Certificate for Assets Valuation Company
ໃບຮັບຮອງບໍລິສັດປະເມີນມູນຄ່າຊັບສິນ
| General information | ||
|---|---|---|
| Type of formality | Certificate | |
| Date of last modification | 27.12.2017 | |
| Responsible Authorities | Lao Securities Commission Office
(021 217770;) |
|
| LSIC | K - Financial and insurance activities | |
| Who should complete this business formality? |
Asset Valuation Company that wish to provide the asset valuation service in the field of securities. |
|
| Qualifications needed by the business to get the formality |
1. Having the minimum registered capital of 500 Million LAK 2. Must be an Asset valuation Company that being in the list of a country that is a member of The International Organization of Securities Commissions or from a country that has the MOU with LSCO 3. Having reputation and experiences in asset valuation 4. Having the guaranteed and standardized internal management system 5. Having at least 2 valuation officers that has the certification for asset valuation or Valuation Certificate issued by the securities regulator and Asset Valuation Association, either domestically or internationally. 6. Being in a good financial position or has made profit in the previous year before applying for the renewal with LSCO (except for the new company) |
|
| Additional Comment |
1. In case of providing assets valuation services without the permission will be fined for 100 million LAK. 2. Asset valuation that is not related to securities activities also must be authorized by the LSCO. 3. Other comments as stipulated in Article 17 of Regulation No. 003/LSC |
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| REQUIRED DOCUMENTS FORMALITIES - First time | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Business Plan | ||||
| Copy of Enterprise Registration Certificate | ||||
| Company's Regulations | ||||
| Application Form | by the LSCO |
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| Court Clearence | issued within 3 months, Address Certificate or Passport, 2 photos (3x4 size) of the assessor and directors |
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| List of employees | list of technical staff working on assets valuation who are certified by asset valuation course or Certificate of assessors from Asset Management Authority and relevant Asset Valuation Association in the country or from a foreign country. |
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| Curriculum Vitae | of the accessor |
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| Business Activities Report | and financial reports from a year before submitting the application to LSCO (except for the new Asset Valuation Company) |
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| REQUIRED DOCUMENTS FORMALITIES - Renew | ||||
|---|---|---|---|---|
| Name | Comment | |||
| Mean of presentation | ||
|---|---|---|
| Means of presentation | At the Authority Offices | |
| Address of authority | Lao Securities Commission Office, Bank of Lao PDR | |
| Processing Time (Day(s)) | 30 | |
| RENEWAL INFORMATION | ||
|---|---|---|
| Does the formality have a validity or an expiration date? | YES | |
| How long will the formality be valid for? (in months) | 36 | |
| What is the process and conditions to renew the formality? | The renewal shall be undertaken at least 45 days before the expiry date of the certificate. | |
| ISSUING FEES | ||||
|---|---|---|---|---|
| Has application fees? | Service fees | Certificate fees | Application fees | Total fees |
| YES | 0.00 | 0.00 | 0.00 | 0.00 |
| Comments |
According to LSCO Regulation No. 003/LSCO, the fees are: - 20,000,0000 LAK for a company's certificate - 2,000,000 LAK/person for the valuation officer's certificate |
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| RENEWAL FEES | ||||
|---|---|---|---|---|
| Has renewal fees? | Service fees | Certificate fees | Renewal fees | Total renewal fees |
| YES | 0.00 | 0.00 | 0.00 | 0.00 |
| Comments |
According to LSCO Regulation No. 003/LSCO, the fee for the company's certificate is 10,000,000 LAK, and the valuation officer's certificate is 2,000,000 LAK/person. However, the renewal fee (Annual Management Fee) will be exempted if, in that year, no agreement to provide asset valuation service was entered into between that enterprise and the client. |
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