Issued by: State Administration for Market Regulation
Issue No.: Order No.95 of the State Administration for Market Regulation
Release Date: December 20, 2024
Effective Date: February 10, 2025
Links: https://www.samr.gov.cn/zw/zfxxgk/fdzdgknr/fgs/art/2024/art.html
The Implementation Measures address a variety of widely-concerned issues in company registration. The following key points are particularly noteworthy:
1. Shareholders may contribute capital in the form of data and network virtual property in accordance with the provisions of the law;
2. It is clarified that for existing companies, a subscribed capital contribution period of more than 30 years or a registered capital of more than RMB one billion is considered a significant abnormality in capital contribution. The registration authority may require the company to make timely adjustments in accordance with the law;
3. It is reaffirmed that a limited liability company shall, within 20 working days from the date of information generation, publicize information such as the amount of subscribed and paid-in capital, the method of capital contribution, and the date of capital contribution of shareholders through the National Enterprise Credit Information Publicity System;
4. Efforts are made to break the deadlock in company deregistration. Specifically, if a company is unable to proceed with the deregistration procedures due to the death, deregistration, or revocation of the shareholder, the legal successor of the shareholder's equity or all the investors of the shareholder may legally act on behalf of the shareholder to complete the deregistration process.
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