Chapter VI
FINANCE, ACCOUNTING, REPORTING AND INFORMATION AND CONFIDENTIALITY
Article 51.- Charter capital
1. The charter capital of a local People’s Credit Fund is the total capital amount contributed by its members and recorded in its Charter, at least being equal to the legal capital level set by the Government. The minimum and maximum capital level for a member shall be decided by the members’ congress according to the regulations of the State Bank.
2. The charter capital of the central People’s Credit Fund is the total capital amount contributed by its members and recorded in its Charter, at least being equal to the legal capital level set by the Government.
The Government’s support capital for the People’s Credit Fund system shall be accounted into the charter capital of the central People’s Credit Fund; the Government assigns the State Bank to manage this capital amount.
Article 52.- Financial revenue and expenditure and various funds
1. The People’s Credit Funds observe the regime of financial revenue and expenditure prescribed by law. The Finance Minister shall guide the application of the financial regime to the People’s Credit Funds to suit the form of cooperative economy.
2. Annually, the People’s Credit Funds must deduct part of their after-tax profits for setting up and maintaining various funds according to the provisions of law.
Article 53.- Fiscal year
The fiscal year of the People’s Credit Funds commences on January 1 and ends on December 31 of the calendar year.
Article 54.- Accounting
The People’s Credit Funds must conduct accounting according to the book-keeping account system and voucher regime as provided for by the legislation on accounting, statistics and the guidance of the State Bank.
Article 55.- Purchase of, investment in, fixed assets
The People’s Credit Funds may purchase and/or invest in fixed assets used directly for professional activities at the rates prescribed by the State Bank Government, which, however, must not exceed 50% of their own capital.
Article 56.- Reporting
1. The People’s Credit Funds must observe the regime of financial reporting according to the law provisions on accounting, statistics and periodically reporting on their professional activities according to the regulations of the State Bank Governor.
2. Apart from the periodical reports, the People’s Credit Funds have the responsibility to immediately report to the State Bank on the following cases where:
a) Overdue debts exceed the prescribed percentages and tend to rise;
b) Members withdraw their capitals which represent more than 30% of the charter capital or the capital withdrawal by members makes the charter capital of the People’s Credit Fund lower than the legal capital;
c) Customers withdraw their deposits which represent more than 30% of the total deposit balance, making the People’s Credit Fund in the danger of losing its solvency;
d) Other abnormal developments in organization and/or operation, which may seriously affect the operation situation of the People’s Credit Fund.
3. Within 90 days as from the end of the fiscal year, the People’s Credit Funds must send to the State Bank their annual reports as provided for by law.
Article 57.- Information and confidentiality
The People’s Credit Funds must strictly observe the regime of information for account holders, information exchange between credit institutions, information exchange between the State Bank and credit institutions, and banking information confidentiality according to the regulations of the State Bank and other provisions of law.
Tìm kiếm
Nghị định 48/2001/NĐ-CP (Bản Word)