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Certificate for Assets Valuation Company
资产评估公司证明
ໃບຮັບຮອງບໍລິສັດປະເມີນມູນຄ່າຊັບສິນ
Asset Valuation Company that wish to provide the asset valuation service in the field of securities. Apply at Lao Securities Commission Office (021 217770;).
Who needs this
Asset Valuation Company that wish to provide the asset valuation service in the field of securities.
Requirements
- Having the minimum registered capital of 500 Million LAK
- 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
- Having reputation and experiences in asset valuation
- Having the guaranteed and standardized internal management system
- 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.
- 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)
Documents — first application
| Document | Note |
|---|---|
| Business Plan | |
| Copy of Enterprise Registration Certificate | |
| Company's Regulations | |
| Application Form | by the LSCO |
| Court Clearence | issued within 3 months, Address Certificate or Passport, 2 photos (3x4 size) of the assessor and directors |
| 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. |
| Curriculum Vitae | of the accessor |
| Business Activities Report | and financial reports from a year before submitting the application to LSCO (except for the new Asset Valuation Company) |
Legal framework
- Regulation on Approval of an Asset Evaluation Company
How to submit
- Means of presentation
- At the Authority Offices
- Address of authority
- Lao Securities Commission Office, Bank of Lao PDR
- Processing time
- 30
Validity and renewal
- Has an expiry date
- YES
- Validity
- 36 months
- Renewal process
- The renewal shall be undertaken at least 45 days before the expiry date of the certificate.
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