When transferring capital, should individuals use cash or bank transfer? Can a business transfer capital contribution in cash?

BaseArticle 3 Circular 09/2015/TT-BTC regulations on payment methods in capital contribution transactions and the purchase, sale and transfer of capital contributions to other enterprises are as follows:

Form of payment in capital contribution transactions and buying, selling, and transferring capital contributions to other enterprises

1. Enterprises do not use cash (paper money, coins issued by the State Bank) to pay when performing capital contribution transactions and buying, selling, and transferring capital contributions to other enterprises.

2. When performing capital contribution transactions and buying, selling, and transferring capital contributions to other enterprises, businesses use the following forms:

a) Payment by Check;

b) Payment by payment order - money transfer;

c) Other appropriate non-cash payment forms according to current regulations.

3. Enterprises when making capital contribution transactions and buying, selling, and transferring capital contributions to other enterprises using assets (not money) shall comply with the provisions of law on enterprises.

Accordingly, businesses are not allowed to use cash in transferring loan capital, buying and selling, or transferring capital contributions between businesses.

For transactions involving individuals contributing capital to businesses, individuals lending to businesses or businesses lending to individuals, a transfer is not required.