Vietnam: When shall the social/charity fund establish its affiliated legal entity?

09:54, 13/04/2013

This is a notable content specified in Circular No. 02/2013/TT-BNV of the Ministry of Home Affairs of Vietnam detailing and guiding implementation of a number of articles of Decree No. 30/2012/ND-CP on organization and operation of social funds and charity funds.

According to Article 3 of Circular No. 02/2013/TT-BNV of the Ministry of Home Affairs of Vietnam, when a fund has demand and is eligible for establishment of its affiliated legal entities operating in fields conformable with fund’s charter recognized by competent state management agencies and law has specified conditions, procedures, orders, dossier and agencies competent to license for operation (certificate of operation registration, business permit or other form), the fund may decide on establishment of legal entity and notify the competent state management agencies specified in Article 16 of Decree No. 30/2012/ND-CP of Vietnam’s Government.

thanh lap phap nhan thuoc quy xa hoi, quy tu thien, Thong tu 02/2013/TT-BNV

Content of the notice includes:

- Name of legal entity;

- Address of legal entity’s head office;

- Operational scope and fields of legal entity;

- Full name, permanent residence of legal representative of legal entity;

- Decision on establishment of legal entity (original);

- Copies of documents: Regulation or provisions on organization, operation of legal entity; decision on appointment of the head of legal entity; operational permit issued by competent state agencies (if any).

View full text in Circular No. 02/2013/TT-BNV of the Ministry of Home Affairs of Vietnam, which takes effect from June 01, 2013.

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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