{"id":7581,"date":"2019-05-06T02:05:56","date_gmt":"2019-05-06T02:05:56","guid":{"rendered":"https:\/\/bizlawyer.vn\/order-and-procedures-for-approving-capital-contribution-buying-shares-of-credit-institutions"},"modified":"2019-05-06T02:05:56","modified_gmt":"2019-05-06T02:05:56","slug":"order-and-procedures-for-approving-capital-contribution-buying-shares-of-credit-institutions","status":"publish","type":"post","link":"https:\/\/bizlawyer.vn\/zh-hans\/order-and-procedures-for-approving-capital-contribution-buying-shares-of-credit-institutions","title":{"rendered":"Order and procedures for approving capital contribution, buying shares of credit institutions"},"content":{"rendered":"<p>On 31\/12 2018, the State Bank issued Circular No. 51\/2018\/TT-NHNN regulating conditions, dossiers, order and procedures for approving the capital contribution and purchase of shares of credit institutions. . This Circular takes effect from 01\/03\/2019.<\/p>\n<p>Accordingly, Circular No. 51\/2018\/TT-NHNN stipulates the order and procedures for approving capital contribution, buying shares of credit institutions (Article 6), specifically as follows:<\/p>\n<ul>\n<li>Credit institutions shall make 02 sets of dossiers as prescribed in Article 5 of this Circular and send them to the State Bank (via the Banking Inspection and Supervision Agency);<\/li>\n<li>Within 07 days from the date of receipt of a complete and valid dossier, the Banking Inspection and Supervision Agency shall send a written document to the public for comments:<\/li>\n<li>State Bank branches in provinces, cities where credit institutions are headquartered to meet the conditions prescribed in this Circular;<\/li>\n<li>Units of the State Bank on capital contribution, share purchase, debt transfer into contributed capital of credit institutions (if necessary).<\/li>\n<li>From the date of receiving the documents, the above agencies have 10 days to review and comment in writing to the Banking Inspection and Supervision Agency.<\/li>\n<\/ul>\n<p>Within 14 days from the date of receiving comments from relevant agencies, Banking Inspection and Supervision Agency appraises dossiers and submits to the Governor of the State Bank;<\/p>\n<ul>\n<li>Within 45 days from the date of receipt of a complete and valid file, the State Bank shall issue a written approval or disapproval of the capital contribution, share purchase, and debt transfer into contributed capital of the credit institution;<\/li>\n<li>Within 12 months from the date the State Bank issues a written approval, the credit institution must complete the capital contribution, share purchase, and debt transfer into contributed capital.<\/li>\n<\/ul>\n<p>In summary, the provisions on the order and procedures for approving the capital contribution, buying shares of credit institutions in Circular 51\/2018\/TT-NHNN are aimed at strengthening procedural clarity, at the same time, opening providing opportunities for organizations and individuals who are planning to invest in the finance and banking sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 31\/12 2018, the State Bank issued Circular No. 51\/20 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-7581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-16"],"_links":{"self":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/7581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/comments?post=7581"}],"version-history":[{"count":0,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/7581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media\/7577"}],"wp:attachment":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media?parent=7581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/categories?post=7581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/tags?post=7581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}