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Is there a clear time limit for the liquidation of the revoked business license?
Articles 40 and 46 of the General Principles of the Civil Law of People's Republic of China (PRC) and Articles 20 and 33 of the Regulations on the Administration of the Registration of Enterprise as a Legal Person in People's Republic of China (PRC) stipulate that after the business license of an enterprise as a legal person is revoked, the superior competent department of the enterprise or the enterprise shall organize a liquidation group to carry out liquidation according to law. After the liquidation procedure is completed and the industrial and commercial cancellation registration is completed, the enterprise as a legal person shall be eliminated.
Extended data:
According to the provisions of Articles 19 1 to 197 of the Company Law, the liquidation of the company after its business license is revoked shall be conducted according to the following procedures:
1. The relevant competent authorities are responsible for setting up the liquidation group.
2. Notify and announce creditors and declare creditor's rights.
3, clean up the company's property, prepare the balance sheet and property list. Then formulate the liquidation plan and report it to the relevant competent department for confirmation; When it is found that the company's assets are insufficient to pay off its debts, it shall immediately apply to the people's court for bankruptcy.
4. Collect creditor's rights, pay off debts and distribute the remaining property. Among them, the repayment of debts should be carried out in strict accordance with the order of paying liquidation expenses, employee wages and labor insurance expenses, paying taxes owed and paying off other debts of the company;
5. The liquidation is completed. After the liquidation, the liquidation group shall prepare a liquidation report, submit it to the relevant competent authorities for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.
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