Circular No. 66/2002/TT-BTC dated August 6, 2002 of the Ministry of Finance guiding the order, procedures and financial handling upon dissolution of State enterprises

CIRCULAR

GUIDING THE ORDER, PROCEDURES AND FINANCIAL HANDLING UPON DISSOLUTION OF STATE ENTERPRISES

In furtherance of Article 15 of the Government’s Decree No. 50/CP of August 28, 1996 on the establishment, reorganization, dissolution and bankruptcy of State enterprises,

The Finance Ministry hereby guides the order, procedures and financial handling upon the dissolution of State enterprises as follows:

I. APPLICATION OBJECTS, SCOPE AND CONDITIONS

1. The objects of application of this Circular shall be State enterprises, including independent State enterprises, corporations, member enterprises of corporations operating under the State Enterprise Law (hereinafter referred to as enterprises), which belong to the subjects of consideration for dissolution.

2. The scope of consideration for dissolution declaration:

Enterprises shall be considered for dissolution in the following cases:

2.1. Upon the expiry of the business duration inscribed in the establishment decisions and the business registration certificates the enterprises do not apply for the extension thereof or are not allowed to extend.

2.2. The continued maintenance of the enterprises is not necessary under the planning, rearrangement and reorganization of enterprises of ministries, branches, localities or corporations.