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Corporate Service - China

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Q&A Regarding the Compulsory Cancellation of Company Registration (1)

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Q: What is compulsory cancellation of company registration?
A: If a company fails to apply for cancellation of its company registration with the company registration authority within three years from the date of its business license being revoked, or being ordered to close down, or being dissolved, the company registration authority may compulsorily cancel the company's registration in accordance with relevant regulations, except where laws, administrative regulations, or decisions of the State Council stipulate that the company must obtain approval before cancelling its registration.

Q: Is it necessary to make an announcement when the registration authority compulsorily cancels a company's registration?
A: When the company registration authority intends to compulsorily cancel the company registration, it shall make an announcement through the National Enterprise Credit Information Publicity System.

Q: What is the announcement period for the registration authority to compulsorily cancel the company registration?
A: The announcement period shall be 90 days.

Q: What does the announcement of compulsory cancellation of company registration by the registration authority include?
A: The announcement includes the company name, domicile, legal representative, unified social credit code or registration number, statutory reasons for the proposed compulsory cancellation of registration, legal basis, opinions on the proposed compulsory cancellation of registration, objection methods, and the start and end dates of the announcement.

Q: What should creditors do if they have objections to the compulsory cancellation of company registration during the announcement period?
A: During the announcement period, if relevant departments, creditors, or other interested parties have objections to the proposed compulsory cancellation of company registration, they shall raise their objections to the company registration authority through the National Enterprise Credit Information Publicity System or in writing.

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