Decision No. 01/2006/QD-BCN amends Clause 2 of Article 20 of the Charter on Organization and Operation of Ha Noi Textile-Garment Corporation, providing for the right to decide investment projects, capital contributions to purchase shares, and sale of assets of Hanosimex not exceeding 30% of the total asset value recorded in accounting books.
Scope of application
Board of Directors, General Director of Ha Noi Textile-Garment Corporation
Key points
- Board of Directors, General Director of Ha Noi Textile-Garment Corporation → shall decide investment projects, capital contributions to purchase shares of other companies, and sale of assets of Hanosimex within the limit not exceeding 30% of the total asset value recorded in accounting books.
- The maximum allowable limit is 30% of the total asset value recorded in accounting books of Hanosimex.
- This Decision applies to investment projects, capital contributions to purchase shares, and sale of assets of Hanosimex in Vietnamese dong or equivalent foreign currency.
- The effective date of implementation is fifteen days from the date of publication in the Official Gazette.
🌐 Social impact of this document
- Positive impact: Helps Ha Noi Textile-Garment Corporation have specific regulations on the right to decide investment projects, capital contributions to purchase shares, and sale of assets of Hanosimex.
- Negative impact: May cause difficulties in implementing large investment projects if the 30% limit is not adhered to.
❓ Frequently asked questions
What projects can Ha Noi Textile-Garment Corporation decide?
Board of Directors, General Director of Ha Noi Textile-Garment Corporation shall decide investment projects, capital contributions to purchase shares of other companies, and sale of assets of Hanosimex within the limit not exceeding 30% of the total asset value recorded in accounting books.
What is the maximum allowable limit?
The maximum allowable limit is 30% of the total asset value recorded in accounting books of Hanosimex.
Can Ha Noi Textile-Garment Corporation sell assets in Vietnamese dong or foreign currency?
Ha Noi Textile-Garment Corporation may sell assets of Hanosimex in Vietnamese dong or equivalent foreign currency.
When does this Decision take effect?
This Decision takes effect fifteen days from the date of publication in the Official Gazette.
How must Ha Noi Textile-Garment Corporation comply with the limit regulation?
Ha Noi Textile-Garment Corporation must ensure that investment projects, capital contributions to purchase shares, and sale of assets of Hanosimex do not exceed 30% of the total asset value recorded in accounting books.
Full text
Pursuant to …;
Amend Clause 2 of Article 20 of the Charter on Organization and Operation of the Hanoi Textile-Clothing Company issued together with Decision No. 04/2005/QĐ-BCN dated February 16, 2005 of the Minister of Industry regarding the approval of the Charter on Organization and Operation of the Hanoi Textile-Clothing Company.
____________________
THE MINISTER OF INDUSTRY
Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;
Pursuant to Decree No. 153/2004/NĐ-CP dated August 9, 2004 of the Government on the organization and management of state-owned holding corporations and the transformation of state-owned holding corporations and independent state-owned companies into parent company-subcompany models;
Considering the proposal of the Board of Directors of the Vietnam National Textile and Garment Corporation (Proposal No. 127/TT-HĐQT dated February 10, 2006);
At the proposal of the Director of the Personnel and Organization Department
Pursuant to …;
Article 1. Amend Clause 2 of Article 20 of the Charter on Organization and Operation of the Hanoi Textile-Clothing Company issued together with Decision No. 04/2005/QĐ-BCN dated February 16, 2005 of the Minister of Industry regarding the approval of the Charter on Organization and Operation of the Hanoi Textile-Clothing Company as follows:
"2. To decide on investment projects, capital contributions for purchasing shares of other companies, and the sale of assets of Hanosimex within the scope of the authority limits permitted by Vinatex and recorded in the Charter and Financial Regulations of Hanosimex, in Vietnamese dong or equivalent foreign currency but not exceeding 30% of the total asset value recorded in Hanosimex's accounting books."
Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.
The Head of the Ministry’s Office, the Inspector General of the Ministry, Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors, the General Director of the Vietnam National Textile and Garment Corporation, and the General Director of the Hanoi Textile-Clothing Company are responsible for implementing this Decision./.
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