Principles of Transferring State Ownership Representation Rights at Enterprises

17:29, 11/07/2024

This is one of the provisions stipulated in Circular 83/2018/TT-BTC guiding the transfer of the state's ownership representation rights at the State Capital Investment Corporation, issued on August 30, 2018.

The transfer of the state's ownership representation rights in enterprises must adhere to the following principles:

First, the transfer of the state's ownership representation rights in enterprises to SCIC must ensure the principles of openness, transparency, succession, no impact on the enterprise's production and business activities, and coordination between relevant parties to jointly address arising issues during and after the transfer as prescribed by law.

Second, the organization of the transfer is carried out for each enterprise according to the provisions of the law and the guidelines in this Circular.

Third, in case after the transfer, if the data in the Transfer Dossier changes, the relevant parties as specified in Article 6 of this Circular shall coordinate to clarify the reasons, propose solutions, and adjust the officially transferred data.

Fourth, SCIC shall only accept the state's ownership representation rights in enterprises subject to transfer of the state's ownership representation rights to SCIC as stipulated in Article 3 of this Circular and with owner's equity remaining on the latest annual or quarterly financial statements (the value of owner's equity at code 410 on the balance sheet being greater than 0) at the time of transfer.

These provisions are stipulated in Article 4 of Circular 83/2018/TT-BTC, effective October 15, 2018.

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