02 cases of handling assets received when converting state-owned enterprises

02 cases of handling assets received when converting state-owned enterprises
Bao Ngoc

On February 9, 2022, the Ministry of Finance issued Circular 07/2022/TT-BTC guiding the handover, receipt and handling of debts and excluding assets when converting ownership of enterprises, legal entities. public enterprises and as designated by the Government and the Prime Minister.

Accordingly, some cases of handling of property received when converting state-owned enterprises are as follows:

- In case the asset auction fails, the Debt Trading Company adjusts the starting price according to regulations to continue the auction.

The maximum reduction is not more than 10% of the starting price of the previous unsuccessful auction.

(Compared to the current regulations, the provision is removed that in case an organization or individual registers to buy an agreement with the starting price of the latest unsuccessful auction, the Debt Trading Company decides to sell the agreement. from time to time, additional regulations stipulate that the maximum reduction is not more than 10%)

- For assets with no recoverable value, assets that need to be destroyed or dismantled, the Debt Trading Company shall coordinate with the enterprise in organizing the destruction, dismantling or hiring an outside organization to perform the destruction, dismantling.

Circular 07/2022/TT-BTC takes effect from April 1, 2022 and replaces Circular 55/2019/TT-BTC .

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