Question: Could you explain the differences between a JSC and Ltd Co in Vietnam?
Answer: Please find the main difference between Company Limited and Joint Stock Company as follows:
1. Management Structure
Company Limited Joint Sotck Company
Member Council/One Owner General Meeting of Shareholders
(1- 50 members) (3 shareholders upward)
Director/General Director Board of Members
Inspection Committee (not compulsory)
Director/General Director
2. Right to transfer shares
A member who wishes to transfer Free to transfer shares, except for that
its shares in the company, he/she within 03 years from establishment of
must firstly offer share transfer to the company, a founding shareholder
other members of the Company. If can only transfer his/her shares to other
other member refuse to purchase, founding shareholders in the Company
he/she can transfer his/her shares unless otherwise approved by General
to the third parties Meeting of Shareholders
3. Right to offer shares on Stock Market
None Yes.
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