Nanchang Company Cancellation

Nanchang Company Cancellation Service
Hotline: 86-755-82143348 Email: anitayao@citilinkia.com

Nanchang Company Cancellation refers to that a Nanchang company files an application to the related government department when shareholders decide to terminate the company. And the Nanchang company should follow all the other procedures to proper company dissolution.

Procedures of Nanchang Company Cancellation
In Nanchang, the procedures for company Cancellation is rather complicated, particularly in face of different kinds of departments. For a Nanchang company to be properly dissolved, the following procedures should be taken adopt of:
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. Cancelation of invoice, business license, and other registered information

Please note that before filing the application for Cancellation, you should close the corporate bank account and also make sure that there is no outstanding accounts receivable.

In What Circumstances Will Nanchang Company Cancellation Happen?
According to the related company law, a Nanchang company may have to be deregistered because of one of the following 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 cancelled;
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.

Time Required For Nanchang Company Cancellation
Normally, an officially process of Nanchang Company Cancellation in a whole will take around six months.

Contact Us
For further queries, you are welcome to visit ATAHK website www.3737580.net or email to susiehu@citilinkia.com  or contact any of the following branches, thank you.
HONGKONG TEL: 852-27837818      NANCHANG TEL: 86-791-88188098