What happens after the company is revoked?

After the company is revoked, a liquidation team shall be established within fifteen days to carry out liquidation. During the liquidation period, no business unrelated to liquidation shall be conducted. The legal representative shall not be changed. Make a distribution plan and then implement it. If it is not enough to pay off the debt, apply to the court for bankruptcy.

Legal basis

Article 180 of the "Company Law of the People's Republic of China"

The company is dissolved for the following reasons:

(1) The business period stipulated in the company's articles of association expires or other reasons for dissolution stipulated in the company's articles of association occur;

(2) The shareholders' meeting or general meeting of shareholders resolves to dissolve;

(3) ) The company needs to be dissolved due to the merger or division of the company;

(4) The business license has been revoked, ordered to close or revoked in accordance with the law;

(5) The People’s Court shall comply with Article 18 of this Law shall be dissolved in accordance with the provisions of Article 12.

Article 181

If a company falls under the circumstances specified in Item (1) of Article 180 of this Law, it may survive by amending its articles of association.

In accordance with the provisions of the preceding paragraph, the amendment of the company's articles of association must be approved by shareholders holding more than two-thirds of the voting rights for a limited liability company, and by two-thirds of the voting rights held by shareholders attending the general meeting of shareholders for a joint-stock company. The above passed.

Article 182

If the company encounters serious difficulties in its operation and management, and its continued existence will cause heavy losses to the interests of shareholders, and cannot be solved through other means, all shareholders holding the company Shareholders with more than 10% of the voting rights may request the people's court to dissolve the company.