Legal basis: People's Republic of China (PRC) Company Law.
Article 198 Whoever, in violation of the provisions of this Law, falsely reports the registered capital, submits false materials or conceals important facts by other deceptive means to obtain company registration, shall be ordered by the company registration authority to make corrections, and a fine of more than 5% 15% of the company's registered capital shall be imposed on the company that falsely reports the registered capital; Those who submit false materials or conceal important facts by other fraudulent means shall be fined between 50,000 yuan and 500,000 yuan; If the circumstances are serious, the company registration or business license shall be revoked.
Article 199 Where the promoters and shareholders of a company make false capital contributions and fail to deliver the monetary or non-monetary property contributions on time, the company registration authority shall order them to make corrections and impose a fine of not less than 5% but not more than 15% of the amount of false capital contributions.
Article 200 Where the promoters and shareholders of a company withdraw their capital contribution after the establishment of the company, the company registration authority shall order them to make corrections and impose a fine of more than 5% 15% of the withdrawn capital contribution.
Article 201 Where a company, in violation of the provisions of this Law, sets up accounting books in addition to the statutory accounting books, the financial department of the people's government at or above the county level shall order it to make corrections and impose a fine of not less than 50,000 yuan but not more than 500,000 yuan.
Article 202 Where a company makes false records or conceals important facts in the financial and accounting reports and other materials provided to the relevant competent departments according to law, the relevant competent departments shall impose a fine of not less than 30,000 yuan but not more than 300,000 yuan on the directly responsible person in charge and other directly responsible personnel.
Article 203 Where a company fails to withdraw the statutory reserve fund in accordance with the provisions of this Law, the financial department of the people's government at or above the county level shall order it to make up the amount that should be withdrawn, and may impose a fine of less than 200,000 yuan on the company.