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Q：
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Can the company establish two sets of accounting books?
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A：
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Any of the following acts shall be punished by the financial department of the people's government at or above the county level in accordance with the provisions of the Accounting Law of the People's Republic of China and other laws and administrative regulations:
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Establish separate accounting books outside of the legal accounting books;
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Provide financial accounting reports with false records or concealment of important facts.
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Q：
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What are the consequences of failing to notify creditors during company liquidation?
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A：
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Where a company fails to notify or announce creditors in accordance with the provisions of the Company Law when it merges, splits, reduces its registered capital or liquidates, the company registration authority shall order it to make corrections and impose a fine of not less than 10,000 yuan but not more than 100,000 yuan on the company.
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Q：
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What are the consequences of concealing assets during company liquidation?
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A：
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Where a company conceals assets during liquidation, makes false records on its balance sheet or list of assets, or distributes company assets before debts are paid off, the company registration authority shall order it to make corrections and impose a fine of not less than 5 percent but not more than 10 percent of the amount of company assets distributed before debts are paid off; A fine of not less than 10,000 yuan but not more than 100,000 yuan shall be imposed on the persons directly in charge and other persons directly responsible.
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Q：
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What are the consequences of not operating a company for a long time after its establishment?
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A：
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If a company fails to start business for more than six months without justifiable reasons after its establishment, or if it ceases business for more than six consecutive months after its establishment, the company registration authority may revoke its business license, except where the company suspension of business according to law.
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Q：
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What are the consequences of not applying for change registration when the company's registered items are changed?
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A：
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What are the consequences of not applying for change registration when the company's registered items are changed?
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FAQ
