How does the real capital of the “real company” register a capital of VND 144,000 billion?

The related information is causing a stir in public opinion about the Investment and International Trade Consulting Corporation. The USC (USC Interco Company) has a capital of up to 144,000 trillion VNDs (6 trillion USD), Mr. Nguyen Bich Lam, Chief Statistician, said that the USC Interco Company was registered to establish on January 17 with a capital of 144 billion VND, it no longer exists.

Explaining this, the Director General of Statistics said that when registering to establish a company, after 90 days (the term of capital contribution), the company must make the capital contribution as promised. 90 days from January 17, USC Interco has not provided sufficient capital.

Mr. Lam said that, at the time of the creation of this company, the General Department of Statistics has noticed an unusual sign, because 144 billion VND is too large a capital, equal to the total capital of the 4 largest banks in Vietnam combined.

“In the report, we have left a note: if this company is not included, what is the registered capital and what is the average registered capital of the company?” Lam said.

The representative of the General Statistics Department said that the registry of the commercial establishment was decentralized to the Planning and Investment Departments and the local commercial registry offices. When the information on the previous company was presented to the Ministry of Planning and Investment, the Business Registration Department reviewed it and discussed it with the Planning and Investment Department, and discovered deficiencies and promptly rectified it.

“In the case of companies that register a capital of VND 144 billion, it is necessary to gain experience during the registration process of the company, to eliminate companies that are temporarily called” shell companies “, said Mr. Lam.

From a legal perspective, attorney Diep Nang Binh – Ho Chi Minh City Bar Association said, according to Article 201 of the 2015 Business Law, there are two forms of commercial dissolution, namely voluntary dissolution and the mandatory dissolution.

Voluntary dissolution is the investor’s right to withdraw from the business market, one of the correct groups of commercial freedom.

Including the cases specified in Points a and b, Clause 1, Article 201 of the Companies Law 2015. That is the expiration of the duration of the operation established in the company’s statutes without a decision to extend it; In accordance with the decision of the company owner to the private company, of all general partners, for associations, the Council of Members, the company owner, for limited liability companies and Dai. Shareholders council for corporations.

Mandatory dissolution is also required at the request of the company’s state administrative authority because the company does not meet legal requirements. Including the following cases: The company no longer has the minimum number of members prescribed by this Law for 6 consecutive months without carrying out procedures for the conversion of the type of company; Revocation of the company registration certificate.

According to Cuong Ngo

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