GUIDANCE ON ENTERPRISE EQUITIZATION FROM JUNE 18, 2018
Guidelines on financial settlement and enterprise valuation upon equitization of state-owned enterprises and single-member limited liability companies 100% charter capital of which is held by state-owned enterprises are provided by the Ministry of Finance at the Circular No. 41/2018/TT-BTC dated May 04, 2018.
When determining enterprise valuation upon equitization, where it is found that the omission and misstatement of assets or liabilities of the equitized enterprise during the asset inventory and debt comparison is caused by subjective reasons, resulting in a decrease in the value of such enterprise and state capital, such equitized enterprise and relevant organizations and individuals must remit all the value of omitted assets or liabilities into the Business Arrangement and Development Support Funds.
The equitized enterprise must post the information on its website and send such information to E-Government Portal within 10 workings days from the day receiving decisions or documents of competent authorities on settlement of finance, labor and land.
Enterprises receiving the decision on publication of enterprise value or having their equitization plan approved before January 01, 2018 but not receiving the approval for land use plan from competent authorities must have their land use plan approved before the joint stock companies receive the initial business registration certificate.
This Circular takes effect on June 18, 2018.
