the Ministry of Commerce Opinions of the Ministry of Commerce concerning relevant Issues on the Application for Extension Filed by Foreign-Capital Enterprises Shang Fa Han [2004] No.71 The departments in charge of commerce of all provinces, autonomous regions, municipalities directly under the central government and Whereas it is common in practice how to deal with the problem that the foreign-capital enterprises beyond the legal time limit file 1. In accordance with Article 13 of the Law of the People’s Republic of China on Chinese-foreign Equity Joint Ventures, Article 24 2. Where the enterprise with foreign investments applies for extending the period of operation later than the “prescribed time limit”, (1) Where the enterprise submits the application before 30 days prior to the expiration of period of operation (including 30 days), the (2) Where the enterprise submits the application within 30 days ahead of or after the expiration of period of operation, the examination 3. The extension application shall conform to the following conditions: (1) The total investors make unanimous consent of extending the period of operation after the expiration of the period; (2) The enterprise’ board of directors makes consent decision of extending the period of operation after the expiration of period; (3) Application shall, when it is submitted, subject to the relevant laws, regulations and industry policies governing the use of foreign The Ministry of Commerce of PRC November 11, 2004 |
the Ministry of Commerce
2004-11-11