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Regulations of the People's Republic of China on Administration
of Registration of Companies
(Published
on June 24, 1994 by virtue of Decree No. 156 of the State
Council of the People's Republic of China and modified in line
with the Decision of Amending the Regulations of the People's
Republic of China on Administration of Registration of Companies
of the State Council as adopted on December 18, 2005.)
Chapter I
General Provisions
Article 1.
The Regulations is 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 qualifications of enterprise legal
persons of companies and standardise the registration activities
of companies.
Article 2.
In the case of establishment, change and closure of all limited
liability companies and all companies limited by shares
(hereinafter referred to as the ¡§company¡¨)
company registration shall be conducted in accordance with the
Regulations.
When
applying for company registration, the applicant shall be liable
for the authenticity of the application documents and materials.
Article 3.
A company shall only obtain the qualifications of an enterprise
legal person after having been approved to register by the
company registration authority as provided by law and having
obtained a Business License for an Enterprise with the status of
Legal Person.
A company,
established after the date the Regulations became effective,
shall not engage in business activities in the name of a company
without being approved to register by the company registration
authority.
Article 4.
The administration for industry and commerce is the company
registration authority.
The company
registration authority at a lower level shall conduct company
registration under the leadership of the company registration
authority at a higher level.
The company
registration authority shall carry out its duty as provided by
law, and shall not accept any illegal intervention.
Article 5.
The State General Administration of Industry and Commerce is
responsible for company registration of the whole country.
Chapter
II Jurisdiction of Registration
Article 6.
The State Administration Bureau for Industry and Commerce is
responsible for registration of the following companies:
1.
companies to which the State assets regulatory authority under
the State Council acts as the capital contributor and companies
in which 50% of the capital has been made by the above mentioned
companies;
2. foreign
invested companies;
3.
companies that shall be registered by the State General
Administration of Industry and Commerce in accordance with the
provisions of laws, administrative regulation or the decisions
of the State Council;
4.
companies that shall be registered by the State General
Administration of Industry and Commerce in accordance with the
regulations
Article 7.
The administrations for industry and commerce at the level of a
province, autonomous region or municipality directly under the
Central government are responsible for the registration of the
following companies in areas under their respective
jurisdiction:
1.
companies to which the State assets regulatory authority under
the people's government acts as the capital contributor and
companies in which 50% of the capital has been made by the above
mentioned companies;
2.
companies established by natural persons that shall be
registered by the provincial level administrations for industry
and commerce according to its provisions;
3.
companies that shall be registered by the provincial level
Administration of Industry and Commerce in accordance with the
provisions of laws, administrative regulation or the decisions
of the State Council;
4.
companies of which the registration is entrusted by the State
General Administration Bureau for Industry and Commerce.
Article 8.
The administration of industry and commerce of a municipality
(region) that has districts under it, the county level
administration of industry and commerce, and the branch of the
administration of industry and commerce in a municipality
directly under the Central government, as well as the branch at
the district level of a municipality directly under the Central
government which has districts under it, are responsible for the
registration of the following companies in the area under its
respective jurisdiction:
1.
companies other than those listed in articles 6 and 7 of this
set of regulations;
2.
companies authorised to be registered by the State General
Administration of Industry and Commerce and provincial level
administration of industry and commerce.
The
specific registration administration as mentioned in the
previous paragraphs will be worked out by the administration of
industry and commerce at provincial level, autonomous region and
municipality directly under the central government, however, the
registration of companies limited by shares will be registered
with the municipal level administration of industry and commerce
of a city that has districts under it.
Chapter
III Registered Items
Article 9.
The registered items of a company include:
1. title,
2.
domicile,
3. legal
representative,
4.
registered capital,
5. actually
paid in capital,
6. type of
enterprise,
7. business
scope,
8. term of
operation,
9. names or
titles of shareholders of a limited liability company or of
promoters of a company limited by shares, as well as the amount
of capital committed and actually paid in, time of contribution,
and method of contribution.
Article 10.
A company's registered items shall be in conformity with
provisions of law and administrative regulations. In cases where
they do not conform, the company registration authority shall
refuse to register the said company.
Article 11.
A company's name shall conform to the relevant provisions of the
State. A company may only have one name. The company's name
which has been approved to be registered by the company
registration authority is protected by law.
Article 12.
A company's domicile is the place where the company's
administrative body is located. A company shall only have one
domicile which has been registered by the company registration
authority. The company's domicile shall be within the
jurisdiction area of the company registration authority.
Article 13.
Except where the law and administrative regulations otherwise
provide, the registered capital and actual paid in capital of a
company shall be expressed in Renminbi (RMB).
Article 14.
The way of contribution by shareholders shall conform to the
provisions of article 27 of the Company Law. In cases where the
contribution by the shareholders is in the form of currency,
kind, intellectual property, land use right, and other property,
the methods of registration shall be worked out by the State
General Administration of Industry and Commerce jointly with
other related authorities of the State Council.
Shareholders are not allowed to valuate and contribute in the
form of labour, credit, nature of a natural person, business
reputation, franchise, or property which has been placed on
pledge.
Article 15.
The business scope of a company will be defined by the articles
of association of the company and be registered according to
law.
Terminology
of the business scope of the company shall follow the standards
of categorisation of the sectors of the national economy.
Article 16.
Types of company include Limited Liability Company and company
limited by shares.
For a
single person limited liability company, the wording of ¡§solely
funded by a natural person or a juridical person¡¨
shall be written on the company registration and on the business
license of the company.
Chapter
IV Registration of Establishment
Article 17.
The establishment of a company shall, upon application, be
subject to pre‑approval of its name.
Where the establishment of a company must be submitted for
approval in accordance with law or administrative regulations or
decisions of the State Council, or there are items in the
company's business scope that must be submitted for approval
before the registration in accordance with law or administrative
regulations or the decisions of the State Council, pre‑approval
of the company's name shall be conducted before submission for
examination and approval, and the examination and approval shall
be applied for in the name which has been approved by the
company registration authority.
Article 18.
When establishing a limited liability company, the name
pre‑approval shall be applied for with the company registration
authority by the representative appointed by all the
shareholders or by the agent entrusted jointly by all the
shareholders. When establishing a company limited by shares, the
name pre‑approval shall be applied for with the company
registration authority by the representative appointed by all
the promoters or by the agent entrusted jointly by all the
promoters.
To apply
for name pre‑approval, the following documents shall be
submitted:
1.
application for name pre‑approval signed by all the shareholders
of the limited liability company or by all the promoters of the
company limited by shares;
2. proof of
the representative appointed by all the promoters or of the
agent entrusted jointly by all the promoters;
3. other
documents required by the State General Administration of
Industry and Commerce.
Article 19.
The period of retention of a company's name as pre‑approved is
six months. In the period of retention, the company's name as
pre‑approved shall not be used in business activities, nor shall
it be assigned.
Article 20.
When establishing a limited liability company, the registration
of establishment shall be applied for with the company
registration authority by the representative appointed by all
the shareholders or by the agent entrusted jointly by all the
shareholders. When establishing a wholly state‑owned company,
the registration of establishment shall be applied for by the
state assets regulatory body at the same level with the local
people's government as authorised by the State Council or by the
local people's government as an applicant.
Where the
establishment of a limited liability company must be submitted
for examination and approval in accordance with any law,
administrative regulations or decisions of the State Council,
the registration of establishment shall be applied for within 90
days from the date of approval. Where the registration of
establishment is applied for beyond the time limit, the
applicant shall require the examination and approval authority
to confirm the effect of the original approval documents, or
submit for separate approval.
To apply
for establishing a limited liability company, the following
documents shall be submitted to the company registration
authority:
1.
application for registration of establishment signed by the
legal representative of the company;
2.
certificate of appointed representative or jointly entrusted
agent by all the shareholders;
3. the
company's articles of association;
4.
investment verification certificates issued by a legally
established investment verification authority, unless otherwise
specified by laws or administrative regulations;
5. in cases
where the first time contribution by a shareholder is not in the
form of currency, it shall provide testifying documents at the
time of company registration evidencing that it has completed
the formalities for the transfer of property right;
6. proof of
principal body qualifications of the shareholders or personal
identification of natural persons;
7.
documents indicating the names and residence of the company's
directors, supervisors and managers, and the certificates
relating to their appointments, elections or engagements;
8.
documents of tenure of office and identity certificate of the
company's legal representative;
9. the
Notification of the Company's Name Pre‑Approval;
10.
domicile certificate of the company;
11. other
documents requested by the State General Administration of
Industry and Commerce.
The first
contribution by a shareholder of a foreign invested limited
liability company shall conform to the provisions of laws or
administrative regulations, and the remainder of the capital
shall be paid within 2 years, starting from the day of
establishment of the company. For an investment company, the
capital shall be paid within 5 years.
Where any
law or administrative regulations or the decisions of the State
Council require that the establishment of a limited liability
company be subject to approval, the approval documents concerned
shall also be submitted.
Article 21.
To establish a company limited by shares, the board of directors
shall apply to the company registration authority for the
registration of the company. In the case of establishment by
means of offer, an application for establishment shall be filed,
within 30 days of the conclusion of the founding meeting, with
the company registration authority for registration of
establishment.
To apply
for establishing a company limited by shares, the following
documents shall be submitted to the company registration
authority:
1.
application for registration of establishment signed by the
legal representative of the company;
2.
certificate of appointed representative by the board of
directors or jointly entrusted agent;
3. the
company's articles of association;
4.
investment verification certificates issued by a legally
established investment verification authority;
5. in cases
where the initial contribution by a promoter is not in the form
of currency, it shall provide testifying documents at the time
of company registration evidencing that it has completed the
formalities for the transfer of property right;
6. proof of
principal body qualifications of the promoter or personal
identification of natural persons;
7.
documents indicating the names and residence of the company's
directors, supervisors and managers, and the certificates
relating to their appointments, elections or engagements;
8. identity
certificate of the company's legal representative;
9. the
Notification of the Company's Name Pre‑Approval;
10.
domicile certificate of the company;
11. other
documents requested by the State General Administration of
Industry and Commerce.
In the case
of establishing a company limited by shares by means of offer,
the meeting minutes of the founding meeting shall be provided.
In cases where a company limited by shares is set up by means of
offer and shares are issued publicly, the verification documents
issued by the State Securities Regulatory authority under the
State Council shall be provided.
Where any
law or administrative regulations or the decisions of the State
Council require that the establishment of a company limited by
shares be subject to approval, the approval documents concerned
shall also be submitted.
Article 22.
Where there are items in the company's business scope that must
be submitted for approval before the registration in accordance
with law or administrative regulations or the decisions of the
State Council, it shall obtain approval from the relevant
authority before proceeding with the registration, and the
approval documents shall be submitted to the company
registration authority as well.
Article 23.
Where any of the contents exist in the company's articles of
association which is contrary to any law or administrative
regulations, the company registration authority has the power to
require the company to make relevant amendments.
Article 24.
The domicile certificate of a company refers to the document
which can prove that the company has the right to use its
domicile.
Article 25.
A company founded according to law will be issued a Business
License of Enterprise Legal Person by the company registration
authority. The date of issuance of the business license will be
the date of establishment of the company. The company may, on
the strength of the Business License of Enterprise Legal Person
issued, make seals, open accounts with banks, and apply for
registration with the taxation authority.
Chapter V
Registration of Changes
Article 26.
To change some registered items, a company shall apply for
registration of modifications with the original company
registration authority.
Where the
registration of change has not been approved, the company shall
not presumptuously change any of the registered items.
Article 27.
When applying for registration of changes, a company shall
submit the following documents to the company registration
authority:
1. an
application for registration of change signed by the company's
legal representative;
2. a
resolution or decision for change made in accordance with the
Company Law;
3. other
documents required by the State General Administration of
Industry and Commerce.
Where a
company's change of registered items relates to amending the
company's articles of association, the amended articles of
association signed by the legal representative of the company or
the amendment of the articles of association shall be submitted.
In cases
where items modified need to be approved before registration as
per the provisions of laws, administrative regulations or
decisions of the State Council, the related approval documents
shall be provided to the company registration authority.
Article 28.
A company which changes its name shall apply for registration of
change within 30 days from the date of making the resolution or
decision on change.
Article 29.
A company, which changes its domicile, shall apply for
registration of change before it moves to the new domicile and
submit the certificate of using the new domicile.
Where the changed domicile goes beyond the jurisdiction area of
the company registration authority, the oompany shall apply for
registration of change with the company registration authority
in the place to which the company will move before it moves to
the new domicile. If the company registration authority in the
place to which the company will move accepts the application,
the original company registration authority shall transfer the
company registration files to the company registration authority
in the place to which the company will move.
Article 30.
A company which changes its legal representative shall apply for
registration of change within 30 days from the date of making
the resolution or decision of modification.
Article 31.
A company which changes its registered capital shall submit the
investment verification certificate issued by a legally
established investment verification agency.
In the case
of a company increasing its registered capital, when the
shareholders of a limited liability company contribute in the
form of subscribing newly increased capital and shareholders of
a company limited by shares subscribe new shares, they shall
follow respectively the related provisions of the Company Law on
capital contribution for the establishment of a limited
liability company and the payment of share money for the setup
of a company limited by shares.
In cases
where a company limited by shares increases its registered
capital by means of publicly issuing new shares or a publicly
listed company increases its registered capital by means of
issuing new shares not in a public manner, they shall provide
the verification documents issued by the securities regulatory
authority of the State Council.
In cases
where the legitimate reserve of the company is transferred into
the registered capital, the investment verification shall
specify clearly that the remaining part of the reserve shall not
be less than 25% of the registered capital before the increase.
A company
which reduces its registered capital shall apply for
registration of change within 45 days from the date of making
the public announcement of doing so. It shall also submit the
relevant certificates of the company's public notices of
reducing registered capital carried in a newspaper and the
explanations of the company's payment of debts or guarantee of
debts.
The reduced
registered capital shall not be less than the legitimate minimum
amount.
Article 32.
In cases where a company changes the actual paid in capital, it
shall provide the investment verification proof issued by a
legally established investment verification agency, and make the
contribution according to the time and way of contribution as
specified in the articles of association of the company. The
company shall apply for modification of registration within 30
days upon the full amount of the capital or share money being
paid.
Article 33.
A company which changes its business scope shall apply for
registration of change within 30 days from the date of making
the resolution or decision of change; Where the change of the
business scope relates to the items which must be submitted for
approval in accordance with law, administrative regulations or
decisions of the State Council, the registration of change shall
be applied for within 30 days from the date of approval from the
relevant State department.
In cases
where items within the business scope of a company which must be
approved in accordance with law, administrative regulations or
decisions of the State Council have been cancelled or the
licenses have been revoked, or other approval documents or
licenses have expired, the company shall, within 30 days of the
cancellation or expiration of licenses and other approval
documents, apply for registration modification or handle
cancellation registration in line with the provisions of chapter
VI of this set of regulations.
Article 34.
A company which changes its form shall, in accordance with the
establishment requirements of the company form of the company to
which the company intends to change, apply for registration of
change with the company registration authority within the
specified time limit and submit the relevant documents.
Article 35.
A limited liability company whose shareholders transfer its
shares, shall apply for registration of change within 30 days
from the date of transfer, and shall submit the principal body
qualification certificates of the new shareholders or the
identity certificates of natural persons.
Where a
natural person shareholder of a limited liability company passes
away, the legal heir shall inherit the qualifications of
shareholders and the company shall apply for registration
modification in line with the provisions of the previous
paragraph.
In cases
where the shareholders of a limited liability company or a
promoter of a company limited by shares changes its name or
title, the registration of change shall be applied for within 30
days from the change of name or title.
Article 36.
In cases where changes made to the company registration involve
items of registration of its branches, it shall apply for
registration modification of its branches within 30 days upon
the day of modification registration of the company.
Article 37.
Where the amendment of a company's articles of association does
not relate to the registered items, the company shall submit its
amended articles of association or its amendment of articles of
association to the original company registration authority for
the record.
Article 38.
Where there is a change in the directors, supervisors or manager
of a company, the company shall submit for record to the
original company registration authority.
Article 39.
A company which survives a merger or division, where its
registered items change, shall apply for registration of
alternation; A company which is dissolved due to a merger or
division shall apply for cancellation of registration; A new
company which is established due to a merger or division shall
apply for registration of establishment. A company which is
merged or divided shall apply for registration within 45 days
from the date of making the public announcement of the merger or
division, and shall submit the merger agreement and resolution
or decision of merger or division, the certificates of the
company's public notices of the merger or division carried in a
newspaper and the explanation of payment of the debt or of debt
assurance.
In cases
where laws, administrative regulations or decisions of the State
Council request that the merger or division of a company has to
be approved, the relevant approval documents shall also be
provided.
Article 40.
Where the change of registered items relates to the items
recorded on the Business License of Enterprise Legal Person, the
company registration authority shall issue a new business
license.
Article 41.
A company applying to the company registration authority for
cancellation of modification registration in line with the
provisions of article 22 of the Company Law shall provide the
following documents:
1. letter
of application signed by the legal representative of the
company;
2. verdict
given by a people's court.
Chapter
VI Registration of Cancellation
Article 42.
When a company is dissolved, it shall undergo liquidation
according to law, and the liquidation group shall, within 10
days upon the setup of the team, communicate the names of
members of the team and persons responsible for the group to the
company registration authority for record filing.
Article 43.
In any of the following circumstances, the liquidation group
shall, within 30 days from the date of completing the
liquidation of a company, apply to cancel the company's
registration with the original company registration authority:
1. the
company is declared bankrupt as provided by law;
2. pursuant
to the provisions of the company's articles of association, the
term of operation of the company expires or one of the other
events which are grounds for the company to be dissolved occurs,
with the exception that a company exists by modifying its
articles of association.
3. a
resolution for dissolving the company is passed by the
shareholders' meeting or general meeting of shareholders or a
resolution is passed by the shareholders of a single‑person
limited liability company or board of directors of a foreign
invested company.
4. the
business license has been cancelled or the company has been
ordered to close down or be cancelled according to law;
5. having
been dissolved by the people's court according to law;
6. other
circumstances in which the company shall be dissolved as
specified in laws or administrative regulations.
Article 44.
When a company applies to cancel its registration, the following
documents shall be submitted:
1. an
application for cancellation of registration signed by the
person in charge of the company's liquidation group;
2. an
adjudication of bankruptcy or dissolution made by the court,
resolution or decision made by the company in accordance with
the Company Law or documents to order it to close down issued by
an administrative organ, or documents for the cancellation of
the company;
3.
liquidation report filed for record and confirmed at a meeting
of shareholders, general meeting of shareholders, shareholders
of a single‑person limited liability company, board of directors
of a foreign invested company or people's court or approval
authorities for a company;
4. the
Business License of Enterprise Legal Person;
5. other
documents that shall be submitted as provided by law or
administrative regulations.
In cases
where a wholly state owned company applies for cancellation of
registration, it shall also provide the decision made by the
state assets management authority. In cases where the company is
an important one as identified by the State Council, the
approval document issued by the people's government at the same
level shall also be provided.
In cases
where a company that has branches applies for cancellation
registration, it shall also provide proof of cancellation
registration of its branches.
Article 45.
A company shall be terminated after having been approved to
cancel the registration by the company registration authority.
Chapter
VII Registration of a Branch of a Company
Article 46.
A branch refers to the institution engaged in business
activities, set up by a company in another domicile. No branch
of a company has the status of an enterprise legal person.
Article 47.
The registered items of a branch include: the name, location of
business premises, person in charge and business scope.
The name of
a branch shall be in conformity with the relevant provisions of
the state.
The
business scope of a branch shall not exceed that of the company.
Article 48.
A company which establishes a branch shall, within 30 days from
the date of making the decision, apply for registration with the
company registration authority at the place where the branches
are to beset up; Where the establishment of a branch must be
submitted to the relevant department for approval as provided by
law or administrative regulations or decisions of the State
Council, an application for the registration shall, within 30
days from the date of approval, be submitted to the company
registration authority. To set up a branch, the following
documents shall be submitted to the company registration
authority:
1. an
application for registration of establishment of the branch
signed by the company's legal representative;
2. the
company's articles of association and a duplicate copy of the
Business License of Enterprise Legal Person sealed with the seal
of the company;
3. a
certificate of use of the business premises;
4.
post‑assumption documents and personal identification of the
persons responsible for the branch;
5. other
documents required by the State General Administration of
Industry and Commerce.
In cases
where laws, administrative regulations or the decisions of the
State Council specify that the setup of a branch needs to be
approved or the business scope of the branch involves items the
dealing of which has to be approved according to laws,
administrative regulations or the decisions of the State Council
before registration, it shall provide the related approval
documents.
In cases
where the company registration authority of the branch approves
the registration, it will issue a business license to the
branch. The company shall, within 30 days upon the day of
registration of the branch, go to the company registration
authority to handle record filing on the strength of the
business license of the branch.
Article 49.
Where a branch changes its registered items, an application for
the registration of alternation shall be submitted to the
company registration authority.
When
applying for registration of alternation, the application for
registration of change signed by the company's legal
representative shall be submitted. Where the name or business
scope undergoes changes, a duplicate of the company's Business
License of Enterprise Legal Person stamped with the seal of the
company shall be submitted. Where the changed business scope of
a branch relates to items that must be submitted for approval as
provided by law or administrative regulations or decisions of
the State Council, the approval documents from the relevant
department shall be submitted.
Where a
branch changes the location of its business premises, a
certificate of use of the new business premises shall be
submitted.
In the case
of changing persons responsible, the post assumption or removal
documents of the company and personal identifications shall also
be provided.
The company
registration authority shall issue a new Business License if it
approves the registration of change.
Article 50.
Where the branch of a company is cancelled, closed down
according to law, or has its business license written off, the
company shall, within 30 days from the date of making the
decision of withdrawal, file an application to the company
registration authority of the branch. When applying for
cancellation of registration, the application for cancellation
of registration signed by the company's legal representative and
the branch's Business License shall be submitted. After having
approved the cancellation of registration, the company
registration authority shall withdraw the branch's Business
License.
Chapter
VIII Registration Procedures
Article 51.
When applying for registration of a company or branch, an
applicant may go to the company registration authority to file
the application or file its application through mail, telegraph,
telex, fax, EDI, email and other means.
In the case
of application through telegraph, telex, fax, EDI, email and
other means, the contact details and address of the applicant
shall be provided.
Article 52.
The company registration authority shall, in line with the
following circumstances, make a decision of whether or not to
accept the application:
1. in cases
where the application document and materials are complete,
conform to the legitimate format, or the applicant has submitted
all supplementary application documents as per the request by
the company registration authority, the application shall be
accepted;
2. in cases
where the application document and materials are complete,
conform to the legitimate format, however, the company
registration authority considers that the application documents
and materials need to be verified, it shall decide to accept the
application and notify the applicant in writing for items to be
verified, reasons for so doing, and time given to complete the
requirements;
3. in cases
where the application document and materials contain mistakes
that can be corrected on the spot, the applicant shall be
allowed to make corrections on the spot, and the applicant will
be asked to sign or stamp on the place of change, specifying
date of change. Once the application documents and materials are
considered complete and conform to legitimate formats, a
decision of acceptance shall be made;
4. in cases
where the application document and materials are not complete or
do not conform to the legitimate format, the applicant will be
notified on the spot or in writing within 5 days once and for
all where to supplement. In the case of notification on the
spot, the application documents and materials will be returned
to the applicant. In the case of notification within 5 days, the
application documents and materials will be acknowledged to have
been received and a receipt to that effect issued. In cases
where no notification is made within the specified period of
time, the application will be considered as having been
accepted.
5. in cases
where the matter does not involve company registration or is not
considered falling within the scope of registration of the
authority, it shall decide on the spot that the application will
not be accepted and inform the applicant to apply to the related
administrative authorities.
The company
registration authority shall make a decision of whether or not
to accept the application within 5 days, starting from the day
of receiving the documents and materials in the case of
application through mail, telegraph, telex, fax, EDI, email and
other means.
Article 53.
With the exception of the decision to grant registration made in
line with the provisions of item 1 of paragraph 1 of article 54
of this set of regulations, a company registration authority
deciding to accept an application shall issue a Notification of
Acceptance of Company Registration. In the case of rejecting an
application, a Notice of Non‑Acceptance of Company Registration
shall be issued, with reasons and explanation of the right of
the applicant to file administrative reconsideration or lawsuits
according to law.
Article 54.
A company registration authority shall, for registration
applications it has decided to accept, make a decision of
whether or not to approve the registration within the specified
period of time in view of different circumstances:
In cases
where the application filed by an applicant at the company
registration authority is accepted, a decision of registration
shall be made on the spot;
In cases
where the application filed by an applicant through mail and
other means is accepted, a decision of granting registration
shall be made within 15 days, starting from the day of accepting
the application;
In the case
of application through telegraph, telex, fax, EDI, email and
others, the applicant shall, within 15 days of receiving the
Notice of Acceptance of Company Registration, provide the
original application documents and materials identical with
those submitted through telegraph, telex, fax, EDI, email and
others means, and conforming to the legal formats.
In cases
where the applicant delivers the application documents and
materials to the company registration authority, a decision to
grant registration shall be made on the spot. In cases where the
applicant delivers the documents through mail, a decision of
granting of registration shall be made within 15 days, starting
from the day of acceptance.
In cases
where the company registration authority fails to receive the
original of the application documents or materials within 60
days of the receipt of the Notice of Acceptance of Company
Registration, or the originals received do not conform to those
accepted by the registration authority, a decision of no
registration shall be made.
In cases
where the company registration authority needs to verify the
application document or materials, it shall make a decision of
whether or not to approve the registration within 15 days,
starting from the day of acceptance.
Article 55.
In cases where the company registration authority decides to
approve the pre‑verification of the company name, it shall issue
a Notice of Pre‑verification of the name of enterprise. In the
case of making a decision to grant company establishment
registration, it shall issue a letter of notice of establishment
registration, notifying the applicants to obtain the business
license within 10 days, starting from the day the decision is
made. In cases where a decision of agreeing to the modification
of company registration is made, the letter of notice of
modification registration shall be issued, notifying the
applicants to change the business license within 10 days of the
day the decision is made. In cases where a decision of company
cancellation registration is made, the letter of notice of
cancellation registration shall be issued and the business
license shall be reclaimed.
In cases
where the company registration authority makes a decision of not
to grant pre‑verification of names or no registration, it shall
issue a notice of rejection of name of enterprise, notice of
rejection of registration, and give reasons. The applicant will
also be notified of its right to file administrative
reconsideration or lawsuits according to law.
Article 56.
When a company conducts registration of establishment or
alternation, it shall pay a registration fee to the company
registration authority in accordance with the relevant
provisions.
When
drawing a Business License of Enterprise Legal Person, the fee
of establishment registration shall be paid at point eight
thousandth of the registered capital; Where the registered
capital exceeds RMB10 million, the fee for the excess part shall
be paid at point four thousandth of it; Where the registered
capital exceeds RMB100 million, the fee for the excess does not
need to be paid.
When
drawing a Business License, the fee of establishment
registration is RMB 300.
When
changing the registered items, the fee of alternation
registration is RMB100.
Article 57.
The company registration authority shall record the company's
registered items on the company register and make it available
to the public to view or duplicate.
Article 58.
The announcement to revoke the Business License of Enterprise
Legal Person and the Business License is issued by the company
registration authority.
Chapter
IX Annual Inspection
Article 59.
In every year from March 1 through June 30, the company
registration authority shall conduct an annual inspection of
companies.
Article 60.
According to the requirements of the company registration
authority, a company shall accept the annual examination within
the fixed time, and submit an annual inspection report, an
annual balance sheet, a profit and loss statement and a copy of
the Business License of Enterprise Legal Person.
In the
documents of annual inspection submitted by a company which has
established a branch or branches, the relevant situations of the
branch(s) shall be clearly reflected, and a duplicate of the
branch's Business License shall be submitted.
Article 61.
The company registration authority shall, according to the
documents of annual inspection submitted by a company, examine
the circumstances relating to the company's registered items.
Article 62.
A company shall pay the annual inspection fee to the company
registration authority. The annual inspection fee is RMB 50.
Chapter
X Administration of Certificates,
Licenses
and Files
Article 63.
The Business License of an Enterprise Legal Person and the
Business License are divided into an original and a duplicate
both of which have equal legal status.
The
original of the Business License of Enterprise Legal Person or
of the Business License shall be placed in a prominent position
in the company's domicile or the business premises of the
branch.
The company
may, according to operational needs, apply to the company
registration authority for a duplicate of its business license.
Article
64. No unit and individual shall forge, alter, lease, lend or
assign the business license.
If the
Business License is lost or damaged, the company shall announce
it invalid in the newspaper and periodical designated by the
company registration authority, and shall apply for a reissue.
In cases
where the company registration authority makes a decision of
modification registration, cancellation registration and
cancellation of modification registration, and the company
involved does not hand in or cannot hand in its business
license, the company registration authority shall make a public
announcement to declare the business license invalid.
Article 65.
The company registration authority may temporarily detain the
business license which needs confirmation, and the time limit of
detention shall not exceed 10 days.
Article 66.
Borrowing and reading, copying, carrying and duplicating the
documents of company registration files shall be conducted in
accordance with the limits of authority and procedure as
prescribed by law.
No unit and
individual shall revise, deface, mark or destroy the documents
of company registration files.
Article 67.
The forms of the original and duplicate of the business license
and the forms and the tables of important official documents
concerning company registration are formulated unitarily by the
State General Administration of Industry and Commerce.
Chapter
XI Legal Liabilities
Article 68.
A company which by providing false reports of its registered
capital has obtained registration shall be ordered to remedy the
situation and fined at least five per cent and no more than
fifteen per cent of the amount of the registered capital falsely
reported by the company registration authority. If the case is
serious, the company's registration shall be cancelled and the
business license withdrawn.
Article 69.
A company which presents false documents or employs other
deceptions to obtain registration shall be ordered to remedy the
situation and fined at least RMB 50,000 and no more than RMB
500,000 by the company registration authority. If the case is
serious, the company's registration shall be cancelled and the
business license withdrawn.
Article 70.
A promoter or shareholder of a company falsifying its
contribution and failing to deliver or deliver on schedule its
contribution in currency or in kind shall be ordered to remedy
his wrongs and fined at least five per cent and no more than
fifteen per cent of the capital which has been falsely
contributed.
Article 71.
A promoter or shareholder who illicitly withdraws his capital
contribution after the establishment of the company shall be
ordered to correct his wrongs and fined at least five per cent
and no more than fifteen per cent of the capital contribution
illicitly withdrawn.
Article 72.
A company which, without justification, fails to commence
business more than six months after establishment or ceases to
do business for more than six consecutive months after
commencing business shall have its business license cancelled by
the company registration authority.
Article 73.
When a company changes its registered items, but fails to carry
out a change of registration as required by the provisions, the
company registration authority shall order it to register such
changes within a time limit; Failure by the company to do so
within the time limit, shall result in it being subject to a
fine of at least RMB 10,000 and no more than RMB 100,000.
In cases
where the changes to the scope involves items that require
approval according to law, administrative regulations and
decisions of the State Council but the company fails to obtain
approval, the company is not allowed to conduct the related
operations. In the case of violation and the violation is
serious, the business license shall be cancelled.
In cases
where a company fails to handle the related record filing
procedures as requested, the company registration authority
shall order it to handle the said procedures within a specified
period of time. Failure to do so will result in a fine up to RMB
30,000.
Article 74.
In the event of a merger, division, reduction of registered
capital or liquidation, if the company does not send notice to
or publish a public notice to its creditors in accordance with
the relevant provisions, it shall be ordered to remedy the
situation and be subject to a fine of at least RMB 10,000 and no
more than RMB 100,000 by the company registration authority.
In the
course of liquidation, when the company is found to be
concealing property, making false entries on the balance sheet
or list of property or distributes property of the company
before paying off debts, the company registration authority
shall be responsible for ordering a rectification. The company
will also be subject to a fine between 5% and 10% of the value
of concealed property or property distributed before paying off
debts. Persons directly in charge and others directly
responsible shall be subject to a fine between RMB 10,000 and
100,000.
In cases
where the company conducts operations not related to liquidation
within the liquidation period it shall be warned by the company
registration authority and have its illegal income confiscated.
Article 75.
If a liquidation group does not file a liquidation report with
the company registration authority in accordance with the
relevant provisions, or the liquidation report conceals
important facts or contains significant omissions, the wrongs
shall be ordered to be remedied by the company registration
authorities.
In cases
where members of the liquidation team abuse their powers to seek
personal gains, illegal income or take property of the company,
the company registration authority shall be responsible for
ordering them to return the property taken to the company,
confiscating their illegal income, and imposing on them a fine
of 1 to 5 times that of their illegal income.
Article 76.
A company which does not accept annual inspection in accordance
with the relevant provisions shall be fined at least RMB10,000
and no more than RMB100,000 and required to accept the annual
inspection within a fixed time limit by the company registration
authority. If the company does not yet accept the annual
inspection at the expiration of the specified period, its
business license shall be revoked. A company who conceals the
real situation and is fraudulent shall be fined at least
RMB10,000 and no more than RMB50,000 by the company registration
authority, and shall be ordered to remedy the wrongs within a
fixed time limit. If the case is serious, the company's business
license shall be revoked.
Article 77.
A company which forges, alters, rents, lends or assigns its
business license shall be fined at least RMB10,000 and no more
than RMB100,000 by the company registration authority. If the
case is serious, the business license shall be revoked.
Article 78.
A company which does not place its business license in a
prominent position at the company's domicile or the business
premises shall be ordered to remedy the situation by the company
registration authority. If the company refuses to remedy, it
shall be fined at least RMB1,000 and no more than RMB5,000.
Article 79.
In cases where an agency handling valuation, investment
verification or attestation provides false materials, the
company registration authority shall be responsible for
confiscating the illegal income and imposing a fine between 1 to
5 that times of the illegal income. The relevant competent
authorities may order the agency to stop business according to
law, revoke the qualification certificates of the persons
directly responsible, and write off the business license.
In cases
where an agency providing valuation, investment verification or
attestation services provides reports containing major omissions
due to mistakes at work, the company registration authority
shall ask it to rectify and may impose a fine of 1 to 5 times
that of the illegal income in cases where the wrongdoing is
serious. The relevant competent authorities may order the agency
to stop business according to law, revoke the qualifications
certificates of the persons directly responsible, and write off
the business license.
Article 80.
A company not lawfully registered as a limited liability company
or a company limited by shares but falsely making use of the
title "limited liability company" or "company limited by
shares", or the branch of a company not lawfully registered as a
limited liability company or a company limited by shares but
falsely making use of the title of the branch of a "limited
liability company" or "company limited by shares" shall be
ordered to remedy the situation or be banned by the company
registration authority, and it may also be subject to a fine up
to RMB100,000.
Article 81.
If the company registration authority registers a company which
does not meet the registration requirements as provided or
refuses to register a company which has met the registration
requirements as specified, the personnel in charge of the matter
who have direct responsibility and other personnel with direct
responsibility shall be subject to administrative sanctions in
accordance with the law.
Article 82.
If a higher level company registration authority orders a lower
level company registration authority to register a company which
does not meet the registration requirements as provided or
refuse to register a company which has met the registration
requirements as specified, or covers up an unlawful
registration, the personnel in charge of the matter who have
direct responsibility and such other persons with direct
responsibility shall be subject to administrative sanctions in
accordance with the law.
Article 83.
A foreign company which violates the provisions of the Company
Law by setting up branches inside China without permission will
be ordered by the company registration authority to rectify or
close down its branches, and pay a fine between RMB 50,000 and
RMB 200,000.
Article 84.
In cases where a party engages in serious illegal acts harming
the national safety and social public benefits in the name of a
company, the company will have its business license cancelled.
Article 85.
This chapter shall apply to branches of a company that are found
to be guilty of illegal acts specified in this chapter.
Article 86.
Violation of this set of regulations constituting a crime will
result in the investigation of the criminal responsibility of
parties concerned in accordance with the law.
Chapter XII Supplementary Articles
Article 87.
These
Regulations apply to the registration of companies with foreign
investment. Where the laws on enterprises with foreign
investment provide otherwise, the provisions of such laws apply.
Article 88.
In cases where laws, administrative regulations or decisions of
the State Council require that the establishment of a company
shall be approved or the business scope of a company involves
items the dealing of which requires approval before registration
according to law, administrative regulations or decisions of the
State Council, the State General Administration of Industry and
Commerce shall, in line with the provisions of laws,
administrative regulations or decisions of the State Council,
compile and release a catalogue of administrative licensing
before registration for enterprises.
Article 89.
The regulations comes into effect as of July 1, 1994.
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