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Bach Dang Clean Water Company (Kinh Mon) was proposed to be fined for violating the declaration of charter capital.

PV May 6, 2024 05:45

The Department of Planning and Investment has just submitted a document to the Chairman of the People's Committee of Hai Duong province requesting the issuance of a decision to sanction administrative violations in the field of planning and investment against Bach Dang Clean Water Company Limited (Kinh Mon).

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Bach Dang Clean Water Company Limited (Kinh Mon) was proposed by the Department of Planning and Investment to be administratively sanctioned by the Chairman of the Provincial People's Committee for violations in declaring charter capital.

Specifically, Bach Dang Clean Water Company Limited was proposed to be fined VND 50 million for violating the declaration of charter capital as prescribed in Clause 3, Article 47 of Decree 122/2021/ND-CP dated December 28, 2021 of the Government on administrative sanctions in the field of planning and investment.

This company is also required to register to adjust its charter capital to the actual capital contributed by its members.

Previously, in the article "Bach Dang Clean Water Company shows signs of non-compliance with the Enterprise Law" published in Hai Duong newspaper on April 25, 2024, it pointed out factors showing that this company showed signs of over-declaring its charter capital.

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Bach Dang Clean Water Company (Kinh Mon) was proposed to be fined for violating the declaration of charter capital.