Decision No. 43/2003/QĐ-BCN of the Ministry of Industry on the merger of Rare Earth Company into Company III for Mineral Development, Vietnam Minerals Corporation. This Decision stipulates the responsibilities of the Board of Directors of the Corporation in implementing the merger and supplementary business registration.
Key points
- The Board of Directors of Vietnam Minerals Corporation shall organize the implementation of the merger in accordance with state regulations.
- The Board of Directors of Vietnam Minerals Corporation shall approve the Charter regarding the organization and operation of Company III for Mineral Development (amended and supplemented) and direct supplementary business registration.
🌐 Social impact of this document
- Positive impact: Enhance the efficiency of mineral resource management and utilization.
- Negative impact: May cause instability in the operations of related companies during the transition period.
❓ Frequently asked questions
Under which regulations is this merger implemented?
This merger is carried out in accordance with Decree No. 74/CP dated November 1, 1995 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Industry; Decree No. 50/CP dated August 28, 1996 and Decree No. 38/CP dated April 28, 1997 of the Government.
What responsibilities does the Board of Directors of Vietnam Minerals Corporation have in the merger?
The Board of Directors of Vietnam Minerals Corporation must organize the implementation of the merger in accordance with state regulations and approve the Charter regarding the organization and operation of Company III for Mineral Development (amended and supplemented).
When does this merger take effect?
This Decision takes effect 15 days after its publication in the Official Gazette.
How will the Charter of Company III for Mineral Development be amended?
The Board of Directors of Vietnam Minerals Corporation must approve the Charter regarding the organization and operation of Company III for Mineral Development (amended and supplemented).
Does this merger affect the directors of related companies?
The Directors of Rare Earth Company and Company III for Mineral Development are responsible for implementing this Decision.
Full text
Pursuant to …;
Regarding the merger of the Rare Earth Company into the Third Mineral Development Company,
Vietnam Minerals Corporation
___________________
THE MINISTER OF INDUSTRY
Pursuant to the Government Decree No. 74/CP dated November 1, 1995 on the functions, tasks, powers, and organizational structure of the Ministry of Industry;
Pursuant to Decree No. 50/CP dated August 28, 1996 of the Government on the establishment, restructuring, dissolution, and bankruptcy of state-owned enterprises, and Decree No. 38/CP dated April 28, 1997 of the Government amending and supplementing certain articles of Decree No. 50/CP;
Pursuant to Decision No. 125/QĐ-TTg dated January 28, 2003 of the Prime Minister approving the overall plan for the reorganization and modernization of state-owned corporations and state-owned enterprises under the Ministry of Industry for the period 2003-2005;
Considering the proposal of the Board of Directors of Vietnam Minerals Corporation at the Memorandum No. 928/CV-TCLĐ dated December 5, 2002;
At the proposal of the Director of the Personnel and Organization Department,
DECISION:
Article 1. Merge the Rare Earth Company into the Third Mineral Development Company of Vietnam Minerals Corporation.
Article 2. Entrust the Board of Directors of Vietnam Minerals Corporation:
1. To organize and implement the merger in accordance with current regulations of the State.
2. To approve the Charter on organization and operation of the Third Mineral Development Company (amended and supplemented) and to direct the supplementary business registration in accordance with the law.
Article 3. This Decision takes effect fifteen days from the date of publication in the Official Gazette.
The Head of the Office of the Ministry, the Inspector General of the Ministry, the Heads of Departments and Bureaus under the Ministry, the Chairman of the Board of Directors and the General Director of Vietnam Minerals Corporation, the Directors of the Rare Earth Company and the Third Mineral Development Company are responsible for implementing this Decision./.
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