When a member has not contributed enough committed capital, is a limited liability company with 2 or more members required to register a change in charter capital?
Registration to change charter capital when a member has not fully contributed the committed capital of a limited liability company with 2 or more members is stipulated in Clause 4, Article 47 of the Law on Enterprise 2020 as follows:
“Contribute capital to establish a company and issue a capital contribution certificate
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4. In case a member does not have capital or has not contributed the full amount of capital as committed, the company must register to change the capital conditions and capital contribution ratio of members to the amount contributed within 30 days from the date of registration. the last day to fully contribute the capital contribution as prescribed in account 2 of this Article. Members who have not yet contributed capital or have not contributed the full amount of committed capital must assume responsibility corresponding to the committed capital contribution ratio for the main tasks of the company that arise during the period before the date of company registration. Change capital adjustment and capital contribution ratio of members.
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Accordingly, when a member has not contributed enough committed capital, a limited liability company with 2 or more members must register to change its charter capital, with the proportion of capital contribution of members equal to the amount of capital contributed.
This registration is done within 30 days from the last day to contribute the full capital contribution according to regulations.