Dissolution of company in case company is revoked Business registration certificate or under decision of Court

a) Implementation order:

·               Business registration agency must notify the status of company carrying out dissolution procedures on the National information portal of enterprise registration and make a decision on revocation of the enterprise registration certificate or immediately after receiving a decision on dissolution of the Court. Together with the notice, the Business registration agency has to upload the decision on revocation of the enterprise registration certificate or the decision on dissolution of the Court.

·               Within 10 days from the date of receiving the decision on revocation of the enterprise registration certificate or the decision on dissolution of the Court, the company must convene a meeting to decide on the dissolution. upload the decision on revocation of the enterprise registration certificate or the decision on dissolution of the Court must be sent to the business registration agency, tax authorities, employees of the company and must be publicly posted at the head office and branches of the company. In case of requirements of the law, the decision on dissolution of the company must be published in at least one newspaper or electronic newspaper in three consecutive issues

·               In case of the company with unpaid financial obligations, the company must enclose the decision on dissolution, plans for settlement of debts to creditors, those whose  rights and obligations relating. In the notice, full name, address of the creditor; debts, duration, location and method of payment of such debts; the method and time limit for resolution of complaints by creditors

·               Legal representative of the company sends request for dissolution for the Business registration agency within 05 working days from the date of payment of all debts of the business.

·               After a period of 180 days from the date of receiving the the decision on dissolution in accordance with Clause 3 of this article without getting opinions on the dissolution of the company or the objections of parties concerned in writing or within 05 working days from the date of receiving the dissolution documents, the business registration agency updates the legal status of the company on the national database of enterprise registration.

b) Implementation method: Authorized representative submits the documents defined in the business registration office where the company has registered the head office.

c) Documents, including:

·                Decision on dissolution

·                A valid copy of the decision on revocation of the enterprise registration certificate or the decision on dissolution of the Court;

·                Report on the company's asset liquidation; a list of creditors and debts paid,  including payment of all debts of tax, social insurance and employees after the decision to dissolve the enterprise (if any);

·                Plans for settlement of debts to creditors, those whose  rights and obligations relating;

·                Seal and seal specimen certificate (if any);

·                Enterprise registration certificate.

d) Number of documents: 01 set.

đ) Time limit for settlement: After a period of 180 (one hundred eighty) days from the date of the notice on the status of dissolution without getting objections of parties concerned or within 05 (five) working days, after receipt of full valid documents.

e) Implementing agency: Business Registration Office - Department of Planning and Investment.

g) Subjects of administrative procedures: Individuals, organizations.

h) Results of administrative procedures: Notice on dissolution of the company/Notice on termination of existence of the company. giải thể/chấm dứt tồn tại.

i) Fees:

k) Name of form, declaration:

l) Requirements and conditions for procedure implementation: The company will be dissolved when when it ensures payment of all debts and other property obligations and is not now in the process of settling disputes in Court or arbitration body

m) Legal basis of administrative procedures:

·        The Enterprise Law of the Assembly of the Socialist Republic of Vietnam No. 68/2014/QH13 dated 26/11/2014 (The Enterprise Law);

·        Decree No. 78/2015/ND-CP dated 14/9/2015 of the Government on enterprise registration (Decree No. 78/2015/ND-CP);

·        Circular No. 20/2015/TT-BKHDT dated 01/12/2015 of the Ministry of Planning and Investment guiding the enterprise registration (Circular No. 20/2015/TT-BKHDT);