Revised Enterprise Law goes through National Assembly

The National Assembly approved the Law on Enterprises (revised) with 90.68 percent of votes in the morning of June 17.
Revised Enterprise Law goes through National Assembly ảnh 1At the meeting (Photo: VNA)
Hanoi (VNA) – The National Assembly approved the Law on Enterprises (revised) with90.68 percent of votes in the morning of June 17.

The new lawwith 10 chapters and 219 articles does not cover business households, whichwill be regulated in a separate law.

It will takeeffect on January 1, 2021, regulating the establishment, organisation, restructuring,dissolution and relevant activities of enterprises, including limited liabilitycompanies, joint stock companies, partnerships, private companies and groups ofenterprises.

The lawstipulates that State-owned enterprises are those in which the State holds 100percent of charter capital, and those in which the State holds more than 50percent of charter capital or voting shares.

Before votingon the entire revised bill, NA deputies adopted Article 88 on State-ownedenterprises, Article 115 on rights of common shareholders and Article 128 onoffer for sale of shares in the bill./.
VNA

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