What will happen if the company does not cancel?

The consequences of the company's non-cancellation are: 1. If the company is not cancelled and the legal person qualification is not eliminated, shareholders, as liquidation obligors, need to participate in civil litigation activities on behalf of the company during the liquidation period; 2. The liquidation group has the obligation of liquidation and cancellation, and if losses are caused to creditors due to failure to go through cancellation registration, it shall bear corresponding responsibilities.

According to Article 68 of the Civil Law of People's Republic of China (PRC), if a legal person is liquidated according to law and goes through the cancellation of registration for one of the following reasons, it shall be terminated: (1) The legal person is dissolved; (2) The legal person is declared bankrupt; (3) Other reasons prescribed by law.

Where laws and administrative regulations stipulate that the termination of a legal person shall be approved by the relevant authorities, such provisions shall prevail.

According to Article 188 of the Company Law of People's Republic of China (PRC), 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.

Article 68 of the Civil Code of People's Republic of China (PRC): If liquidation and cancellation of registration are completed according to law for one of the following reasons, the legal person shall be terminated: (1) The legal person shall be dissolved; (2) The legal person is declared bankrupt; (3) Other reasons prescribed by law.

Where laws and administrative regulations stipulate that the termination of a legal person shall be approved by the relevant authorities, such provisions shall prevail.

Article 188 of the Company Law of People's Republic of China (PRC): 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.