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Corporate Service - China

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Q&A Regarding the Compulsory Cancellation of Company Registration (2)

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Q: What materials do creditors need to provide to raise objections to the compulsory cancellation of company registration during the announcement period?
A: If creditors or other interested parties raise objections, they shall provide reasons for the objections and the following materials:
  1. The name or designation of the objector, their subject qualification documents, and contact information;
  2. Materials indicating that the objector has a creditor-debtor relationship or other interest-related relationship with the company whose registration is proposed to be compulsorily cancelled;
  3. Other relevant materials.

Q: How long does the company registration authority need to review an objection application?
A: The company registration authority shall conduct a formal examination of the objection application materials within seven working days from the date of receiving the objection application.

Q: What is the review outcome of the opposition application by the company registration authority?
A: After examination, if the company registration authority determines that the objection is valid, it shall terminate the compulsory deregistration process; if it determines that the objection is invalid, it shall provide reasons and notify the applicant in writing.

Q: What should be done if the company's compulsory deregistration process is terminated?
A: If the compulsory deregistration process is terminated, the company proposed to be compulsory deregistered shall promptly carry out liquidation and apply for deregistration in accordance with the law.

Q: What are the consequences if a company fails to apply for deregistration after the compulsory deregistration process has been terminated?
A: If a company fails to apply for deregistration within three years from the date of termination of the compulsory deregistration process, the company registration authority may initiate the compulsory deregistration process again.

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