(1) Establish a liquidation group. 1. The liquidation group of a limited liability company is composed of shareholders, and the liquidation group of a joint stock limited company is composed of directors or personnel determined by the shareholders' meeting. If a liquidation group is not established for liquidation within the time limit, the creditor may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation. 2. The company shall submit the filing materials to the industrial and commercial registration authority within 10 days from the date of the establishment of the liquidation group (2) the functions and powers of the liquidation group. 1. Clean up the company's property and prepare the balance sheet and property list respectively. 2. The formulation of liquidation plan and liquidation plan shall be reported to the shareholders' meeting/general meeting for resolution or the people's court for confirmation. 3. Notify and announce the creditors. 4. Deal with the company's outstanding business related to liquidation. 5. Participate in civil litigation activities on behalf of the company. 6. Clean up creditor's rights and debts. 7. Dispose of company assets. 8. Deal with employee problems. 9. Implement the confirmed liquidation plan and distribute the property. 10. Prepare the liquidation report. 1 1. Cancel the bank account. 12. Handling cancellation registration: (1) Handling cancellation announcement procedures; (2) go through the formalities of cancellation of registration. Article 183 Establishment and Formation of the Liquidation Group of the Company Law If a company is dissolved in accordance with the provisions of Item (1), Item (2), Item (4) and Item (5) of Article 180 of this Law, it shall set up a liquidation group within 15 days from the date when the reasons for dissolution appear and start liquidation. The liquidation group of a limited liability company is composed of shareholders, and the liquidation group of a joint stock limited company is composed of directors or personnel determined by the shareholders' meeting. If a liquidation group is not established for liquidation within the time limit, the creditor may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation. The people's court shall accept the application and promptly organize a liquidation group to carry out liquidation.
Legal objectivity:
Article 185 of the Company Law of People's Republic of China (PRC) * * * The liquidation group shall notify the creditors within ten days from the date of its establishment and make an announcement in the newspaper within sixty days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group. When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights. During the declaration of creditor's rights, the liquidation group shall not pay off the creditors.