Legal basis: Article 198 of the Company Law of People's Republic of China (PRC) violates the provisions of this law by falsely reporting registered capital, submitting false materials or concealing important facts by other deceptive means to obtain company registration, and the company registration authority shall order it to make corrections, and impose a fine of more than 5% 15% of the company's registered capital on the company that falsely reports 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.