What if the company is revoked?

After the company is revoked, it should be handled in the following ways: under normal circumstances, the company needs to set up a liquidation group first, notify the creditors and make an announcement; Then prepare the balance sheet and property list to formulate the liquidation plan; Secondly, according to the adopted liquidation plan, pay off; Then make a liquidation report; Finally, register and cancel according to law.

legal ground

Article 183 of People's Republic of China (PRC) Company Law

Where the company is dissolved due to the provisions of Item (1), Item (2), Item (4) and Item (5) of Article 180 of this Law, a liquidation group shall be established within 15 days from the date when the reasons for dissolution appear to start liquidation.

Article 185

The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days.

Article 186

After clearing up the company's property, preparing the balance sheet and property list, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation.

Article 188

After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.