Regulations on the Preparation of Minutes for Asset Inventory of Commercial Legal Entities

Based on Article 30 of Decree 44/2020/ND-CP (Effective from June 01, 2020) which provides regulations on the minutes of asset inventory as follows:

- The asset inventory must be recorded in minutes. The minutes must clearly state: the time and place where the asset inventory is conducted; the competent criminal judgment enforcement agency presiding over the inventory; the legal representative of the commercial entity whose assets are inventoried, the organization, individual whose assets are inventoried, or their legal representative; witnesses; the representative of the local authority where the assets are inventoried; description of the name, condition, and characteristics of each inventoried asset.

- The representative of the competent criminal judgment enforcement agency, the legal representative of the commercial entity, organization, individual whose assets are inventoried, or their legal representative, the representative of the local authority, and witnesses sign the minutes. In case someone is absent or present but refuses to sign the minutes, this must be recorded in the minutes and the reason must be stated.

- The minutes of inventory are to be made in two copies of equal value, the competent criminal judgment enforcement agency issuing the enforcement decision keeps one copy, and one copy is given to the legal representative of the commercial entity.

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