limited liability company with two or more members, the company owner, if the business is a single- member limited liability company, the Shareholders’ Meeting, if the business is a joint-stock company, or partners, if the business is a partnership.
2. At least 30 days before the date of suspension of multi-level marketing activities, the business shall:
a/ Submit directly or send by post a dossier of notification prescribed in Clause 1 of this Article to the Vietnam Competition Authority and each of provincial-level Industry and Trade Departments of the localities where it conducts multi-level marketing activities;
b/ Post up the notice of suspension of multi-level marketing activities at its head office, branches, representative offices and business places, and on its website and notify the suspension of multi-level marketing activities to multi-level marketing participants.
3. Within 10 working days after receiving a valid dossier of notification of suspension of multi-level marketing activities, the Vietnam Competition Authority shall issue a written certification of receipt of the dossier of notification, inform provincial-level Industry and Trade Departments nationwide of the business’s suspension of multi-level marketing activities by one of the modes prescribed in Clause 4, Article 3 of this Circular, and post such information on its website.
4. Before resuming multi-level marketing activities after a period of suspension, a business shall submit directly or send by post to the Vietnam Competition Authority a notice of resumption of multi-level marketing activities made according to form M-08 provided in the Appendix to this Circular.
Within 10 working days after receiving a notice of resumption of multi- level marketing activities, the Vietnam Competition Authority shall issue a written certification of the receipt of the dossier of notification, inform provincial-level Industry and Trade Departments nationwide of the business’s resumption of multi-level marketing activities by one of the modes prescribed in Clause 4, Article 3 of this Circular, and post such information on its website.
Article 9. Termination of multi-level marketing activities
1. In case a business terminates multi-level marketing activities at its own will:
a/ A dossier of notification of termination of multi-level marketing activities must comprise:
- A notice of termination of multi-level marketing activities, made according to form M-09 provided in the Appendix to this Circular;
- The original multi-level marketing registration certificate;
- A decision on, and a minutes of the meeting discussing, the termination of multi-level marketing activities, issued by the Members’ Council, if the multi-level marketing business is a limited liability company with two or more members, the company owner, if the business is a