Can an enterprise return its share capital before cancellation and liquidation?

The capital stock cannot be returned before the liquidation is cancelled. According to Article 113 of the Enterprise Bankruptcy Law, the bankrupt property shall be paid off in the following order after paying off the bankruptcy expenses and beneficial debts first: (1) The wages, medical care, disability allowance and pension expenses owed by the bankrupt to the employees shall be included in the basic old-age insurance and basic medical insurance expenses of the employees' personal accounts, as well as the compensation that should be paid to the employees according to laws and administrative regulations; (2) Social insurance premiums and taxes owed by the bankrupt other than those specified in the preceding paragraph; (3) Ordinary bankruptcy claims. If the bankruptcy property is insufficient to pay off the repayment requirements in the same order, it shall be distributed in proportion. The wages of directors, supervisors and senior managers of bankrupt enterprises shall be calculated according to the average wages of employees of the enterprise. Article 87 of the Partnership Law The liquidator shall perform the following affairs during the liquidation period: (1) Clean up the partnership property and prepare a balance sheet and a list of property respectively; (2) Handling the unfinished business of the partnership related to liquidation; (3) Paying the taxes owed; (4) Clearing up creditor's rights and debts; (5) Disposing of the remaining property of the partnership after paying off its debts; (six) to participate in litigation or arbitration activities on behalf of the partnership.