Decision No. 265/2005/QD-TTg transfers Vietnam Cotton Company from being an independent accounting affiliated enterprise under Vietnam Textile - Garment Corporation to become a State-owned Joint Stock Company with One Member. The new company will operate in specific business sectors and have a Board of Directors as its organizational management structure.
적용 범위
State-owned Joint Stock Company with One Member Vietnam Cotton
핵심 사항
- The new company is renamed to State-owned Joint Stock Company with One Member Vietnam Cotton with a charter capital of 38,434,385,462 dong.
- The main business activities of the company include producing and trading yarns, importing and exporting cotton fabrics, agricultural supplies, equipment for production and processing of cotton and post-harvest cotton products, producing and trading cotton seeds and other agricultural crops.
- The Board of Directors of Vietnam Textile - Garment Corporation is the organization authorized by the State to represent the ownership of capital of State-owned Joint Stock Company with One Member Vietnam Cotton.
- The new company has the responsibility to accept and effectively utilize the capital and assets transferred by the Board of Directors of Vietnam Textile - Garment Corporation to fulfill the mission of developing production and business operations.
- The Board of Directors of State-owned Joint Stock Company with One Member Vietnam Cotton has the responsibility to draft the Charter on organization and operation to be submitted for approval by the Board of Directors of Vietnam Textile - Garment Corporation; appoint the General Director, Deputy General Directors, and Chief Accountant of the company in accordance with current laws.
🌐 이 문서의 사회적 영향
- The new company will have a clearer organizational management structure with the Board of Directors at the center.
- A diverse range of business activities expands the potential for developing production and business operations of the company.
❓ 자주 묻는 질문
What is the charter capital of the new company?
The charter capital of State-owned Joint Stock Company with One Member Vietnam Cotton is 38,434,385,462 dong.
What are the main business activities of the new company?
The main business activities of State-owned Joint Stock Company with One Member Vietnam Cotton include producing and trading yarns, importing and exporting cotton fabrics, agricultural supplies, equipment for production and processing of cotton and post-harvest cotton products, producing and trading cotton seeds and other agricultural crops.
What responsibilities does the Board of Directors of Vietnam Textile - Garment Corporation have?
The Board of Directors of Vietnam Textile - Garment Corporation is the organization authorized by the State to represent the ownership of capital of State-owned Joint Stock Company with One Member Vietnam Cotton.
What responsibilities does the new company have regarding the capital and assets transferred from Vietnam Textile - Garment Corporation?
State-owned Joint Stock Company with One Member Vietnam Cotton has the responsibility to accept and effectively utilize the capital and assets transferred by the Board of Directors of Vietnam Textile - Garment Corporation to fulfill the mission of developing production and business operations.
Who can the Board of Directors of the new company appoint?
The Board of Directors of State-owned Joint Stock Company with One Member Vietnam Cotton has the responsibility to draft the Charter on organization and operation to be submitted for approval by the Board of Directors of Vietnam Textile - Garment Corporation; appoint the General Director, Deputy General Directors, and Chief Accountant of the company in accordance with current laws.
전문
DECISION OF THE PRIME MINISTER
Regarding the transfer of Vietnam Cotton Company under Vietnam Textile - Garment Corporation
to become a State-owned Joint Stock Company with One Member.
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the State Enterprise Law dated November 26, 2003;
Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001;
Considering the proposal of the Board of Directors of the Vietnam National Textile and Garment Corporation,
DECISION:
Article 1. Transfer Vietnam Cotton Company, an independent accounting affiliate of Vietnam Textile - Garment Corporation, into Vietnam Cotton State-owned Joint Stock Company with One Member.
Vietnam Cotton State-owned Joint Stock Company with One Member shall have its own seal, be entitled to open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Company's Articles of Association and the Enterprise Law.
- Full name: Vietnam Cotton State-owned Joint Stock Company with One Member.
- International trade name: Vietnam Conton one member of state responsibility limited company.
- Abbreviation in English: VCC Ltd.
- Registered capital: 38,434,385,462 Vietnamese dong (thirty-eight billion four hundred thirty-four million three hundred eighty-five thousand four hundred sixty-two Vietnamese dong).
- Main office address: Lot I. 15-16-17, D2 Street, Bac Van Thanh Ward, District 25, Binh Thanh District, Ho Chi Minh City.
Article 2. The main business of the company includes producing and trading yarns, importing and exporting cotton fabrics, agricultural materials, equipment for cotton production and post-harvest processing, producing and trading cotton seeds and other agricultural crops; trading textile and garment products, agricultural products, food industry products, consumer goods, and other businesses as prescribed by law.
Article 3. Organization and operation
1. Management model of the Company: Board of Directors.
2. The organization and operation of the Company are specifically regulated in the Company's Charter on organization and operation.
Article 4. The State-authorized representative body is the representative of the owner.
Board of Directors of Vietnam Textile - Garment Corporation.
Address: No. 25 Ba Trieu Street - Hoan Kiem District - Hanoi City.
The Board of Directors of Vietnam Textile - Garment Corporation is responsible for exercising the rights of the owner's representative according to current regulations and the Company's Articles of Association.
Article 5. Vietnam Cotton State-owned Joint Stock Company with One Member is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Textile - Garment Corporation to fulfill the mission of developing production and business operations; inheriting all rights and obligations of Vietnam Cotton Company.
Article 6. The Board of Directors of Vietnam Cotton State-owned Joint Stock Company with One Member is responsible for drafting the Organizational and Operational Charter to submit for approval by the Board of Directors of Vietnam Textile - Garment 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 Textile - Garment Corporation, the General Director of Vietnam Cotton Company, and the Board of Directors of Vietnam Cotton State-owned Joint Stock Company with One Member are responsible for implementing this Decision./.
VICE-PRESIDENT OF THE GOVERNMENT
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