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What will happen if the company does not cancel?
1. The consequences of not canceling the company are as follows:

(1) The company and the liquidation subject are the same litigation subject or the subject with liquidation responsibility is the litigation subject;

(2) If the company is cancelled abnormally and fails to participate in the annual inspection as required, its business license will be revoked, and its legal representative and shareholders will be blacklisted by the Industrial and Commercial Bureau, and the company cannot be registered within three years;

(3) The personal credit record of the bank is bad for seven years, and a fine is imposed;

(4) Taxes are permanently blacklisted.

2. Legal basis: Article 2 1 1 of People's Republic of China (PRC) Company Law.

A legally liable company that fails to open, close or register for change according to law within the time limit. If a company fails to start business for more than six months after its establishment without justifiable reasons, or fails to start business for more than six consecutive months after its establishment, the company registration authority may revoke its business license.

When the registered items of the company change, if the relevant change registration is not handled in accordance with the provisions of this law, the company registration authority shall order it to register within a time limit; Those who fail to register within the time limit shall be fined not less than 10,000 yuan but not more than 100,000 yuan.