Circular No.59/2018/TT-BTC decreases in state capital in state-owned enterprises

Circular No.59/2018/TT-BTC decreases in state capital in state-owned enterprises 07/11/2018 09:45:00 66

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Circular No.59/2018/TT-BTC  amends Circular No.219/2015/TT-BTC on investment of state capital in enterprises and management and use of capital and assets in enterprises.

According to the Circular, operating state-enterprises shall make a reduction in their state capital in the following cases:

- The representative agency which exercise rights and obligations of the state capital owner on behalf of the state in the enterprise shall determine the reduction in the amount of charter capital and send reports to the Prime Minister for settling the amount of charter capital being reduced according to real conditions of such enterprise and demand for reducing operational scale;

- The state capital in the enterprise is restructured in the form of partial division as prescribed in Point d Clause 2 Article 19 of Decree No.91/2015/ND-CP dated October 13, 2015;

-  Adjusted charter capital of state enterprises shall remain unchanged for at least 3 years from the day on which the decision on charter capital approval is issued.

Circular No.59/2018/TT-BTC comes into force from September 01, 2018.