Shares are deemed to be sold when they are fully paid and the buyer information on the provisions of Clause 2, Article 86 of the Law on Enterprises in 2005 was recorded correctly, recorded in the register of shareholders; since that time, the purchase of shares becomes a shareholder of the company.
13.4 After the shares are sold, the company shall issue and deliver shares to buyers. The company may sell shares without issuing share certificates. In this case, the information about the shareholders specified in Clause 2, Article 86 of the Enterprise Law 2005 are recorded in the register of shareholders is sufficient to certify the ownership of such shareholder's shares in the company.
13.5 the shares are freely transferable, unless otherwise specified in Clause 3 of Article 81 and paragraph 5 of Article 84 of the Enterprise Act 2005. the transfer is done in writing in the usual way, or by hand delivery of shares . Transfer documents must be signed by the transferor and the transferee or by their authorized representatives signed. The transferor remains the holder of shares concerned until the name of the transferee is registered in the register of shareholders.
Where only transfer a number of shares in bearer shares, the shares old abandoned and the company issued new shares have recorded the transfer of the shares and the remaining shares.
13.6 the conditions, methods and procedures for offering shares to the public comply with the provisions securities laws.
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