I. Definition and purpose of annual business report
The annual report for industry and commerce refers to the report submitted by an enterprise to the administrative department for industry and commerce on a regular basis according to legal requirements, which mainly includes the basic information, shareholders, operating conditions and financial conditions of the enterprise. Through the annual report of industry and commerce, government departments can understand the operating conditions of enterprises, supervise market operation and maintain market order. At the same time, the public can also learn about the credit status and operational strength of enterprises by consulting the annual industrial and commercial reports, and provide reference for investment decisions.
II. Necessity of annual business report of branches
As a branch of a company, a branch company plays an important role in economic activities, although it does not have the status of an independent legal person. Branches conduct business, sign contracts, own assets, etc. , need to fulfill the corresponding obligations according to law. Among them, the annual business report is a legal obligation that the branch must fulfill. By submitting the annual report, the branch can show its image of legal operation and standardized operation, and enhance public trust.
Three. Contents and requirements of the annual industrial and commercial report of the branch company
The annual industrial and commercial report submitted by the branch shall truly, accurately and completely reflect the company's operating status and financial status. Specifically, the contents of the annual report should include the basic information of the company, shareholders and capital contribution information, main business, financial status, tax payment, social security payment, violations of laws and regulations, etc. In addition, the branch shall also provide necessary supporting documents and materials according to the requirements of the administrative department for industry and commerce, such as financial statements and audit reports.
Fourth, the consequences of not submitting the annual business report on time.
If the branch fails to submit the annual industrial and commercial report on time or the information submitted is untrue, inaccurate and incomplete, it may face a series of legal consequences. For example, the administrative department for industry and commerce can impose penalties on branches, such as fines and inclusion in the business exception list. At the same time, this may also affect the credit rating and market reputation of the branch, which will have a negative impact on the long-term development of the company.
To sum up:
As a branch of the company, the branch company needs to make an annual business report according to law. By submitting true, accurate and complete annual report information, branches can show their image of legal operation and standardized operation, and enhance public trust. At the same time, it also helps branches to avoid legal risks and maintain a good market reputation and credit rating. Therefore, branches should attach great importance to the work of industrial and commercial annual reports to ensure that the annual reports are submitted on time and accurately.
Legal basis:
Company Law of the People's Republic of China
Article 164 stipulates:
The company shall prepare financial and accounting reports at the end of each fiscal year, which shall be audited by accounting firms according to law. Financial and accounting reports shall be prepared in accordance with laws, administrative regulations and the provisions of the financial department of the State Council.
Provisional Regulations on enterprise information publicity
Article 8 provides that:
An enterprise shall submit the annual report of the previous year to the administrative department for industry and commerce through the enterprise credit information publicity system from June 30th to/kloc-0 every year, and publicize it to the public. The annual report includes a brief introduction to the basic situation of the enterprise, major financial data and indicators, changes in share capital and shareholder information.
Regulations of People's Republic of China (PRC) Municipality on the Administration of Registration of Market Subjects
Article 35 provides that:
Market entities shall submit annual reports to the registration authority in accordance with the relevant provisions of the state, and publicize other information that should be publicized. The annual report and publicity information shall be true, accurate and complete, and shall not conceal the real situation or resort to deceit.