Is the liquidation company legal?

Legal analysis: Company liquidation refers to the legal act of clearing, disposing and distributing the company's property, creditor's rights and debts in accordance with legal procedures when the company is dissolved, so as to end the existing property and other legal relations, thus ending its creditor's rights and debts and thus eliminating the company's legal person status. Legal liquidation includes: 1, expiration of the business term stipulated in the articles of association or other reasons for dissolution stipulated in the articles of association; 2. The shareholders' meeting or shareholders' meeting resolves to dissolve; 3. The business license is revoked, ordered to close or revoked according to law; 4. The company has serious difficulties in operation and management, and its continued existence will cause great losses to the interests of shareholders. If it cannot be solved by other means, shareholders holding more than 0/0% of the voting rights of all shareholders of the company may request the people's court to dissolve the company. In case of the above reasons, a liquidation group shall be established within 15 days from the date of the dissolution, and liquidation shall be started.

Legal basis: Article 68 of the Civil Law of People's Republic of China (PRC) has one of the following reasons, and the liquidation and cancellation of registration are completed according to law, and the legal person is terminated: (1) the legal person is dissolved; (2) The legal person is declared bankrupt; (3) Other reasons prescribed by law. Where laws and administrative regulations stipulate that the termination of a legal person shall be approved by the relevant authorities, such provisions shall prevail.

Article 180 of the Company Law of People's Republic of China (PRC) is dissolved due to the following reasons: (1) The business term stipulated in the Articles of Association expires or other dissolution reasons stipulated in the Articles of Association occur; (2) The shareholders' meeting or shareholders' meeting decides to dissolve; (3) The company needs to be dissolved due to merger or division; (4) The business license is revoked, ordered to close or revoked according to law; (5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law.

Article 182 of the Company Law of People's Republic of China (PRC) * * * Company has serious difficulties in its operation and management, and its continued existence will cause great losses to shareholders' interests. If it cannot be solved by other means, shareholders holding more than 10% of all shareholders' voting rights of the company may request the people's court to dissolve the company.

Article 183 of the Company Law of People's Republic of China (PRC) If a company is dissolved in accordance with the provisions of Items (1), (2), (4) and (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.