According to the law, the Share Certificate can only be deposited into the securities account of its own owner.
You or your relative should open a securities account and deposit the Share Certificate of your own or their own account. Then, if you need to transfer shares to each other, you just need to make a transaction (via negotiation/order matching as you wish).
To deposit securities, the full name and the personal identification number on your Share Certificate must be the same as those on your securities account.
In case the information on the Share Certificate is older, you should contact the issuer (the company that issues the Share Certificate) to have your shareholder information updated with that at the Vietnam Securities Depository and Clearing Corporation. After the information is updated, FPTS will deposit the securities for you.
According to the law, you can only transfer securities to your own securities account in another securities company. Your personal information at FPTS and at the recipient securities company must match.
According to VSDC's current procedures, the transfer application will be processed from 3-5 working days (excluding Saturdays, Sundays and holidays) from the date of receiving your valid transfer application.
According to current law, you can use your securities as collateral for another person's mortgage loans at banks. However, this must comply with some specific regulations and procedures. Please contact FPTS Headquarters, Branches or Transaction Offices for advice.
The blocking of securities registered as security measures through VSDC does not change the number of voting shares, so you do not need to disclose information.
By law, legal heirs are defined in the following order:
- The first order of inheritance includes wife, husband, biological father, biological mother, adoptive father, adoptive mother, biological children, adopted children of the deceased.
- The second order of inheritance includes paternal grandfather, paternal grandmother, maternal grandfather, maternal grandmother, biological brothers, biological sisters, biological siblings of the deceased; biological grandchildren of the deceased who is the paternal grandfather, paternal grandmother, maternal grandfather and maternal grandmother.
- The third order of inheritance includes paternal great-grandfather and maternal great-grandfather of the deceased; paternal uncle, paternal aunt, maternal uncle and maternal aunt of the deceased; biological grandchildren of the deceased who is the paternal uncle, paternal aunt, maternal uncle, maternal aunt and biological aunt; biological great-grandchildren of the deceased who is the paternal great-grandfather and maternal great-grandfather.
Heirs in the next line of succession are only entitled to inherit if there is no one in the previous line of succession due to death.
According to current law, income from inherited securities is subject to personal income tax. Inheritors must declare and pay personal income tax.
The expected time for payment of the proceeds of securities sold in a public offering is 10 working days from the end date of such public offering.
You can cancel your registration to sell securities during the public offering. Please return to the Offering Agent to complete cancellation procedures.