Decision No. 134/2005/QĐ-TTg of the Government adjusts the restructuring form for some state-owned enterprises under the People's Committee of Quảng Ngãi Province, and directs the implementation of restructuring and shareholding reform for enterprises that cannot be listed.
Scope of application
State-owned enterprises directly under the People's Committee of Quảng Ngãi Province; Chairman of the People's Committee of Quảng Ngãi Province; Heads of relevant agencies.
Key points
- State-owned enterprises under the People's Committee of Quảng Ngãi Province shall have their restructuring forms adjusted according to the Appendix attached to this Decision.
- The Chairman of the People's Committee of Quảng Ngãi Province directs the implementation of restructuring and renewal of state-owned enterprises approved in previous Decisions and decides the proportion of shares held by the State when selling shares for the first time at each enterprise.
- Enterprises that cannot be listed will be transferred to one of the following forms: auction sale, dissolution, bankruptcy, as provided by current regulations.
- This Decision takes effect fifteen days from the date of publication in the Official Gazette.
🌐 Social impact of this document
- Positive impact is that the restructuring and renewal of state-owned enterprises will help improve business efficiency and strengthen state management.
- Negative impacts may include costs associated with the restructuring, dissolution, or bankruptcy of enterprises that cannot be listed.
❓ Frequently asked questions
Which enterprises will have their restructuring forms adjusted?
State-owned enterprises directly under the People's Committee of Quảng Ngãi Province will have their restructuring forms adjusted according to the Appendix attached to this Decision.
What does the Chairman of the People's Committee of Quảng Ngãi Province need to do?
The Chairman of the People's Committee of Quảng Ngãi Province needs to direct the implementation of restructuring and renewal of state-owned enterprises approved and decide the proportion of shares held by the State when selling shares for the first time at each enterprise.
How will enterprises that cannot be listed be handled?
Enterprises that cannot be listed will be transferred to one of the following forms: auction sale, dissolution, bankruptcy, as provided by current regulations.
When does this Decision take effect?
This Decision takes effect fifteen days from the date of publication in the Official Gazette.
Who is responsible for implementing this Decision?
The Chairman of the People's Committee of Quảng Ngãi Province and Heads of relevant agencies are responsible for implementing this Decision.
Full text
Pursuant to …;
Regarding the adjustment of the restructuring form for certain state-owned enterprises under the People's Committee of Quang Ngai Provincestate company under the People's Committee of Quang Ngai Province
________
PRIME MINISTER
Pursuant to the Law on Government Organization dated December 25, 2001,
Pursuant to Decision No. 155/2004/QĐ-TTg dated August 24, 2004 of the Prime Minister on issuing criteria and classification list for state-owned enterprises and independent accounting subsidiaries under state-owned corporations,
Considering the proposal of the People's Committee of Quang Ngai Province (Document No. 870/UB dated April 29, 2005),
DECISION:
Article 1. Adjust the restructuring form and time for certain state-owned enterprises under the People's Committee of Quang Ngai Province as set forth in the Appendix attached hereto.
State-owned forest farms shall implement restructuring in accordance with Decree No. 200/2004/NĐ-CP dated December 3, 2004 of the Government on restructuring, reforming, and developing state-owned forest farms. State-owned agricultural farms shall implement restructuring in accordance with Decree No. 170/2004/NĐ-CP dated September 22, 2004 of the Government on restructuring, reforming, and developing state-owned agricultural farms.
Article 2. Chairman of the People's Committee of Quang Ngai Province:
1. Direct the implementation of the restructuring and reform of state-owned enterprises directly under its jurisdiction that have been approved by Decision No. 221/QĐ-TTg dated February 25, 2008 and this Decision.
For businesses that cannot be listed, take the initiative to convert them into one of the following forms: auction sale, dissolution, bankruptcy, in accordance with current regulations and report to the Prime Minister.
2. Based on current regulations and the actual situation of the enterprise, decide the proportion of shares held by the State when selling shares for the first time at each company.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
The Chairman of the People's Committee of Quang Ngai Province and the heads of relevant agencies are responsible for implementing this Decision./.
DEPUTY PRIME MINISTER
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