Decision No. 194/2003/QĐ-TTg On the transformation of Northern Coal Processing and Trading Corporation into Northern Coal Processing and Trading Limited Liability Company with One Member

DECISION

Regarding the transformation of the Northern Coal Processing and Trading Company into the Northern Coal Processing and Trading Joint Stock Company with One Member 

 PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Based on the State Enterprise Law dated April 20, 1995;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001;

Considering the proposal of the Chairman of the Board of Directors of Vietnam Coal Corporation,

DECISION:

Article 1. The Northern Coal Processing and Trading Company, a subsidiary enterprise under Vietnam Coal Corporation, shall be transformed into the Northern Coal Processing and Trading Joint Stock Company with One Member.

The Northern Coal Processing and Trading Joint Stock Company with One Member (referred to as the Northern Coal Processing and Trading Company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Charter and the Enterprise Law.

Full name: Northern Coal Processing and Trading Joint Stock Company with One Member.

Abbreviation: Northern Coal Processing and Trading Company.

International trade name: Northern Coal Processing And Trading Limited Company.

English abbreviation: NCPT.

Registered capital: 20,223,051,839 VND (twenty billion, two hundred twenty-three million, fifty-one thousand, eight hundred thirty-nine dong).

Transaction account: 710A-00334 at Branch 2 of Industrial and Commercial Bank, Hai Ba Trung District, Hanoi City.

Head office address: No. 5 Phan Dinh Giót Street, Phuong Lieu Ward, Thanh Xuan District, Hanoi City.

Article 2. Business activities of the Company:

Coal mining business,

Coal processing for household and industrial use,

Coal transportation and water and land freight business,

Hotel and tourism business,

Food, alcohol, beer, and beverage sales,

Non-metallic raw material and construction material sales,

Sales of spare parts and equipment,

Import and export of equipment and materials,

Other businesses based on the company's capacity, market demand, and permitted by law.

Article 3. Organization and operation:

1. The organizational structure of the Company includes: Chairman of the Company, General Director of the Company, and supporting staff, Subordinate units of the Company.

2. The organization and operation of the Company are specifically regulated in the Company's Charter on organization and operation.

Article 4. State-authorized representative body:

Board of Directors of Vietnam Coal Corporation, address: 95A Le Thanh Tong Street, Ha Long City, Quang Ninh Province.

The Board of Directors of Vietnam Coal Corporation is responsible for exercising the rights of the owner according to Decree No. 63/2001/NĐ-CP dated September 14, 2001 of the Government and the Company's Charter.

Article 5. The Northern Coal Processing and Trading Joint Stock Company with One Member is responsible for receiving and effectively using the capital and assets transferred by the Board of Directors of Vietnam Coal Corporation to fulfill production and trading tasks; inheriting all rights and obligations of the Northern Coal Processing and Trading Company.

Article 6. The Board of Directors of the Northern Coal Processing and Trading Joint Stock Company with One Member is responsible for drafting the Charter of organization and operation of the Company to submit to the approval of the Board of Directors of Vietnam Coal Corporation; appointing the General Director, Deputy General Directors, and Chief Accountant of the Company in accordance with current laws.

Article 7. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Board of Directors of Vietnam Coal Corporation, the General Director of the Northern Coal Processing and Trading Company, and the Board of Directors of the Northern Coal Processing and Trading Joint Stock Company with One Member are responsible for implementing this Decision./.