Responsibilities of the Debt Trading Company

17:49, 11/07/2024

To effectively implement the policy on the equitization of state-owned enterprises, the Ministry of Finance recently issued Circular 69/2018/TT-BTC to replace Circular 194/2013/TT-BTC, providing guidelines for restructuring state-owned enterprises that do not meet the conditions for equitization as stipulated in Decree 126/2017/ND-CP.

The debt purchasing company, when participating in the restructuring of state-owned enterprises, has the following responsibilities:

- To reach an agreement with the representative body of the owner and the restructuring enterprise before deciding to purchase the debt from credit institutions and other creditors.- To appoint officers to join the Steering Committee for equitization/restructuring and the working group to implement the restructuring plan.- To execute financial processing according to the restructuring plan approved by the representative body of the owner, in line with the company's functions, duties, authorities, and legal regulations.- To coordinate with the enterprise in the process of organizing and implementing the restructuring plan. In case of arising difficulties or obstacles, report to the competent authority for consideration and resolution.- To appoint a representative for the company's contributed capital portion in the restructuring enterprise as regulated.- To be responsible for compliance with the regulations in Circular 69 and related guiding documents.

See more Circular 69/2018/TT-BTC effective from October 1, 2018.

- Thanh Lam -

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