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Q&A Regarding the Administrative Regulations of the People’s Republic of China on the Registration of Market Entities (8)

Answer
Q:
Must the market entities maintain domicile or main business premises during the period of discontinuation of business?
A:
No, the address for service of legal documents may be used instead of the domicile or main business premises.

Q:
Under what circumstances do the market entities need to apply for deregistration?
A:
The market entities to be terminated due to dissolution, declaration of bankruptcy or other legal reasons, shall apply to the registration authority for deregistration according to law.

Q:
In case the market entities applied for the special license (pre-approval) according to law, how to apply for deregistration?
A:
Market entities subject to pre-approval according to law, shall apply to the registration authority for deregistration after the approval is obtained.

Q:
What needs to be done if the market entities shall arrange liquidation according to law before deregistration?
A: Market entity to be liquidated before deregistration according to law, its liquidation group shall within 10 days from the date of establishment, announce the names of the members of the liquidation group and the person in charge of the liquidation group through the National Enterprise Credit Information Publicity System.

Q:
Is there any timing requirements for market entities to apply for deregistration after the liquidation group finishes the liquidation?
A: Yes, the market entities shall apply to the registration authority for deregistration within 30 days after the liquidation group finishes the liquidation.

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