The dynamics of business operations often lead companies to explore various strategies to adapt to changing circumstances. One intriguing question that emerges in this context is whether a business can request to resume operations at the parent company while temporarily pause activities at one of its branches. This query delves into the intricacies of corporate governance, regulatory compliance, and operational flexibility. In this discussion, we will explore the feasibility and implications of such a request, shedding light on the complexities it entails.
Question:
Currently, our company has 03 branches that are temporarily suspended due to the COVID pandemic. Now, we want to resume activities for the main company while keeping the branches temporarily suspended. Is this possible?
Answer:
– The company can submit a dossier to resume activities for the main company while continuing the temporary pause of activities for the branches. The dossier for resuming activities before the end of the suspension period includes the Notification Form II-21 as per Circular 02/2019/TT-BKHDT.
In cases where the person submitting the dossier is not the legal representative, a power of attorney for the dossier submitter must be included along with a valid copy of the submitter’s identification card/citizen identification card/passport.
– The company can submit the dossier online through the National Business Registration Portal at “www.dangkykinhdoanh.gov.vn/e-services/Online registration”.
Conclusion
In conclusion, the possibility of a business requesting to resume operations at the parent company while temporarily suspending activities at its branch can vary depending on regulatory requirements and the specific circumstances of the business. Companies considering this approach should thoroughly evaluate its feasibility within the legal framework and its impact on their overall operations. Navigating such scenarios necessitates a nuanced understanding of corporate governance and compliance. Furthermore, this understanding enables businesses to make informed decisions that align precisely with their strategic goals and regulatory obligations.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
