Guidelines for Preparing Documentation and Disclosing Information on the State Capital Transfer

17:31, 11/07/2024

Recently, the Ministry of Finance issued Circular 59/2018/TT-BTC amending and supplementing Circular 219/2015/TT-BTC on the investment of State capital in enterprises and the management and use of capital and assets in enterprises.

According to Circular 59, the preparation of dossiers and disclosure of information on the transfer of state capital and state enterprise capital shall be carried out in accordance with the provisions of Decree 32/2018/ND-CP and the following guidelines:

- In cases where state capital or state enterprise capital is transferred at listed joint-stock companies or those registered for trading on the stock market by the matching order method, the capital transferor shall disclose information in accordance with the provisions in Clauses 13 and 16, Article 1 of Decree 32/2018/ND-CP.- In cases where state capital or state enterprise capital is transferred at enterprises specified in Clauses 13 and 16, Article 1 of Decree 32/2018/ND-CP by public auction, the capital transferor shall prepare a public auction dossier as prescribed.- In cases where state capital or state enterprise capital is transferred at joint stock companies that are public companies, after completing the transfer, the representative agency/state enterprise transferring the capital shall disclose changes in shareholder information.

Circular 59/2018/TT-BTC is effective from September 1, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn