What effect does the non-cancellation of business license have on shareholders?

Legal analysis: the possible consequences of not canceling the company's business license are as follows: if the company's business license is not reviewed for one year, the industrial and commercial bureau will automatically revoke its business license and list the company's legal person and shareholders in the blacklist of dishonesty; The operator of the revoked enterprise or individual may not be able to register the company again in his own name within three years, and his personal bad credit record will be maintained for seven years, and he may also face a fine; After the business license is not cancelled, legal persons and shareholders will not be able to go abroad or take high-speed trains or planes; Legal persons and shareholders will not be able to apply for immigration; Shareholders will not be able to borrow money and so on.

Legal basis: Article 179th of the Company Law of People's Republic of China (PRC). Where a company is merged or divided and its registered items change, it shall register the change with the company registration authority according to law. If the company is dissolved, it shall go through the cancellation of registration according to law; Where a new company is established, it shall be registered in accordance with the law. Where a company increases or decreases its registered capital, it shall register the change with the company registration authority according to law.

Article 42 of the Regulations of the People's Republic of China on the Administration of Company Registration is under any of the following circumstances, the liquidation group of the company shall apply to the original company registration authority for cancellation of registration within 30 days from the date of liquidation: (1) The company is declared bankrupt according to law; (2) The business term specified in the articles of association expires or other reasons for dissolution specified in the articles of association occur, except that the company survives by amending the articles of association; (3) The shareholders' meeting or general meeting decides to dissolve, or the shareholders of a one-person limited liability company or the board of directors of a foreign-invested company decides to dissolve; (4) The business license is revoked, ordered to close or revoked according to law; (5) The people's court is dissolved according to law; (6) Other circumstances of dissolution as stipulated by laws and administrative regulations.