China Company Cancellation Services
Hotline: 86-755-82147392, Email:info@citilinkia.com
What is China Company Cancellation ? Definition for China Company Cancellation
China Company Cancellation means a company must file an application with related government department. Owners should follow all the other steps to proper company dissolution.
Situation & Circumstances for China Company Cancellation
According to the related company law, China company can be deregistered, with these reasons:
1. The business operation term as agreed in the company’s Articles of Association becomes expired or other condition for dissolution as agreed in the Articles of Association for dissolution occurs;
2. Resolution of dissolution is made by the meeting of shareholders;
3. The company is merged or separated and the company will not exist any more;
4. The business license is revoked by government, or the company is ordered to be closed or canceled;
5. There is serious difficulty in company’s operation and management and the shareholder’s interest may suffer great loss if the company continues to operate. Shareholders who holding ten percent or above voting right may file to the court for dissolution if negotiation among shareholders fails.
China Company Cancellation process:
In China the procedures for Company Cancellation is rather complicated, particularly in face of different kinds of departments. For a China company to be properly dissolved, the following process includes:
1. Formal corporate action (liquidation procedure)
2. Filing with the appropriate government department
3. Statutory notice to creditors
4. Processing of all creditor claims
5. Sale and distribution of all remaining assets
6. Cancellation of invoice, business license, and other registered information.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82148419, or emailing to info@citilinkia.com