Decision No. 03/2003/QD-BXD of the Ministry of Construction on the acceptance of the JSC for Trade and Tourism Hiep Phuc as a subsidiary in the pilot model of Parent Company - Subsidiary Constrexim. This decision stipulates the conditions, responsibilities, and authorities related to the operations of the newly established subsidiary.
Scope of application
JSC for Trade and Tourism Hiep Phuc, Vietnam Investment Construction and Import Export Corporation (Constrexim Holdings), Department of Labor Organization, Heads of Units under the Ministry of Construction that are relevant.
Key points
- JSC for Trade and Tourism Hiep Phuc Constrexim is a subsidiary of the type of Multi-Member JSC, where one member is the Parent Company - Vietnam Investment Construction and Import Export Corporation (Constrexim Holdings), subject to the provisions of the Enterprise Law.
- Vietnam Investment Construction and Import Export Corporation invests capital at 10%, including the brand value at 3% of the registered capital of JSC for Trade and Tourism Hiep Phuc Constrexim.
- The General Director of Vietnam Investment Construction and Import Export Corporation and the Board of Members of JSC for Trade and Tourism Hiep Phuc have the responsibility to organize and implement tasks within their authority according to the law to complete legal procedures promptly.
- This Decision takes effect fifteen days from the date of signing.
🌐 Social impact of this document
- Positive impact: The newly established subsidiary will operate stably and effectively in the pilot model, helping to enhance the competitive strength of Constrexim Holdings.
- Negative impact: There may be difficulties in the process of organizational transition and adjustment of activities according to legal regulations.
❓ Frequently asked questions
Who is the parent company of JSC for Trade and Tourism Hiep Phuc Constrexim?
JSC for Trade and Tourism Hiep Phuc Constrexim is a subsidiary of Vietnam Investment Construction and Import Export Corporation (Constrexim Holdings).
What percentage of capital does the parent company invest in the subsidiary?
The Parent Company - Vietnam Investment Construction and Import Export Corporation invests capital at 10%, including the brand value at 3% of the registered capital of JSC for Trade and Tourism Hiep Phuc Constrexim.
When does this Decision take effect?
This Decision takes effect fifteen days from the date of signing.
How does JSC for Trade and Tourism Hiep Phuc Constrexim operate under the Enterprise Law?
JSC for Trade and Tourism Hiep Phuc Constrexim operates according to the Pilot Regulations on the organization and operation of Vietnam Investment Construction and Import Export Corporation under the Parent Company - Subsidiary model approved by the Minister of Construction, the Pilot Financial Regulations of Vietnam Investment Construction and Import Export Corporation under the Parent Company - Subsidiary model approved by the Minister of Finance, and its own Articles of Association.
What is the abbreviated name of JSC for Trade and Tourism Hiep Phuc Constrexim?
The abbreviated name of JSC for Trade and Tourism Hiep Phuc Constrexim is Constrexim Hiep Phuc.
Full text
Pursuant to …;
Regarding the acceptance of the Joint Stock Company (JSC)
Trade and Tourism Hiep Phuc as a subsidiary company
within the pilot model of Parent Company - Subsidiary Company Constrexim
____________________________
THE MINISTER OF CONSTRUCTION
Pursuant to Decree No. 15/CP dated March 4, 1994 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Construction;
Pursuant to Decision No. 929/QĐ-TTg dated July 30, 2001 of the Prime Minister on piloting the Parent Company - Subsidiary Company model at the Construction Installation, Import-Export Materials and Construction Technology Company;
Pursuant to the proposal of the Vietnam Investment and Construction Import-Export Company at document No. 773/MC-TCHC dated December 16, 2002, and document No. 60/MC-TCHC dated February 14, 2003;
Considering the proposal of the Director of the Personnel Organization Department.
DECISION:
Article 1. Accepting the Joint Stock Company Trade and Tourism Hiep Phuc - an enterprise established under Business License No. 002776/GP-TLDN-02 of the People's Committee of Dak Lak Province as a subsidiary company within the Parent Company - Subsidiary Company Constrexim model according to Decision No. 929/QĐ-TTg dated July 30, 2001 of the Prime Minister with the new name of Joint Stock Company Trade and Tourism Hiep Phuc Constrexim; abbreviated as Constrexim Hiep Phuc; main office located in Eatu Commune - Buon Ma Thuot City - Dak Lak Province:
1. The Joint Stock Company Trade and Tourism Hiep Phuc Constrexim is a subsidiary company of the type of JSC with multiple shareholders, including one parent company - Vietnam Investment and Construction Import-Export Company (Constrexim Holdings), subject to the provisions of the Enterprise Law, organized and operated according to the Pilot Charter for the organization and operation of the Vietnam Investment and Construction Import-Export Company under the Parent Company - Subsidiary Company model approved by the Minister of Construction, according to the Pilot Financial Regulations of the Vietnam Investment and Construction Import-Export Company under the Parent Company - Subsidiary Company model approved by the Minister of Finance, and according to its own Charter.
2. The Vietnam Investment and Construction Import-Export Company invests capital equivalent to 10%, including the brand value equivalent to 3% of the registered capital of the Joint Stock Company Trade and Tourism Hiep Phuc Constrexim.
Article 2. The General Director of the Vietnam Investment and Construction Import-Export Company and the Board of Members of the Joint Stock Company Trade and Tourism Hiep Phuc have the responsibility to organize and implement tasks within their authority as prescribed by law to complete legal procedures promptly, ensuring that the Joint Stock Company Trade and Tourism Hiep Phuc Constrexim operates stably and effectively in its new position.
Article 3. THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.
The Director of the Personnel Organization Department, Heads of relevant units under the Ministry, the General Director of the Vietnam Investment and Construction Import-Export Company, the Board of Members of the Joint Stock Company Trade and Tourism Hiep Phuc, and the Board of Members of the Joint Stock Company Trade and Tourism Hiep Phuc Constrexim are responsible for implementing this Decision./.
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