Accordingly, based on the inspection results of the State Bank and at the request of Inspector Agency, the banking inspector of the State Bank’s branches in the provinces and centrally-run cities (State Bank’s branch) or Special Control Board to have special control, request the owner of credit institutions placed under special control to implement the raising of charter capital to ensure the actual value of charter capital that is not lower than the legal capital, to ensure the safety ratio for operation according to the Law in a specific period; or to request the owner of credit institutions placed under special control to build and report to the State Bank for approving the restructuring plan or merger and acquisition plan with other credit institutions in the case that credit institution placed under special control is incapable of raising the charter capital as requested and in the period determined by the State Bank;
Also according to this Circular, the information on special control for credit institution shall be published including information on measures to improve and adjust credit institution placed under special control which is approved by the relevant authorities. The information on special control for credit institutions shall be published in central newspaper or local newspaper; press conference; website of credit institutions; shareholder meeting.
This Circular takes effect on April 27, 2013 and replaces the Circular 08/2010/TT-NHNN dated March 22, 2010 and the Decision No. 92/2001/QD-NHNN dated February 08, 2001.
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