16:30 9/8/24
Exercise 4 - JSC 1 - 2021 - answers Num Full name Percent of ber contribution 1
Nguyễn Trần Gia Linh (Leader) 100% 2 Lê Đỗ Yến Trinh 100% 3 Nguyễn Đỗ Quỳnh Hương 100% 4 Nguyễn Hồng Liên 100% 5 Hồ Thị Trúc Mai 100%
First Love Joint Stock Company has a charter capital of VND 20 billion (divided
into 2 million, including: 1,5 million ordinary shares, 0,2 million voting preference
shares and 0,3 dividend preference shares) operating in fashion clothing retails.
Face value of share is 10.000VND. Each voting preference share shall carry two
votes. The company charter is based on LoE 2020.
There are 4 founding shareholders with specific capital contribution registered as follows:
- Anh: 0,3 million ordinary shares and 0,1 million voting preference shares
- Bình: 0,2 million ordinary shares and 0,1 million dividend preference shares
- Chúc: 0,3 million ordinary shares and 0,2 million dividend preference shares
- Dung: 0,2 million ordinary shares and 0,1 million voting preference shares
Other ordinary shareholders hold the rest of shares.
When registering the establishment of an enterprise, shareholders register to buy
shares at the price of 14.000VND/share. Please identify and explain:
1. How much is the charter capital of First Love JSC at the time of
enterprise establishment?
According to Article 112, Clause 1, we have :
2 million x 14.000VND = VND 28 billion about:blank 1/2 16:30 9/8/24
Exercise 4 - JSC 1 - 2021 - answers
2. After First Love JSC is established, please identify the number of votes of the shareholders.
● According to Article 115 Clause 1 of LoE2020. Each ordinary share
equals 1 vote and each voting preference share shall carry two votes,
Anh and Dung have 2 more votes.
-> Anh has : 0.3 million x 1 + 0,1 million x 2 = 500000 (votes)
Bình has : 0.2 million x 1 = 200000 (votes)
Chúc has: 0.3 million x 1 = 300000 (votes)
Dung has: 0.2 million x 1 + 0.1 million x 2 = 400000 (votes)
Other ordinary shareholders hold the rest of shares: 0.5 million x 1 =500000
3. After 3 months, Anh would like to assign his shares to X (not be a
shareholder of First Love Joint Stock Company). Can Anh do that and why?
According to article 115 Clause 1 of LoE2020, Transfer their shares to
other persons except for the cases specified in Clause 3 Article 120 Within
03 years from the issuance date of the Certificate of Enterprise Registration,
the ordinary shares of founding shareholders may be transferred to other
founding shareholders and may only be transferred to a person that is not a
founding shareholder if the transfer is accepted by the GMS. In this case, the
transferor does not have the right to vote on this transfer.
4. Bình would like to change her dividend preference shares into voting
preference shares. Can Binh do that and why?
According to Clause 3 of Article 117, holders of dividend preference shares
do not have the right to vote. Therefore, Bình can not change her dividend
preference shares into voting preference shares. about:blank 2/2