The Interim Measures for the Administration of Foreign Exchange Registration of Foreign-invested Enterprises (No.Keiko Zi Han [1996] 187) stipulates: "An enterprise shall apply to the foreign exchange bureau at its place of registration within 30 days after receiving the Business License of People's Republic of China (PRC) Enterprise as a Legal Person." Indeed, you didn't register in time. With regard to punishment, the Regulations on Foreign Exchange Control in People's Republic of China (PRC) stipulates: "Article 41 If foreign exchange is remitted into China in violation of regulations, the foreign exchange control authorities shall order it to make corrections and impose a fine of less than 30% of the illegal amount; If the circumstances are serious, a fine of less than 30% of the illegal amount shall be imposed. "

This foreign exchange bureau has the final say. See if you can find someone to fight for less punishment or no punishment.