Can enterprises with 100% charter capital held by the State mobilize capital in the form of loans from employees?
Forms of capital mobilization by enterprises with 100% charter capital held by the State are specified in Article 23.Law on Management and Use of State Capital Invested in Production and Business at Enterprises 2014 as follows:
Mobilize capital
1. Enterprises have the right to borrow capital from credit institutions and financial institutions; loans from organizations, individuals outside the enterprise, and from employees; Issuing corporate bonds and other forms of capital mobilization according to the provisions of law.
2. Principles of capital mobilization:
a) Based on the strategy, 5-year investment and development plan and annual production and business plan of the enterprise;
b) Capital mobilization plan must ensure debt payment ability;
c) The person who approves the capital mobilization plan must be responsible for monitoring and checking to ensure that the mobilized capital is used for the right purpose and effectively;
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Thus, according to regulations, enterprises with 100% charter capital held by the State can mobilize capital in the form of loans from employees.