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Corporate Service - China

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Q&A Regarding the Revoke of False Registration of Market Entity in Beijing (1)

Answer
Q:
What is false registration of market entity?
A:
The false registration of market entity refers to the behaviour of illegal elements who submit false materials or take other fraudulent means to conceal important facts and obtain registration of market entities under the identity of others.

Q:
Who can apply to revoke of false registration of market entity?
A:
Natural persons, Corporations and other organizations (hereinafter referred to as "applicants") affected by false registration may apply to the registration authority for revoke of false registration of market entity.

Q:
Where should I apply for revoke of registration when the registration authority of a falsely registered market entity has changed?
A:
Where the registration authority suspected of falsely registering a market entity is changed, the current registration authority shall be responsible for handling the revoke of registration, and the original registration authority shall assist in the investigation.

Q:
What materials need to be submitted to apply for revoking the registration of false market entity?
A: The applicant shall submit the following materials when applying for revoke of false registration:
  1. Revoking false registration application forms and commitment letters;
  2. The applicant's entity qualification documents or ID documents of natural persons;
  3. Materials that the legitimate rights and interests of the applicant are affected by false registration;
  4. Other materials deemed necessary by market regulation department.

Q:
How long does it take to revoke of false registration of market entity?
A: After receiving the application, the market regulation department shall review the application materials and decide on whether to accept it within 3 working days. After accepting the application, the investigation should be completed within 3 months and decide on revoking or not revoking the registration of market entity in time. If the case is significant, difficult to obtain evidence and other complex circumstances, it can be extended for 3 months with the approval of the head of the market regulation department.

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