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Corporate Service - China

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Q&A Regarding the Suspend Business of Beijing Market Entity (2)

Answer
Q:
What materials do market entities need to submit to apply for suspend business?
A:
Market entities shall submit the following materials when filing for suspend business:
  1. Application for filing of suspend business of market entities;
  2. Letter of commitment for filing of suspend business.
The applicant shall be responsible for the authenticity, legality and validity of the filing materials.

Q:
What are the changes after the market entity files for suspend business?
A:
The registration authority are to adjust the market entity to the status of " suspend business", and publicized the period of suspend business, legal document delivery address and other information to the society through the National Enterprise Credit Information Publicity System.

Q:
How to resume business after the suspend business of market entities?
A:
After filing for suspend business, the market entities shall be deemed to have resumed business under any of the following circumstances:
  1. The market entities independently decide to carry out business activities;
  2. The market entities has actually carried out business activities;
  3. It has been suspended business for 3 years in total;
  4. The period of suspend business applied by the market entities expires.
The market entities shall publicize the information in the National Enterprise Credit Information Publicity System within 30 days after the occurrence of the above situations 1 and 2. The market entities shall be deemed to resume business automatically after the occurrence of the circumstances in situations 3 and 4.

Q:
How should the market entities apply for change registration during the period of suspend business?
A: Where the market entities applies for change or filing registration during the period of suspend business, it shall first make a public announcement of resume business, and then apply to the registration authority for registration  of change or filing.

Q:
Do market entities still need to apply for annual reports during the period of suspend business?
A: Market entities during the period of suspend business shall continue to publish annual reports in accordance with regulations.

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