Tóm tắt Quyết định số 100/2007/QĐ-BTC - Quy chế lựa chọn và giám sát tổ chức tư vấn định giá (Điều 1 - Điều 4)
Quyết định số 100/2007/QĐ-BTC do Bộ Tài chính ban hành ngày 06 tháng 12 năm 2007 quy định chi tiết về việc lựa chọn và giám sát các tổ chức tư vấn định giá. Dưới đây là phân tích chi tiết nội dung cốt lõi từ Điều 1 đến Điều 4 của Quy chế ban hành kèm theo Quyết định này:
Điều 1: Phạm vi điều chỉnh
Điều khoản này xác định rõ giới hạn pháp lý và phạm vi áp dụng của Quy chế, cụ thể:
- Quy chế này quy định nguyên tắc, điều kiện, quy trình thủ tục lựa chọn và hoạt động giám sát đối với các tổ chức tư vấn định giá khi thực hiện xác định giá trị doanh nghiệp 100% vốn nhà nước để cổ phần hóa.
- Áp dụng đối với các trường hợp lựa chọn tổ chức tư vấn định giá tài sản, vốn nhà nước tại các doanh nghiệp khác theo yêu cầu của cơ quan nhà nước có thẩm quyền.
- Xác lập hành lang pháp lý nhằm đảm bảo tính minh bạch, khách quan trong hoạt động định giá tài sản công và doanh nghiệp nhà nước trước khi chuyển đổi sở hữu.
Điều 2: Đối tượng áp dụng
Quy chế quy định rõ ràng các nhóm đối tượng chịu sự tác động trực tiếp bao gồm:
- Các doanh nghiệp nhà nước thực hiện cổ phần hóa (bao gồm cả các công ty mẹ của tập đoàn kinh tế, tổng công ty nhà nước, công ty mẹ trong mô hình công ty mẹ - công ty con).
- Các tổ chức tư vấn định giá trong nước và nước ngoài hoạt động hợp pháp tại Việt Nam có đủ năng lực và điều kiện cung cấp dịch vụ xác định giá trị doanh nghiệp.
- Các cơ quan quyết định cổ phần hóa, Ban chỉ đạo cổ phần hóa doanh nghiệp và các cơ quan quản lý nhà nước có liên quan đến việc giám sát, kiểm tra hoạt động định giá.
Điều 3: Nguyên tắc lựa chọn tổ chức tư vấn định giá
Để đảm bảo chất lượng của kết quả định giá, việc lựa chọn tổ chức tư vấn phải tuân thủ các nguyên tắc nghiêm ngặt sau:
- Nguyên tắc độc lập, khách quan: Tổ chức tư vấn định giá được lựa chọn không được có quan hệ lợi ích, quan hệ sở hữu hoặc các mối quan hệ gia đình, kinh tế khác có khả năng làm ảnh hưởng đến tính độc lập của kết quả định giá đối với doanh nghiệp được định giá.
- Nguyên tắc cạnh tranh và công khai: Việc lựa chọn phải được thực hiện thông qua hình thức đấu thầu hoặc chào hàng cạnh tranh công khai, minh bạch nhằm chọn được tổ chức có năng lực tốt nhất với chi phí hợp lý nhất.
- Nguyên tắc năng lực và kinh nghiệm: Ưu tiên lựa chọn các tổ chức tư vấn có uy tín, có đội ngũ thẩm định viên về giá có trình độ chuyên môn cao, có kinh nghiệm thực tế trong lĩnh vực định giá doanh nghiệp và tài sản quy mô tương đương.
Điều 4: Nguyên tắc giám sát hoạt động tư vấn định giá
Công tác giám sát được thực hiện nhằm bảo vệ lợi ích của Nhà nước và các bên liên quan, tuân thủ các nguyên tắc chủ đạo:
- Giám sát toàn diện và liên tục: Quá trình giám sát phải được thực hiện từ khi bắt đầu triển khai hợp đồng tư vấn cho đến khi kết quả định giá được cơ quan có thẩm quyền phê duyệt.
- Tuân thủ chuẩn mực và pháp luật: Giám sát việc tuân thủ các tiêu chuẩn, phương pháp định giá quy định tại Hệ thống chuẩn mực thẩm định giá Việt Nam và các quy định pháp luật liên quan về tài chính, kế toán.
- Phối hợp chặt chẽ: Đảm bảo sự phối hợp đồng bộ giữa Ban chỉ đạo cổ phần hóa, doanh nghiệp cổ phần hóa và cơ quan đại diện chủ sở hữu trong việc theo dõi, đôn đốc và kiểm tra tiến độ, chất lượng công việc của tổ chức tư vấn.
- Xử lý kịp thời sai phạm: Phát hiện và xử lý nghiêm các hành vi vi phạm quy trình, gian lận kết quả hoặc thiếu trách nhiệm gây thất thoát tài sản nhà nước trong quá trình định giá.
| THE MINISTRY OF FINANCE | SOCIALIST REPUBLIC OF VIET NAM |
| No. 100/2007/QD-BTC | Hanoi, December 6, 2007 |
REGULATIONS ON SELECTION AND SUPERVISION OF VALUATION CONSULTANCY ORGANIZATIONS
THE MINISTER OF FINANCE
Pursuant to Decree 109/2007/ND-CP of the Government dated 26 June 2007 on conversion of enterprises with 100% State owned capital into shareholding companies;
Pursuant to Decree 101/2005/ND-CP of the Government dated 3 August 2005 on price appraisal;
Pursuant to Decree 77/2003/ND-CP of the Government dated 1 July 2003 on functions, duties, powers and organizational structure of the Ministry of Finance;
On the proposal of the Director of the Department of Finance for Banks and Finance Institutions;
DECIDES:
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Article 2. This Decision shall be of full force and effect after fifteen (15) days from the date of its publication in the Official Gazette.
Article 3. The Director of the Department of Finance for Banks and Finance Institutions, the Director of the Enterprise Finance Division, the Head of the Office of the Ministry, heads of relevant entities and directors of valuation consultancy organizations shall be responsible for implementation of this Decision.
FOR THE MINISTER OF FINANCE
DEPUTY MINISTER
Tran Xuan Ha
ON SELECTION AND SUPERVISION OF VALUATION CONSULTANCY ORGANIZATIONS
(Issued with Decision 100-2007-QD-BTC of the Minister of Finance dated 6 December 2007)
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Other enterprises requesting enterprise valuations may select valuers in accordance with these Regulations.
Article 2. Valuer means an organization which satisfies all the standards and conditions and which is licensed [or which has permission] to provide enterprise valuation services, and shall include auditing companies, securities companies, price appraisal enterprises, and domestic and foreign investment banks with the capability to provide enterprise valuations and which are selected to provide such services in accordance with these Regulations.
Article 3. The Ministry of Finance shall be responsible to select and promulgate a list of valuation consultancy organizations, and to conduct checks and inspections of the operations of such valuers.
II. STANDARDS AND CONDITIONS FOR SELECTION OF VALUERS
1. It is an entity as defined in article 2 of these Regulations and satisfies all the conditions on organization and operation applicable to each form of enterprise.
2. It has professional rules on enterprise valuation which are consistent with the current regulations of the Government on conversion of enterprises with 100% State owned capital into shareholding companies.
3. It has at least two years' experience in one of the sectors being price appraisal, auditing, accounting, financial consultancy or consultancy on conversion of enterprise ownership. It must have performed at least ten (10) services contracts in the above-mentioned sectors in each of the two most recent years preceding the time of submission of the application file for permission to provide enterprise valuation services.
4. It must satisfy criteria on the number and quality of staff working in the sectors and branches in which such organization is currently operating.
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Article 5. Application file for accreditation as a valuation consultancy organization
1. Any domestic organization satisfying all the conditions stipulated in article 4 of these Regulations which wishes to provide enterprise valuation services shall send the following documents to the Ministry of Finance:
(a) Request for registration to provide enterprise valuation services (on the sample form in Appendix 1);
(b) Notarized copy of its decision on establishment or investment licence [or] business registration certificate;
(c) Professional rules on [how to carry out an] enterprise valuation, consistent with current law;
(d) Report on a number of financial indicators of the year immediately preceding the year of registration to provide enterprise valuation services (Appendix 2);
(dd) Report on services contracts already performed in the sectors of price appraisal, auditing, accounting, financial consultancy or consultancy on conversion of enterprise ownership, and a list of services contracts in the above-mentioned sectors in the two most recent years preceding the year of registration (Appendix 3);
(e) [Data on the] number and quality of senior staff directly conducting the services activities of the organization.
2. Any foreign organization registering to provide enterprise valuation services must be an entity as defined in article 2 of these Regulations and must send the following documents to the Ministry of Finance:
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(b) Data proving that it has sufficient capability and experience in the sector of asset valuation and enterprise valuation;
(c) Copy business registration certificate (or equivalent data) issued by the competent authority in the country where the foreign organization has its headquarters;
(d) Professional rules on [how to carry out an] enterprise valuation, consistent with the current law of Vietnam;
(dd) Introduction on the organization and its operational results in the valuation sector for the two most recent years: number of staff and number of branches currently conducting valuations, number of valuation services already performed, and proposed list of valuation experts who will work in Vietnam.
Any foreign organization which is not registered on the list of valuers shall only be permitted to co-operate with a valuer already on such list as promulgated by the Ministry of Finance, in order to conduct enterprise valuation activities.
1. It has not yet been approved by the Ministry of Finance.
2. It is related ["a related person"] as stipulated in article 4 of the Law on Enterprises, to the enterprise which is to be valued.
3. It is an organization currently providing services of auditing, book-keeping or preparation of financial statements to the enterprise to be valued, or it provided such services in the previous year to the enterprise to be valued.
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1. With respect to newly registered organizations, the Ministry of Finance shall consider their accreditation in the months of June and December and shall provide written notice on addition of these organizations to the list of valuers on an annual basis.
If a registering organization is not approved to provide enterprise valuation services, the Ministry of Finance shall provide a written response specifying the reasons for non-approval.
2. Organizations already on the list of valuers shall not be required to conduct procedures for annual re- registration but may continue to provide enterprise valuation services if they are not in breach of the provisions in articles 13 and 14 of these Regulations.
3. The Ministry of Finance shall publicly promulgate the list of valuers and a list of organizations which are not permitted to continue to provide enterprise valuation services both in hard copy, and also on the website of the Ministry of Finance at http://www.mof.gov.vn.
III. MANAGEMENT AND SUPERVISION OF VALUATION CONSULTANCY ORGANIZATIONS
Article 8. Responsibilities of valuers
[Valuation consultancy organizations shall have the following responsibilities:]
1. To comply with the current law on enterprise valuation methods and to correctly perform the contents of contracts signed with clients.
2.To be liable for enterprise valuation results. In a case where the results of an enterprise valuation fail to correctly ensure State regulations, the body making the equitization decision shall be entitled to refuse to pay the service fees, and the valuer shall also be liable to pay compensation for loss and damage caused by such valuer or the valuer shall be dealt with in accordance with law.
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4. To provide an explanation or to supply information and data relevant to the results of an enterprise valuation when there is a complaint or upon written request from the representative of the owner of the enterprise, from the Ministry of Finance or from another competent body.
5. To keep client information confidential, and to archive files and data on the enterprise for which it has provided the enterprise valuation.
6. Valuation consultancy organizations and staff participating in enterprise valuations must comply with professional ethics and standards as stipulated by the law on professional ethics standards and other [relevant] laws.
1. Any enterprise undergoing equitization which has total asset value in its books of account of thirty (30) billion Vietnamese dong or more, or has a value of State owned capital in its books of account of ten (10) billion Vietnamese dong or more, or has an advantageous geographical position, must hire a valuation consultancy organization/s to conduct the enterprise valuation.
2. The Steering Committee for Equitization of the enterprise must hold tendering to select a valuation consultancy organization/s in accordance with current regulations in the case of a tender package for enterprise valuation services with a value of five hundred (500) million Vietnamese dong or more, or where two or more valuers register to provide the services.
Article 10. Fees for enterprise valuation services
1. Fees for enterprise valuation services must be related to the quality of the services provided and the results of the share sale auction, and shall be fixed by agreement between the valuer and the client and specifically recorded in the contract for provision of the enterprise valuation services.
2. The actual fees incurred shall be paid from the source for the expenses for equitization of the enterprise.
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1. Compliance with current regulations on the rules and methods for valuing enterprises.
2. Compliance with professional ethical standards in the relevant sectors.
3. Differences between the results of the enterprise valuation reached by a price appraisal organization/s and the result as approved by the representative of the owner and the actual price obtained via the [share sale] auction.
4. Compliance with the regime on submitting reports and the truthfulness of such reports sent by the valuer/s to the Ministry of Finance.
Article 13. Suspension for a specified term of the enterprise valuation operation of a valuer
1. A valuer shall be suspended for a specified term from providing enterprise valuation services in the following circumstances:
(a) The valuer breaches the provisions in article 8 of these Regulations.
(b) The results of an enterprise valuation do not satisfy the requirements in accordance with an assessment of a competent State body based on the rules and methods for valuing an enterprise as stipulated by law and based on the Vietnamese standards for price appraisals, the accounting and auditing standards, and other relevant laws.
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(d) The valuer fails to comply with the reporting regime stipulated in articles 16 and 17 of these Regulations.
2. The term of any suspension shall be decided by the Ministry of Finance depending on the seriousness of the breach committed by the valuer.
Article 14. Removal of a valuer from the list of valuation consultancy organizations
1. A valuer shall be removed from the list of valuation consultancy organizations in the following circumstances:
(a) The investment license or business registration certificate of the valuer is withdrawn.
(b) The valuer failed, on upon expiry of the term of its suspension, to remedy the event which resulted in such suspension.
(c) The valuer committed a serious breach of the provisions of article 8 of these Regulations and of other provisions of law.
(d) The valuer inaccurately or dishonestly reported the results of its provision of enterprise valuation services.
2. Any valuer removed from the list of valuation consultancy organizations shall not be eligible to re- register within the following two years.
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1. An assessment of the status of their provision of enterprise valuation services: the results of such services, the quality of their staff, and recommendations to the State authority on any issues or difficulties which arose.
2. A list of enterprises for which the valuer provided a valuation (on the sample form in Appendix 4).
3. Report on financial indicators on a six-monthly and annual basis (on the sample form in Appendix 2).
4. Any changes related to its decision on establishment or investment licence [or] business registration certificate.
Article 17. If any unusual matters arise during the course of a valuer's operation, the valuer must forward a one-off report to the Ministry of Finance for the latter's information and in order for the valuer to explain any relevant issues.
Article 18. The Ministry of Finance shall receive application files from organizations wishing to register to provide enterprise valuation services, shall check and verify the files, and shall publicly promulgate the list of enterprise valuation organizations.
Article 19. Organizations which are currently accredited as satisfying all the conditions to provide enterprise valuation services must submit an application file for re-registration in accordance with these Regulations.
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Article 21. If any problems arise during implementation of these Regulations, valuers and other related entities should promptly report them to the Ministry of Finance for the latter's consideration and provision of specific guidance.
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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APPLICATION FILE FOR REGISTRATION TO PROVIDE ENTERPRISE VALUATION SERVICES
To: The Ministry of Finance
1. Name of company (organization)…………………………………………………………………………..
2. Address………………………………………………………………………………………………………..
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4. Form of enterprise (private, shareholding, partnership, joint venture, or 100% foreign owned capital)
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5. Business registration certificate (or investment licence) number………………………………………... dated……………………………………..
6. Number of years for which the organization has already provided enterprise valuation services in Vietnam (calculated from the date of lodging this application file) and the number of clients for whom these services have been provided……………………………………………………………………………
7. Number of years during which the organization has provided financial consultancy, consultancy on conversion of ownership, asset valuation, consultancy on listing, on registration for trading, and provision of accounting and auditing services and the number of clients for whom these services have been provided………………………………………………………………………………………………
8. Charter capital (equity)………………………………………………………………………………………….
9. Number of practising auditors who have been registered with the Ministry of Finance………………….
10. Number of price appraisers…………………………………………………………………..........................
11. Number of accountants to whom the Ministry of Finance has issued accounting practising certificates
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12. Number of securities practising staff to whom the Ministry of Finance has issued practising certificates…………………………………………………………………………………………..................
13. Professional rules consistent with the current regulations of law on conversion of State owned enterprises into shareholding companies (enclosing a copy of the rules)………………………………..
Company [name…………………] hereby applies for registration to provide enterprise valuation services and assures that both the company and its professional staff providing enterprise valuation services satisfy all the standards and conditions stipulated in the Regulations on selection and supervision of valuation consultancy organizations issued with Decision 100-2007-QD-BTC of the Minister of Finance dated 6 December 2007.
Company [name…………………] hereby undertakes that the information provided in this application and the data enclosed are truthful and correct, and if there is an error then the company shall be wholly liable for it.
We sincerely request that the Ministry of Finance consider and approve our application.
Dated…………………….
Company Director
(Signature and seal)
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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NAME OF VALUATION ORGANIZATION:……………
REPORT ON FINANCIAL INDICATORS
1. Charter capital…………………………………………………………………………………………………..
2. Source of owner's capital (equity)……………………………………………………………………………..
3. Total revenue, including details of revenue from service provision activities…………………………….
4. Total expenses…………………………………………………………………………………………………..
5. After tax profit……………………………………………………………………………………………………
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Dated…………………….
Company Director
(Signature and seal)
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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NAME OF VALUATION ORGANIZATION:………
LIST OF ENTERPRISES FOR WHICH THE APPLICANT HAS PROVIDED SERVICES
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Name of client
Period or duration of performance of the contract
Type of services provided namely accounting, auditing, price appraisal, financial consultancy or consultancy on conversion of enterprise ownership.
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Company A………..
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Dated…………………….
Company Director
(Signature and seal)
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SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
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NAME OF VALUATION ORGANIZATION:……
LIST OF ENTERPRISES FOR WHICH THERE HAS ALREADY BEEN A VALUATION AND AN INITIAL PUBLIC SHARE AUCTION
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Name of Enterprise
Date and place of auction
Value of the enterprise as provided by the valuer
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Value of the enterprise pursuant to the decision of the State authority
Reason for increasing or decreasing the value of the enterprise
Charter capital
Total no. of shares
Shares offered for sale
Face value of shares
Starting price or proposed price [of shares]
Value of offering price
Average auction price
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Value of shares sold
Difference between the sold share value and the share starting price
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Company Director
(Signature and seal)
- 1 Circular No. 127/2012/TT-BTC of August 08, 2012, guidance on standards, conditions and procedures for recognition of enterprise value determination services provider
- 2 Circular No. 127/2012/TT-BTC of August 08, 2012, guidance on standards, conditions and procedures for recognition of enterprise value determination services provider