The Governor of the State Bank of Vietnam (SBV) issued the Document No. 679/QĐ-NHNN dated April 12, 2017 to approve the change of legal form of BIDV Financial Leasing Company (BLC) into a limited liability BIDV - SuMi TRUST Financial Leasing Company.
Accordingly, the Decision No. 305/1998/QĐ-NHNN5 dated September 4, 1998 on the establishment of the BIDV Financial Leasing Company and the License No. 08/GP-CTCTTC dated October 27, 1998 issued by the SBV Governor for the BIDV Financial Leasing Company shall be revoked.
Decision No. 305/1998/QĐ-NHNN5 dated September 4, 1998 and the License No. 08/GP-CTCTTC dated October 27, 1998 cease to be effective at the time the limited liability BIDV - SuMi TRUST Financial Leasing Company is granted the Certification of business registration.
The limited liability BIDV - SuMi TRUST Financial Leasing Company is responsible for (i) Receive all legitimate assets, rights, obligations and interests of the credit institution that is changed the legal form; (ii) Within 45 days from the effective date of this Decision, The limited liability BIDV - SuMi TRUST Financial Leasing Company is responsible to complete the procedures for business registration in accordance with law; to publish the information and the launching operation in accordance with law; (iii) Implementing other obligations in accordance with relevant laws.
The BIDV Financial Leasing Company is responsible for: (i) Handing over all legitimate assets, rights, obligations and interests to the credit institution that is changed the legal form; (ii) Returning the original copy of Decision No. 305/1998/QĐ-NHNN5 dated September 4, 1998 on the establishment of BIDV Financial Leasing Company and the License No. 08/GP-CTCTTC dated October 27, 1998 issued by the SBV Governor for BIDV Financial Leasing Company within 5 days from the date when Decision No.305/1998/QĐ-NHNN5 is ineffective. (iii) Publishing the information on terminating the operations and the settlement of the related rights and obligations in accordance with laws.
The Decision took effect from the date of signing.
Nguyen Giang