1. If the company has no property, it shall apply to the court for enforcement. In reality, if the person subjected to execution is a company, the court will take measures such as sealing up, distraining and freezing during the execution, but most companies have no property available for execution. Once the company has no property, the court will order the book on the grounds that there is no property available for execution.
2. Legal basis: Article 262 of the Civil Procedure Law of People's Republic of China (PRC).
If the person subjected to execution fails to perform the obligations specified in the legal documents, the people's court may take or notify the relevant units to assist in taking measures such as restricting exit, recording in the credit information system, publishing information on non-performance of obligations through the media and other measures prescribed by law.
Article 263
In any of the following circumstances, the people's court shall make a ruling to suspend execution:
(1) The applicant indicates that the execution can be postponed;
(2) The outsider raises legitimate objections to the object of execution;
(3) A citizen who is a party dies and needs to wait for the successor to inherit the rights or assume the obligations;
(4) The legal person or other organization as a party terminates, and the successor of rights and obligations has not been determined;
(5) Other circumstances in which the people's court considers that execution should be suspended.
When the suspended situation disappears, execution will resume.
Second, what is the procedure of court enforcement?
1. After filing a case for review, the people's court shall, after receiving the application for execution and relevant legal documents, review whether the application for execution is legal and appropriate, whether the relevant legal documents are complete, whether the contents are clear, and whether the person subjected to execution has the ability to execute;
2. Notice of performance. When the people's court decides to enforce the obligor, it shall first notify the obligor to automatically perform the legal obligation within the prescribed time limit, otherwise it shall be enforced;
3. Prepare for enforcement, fill in the administrative enforcement certificate, and determine the plan and scheme for enforcement. Need assistance, it shall notify the units and individuals that have the obligation to assist in writing;
4, the implementation of compulsory execution, should show their identity, show their law enforcement certificates and execution basis, after the execution, shall notify the applicant in writing.