Decision No. 671/QD-BTC announces the list of consulting appraisal organizations removed from the List of Service Providers for Determining Enterprise Value for Shareholding Reform due to failure to submit the 2008 report after the suspension period. This document applies to consulting organizations and relevant agencies.
Scope of application
Consulting appraisal organizations, state-owned enterprises converting to joint-stock companies, Steering Committee for Asset Valuation and State Capital Management, Ministries, ministerial-level agencies, government agencies, People's Committees, Provincial Department of Finance, municipal departments under central cities, State-owned Corporations.
Key points
- Vietnam Audit, Accounting and Consulting Company Limited (VIETCPA CO, Ltd) has been removed from the List of Consulting Appraisal Organizations due to failure to submit the 2008 report after the suspension period.
- This decision takes effect from the date of issuance.
- Consulting organizations removed from the list will lose opportunities to participate in enterprise value determination projects for shareholding reform, causing damage to their business operations.
- State-owned enterprises converting to joint-stock companies may face difficulties in finding suitable consulting organizations.
- Regulatory authorities will find it easier to monitor and adjust the list of consulting appraisal organizations.
🌐 Social impact of this document
- Consulting organizations removed from the list will lose opportunities to participate in enterprise value determination projects for shareholding reform.
- State-owned enterprises converting to joint-stock companies may face difficulties in finding suitable consulting organizations.
- Regulatory authorities will find it easier to monitor and adjust the list of consulting appraisal organizations.
❓ Frequently asked questions
Which organization was removed from the List of Service Providers for Determining Enterprise Value?
Vietnam Audit, Accounting and Consulting Company Limited (VIETCPA CO, Ltd)
What is the reason for the removal of the organization from the list?
Failure to submit the 2008 report after the suspension period.
When does this decision take effect?
From the date of issuance of the decision.
Full text
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MINISTRY OF FINANCE ------------- Decision No.: 671/QD-BTC |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ----------------------------------- Hanoi, March 30, 2010 |
Pursuant to …;
Regarding the announcement of the list of consulting valuation organizations removed from the list of service providers for determining enterprise value for equitization
provide services to determine the value of enterprises for equitization
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THE MINISTER OF FINANCE
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 109/2007/ND-CP dated June 26, 2007 of the Government on the conversion of wholly state-owned enterprises into joint-stock companies;
Pursuant to Decision No. 100/2007/QD-BTC dated December 6, 2007 of the Minister of Finance promulgating the Regulation on the selection and supervision of consulting 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 consulting valuation organizations from the list of consulting valuation organizations due to the expiration of the suspension period for providing services to determine enterprise value without submitting the 2008 annual report, specifically:
1. Vietnam Appraisal, Audit and Consulting Co., Ltd (VIETCPA CO., Ltd)
Article 2. This decision takes effect from the date of issuance. The Director of the Office of the Ministry, the Director of the Department of Enterprise Finance, the Chairman of the State Securities Commission, the Head of the Financial Department of Banks and Financial Institutions, the wholly state-owned enterprises being converted into joint-stock companies, the consulting valuation organizations, and the heads of relevant units are responsible for implementing this decision./.
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Place of Receipt: |
DEPUTY MINISTER |
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- As Article 3; |
DEPUTY MINISTER |
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- Steering Committee for Asset Valuation and Enterprise Divestiture; |
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- Ministries, ministerial-level agencies; |
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- Government agency; |
(signed) |
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- People's Committees, Provincial Departments of Finance, Municipalities directly under the Central Government; |
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- State-owned Corporations; |
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- Units under the Ministry of Finance, Ministry of Finance website; |
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- File: VT, Department of Accounting and Finance. |
Tran Xuan Ha |
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