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| Category | ADMINISTRATION FOR INDUSTRY AND COMMERCE | Organ of Promulgation | The State Council | Status of Effect | In force |
| Date of Promulgation | 1994-06-24 | Effective Date | 1994-07-01 |
|
Administrative Regulations of the People's Republic of China Governing the Registration of Companies |
|---|
Article 1 The Regulations are formulated in accordance with the Company
Law of the People's Republic of China (hereinafter referred to as the Company
Law) in order to affirm the legal person status of company and to normalize
the procedure of the registration of company.
Article 2 Establishment, alteration and termination of limited liability
company and company limited by shares (hereinafter referred to as company)
shall make the company registration in accordance with the provisions of these
Regulations.
Article 3 A company shall be granted legal person status only after it
has been registered and approved to receive a "Corporate Business Licence"
after the approval of registration by the company registration authority in
accordance with the law.
After the effective date of these Regulations, any newly-established
company shall not be allowed to conduct business activities in the name of a
company, should the company have not been approved to be registered by the
company registration authority.
Article 4 The administrations for industry and commerce shall be the
company registration authorities.
The lower-level company registration authority shall function the
registration of company under the supervision of higher level company
registration authority.
Company registration authority shall perform duties in accordance with the
law and free from unlawfull interference.
Article 5 The State Administration for Industry and Commerce shall be in Article 6 The State Administration for Industry and Commerce shall be (1) a company limited by shares whose establishment was approved by a (2) a company invested under authorization by the State Council; (3) a limited liability company invested and established by the State (4) a foreign investment limited liability company established; or (5) other companies subject to registration by the State Adminstration of Article 7 The administrations for industry and commerce of the provinces, (1) a company limited by shares whose establishment was approved by the (2) a company invested under authorization by the people's government of (3) a limited liability company invested and established by the State (4) a limited liability company invested and established solely or jointly (5) a company entrusted registering by the State Administration for Article 8 The administrations for industry and commerce of the city and Article 9 The items for registration of company shall include its title, Article 10 The items for registration of a company shall be in compliance Article 11 A company title shall be in compliance with the relevant Article 12 A company's domicile shall be at the place of its head office. Article 13 Except for other provisions stipulated by laws and Article 14 In order to establish a company, an application for In case that the establishment of a company, or the projects of a Article 15 The application for preapproval of a title of the limited To apply for preapproval of a company title, the following documents shall (1) a written application for preapproval of the company title signed by (2) qualification certificates of the legal person status of the (3) other documents required for submission by the company registration Company registration authority shall, within 10 days after receiving the Article 16 The reservation period of the preapproved company title shall Article 17 In order to establish a limited liability company, an To apply for the establishment of a limited liability company, the (1) a written application for registering the establishment of the company (2) certificates of the representative or agent designated or entrusted by (3) the company's articles of association; (4) capital verification certificate issued by a legally qualified capital (5) qualification certificates of the legal person status of the (6) a document specifying the names and addresses of the company's (7) appointment documents and identification certificates of the company's (8) a "Notice of Preapproval of the Enterprise Title"; (9) certification of the company's domicile. In case that the establishment of a limited liability company shall be Article 18 In order to establish a company limited by shares, an To establish a company limited by shares, the following documents shall be (1) a written application for registering the establishment of the company (2) a document of approval issued by the State Council's authorised (3) minutes of the founding meeting; (4) the company's articles of association; (5) financial audit report for the preparation of the company; (6) capital verification certificate issued by a legally qualified (7) qualification certificates of legal person status of the promoters or (8) a document specifying the names and addresses of the company's (9) appointment documents and identification certificates of the company's (10) a "Notice of Preapproval of the Enterprise Title"; (11) certification of the company's domicile. Article 19 In case that there are projects within the scope of business Article 20 Should a company's articles of association contain provisions Article 21 A certification of a company's domicile means a document which Article 22 A company is established in condition that the establishment Article 23 In the event of altering registered items, the company shall A company shall not be permitted to alter registered items without the Article 24 To apply for alteration of registration, the company shall (1) a written application for registration of alteration signed by the (2) the resolution or decision on the alteration made in accordance with (3) other documents required for submission by the company registration In case that the alteration of registered items of a company invovles Article 25 In the event of altering title, the company shall, within 30 Article 26 In the event of altering domicile, the company shall apply for In case that the alteration of a company's domicile invovles Article 27 In the event of changing legal representative, the company Article 28 In the event of altering registered capital, the company shall In case that the company adds its registered capital, an application for In case that the company reduces its registered capital, an application Article 29 In the event of changing the scope of business operations, the Article 30 In the event of changing company's type, the company shall, in Article 31 In the event of changing shareholders of a limited liability In case that the shareholder of a limited liability company or the Article 32 In case that the amended articles of association of a company Article 33 In case that a company changes its directors, supervisors or Article 34 In case that an existing company arise registered iterms In case that the merging or dividing of a company occurs, the company Article 35 In case that the alteration of the registered items invovles Article 36 The liquidation organization of a company shall apply to the (1) a company is declared bankrupt in accordance with the law; (2) the expiry of a company's term of operation in accordance with the (3) shareholders meeting decides to dissolve the company; (4) a company is dissolved as a result of mergering or dividing; (5) a company is ordered to close down in accordance with the law. Article 37 In case that a company applies for registration of (1) a written application for registration of cancellation signed by the (2) a ruling of a court on the bankruptcy, a resolution or decision made (3) a liquidation report confirmed by the shareholders' meeting or (4) the Corporate Business Licence; (5) other documents as required for submission by laws and regulations. Article 38 Company terminates in consequence of the approval of the Article 39 A branch company means an organization established by a Article 40 In the event of establishing a branch, the company shall apply Article 41 Registration items of a branch company shall include its The title of a branch company shall be in compliance with relevant State The scope of business operations of a branch company shall not exceed the Article 42 In the event of establishing a branch, the company shall apply To establish a branch company, the following documents shall be submitted (1) a written application for registration of establishment of a branch (2) the articles of association and a copy of the company's Corporate (3) a certificate for use of business domicile; (4) other documents as required for submission by the company registration Article 43 In the event of altering the branch company's registered To apply for registration of alteration, a written application for The original "Business Licence" shall be replaced with a new one if the Article 44 In the event of closing down a branch, the company shall apply Article 45 A "Notice of Acceptance of Company Registration" shall be Company registration authority shall, within 30 days after issuing a If an application for registration is approved by company registration If an application for registration is rejected by company registration Article 46 For registering the establishment or alteration, the company To apply for a Corporate Business Licence, the registration fees of To apply for a Business Licence, the registration fees of establishment To alter registered items, the fees for registration of alteration shall Article 47 Company registration authority shall record the approved Article 48 Within 30 days after the date of the approval of the A public announcement on the revocation of Corporate Business Licence or Article 49 Company registration authority shall undertake annual reviews Article 50 Company shall, in accordance with the requirements of the In case that the company has established branch(es), the relevant Article 51 Company registration authority shall examine the relevant Article 52 Company shall pay an annual review fee to the company Article 53 Corporate Business Licence or Business Licence shall include The original copy of "Corporate Business Licence" or "Business Licence" Company may, in accordance with operational needs, apply to the company Article 54 No unit or individual shall be allowed to forge, alter, lease, In case that the business licence is lost or destroyed, the company shall In case that a company requires to affix the company registration Article 55 Company registration authority may temporarily retend the Article 56 The borrowing, copying, carrying or duplicating of archived No unit or individual shall be allowed to modify, alter, make additions to Article 57 The form of the original and duplicate copy of business Article 58 If the registration of a company is acquired by false Article 59 In case that the registration of a company is acquired by Article 60 In case that the promoter(s) or shareholder(s) of a company Article 61 In case that the promoter(s) or shareholder(s) of the company Article 62 In the case of a company failing, without proper reason, to Article 63 In case that the company alters the registration items but Article 64 In case that the company fails to notify creditors or make Article 65 In case that the liquidation organization fails to submit its Article 66 In case that the company fails to apply for registration of Article 67 In case that the company limited by shares fails to make Article 68 In case that the company refuses to accept an annual review Article 69 In case that the company is found to have forged, altered, Article 70 In case that the company is found to have failed to place its Article 71 In case that the company is found to have conducted business Article 72 In case that the company fails to register as a limited Article 73 In case that the company registration authority approves a Article 74 The registration of a branch established by a foreign company Article 75 These Regulations shall apply to the registration of foreign Article 76 These Regulations shall be effective from the date of July 1,
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charge of the work of registration of company in China.
Chapter II Jurisdiction of Registration
responsible for the registration of the following categories of company:
department authorized by the State Council;
Council's authorized investment organ(s) or department(s) jointly or solely;
Industry and Commerce in accordance with laws of the State or regulations of
the State Council.
autonomous regions and municipalities directly under the Central Government
shall be responsible for the registration of the following categories of
company within their jurisdiction areas:
people's government of the province, autonomous region or municipality
directly under the Central Government;
the province, autonomous region or municipality directly under the Central
Government;
Council's authorized investment organ(s) or department(s) jointly with other
investor(s);
by authorized investment organ(s) or department(s) of the people's government
of the province, autonomous region or municipality directly under the Central
Government; or
Industry and Commerce.
county shall be responsible for the registration of company other than those
listed in Article 6 and 7 of these Regulations. Specific jurisdiction of
registration shall be regulated by the administration for industry and
commerce of the province, autonomous region or municipality directly under the
Central Government.
Chapter III Items for Registration
domicile, legal representative, registered capital, enterprise type, scope of
business, duration of operations and names or titles of the shareholders of a
limited liability company, or the promoters of a company limited by shares.
with the provisions of laws and administrative regulations. Items which are
not in compliance with the provisions of laws and administrative regulations
shall not be accepted for registration by the company registration authority.
stipulations of the State. A company shall be permitted to use only one title.
A company title which has been approved and registered by company registration
authority shall be protected by the law.
A company registered by company registration authority shall have only one
domicile. A company's domicile shall be situated within the jurisdiction area
of the company registration authority.
administrative regulations, a company's registered capital shall be shown in
renminbi.
Chapter IV Registration of Establishment
registering the title of the company shall be submitted for preapproval.
company's business scope shall be reported for examination and approval as
stipulated in laws and regulations, the company shall complete its title
preapproval procedure before the aforesaid examination and approval. The title
approved by company registration authority shall be adopted for the aforesaid
examination and approval.
liability company shall be submitted by a designated representative or an
agent entrusted by the shareholders to the company registration authority. The
application for priapproval of a title of the company limited by shares shall
be submitted by a designated representative or an agent entrusted by the
promoters to the company registration authority.
be submitted:
the shareholders of the limited liability company or the promoters of the
company limited by shares;
shareholders or promoters; or the identification of a natural person;
authority.
documents listed in the preceding paragraph of this Article, make a decision
on the approval or rejection of the application. If an application for
registering the title of a company is approved by company registration
authority, a "Notice of Preapproval of Enterprise Title" shall be issued.
be 6 months. Within the reservation period, the preapproved company title
shall not be used for business, neither transferred.
application for registering the establishment of the company shall be
submitted to company registration authority by a designated representative or
an agent entrusted by shareholders. In order to establish a solely State
company, the State authorised investment organ or the State authorised
department shall be the applicant for registration of the establishment of the
company. In case that the establishment of a limited liability company shall
be reported for examination and approval as stipulated by laws and
regulations, an application for registering the establishment of the company
shall, within 90 days after the aforesaid approval of the report, be submitted
to company registration authority. In case that the establishment application
exceeds the prescribed time limit, the applicant shall report to the examining
and approving authority again for confirming the validity of the original
document of approval, or shall re-report for approval of the establishment of
the company.
following documents shall be submitted to company registration authority:
signed by the chairman of the board of directors of the company;
all of the shareholders;
verification organization;
shareholders or the identification of a natural person;
directors, supervisors and managers, and the certifications of their
corresponding appointment, election or employment;
legal representative;
reported for examination and approval as stipulated by laws and regulations, a
document of the aforesaid approval shall also be submitted.
application for registering the establishment of the company shall be
submitted to company registration authority by the board of the directors
within 30 days after the end of the founding meeting.
submitted to company registration authority:
signed by the chairman of the directors board of the company;
department or by the people's government of the province, autonomous region or
municipality directly under the Central Government. A document of approval
issued by the securities management department of the State Council shall also
be submitted if a company limited by shares is established by share floating;
verification organization;
the identification of a natural person;
directors, supervisors and managers, and certificates of their corresponding
appointment, election or employment;
legal representative;
operations of a company which shall be reported for examination and approval
as stipulated by laws and regulations, such projects shall be submitted to the
relevant State department for examination and approval before applying for
registering the establishment of the company. And the document of approval
issued by the relevant State department shall be submitted to company
registration authority.
in violation of laws and regulations, the company registration authority shall
have the power to demand the company to make corresponding corrections.
is capable to prove the company enjoying the right of use the domicile.
registration approval is made and a Corporate Business Licence is issued by
company registration authority. A company may open a bank account, engrave
company seal and apply for tax registration based upon the Corporate Business
Licence issued by company registration authority.
Chapter V Registration of Alteration
apply to the original company registration authority for the registration of
alteration.
approval of the registration of alteration.
submit the following documents to the company registration authority:
legal representative of the company;
the provisions of the Company Law;
authority.
amending the articles of association, the amended version of its articles of
association or the amendment of its articles of association shall also be
submitted.
days after the resolution or decision on alteration being made, apply for
registration of alteration.
registration of alteration before moving to new domicile and shall submit a
certificate for use of the new domicile.
trans-regional jurisdiction of the company registration authorities, the
company shall apply to the company registration authority at the place of the
new domicile for the alteration of registration before moving to the new
domicile; in case that the application is accepted by the company registration
authority at the place of the new domicile, the original company registration
authority shall transfer registration files of the company to the new company
registration authority.
shall, within 30 days after the resolution or decision on the change being
made, apply for registration of the change.
submit the capital verification certificate issued by a legally qualified
capital verification organization.
registration of alteration shall be submitted within 30 days after the full
payment of the share capital. In case that the company limited by shares adds
its registered capital, an approval document issued by a State Council
authorised department or by a people's government of the province, autonomous
region or municipality directly under the Central Government shall be
submitted. In case that the registered capital is added by floating share, an
approval document issued by the securities management department of the State
Council shall also be submitted.
for registering the alteration shall be submitted within 90 days after the
resolution or decision on the reduction of registered capital being made,
together with the document to certify that a public announcement on the
reduction of registered capital has been published at least three times in the
newspaper, and an illustration report on the company's debt clearance or debt
repayment guarantee.
company shall, within 30 days after the resolution or decision on the change
being made, apply for registation of alteration; in case that the change
invovles projects which shall be reported for examination and approval as
stipulated by laws and regulations, an application for registration of
alteration shall be submitted within 30 days after the date of approval of the
report by the relevant State department.
accordance with the requirements for establishing the intended type of
company, apply to the company registration authority for registration of
alteration within the prescribed time limit and submit relevant documents.
company, the company shall apply for registration of alteration within 30 days
after the date of the change of the shareholders occuring, and shall provide
qualification certificates of legal person status of the new shareholders or
the idertification of a natural person.
promoters of a company limited by shares changes name(s) or title(s), an
application for registering such change(s) shall be submitted within 30 days
after the date of the change of the name or title.
does not invovle the registered items, the company shall submit the amended
articles of association or the amendment to the original company registration
authority for the record.
managers, the changes shall be reported to the original company registration
authority for the record.
changes due to mergering or dividing, the company shall apply for registration
of alteration; a company, dissolved due to mergering or dividing, shall apply
for registration of cancellation; a company, newly established due to
mergering or dividing, shall apply for registration of establishment.
shall apply for registration within 90 days after the resolution or decision
on the mergering or dividing being made, submit the merger agreement or the
resolution or decision on the mergering or dividing, together with
ceritification of public announcement in the newspaper at least three times
concerning the mergering or dividing of the company, and an illustration
report of its debt clearance or debt repayment guarantee. In case that the
merging or dividing of a company limited by shares occurs, a document of
approval issued by the State Council authorised department or the people's
government of province, autonomous region or municipality directly under the
Central Government shall also be submitted.
in the items specified in a Corporate Business Licence, the original Corporate
Business Licence shall be replaced with a new one by the company registration
authority.
Chapter VI Registration of Cancellation
original company registration authority for registration of cancellation
within 30 days after the conclusion of liquidation in any of the following
circumstances:
articles of association, or the occurrence of other reason(s) for dissolution
of the company as stipulated in articles of association;
cancellation, the following documents shall be submitted:
person in charge of the company liquidation organization;
by the company in accordance with the provisions of the Company Law or a
document issued by an administrative organ ordering the company to close down;
relevant body;
registration of cancellation by the company registration authority.
Chapter VII Registration of Branch Companies
company to engage in business operations outside its domicile. A branch
company shall not have legal person status.
for registration to the city or county company registration authority in the
place where the branch is located. A "Business Licence" shall be issued in
case the application for registration is approved.
title, business domicile, manager in charge and scope of business operations.
regulations.
scope of business operations of its company.
for registration to the company registration authority within 30 days after
the decision being made; should laws and regulations stipulate that the
establishment of a branch company shall be reported for approval to the
relevant department, the registration application shall be submitted to the
company registration authority within 30 days after the date of approval of
the aforesaid report.
to the company registration authority:
signed by the legal representative of the company;
Business Licence affixed with the seal of the company registration authority;
authority.
items, the company shall apply for registration of alteration to the company
registration authority.
registration of alteration signed by the legal representative of the company
shall be submitted. In case that the title of a branch is changed due to the
change of title of the company, a copy of the Corporate Business Licence of
the company shall be submitted. In case that a change of scope of business
operations invovles projects which shall be reported for approval as
stipulated by laws and regulations, a document of the approval of aforesaid
report issued by the relevant department shall also be submitted. In case that
the business domicile is changed, a certification for use of the new business
domicile shall be submitted.
application for registration of alteration is approved by the company
registration authority.
for registration of cancellation of that branch to the company registration
authority which is in charge of that branch within 30 days of the decision
being made. In applying for the registration of cancellation of a branch, a
written application for registration of cancellation signed by the legal
represnetative of the company and the "Business Licence" of the branch shall
be submitted. The "Business Licence" of a branch shall be taken over by the
company registration authority after the application for registration of
cancellation being approved.
Chapter VIII Procedures for Registration
issued by company registration authority after receiving all of the documents
stipulated in these Regulations from the applicant.
"Notice of Acceptance of Company Registration", make a decision on approval or
rejection of registration.
authority, the applicant shall be notified within 15 days after the approval
decision being made, and a "Corporate Business Licence" or "Business Licence"
shall be issued, replaced or taken over.
authority, the applicant shall be notified within 15 days after the decision
being made and a "Notice of Rejection of Company Registration" shall be issued.
shall pay registration fees to the company registration authority pursuant to
stipulations.
establishment shall be paid at the ratio of 0.1% of the total amount of
registered capital; in case that the registered capital is in excess of RMB 10
million (10,000,000) yuan, the excess amount shall be paid at the ratio of
0.05% of that excess amount; in case that the registered capital is in excess
of RMB 100 million (100,000,000) yuan, no further registration fees shall be
required on the excess amount.
shall be RMB 300 yuan.
be RMB 100 yuan.
registration items of the company in the Company Register which shall be
accessible to the social public for consulting and copying. To consult or copy
the registered items of company, consulting fee or copying fee shall be paid
pursuant to stipulations.
registration of establishment, alteration or cancellation, the company limited
by shares shall make a public announcement stating the registration of
establishment, alteration, or cancellation and the public announcement shall
be submitted to the company registration authority for the record within 30
days after the public announcement being made. The contents of the public
announcement stating the registration of establishment, alteration or
cancellation shall be the same as those contents approved and registered by
the company registration authority; in case these contents disaccord, the
company registration authority shall have the power to request the company to
make corresponding corrections.
Business Licence shall be made by the company registration authority.
Chapter IX Annual Reviews
of companies during the period from January 1 to April 30 each year.
company registration authority, accept the annual review within the prescribed
period of time, and submit annual review report, annual balance sheet, profit
and loss statement and a duplicate copy of Corporate Business Licence.
information about the branch(es) shall be clearly shown in the annual review
materials submitted and the copy(ies) of the Business Licence(s) of the
branch(es) shall also be submitted.
information concerning the registered items based on the annual review
materials submitted by the company so as to verify the company's
qualifications of continuation of business operations.
registration authority. The annual review fee shall be RMB 50 yuan.
Chapter X Administration of Licences and Archives
the original and duplicate copies which shall have equal legal effect.
shall be placed in a eye-catching position at the domicile of the company or
the business site of the branch.
registration authority for the issue of several duplicate copies of business
licence.
lend or transfer business licence.
apply for the replacement, and make an announcement declaring the invalidity
of the business licence in the newspapers or journals designated by the
company registration authority.
authority's seal onto the copy(ies) of its business licence for the purpose of
submission of its copy(ies) to relevant units in accordance with relevant
regulations, the company registration authority may affix its seal as required.
business licence of a company in need of authentication. The period of
retention shall not exceed 10 days.
materials related to company registration shall be conducted within the
prescribed limits of authority and procedure pursuant to stipulations.
or damage archived company materials.
licence and the format of important documents or tables relating to company
registration shall be uniformly formulated by the State Administration for
Industry and Commerce.
Chapter XI Legal Liability
declaration of the registered capital during applying for company
registration, the company registration authority shall order the company to
rectify the situation and impose a fine of 5% to 10% of the amount of falsely
declared registered capital. In the event that the case is serious, the
registration shall be cancelled and the business licence shall also be
revoked. Should the case be so serious that a crime is committed, the criminal
liability shall be inflicted upon in accordance with the law.
submission of false documents or adoption of other deceptive means during
applying for company registration, the company registration authority shall
order the company to rectify the situation and impose a fine of RMB 10,000
yuan to RMB 100,000 yuan. In the event that the case is serious, the
registration shall be cancelled and the business licence shall be revoked.
Should the case be so serious that a crime is committed, the criminal
liability shall be inflicted upon in accordance with the law.
fails to hand over capital in cash or in kind or fails to transfer property
rights so that the capital contribution is fictitious, the company
registration auhtority shall order the company to rectify the situation and
impose a fine of 5% to 10% of the falsely contributed capital. Should the case
be so serious that a crime is committed, the criminal liability shall be
inflicted upon in accordance with the law.
is found to have bailed out the contributed capital after the establishment of
the company, the company registration authority shall order the company to
rectify the situation and impose a fine of 5% to 10% of the amount of capital
which has been taken. Should the case be so serious that a crime is committed,
the criminal liability shall be inflicted upon in accordance with the law.
commence business operations within 6 months after its establishment or, after
commencement of business operations, suspending its operations of its own
accord for a successive period of 6 months or more, the registration authority
shall revoke the company's business licence.
fails to carry out registration of relevant alteration pursuant to
regulations, the company registration authority shall order the company to
carry out registration within a prescribed time limit. In case that the
company fails to register within the prescribed time limit, a fine of
RMB 10,000 yuan to RMB 100,000 yuan shall be imposed.
public announcement during mergering, dividing, reducing registered capital or
going on liquidation, the company registration authority shall order the
company to rectify the situation and impose a fine of RMB 10,000 yuan to RMB
100,000 yuan.
liquidation report to the company registration authority pursuant to
regulations, or conceals or omits important facts in the liquidation report,
the company registration authority shall order the liquidation organization to
rectify the situation.
cancellation after the company has concluded liquidation upon bankruptcy or
dissolution, the company registration authority shall revoke its business
licence.
public announcement within the prescribed time limit after the registration of
establishment, alteration or cancellation, or in case that the contents of the
public announcement differs from what has been approved and registered, the
company registration authority shall order the company to rectify the
situation. In case that the company fails to rectify the situation a fine of
RMB 10,000 yuan to RMB 100,000 yuan shall be imposed. Should the case be
serious, the company's business licence shall be revoked.
pursuant to regulations, the company registration authority shall impose a
fine of RMB 10,000 yuan to RMB 100,000 yuan and order the company to accept
the annual review within a prescribed time limit. In case that the company
refuses to accept annual review within the prescribed time limit, its business
licence shall be revoked. In case that the company is found to have concealed
facts or made frauds in an annual review, a fine of RMB 10,000 yuan to RMB
50,000 yuan shall be imposed on the company by the company registration
authority, and it shall also be ordered to rectify the situation. Should the
case be serious, the company's business licence shall be revoked.
leased, lent or transferred its business licence, the company registration
authority shall impose a fine of RMB 10,000 yuan to RMB 100,000 yuan. Should
the case be serious, the business licence shall be revoked. Should the case be
so serious that a crime is committed, the criminal liability shall be
inflicted upon in accordance with the law.
business licence in an eye-catching position at its domicile, the company
registration authority shall order the company to rectify the situation. In
case that the company fails to rectify the situation, a fine of RMB 1,000 yuan
to RMB 5,000 yuan shall be imposed.
activities beyond its scope of business operations as approved and registered,
the company registration authority shall order the company to rectify the
situation and impose a fine of RMB 10,000 yuan to RMB 100,000 yuan. In case
that the case is serious, its business licence shall be revoked.
liability company or as a company limited by shares in accordance with the law
but has used the title of a limited liability company or company limited by
shares, the company registration authority shall order it to rectify the
situation and impose a fine of RMB 10,000 yuan to RMB 100,000 yuan. Should the
case be so serious that a crime is committed, the criminal liability shall be
inflicted upon in accordance with the law.
company's application for registration which fails to meet the stipulated
requirements and should the case be serious, the chief person-in-charge and
other person(s) who bear direct responsibility shall be imposed an
administrative punishment in accordance with the law. In case that the higher
level company registration authority orders the lower level company
registration authority to approve a company's application for registration
which fails to meet the stipulated requirements or covers up illegal
registration, chief staff directly responsible for the case and other staff
bearing direct responsibility in the case shall be imposed an administrative
punishment. Should the case be so serious that a crime is committed, the
criminal liability shall be inflicted upon in accordance with the law.
Chapter XII Annex
within the territory of the People's Republic of China shall be handled
pursuant to relevant regulations of the State Council.
investment limited liability company. In case that there are provisions
concerning the registration of foreign investment enterprises stipulated
otherwise in laws and regulations, such provisions shall apply.
1994.
URL: http://www.asianlii.org/cn/legis/cen/laws/argtroc660