Decision No. 1295/QD-BTC temporarily suspends the provision of services to determine enterprise value for shareholding reform by 17 consulting appraisal organizations due to violations of reporting regulations. This decision aims to ensure quality and transparency in the process of shareholding reform of state-owned enterprises.
Đối tượng áp dụng
Joint Stock Securities Company of Hanoi Commercial Joint Stock Bank, Joint Stock Securities Company of Vietnam Joint Stock Enterprises outside Foreign Investment (VPBS), Asia Financial Consulting and Audit Corporation (AFCC), and 15 other organizations listed in the decision.
Các điểm cốt lõi
- Seventeen consulting appraisal organizations are suspended from providing services to determine enterprise value for shareholding reform (Article 1).
- These organizations are responsible for rectifying deficiencies within thirty days from the date the decision takes effect (Article 2).
- The decision takes effect from the date of issuance (Article 3).
- Violations of reporting regulations for service provision to determine enterprise value in 2010 are the reasons for suspending the activities of these consulting appraisal organizations.
- The Ministry of Finance will consider allowing continued operations when the organization has rectified the deficiencies.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Ensuring quality and transparency in the process of shareholding reform of state-owned enterprises.
- Negative impact: Consulting appraisal organizations suspended from operations may face financial and reputational difficulties.
❓ Câu hỏi thường gặp
Which organizations were suspended?
Seventeen consulting appraisal organizations listed in the decision.
What caused these organizations to be suspended?
Violations of reporting regulations for service provision to determine enterprise value in 2010.
How long will the suspension last?
Temporarily, with no specific duration mentioned in the decision.
Do these organizations have the opportunity to rectify deficiencies to continue their operations?
Yes, they will be considered for permission to continue operations upon rectification of deficiencies within thirty days from the date the decision takes effect.
When does this decision take effect?
From the date of issuance, which is May 30, 2011.
Toàn văn
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MINISTRY OF FINANCE |
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SOCIALIST REPUBLIC OF VIET NAM |
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Number: 1295/QD-BTC |
Hanoi, May 30, 2011 |
Pursuant to …;
Regarding the announcement of the suspension of the operation of consulting organizations for valuation services to determine enterprise value for shareholding reform
service for determining the value of a business for equitization
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THE MINISTER OF FINANCE
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 109/2007/ND-CP dated June 26, 2007 of the Government on the transfer of state-owned enterprises with 100% state capital into joint-stock companies;
Pursuant to Decision No. 100/2007/QD-BTC dated December 6, 2007 of the Minister of Finance promulgating the regulations on the selection and supervision of consulting organizations for valuation;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,
DECISION:
Article 1. Temporarily suspend the provision of enterprise valuation services for shareholding reform by 17 consulting organizations for valuation (list attached) due to violations stipulated at point d, Clause 1, Article 13 of Decision No. 100/2007/QD-BTC (failure to comply with the reporting system for enterprise valuation service provision in 2010).
Article 2. The enterprises mentioned in Article 1 of this Decision shall be responsible for rectifying deficiencies within thirty days from the date this Decision takes effect. The Ministry of Finance will consider allowing enterprises to continue providing enterprise valuation services for shareholding reform once they have corrected these deficiencies.
Article 3. This Decision takes effect from the date of signature. The Director of the Ministry's Office, the Director of the Enterprise Finance Department, the Chairman of the State Securities Commission, the Director of the Financial Department of Banks and Financial Institutions, the consulting organizations for valuation, and the heads of relevant units are responsible for implementing this Decision./.
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Distribution: |
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DEPUTY MINISTER |
LIST
CONSULTING ORGANIZATIONS FOR VALUATION SUSPENDED FROM PROVIDING ENTERPRISE VALUATION SERVICES
(Attached to Decision No. 1295/QD-BTC dated May 30, 2011)
I. SECURITIES COMPANIES
1. Ha Noi Commercial Joint Stock Bank Securities Corporation (HBBS);
2. Vietnam Joint Stock Commercial Bank for Industry and Trade Securities Corporation;
3. Hai Phong Securities Corporation (Haseco);
4. Vietnam Joint Stock Commercial Bank for Private Enterprises Securities Corporation (VPBS);
5. Vincom Securities Corporation;
II. AUDIT AND ACCOUNTING COMPANIES:
6. Ernst & Young Vietnam Limited Liability Company;
7. KPMG Vietnam Limited Liability Company;
8. Accounting and Audit Company (AAC);
9. Vietnam Accounting and Audit Company Limited (VAACO., Ltd);
10. Tam Viet Partnership (Tam Viet CO);
11. Hong Duc Financial, Accounting and Audit Services Limited Company (HD Auditing CO., Ltd);
12. Southern Accounting, Audit and Financial Consulting Services Limited Company (AASCS CO, Ltd);
13. Asia Pacific Financial Consulting and Audit Company (AFCC);
14. S&S Consulting and Audit Limited Company (S&S CO., LTD);
15. Capital City Audit and Consulting Limited Company;
III. ENTERPRISES FOR ASSESSING VALUE
16. Vietvalue Information and Valuation Joint Stock Company
17. PetroVietnam Investment and Appraisal Joint Stock Company (PIV., JSC)./
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