Decree No. 63/2001/ND-CP dated September 14, 2001 of the Government on converting state enterprises, enterprises of political organizations or socio-political organizations into one-member limited liability companies

THE GOVERNMENT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------
No: 63/2001/ND-CP	Hanoi, September 14, 2001

DECREE

ON CONVERTING STATE ENTERPRISES, ENTERPRISES OF POLITICAL ORGANIZATIONS OR SOCIO-POLITICAL ORGANIZATIONS INTO ONE-MEMBER LIMITED LIABILITY COMPANIES

THE GOVERNMENT

Pursuant to the September 30, 1992 Law on Organization of the Government;

Pursuant to the June 12, 1999 Enterprises Law No. 13/1999/QH10;

At the proposal of the Minister of Planning and Investment,

DECREES:

Chapter I

GENERAL PROVISIONS

Article 1.- Scope of regulation and objects of application

1. This Decree prescribes order and procedures for the conversion of State enterprises, enterprises of political organizations or socio-political organizations into one-member limited liability companies, and the organization of management of one-member limited liability companies.

2. State enterprises, enterprises of political organizations or socio-political organizations that fully meet the following conditions may be converted into one-member limited liability companies and operate under the Enterprises Law:

a/ Being business enterprises with 100% of their charter capital held by the State, political organizations or socio-political organizations;

b/ Not being subject to the assignment, sale, business contracting, lease, dissolution or bankruptcy of enterprises or not falling under the equitization plan.