Chapter IV
FINANCE, COST-ACCOUNTING AND REPORTING
Article 83.- Legal capital
The level of the legal capital of each type of credit institution shall be stipulated by the Government.
Article 84.- Financial revenue and expenditure
1. Financial revenues and expenditures of credit institutions shall comply with the provisions of law.
2. The Minister of Finance shall guide and supervise the implementation of the financial regime by credit institutions in accordance with the provisions of law.
Article 85.- Fiscal year
The fiscal year of a credit institution starts on January 1st and ends on December 31 of the calendar year.
Article 86.- Cost-accounting
Credit institutions shall have to apply cost-accounting according to the system of accounts and regulations on vouchers in accordance with the provisions of the legislation on accounting and statistics.
Article 87.- Funds
1. Annually, credit institutions shall have to deduct part of their after-tax profits to set up and maintain the following funds:
a/ The reserve fund for the statutory capital that is set up from a 5% deduction of after-tax profits. The maximum level of this fund shall be stipulated by the Government;
b/ Other funds as prescribed by law.
2. Credit institutions shall not be allowed to use the funds prescribed in Clause 1 of this Article to pay share dividends.
Article 88.- Purchase of and investment in fixed assets
A credit institution may purchase and invest in its fixed assets by not more than 50% of its own capital.
Article 89.- Reporting
1. Credit institutions shall have to comply with the regulations on financial reporting in accordance with the provisions of legislation on accounting and statistics and regular reporting on their operations in accordance with the regulations of the Governor of the State Bank.
2. Apart from regular reports, credit institutions shall have to promptly report to the Governor of the State Bank in the following cases:
a/ Irregular developments in the professional operations which may seriously affect their business situation;
b/ Substantial changes in the organizational structure.
3. Within 90 days from the end of the fiscal year, credit institutions shall have to submit annual reports to the State Bank in accordance with the provisions of law.
Article 90.- Making public financial reports
Within 120 days from the end of the fiscal year, credit institutions shall to make public their financial reports in accordance with the provisions of law
Tìm kiếm
Luật tổ chức tín dụng 1997 (Bản Word)