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Cancellation of company
Cancellation
of registration is a usual strategic decision for most investor. In China,
cancellation is a tedious, complicated and zigzag process which may cost the
investor around half a year. It is a fussy application that only a professional
agency like JS could solve it an effective and efficient way.
What’s more, if the
company is not dissolved in accordance with the program, the company's legal
representative will no longer be eligible to take charge of the legal
representative in three years, which means you will have many obstacles if you
plan to develop China market the next time.
A
company may be dissolved under one of the followin g circumstances:
(1) the
term of business operation as prescribed by the bylaw expires or any of the
situations for dissolution prescribed in the company's bylaw occurs;
(2) the shareholders' meeting or the
shareholders' assembly decides to dissolve the company; (3) it is necessary to
be dissolved due to merger or split of the company;
(4) the
business license is canceled, or it is ordered to close down or to be dissolved
according to laws; or
(5) it
is decided by the people's court to be dissolved according to Article 183 of
Company Law of PRC
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