The cancellation of a company refers to the process of applying to the registration authority for cancellation and terminating its legal person status when the company declares bankruptcy, is acquired by other companies, the prescribed business term expires or the company is dissolved internally.
The cancellation of a company is generally due to some phenomena that do not exist in the law of the company. For example, the registration authority later found that there was something wrong with the information when the company was registered. Cancellation is a legal withdrawal of administrative license and a reason for the cancellation of the company.
A company is usually revoked because it violates relevant regulations or fails to fulfill its corresponding obligations, such as not having an annual report. Cancellation is a punishment for the company, and it is also a reason for the cancellation of the company. [2]
The cancellation of the company can be active, such as the expiration of the license, or passive. For example, after the company is cancelled or cancelled, it should be liquidated and cancelled according to law.
Legal basis: Article 16 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection, if the contents of tax registration of taxpayers engaged in production and business operations change, they shall report to the tax authorities for the change or cancellation of tax registration with relevant documents within 30 days from the date when the administrative department for industry and commerce handles the change registration or before applying for cancellation of registration with the administrative department for industry and commerce.