Chương 10 Luật Doanh nghiệp 1999: Điều khoản thi hành

Chapter X

IMPLEMENTATION PROVISIONS

Article 122.- Effectiveness

1. This Law shall take effect as from January 1st 2000.

2. This Law shall replace the Law on Companies, the Law on Private Enterprises of December 21, 1990, the Law on Amendments and Supplements to a Number of Articles of the Law on Companies, and the Law on Amendments and Supplements to a Number of Articles of the Law on Private Enterprises of June 22, 1994.

3. All previous provisions which are contrary to this Law are hereby annulled.

Article 123.- Application to enterprises established prior to the effective date of this Law

1. Limited liability companies, joint-stock companies and private enterprises established under the Law on Companies, the Law on Private Enterprises of December 21, 1990, the Law on Amendments and Supplements to A Number of Articles of the Law on Companies and the Law on Amendments and Supplements to A Number of Articles of the Law on Private Enterprises of June 22, 1994 shall not have to carry out the procedures for business re-registration.

Limited liability companies and joint-stock companies whose charters are not in accordance with this Law must amend or supplement their charters within two years from the date this Law takes effect. Where charters of companies are not amended or supplemented within this time-limit, such charters shall be considered invalid.

2. The Government shall guide and create favorable conditions for large-scale business households operating under Decree No. 66/HDBT March 2, 1992 of the Council of Ministers to convert themselves into enterprises, register business and operate in accordance with this Law.

Small-scale individual business households shall register business and operate under regulations of the Government.

Article 124.- Guiding the implementation

The Government shall detail and guide the implementation of this Law.