Laws of the People's Republic of China

The State Administration for Industry and Commerce

Circular of the State Administration for Industry and Commerce on Prompt and Efficient Completion of Business Registration Cancellation Procedures

GongShangQiZi [2001] No.238

August 29,2001

Administrations for industry and commerce in various provinces, autonomous regions, municipalities directly under the Central Government:

In recent years, some local governments have closed and repealed some enterprises in succession. Some enterprises lacking in adequate knowledge of related enterprise registration administration laws and regulations did not duly complete the registration cancellation procedures with competent authorities upon completion of their liquidation work, resulting in delayed cancellation of some enterprises. To prevent similar problems from reoccurring, this circular on issues of enterprise registration cancellation is given as follows:

I.

Each local administration of industry and commerce should conduct a special review of the enterprises which competent government authorities have decided to close and repeal but whose registration still remains short of cancellation. As for enterprises that should have cancelled their registration, related departments should be urged for prompt completion of the procedures. As for enterprises who fail to complete the registration cancellation procedures due to unfinished settlement of their equity and liabilities, competent departments of the enterprises and the liquidation group should be urged to speed up the settlement of equity and liabilities. Businesses failing to effect the registration cancellation procedures on other grounds should actively coordinate with related departments to find solutions to the impeding difficulties.

II.

Each local administration of industry and commerce should report this matter to the provincial, autonomous region or municipal government for guidance on and support for its work in this regard and carefully implement the review of enterprises canceling their registration.