| \r\n
| \r\n \r\n
| \r\n
| \r\n | \r\n \r\n | \r\n
Pursuant to Decree No. 87/2017/ND-CP dated\r\nJuly 26, 2017 of the Government on functions, tasks, powers, and organizational\r\nstructure of the Ministry of Finance;
Pursuant to Decree No. 34/2016/ND-CP dated\r\nmay 15, 2016 of Government elaborating the Law on Promulgation of Legislative\r\nDocuments;
Pursuant to Decree No. 154/2020/ND-CP dated\r\nDecember 31, 2020 of the Government on amendment to Decree No. 34/2016/ND-CP\r\ndated May 14, 2016 of the Government elaborating the Law on Promulgation of\r\nLegislative Documents;
Pursuant to Decree No. 99/2006/ND-CP dated\r\nSeptember 15, 2006 of the Government on inspection of implementation of\r\npolicies, strategies, planning, and plans;
Pursuant to Decision No. 2475/QD-BTC dated\r\nDecember 23, 2021 of the Minister of Finance approving the Plan for inspecting\r\ndocuments and List of legislative documents to be inspected of their\r\nimplementation in the year 2022;
...
...
...
Article 1.
Article 2.
Article 3.
\r\n DEPUTY MINISTER
\r\n
\r\n
\r\n
\r\n
\r\n Nguyen Duc Chi
...
...
...
1.
Review the application of Circular No.\r\n19/2003/TT-BTC dated March 20, 2003 of the Minister of Finance when the Law on\r\nEnterprises No. 59/2020/QH14 dated June 17, 2020 of the National Assembly and\r\nthe Law on Securities No. 54/2019/QH14 dated November 26, 2019 of the National\r\nAssembly have been promulgated, including relevant legislative documents, and\r\nclarify issues, drawbacks, complaints, compliance with this Circular during\r\nimplementation. Propose and implement solutions for Circular No. 19/2003/TT-BTC\r\nas per the law.
2.
- Inspection scope: Circular No.\r\n19/2003/TT-BTC.
- Inspecting entities: joint-stock\r\ncompanies (public companies and non-public companies).
3.
Inspect implementation of Circular No.\r\n19/2003/TT-BTC:
- Terminology.
- The Increase of charter capital:
...
...
...
+ Requirements for carrying surplus capital\r\nover to charter capital.
+ Amount of additional shares to be issued\r\nwhen increasing charter capital by paying dividends using shares or carrying\r\nsurplus capital over to charter capital.
+ The use of differences in price brought\r\nby re-evaluation of assets to increase charter capital (when government\r\npolicies are issued).
- The decrease of charter capital:
+ Cases where charter capital is decreased.\r\n
+Payment for shareholders.
- Management of treasury stocks in\r\njoint-stock companies:
+ Cases where joint-stock companies\r\nrepurchase shares.
+ Conditions for performing share\r\nrepurchase.
...
...
...
+ The purchase and sale of treasury stocks\r\nfor joint-stock companies that have applied to be publicly listed.
+ Cases where joint stock companies are not\r\nallowed to repurchase shares.
+ Joint stock companies not allowed to\r\nrepurchase shares.
+ Management and recording of treasury\r\nstocks.
- Deal with and record any increase\r\ncaused by sale, purchase of treasury stocks, any difference caused by issuance\r\nof additional shares greater than the face value; the case where treasury stock\r\nsale price is less than purchase price, sale price of additional shares is\r\nlower than the face value.
4.
From January 1, 2021 (effective date of the\r\nLaw on Enterprises in 2020 and the Law on Securities in 2019) until now.
5.
Entities shall inspect and approve self-inspection\r\nreports once inspection solutions are promulgated.
...
...
...
- In September, October, and November\r\nof 2022: Department of Corporate Finance shall send Official Dispatches\r\nrequesting entities to inspect, produce self-inspection reports, draft reports\r\non inspection results, and gather feedback of relevant entities.
- In December of 2022: Report\r\ninspection results to the Ministry.
7.
- Department of Corporate Finance is\r\nresponsible for:
+ guiding, requesting, encouraging entities\r\nto organize self-inspection in accordance with approved inspection solutions.
+ taking charge and cooperate with\r\nDepartment of Legal Affairs, State Securities Commission of Vietnam, and\r\nDepartment of Accounting and Auditing Regulations in consolidating, reporting\r\ninspection results, and sending request for solutions for arising issues to the\r\nMinistry.
- Department of Legal Affairs, State\r\nSecurities Commission of Vietnam, and Department of Accounting and Auditing\r\nRegulations are responsible or cooperating with Department of Corporate Finance\r\nin implementing the approved inspection solution.
- Entities affiliated to inspecting\r\nentities are responsible for organizing self-inspection in accordance with the\r\nguidelines, consolidate, and submit self-inspection results to Ministry of\r\nFinance (via Department of Corporate Finance).
![](\"00530521_files/image001.gif\")
...
...
...
1.
Department of Corporate Finance and\r\nMinistry of Finance (Department of Corporate Finance) are assigned to inspect\r\nthe implementation of Circular No. 19/2003/TT-BTC dated March 20, 2003 of the\r\nMinistry of Finance guiding increase, decrease of charter capital and\r\nmanagement of treasury stocks in joint-stock companies (hereinafter referred to\r\nas “Circular No. 19/2003/TT-BTC”).
In order to carry out this task, the\r\nDepartment of Corporate Finance shall inspect several joint stock companies\r\n(hereinafter referred to as “inspection participants”) in order to look into\r\nimplementation and application of Circular No. 19/2003/TT-BTC when the\r\ncompanies increase or decrease charter capital and manage treasury stocks.
2.
► Participants shall fill in\r\ninformation on their entities in Section 1. Information on inspection\r\nparticipants.
► Participants shall answer questions\r\nunder Section 2. Inspection contents.
► Regarding any other feedback and\r\ninformation, participants shall list under Section 3. Other additional\r\ninformation.
...
...
...
Once inspection form is complete,\r\nparticipants shall send to Department of Corporate Finance as follows:
► Mr./Mrs./Ms. Do Thi Hien - Tel.\r\n0941924158 (soft copies are to be sent to [email protected]; physical copies\r\nare to be sent to Department of Corporate Finance - Ministry of Finance (at 28\r\nTran Hung Dao, Hoan Kiem, Hanoi)).
Deadline for submission: ……………………………………………\r\n(dd/mm/yyyy).
Heads of Department of Corporate Finance -\r\nMinistry of Finance would like to send their regards.
SECTION 1 - INFORMATION ON INSPECTION\r\nPARTICIPANT
Employer: …………………………………………………………………………
Address: ……………………………………………………………..…………………
Contact information:
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
SECTION 2 - INSPECTION CONTENTS
A. General information
The questionnaire consists of 5 main\r\ncategories:
I. Terminology.
II. Issues relating to the increase of charter\r\ncapital.
...
...
...
IV. Issues relating to management of\r\ntreasury stocks.
V. Other issues.
B. Detail inspection contents:
I. Issues relating to terminology (the use\r\nof definition of the terminology).
Questions to enterprise:
a. The term: “Shareholders’ capital at a\r\ntime”.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
...
...
...
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
c. The term: “Enterprise managers”.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
d. The term: “Bonds converted into shares”.\r\n
□ Comply with Circular No.\r\n19/2003/TT-BTC.
...
...
...
…………………………………………………………………………………………………………
dd. The term: “Payment of dividends in form\r\nof stocks”.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
Other feedback/comments:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
...
...
...
Questions to enterprise:
a. Cases where charter capital is\r\nincreased.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
...
...
...
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
c. Amount of additional shares to be issued\r\nwhen increasing charter capital by paying dividends using shares or carrying\r\nsurplus capital over to charter capital.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
...
...
...
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
d. The use of differences in price brought\r\nby re-evaluation of assets to increase charter capital (when government\r\npolicies are issued).
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
III. Issues relating to the decrease of\r\ncharter capital.
Questions to enterprise:
a. Cases where charter capital is\r\ndecreased.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
b. Payment for shareholders in case of a\r\ndecrease in charter capital.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
IV. Issues relating to management of\r\ntreasury stocks.
Questions to enterprise:
a. Cases where joint-stock companies\r\nrepurchase shares.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
b. Conditions for performing share\r\nrepurchase.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
...
...
...
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
d. The purchase and sale of treasury stocks\r\nfor joint-stock companies that have applied to be publicly listed.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
...
...
...
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
dd. Cases where joint stock companies are\r\nnot allowed to repurchase shares.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
e. Joint stock companies not allowed to\r\nrepurchase shares.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
f. Management and recording of treasury\r\nstocks.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
...
...
...
a. Dealing with and recording any increase\r\ncaused by sale, purchase of treasury stocks, any difference caused by issuance\r\nof additional shares greater than the face value.
□ Comply with Circular No.\r\n19/2003/TT-BTC.
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
b. Dealing with and recording the case\r\nwhere treasury stock sale price is less than purchase price, sale price of\r\nadditional shares is lower than the face value
...
...
...
□ Comply with other documents (specify\r\nthe documents).
…………………………………………………………………………………………………………
Practical example:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
SECTION 3 - OTHER FEEDBACK
Participants shall raise issues that have\r\nnot been mentioned under Section 2 here.
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
GENERAL FEEDBACK:
□ Annul Circular No. 19/2003/TT-BTC\r\ndue its contents being prescribed by other legislative documents.
Specify the legislative documents:
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
...
...
...
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
"File gốc của Decision No. 1914/QD-BTC dated September 16, 2022 on solution for inspecting implementation of Circular No. 19/2003/TT-BTC guiding increase and decrease of charter capital and management of treasury stocks in joint-stock companies đang được cập nhật.
Decision No. 1914/QD-BTC dated September 16, 2022 on solution for inspecting implementation of Circular No. 19/2003/TT-BTC guiding increase and decrease of charter capital and management of treasury stocks in joint-stock companies
Tóm tắt
| Cơ quan ban hành | Bộ Tài chính |
| Số hiệu | 1914/QD-BTC |
| Loại văn bản | Quyết định |
| Người ký | Nguyễn Đức Chi |
| Ngày ban hành | 2022-09-16 |
| Ngày hiệu lực | 2022-09-16 |
| Lĩnh vực | Doanh nghiệp |
| Tình trạng | Còn hiệu lực |