In the Process of Dissolution, Divided, Merged, or Incorporated: What Does it Mean?

Pursuant to the provisions specified in Clause 4, Article 41 of Decree 01/2021/ND-CP:

“In the process of dissolution, being divided, merged, consolidated” is the legal status of an enterprise that has adopted a resolution or decision for dissolution in accordance with Clause 3, Article 208 of the Law on Enterprises; enterprises that have had their Certificate of Enterprise Registration revoked by the Business Registration Office, except for cases where enterprises are revoked due to tax administration enforcement; enterprises dissolved under the decision of the Court as per Clause 1, Article 209 of the Law on Enterprises; enterprises that have been divided, merged, or consolidated and are in the process of finalizing and transferring tax obligations with the Tax Authority due to being divided, merged, or consolidated. The time to determine the change in legal status “In the process of dissolution, being divided, merged, consolidated” is the point in time when the Business Registration Office announces the status of the enterprise undergoing dissolution procedures on the national business registration portal; the divided company, the consolidated company, and the receiving merged company are granted enterprise registration based on the division, consolidation, and merger of companies.

Respectfully!