Chương III Nghị định 50/CP: Điều khoản thi hành

III. IMPLEMENTATION PROVISIONS

Article 17.- Objects of application.

1. This Decree shall apply to the State enterprises defined in Article 1 and Article 2 of the Law on State enterprises.

2. The order, procedure of establishment and forms of the enterprises’ managerial and executive organization shall be implemented in accordance with the Corporate Law by the State enterprises which contribute to the statutory capital.

Article 18.- Effective time and guidance for implementation.

1. This Decree takes effect from the date of its signing for promulgation and replaces Decree No.388-HDBT of November 20, 1991 of the Council of Ministers promulgating the regulation on the establishment and dissolution of State enterprises. Decisions No.315-HDBT of September 1st, 1990 of the Council of Ministers on strengthening and reorganizing the production and business in the public economic sector, No.330-HDBT of October 23, of 1991 of the Council of Ministers amending and supplementing Decision No.315-HDBT of September 1st, 1990 of the Council of Ministers shall cease to be effective from that date.

The approval of the plans for the reorganization and rearrangement of State enterprises, the implementation of the plans for the reorganization and rearrangement of State enterprises, which were approved by the Prime Minister in his Directive No.500-TTG of August 25, 1995, must be completed not later than December 31, 1996. After this date, those State enterprises which have not been rearranged according to Directive No.500-TTg must implement the reorganization and rearrangement in accordance with the provisions of this Decree.

The previous provisions contrary to this Decree are now annulled.

2. The Ministry of Finance shall preside over and coordinate with the Ministry of Planning and Investment and other concerned State agencies in providing detailed guidance not later than the end of the third quarter of 1996 on the order, procedure and measures of dissolving State enterprises, the setting up and regulations on the operation of the dissolution council.

3. The Ministry of Planning and Investment, the Ministry of Finance and other concerned Ministries, ministerial-level agencies, agencies attached to the Government shall guide the implementation of this Decree.

4. The Ministers, the Heads of the ministerial-level agencies, the Heads of the agencies attached to the Central Government, the Presidents of the People�s Committees of the provinces and the cities directly under the Central Government, the Managing Boards of the State Corporations and State enterprises, the General Directors and Directors of State enterprises shall have to implement this Decree.