Decision No. 100/2007/QD-BTC of the Ministry of Finance issuing the Regulation on Selection and Supervision of Valuation Consulting Organizations applies to valuation consulting organizations during the process of performing asset valuation work. Notably, it stipulates procedures for selecting and supervising valuation consulting organizations.
Scope of application
Valuation consulting organization
Key points
- Valuation consulting organization → performs asset valuation work according to the issued regulation.
🌐 Social impact of this document
- Positive impact: Helps improve the quality and transparency in the asset valuation process, thereby ensuring the rights of all parties involved.
- Negative impact: May increase costs for valuation consulting organizations due to compliance with new regulations.
❓ Frequently asked questions
To whom does this decision apply?
The decision applies to valuation consulting organizations during the process of performing asset valuation work.
When does this decision come into effect?
The decision takes effect fifteen days after its publication in the Official Gazette.
What regulations must valuation consulting organizations comply with under this decision?
Valuation consulting organizations must perform asset valuation work according to the issued regulation, including selection and supervision procedures.
On what basis was this decision issued?
The decision is based on Decree No. 109/2007/ND-CP, Decree No. 101/2005/ND-CP, and Decree No. 77/2003/ND-CP.
Which agencies are responsible for implementing this decision?
The Director of the Department of Banking and Financial Organization Finance, the Director of the Enterprise Finance Department, the Head of the Ministry's Office, the Heads of related units, and the Directors of valuation consulting organizations are responsible for implementing this decision.
Full text
Pursuant to …;
Issuing the Regulation on the Selection and Supervision of Appraisal Consulting Organizations
________________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 109/2007/NĐ-CP dated June 26, 2007 of the Government on the conversion of wholly state-owned enterprises into joint-stock companies;
Pursuant to Decree No. 101/2005/NĐ-CP dated August 3, 2005 of the Government on appraisal valuation;
Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,
DECISION:
Article 1. The attached to this Decision is the "Regulation on the Selection and Supervision of Appraisal Consulting Organizations".
Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette.
Article 3. The Director of the Department of Financial Institutions and Financial Organizations, the Director General of the Department of Corporate Finance, the Head of the Office of the Ministry, the Heads of relevant units, and the Directors of appraisal consulting organizations are responsible for implementing this Decision.
DEPUTY MINISTER
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