Decision No. 1296/QD-BTC announces the removal of ASNAF Vietnam Limited Liability Accounting Firm from the list of consulting appraisal organizations due to failure to rectify errors during the suspension period. This decision applies to units related to the shareholding reform of state-owned enterprises.
Scope of application
Consulting appraisal organizations, agencies under the Ministry of Finance, and relevant units
Key points
- ASNAF Vietnam Limited Liability Accounting Firm has been removed from the list of service providers for determining enterprise value for shareholding reform (Article 1).
- This decision takes effect from the date of issuance (Article 2).
- The Chairman of the State Securities Commission, the Director of the Department of Banking and Financial Institutions' Finance, and relevant units must implement this decision.
- Other consulting appraisal organizations are not directly affected by this decision.
- This decision does not specify any specific penalties or sanctions against ASNAF Vietnam.
🌐 Social impact of this document
- ASNAF Vietnam's removal from the list of service providers for determining enterprise value for shareholding reform causes damage to the company's business operations.
- State-owned enterprises may face difficulties in finding new consulting organizations if ASNAF Vietnam was an important partner.
- Removing ASNAF Vietnam helps ensure quality and transparency in the process of determining enterprise value for shareholding reform.
❓ Frequently asked questions
Which company has been removed from the list of service providers for determining enterprise value?
ASNAF Vietnam Limited Liability Accounting Firm (ASNAF Co., Ltd).
When does this decision take effect?
From the date of issuance, which is May 30, 2011.
Are other consulting organizations affected by this decision?
No, other consulting organizations continue their activities normally if they comply with regulations and have not violated like ASNAF Vietnam.
Is there a specific penalty applied to ASNAF Vietnam?
This decision does not mention the application of any specific forms of handling or penalties for ASNAF Vietnam.
Full text
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MINISTRY OF FINANCE |
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SOCIALIST REPUBLIC OF VIET NAM |
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NUMBER: 1296/QD-BTC |
HA NOI, MAY 30, 2011 |
Pursuant to …;
REGARDING THE ANNOUNCEMENT OF ADVISORY VALUATION ORGANIZATIONS REMOVED FROM THE LIST OF SERVICE PROVIDERS FOR DETERMINING ENTERPRISE VALUES FOR CORPORATIZATION
xác định giá trị của doanh nghiệp để cổ phần hóa
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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;
BASED ON THE GOVERNMENT DECREE NO. 109/2007/ND-CP OF JUNE 26, 2007 ON TRANSFORMING STATE-OWNED ENTERPRISES WITH 100% STATE CAPITAL INTO JOINT STOCK COMPANIES;
BASED ON THE MINISTRY OF FINANCE DECISION NO. 100/2007/QD-BTC OF DECEMBER 6, 2007 ISSUING REGULATIONS ON THE SELECTION AND SUPERVISION OF ADVISORY VALUATION ORGANIZATIONS;
At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions,
DECISION:
Article 1. ANNOUNCING THE REMOVAL OF ADVISORY ORGANIZATIONS FROM THE LIST OF ADVISORY VALUATION ORGANIZATIONS DUE TO THE EXPIRATION OF THE SUSPENSION PERIOD FOR PROVIDING SERVICES TO DETERMINE ENTERPRISE VALUES WITHOUT SUBMITTING CORRECTIVE REPORTS, SPECIFICALLY:
ASNAF VIETNAM LIMITED LIABILITY AUDIT COMPANY (ASNAF CO., LTD).
Article 2. THIS DECISION TAKES EFFECT FROM THE DATE OF SIGNATURE. THE HEAD OF THE MINISTRY’S OFFICE, DIRECTOR OF THE DEPARTMENT OF ENTERPRISE FINANCE, CHAIRMAN OF THE SECURITIES COMMISSION, DIRECTOR OF THE DEPARTMENT OF BANK AND FINANCIAL INSTITUTION FINANCE, ADVISORY VALUATION ORGANIZATIONS, AND HEADS OF RELATED UNITS ARE RESPONSIBLE FOR IMPLEMENTING THIS DECISION./.
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Distribution: |
DEPUTY MINISTER
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