Accordingly, a project in Ngu Hanh Son district is eligible to mobilize capital through capital contribution, business cooperation, joint venture, and association of organizations, households, and individuals according to the provisions of Clause 2, Article 69 of the 2014 Housing Law and Clause 3, Article 19 of Decree No. 99/2015/ND-CP.
Da Nang City Department of Construction requires investors to be responsible for the accuracy of information and attached documents.
At the same time, capital mobilization through capital contribution, investment cooperation, business cooperation, joint venture, association of organizations, households, and individuals must be through capital contribution contracts or contracts. investment cooperation or business cooperation contract; ensure the content according to regulations.
Parties participating in capital contribution, investment cooperation, business cooperation, joint venture, or association can only divide profits, in money or shares, on the basis of the capital contribution ratio as agreed in the contract.
The investor is not allowed to apply the above form of capital mobilization or other forms of capital mobilization to distribute land use rights in the project to the party receiving capital, except in the case of contributing capital to establish a new legal entity to assigned by the State to be the investor of a housing construction project.
In case of contributing capital to establish a new legal entity to be assigned as an investor, the business cooperation contract is implemented in accordance with the provisions of investment law and relevant laws.
In case of improper use of mobilized capital or misappropriation of mobilized capital, the amount of money mobilized improperly must be refunded, compensation must be paid, and administrative violations shall be sanctioned according to the provisions of law on penalties. fined for administrative violations or prosecuted for criminal liability according to the provisions of law.
The investor implements the project in accordance with legal regulations on investment, land, housing, construction, environmental protection, fire prevention and fighting and relevant laws. At the same time, this enterprise mobilizes capital and does real estate business according to regulations on housing and real estate business.
The investor is fully responsible before the law in case any violations occur in investing in project construction or real estate business at the project.
