03 Cases in which Business Certificates for Sports Activities are Revoked

Decree 106/2016/ND-CP stipulates that an enterprise will have its Certificate of Eligibility for Sports Business Activities revoked under any of the following circumstances:

- Providing misleading information in the application file for the Certificate of Eligibility;- Ceasing sports business activities;- Other cases as prescribed by law.

According to Decree 106/2016/ND-CP, the revocation of the Certificate of Eligibility will be carried out as follows:

- In the case of providing misleading information:- The authority issuing the Certificate of Eligibility will issue a Decision to revoke the Certificate of Eligibility; notify the revocation decision to relevant agencies for coordinated implementation.- The enterprise must return the issued Certificate of Eligibility and immediately cease all sports business activities as soon as the revocation decision takes effect.- In the case of ceasing business activities:- Within 03 business days from the cessation of sports business activities, the enterprise is responsible for returning the Certificate of Eligibility to the issuing authority.- Within 03 business days from the date of receiving the returned Certificate of Eligibility, the issuing authority will issue a revocation Decision; notify the revocation decision to relevant agencies for coordinated implementation.

More details can be found in Decree 106/2016/ND-CP, effective from July 1, 2016.

- Thanh Lam -

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