How to Split and Separate a Social Enterprise?

Article 6 Decree 47/2021/ND-CP regulating the division, separation of social enterprises is as follows:

1. Social enterprises carry out the division, separation of enterprises; consolidation, merger with social enterprises or other enterprises in accordance with the relevant provisions of the Law on Enterprises.

2. In the event of termination of social, environmental objectives before the committed deadline and dissolution of the social enterprise, the remaining balance of assets or finances related to the assets and finances that the social enterprise has received must be returned to the individuals, agencies, organizations that provided aid, sponsorship; transferred to other social enterprises, organizations with similar social objectives, or transferred to the State as prescribed by the Civil Code.

3. The dossiers, order, and procedures for the division, separation, consolidation, merger, and dissolution of social enterprises shall be carried out in accordance with the Law on Enterprises and regulations of the Government of Vietnam on enterprise registration.

Respectfully!