Administrative punishment of listed companies

Legal analysis: The types of punishment of the Ministry of Finance are relatively simple, only one is decided by administrative punishment, while the China Securities Regulatory Commission has many types of punishment, including administrative punishment decision, notice of ordering rectification or making public informed criticism. Among the types of penalties imposed by China Securities Regulatory Commission, the administrative penalty decision and the public informed criticism are generally used separately, and the latter is less. The administrative penalty decision and the notice of ordering rectification are used at the same time, that is, the punished unit receives the administrative penalty decision and the notice of ordering rectification at the same time. The content of the penalty decision is mainly to order correction and fines, while the content of the notice of ordering rectification is basically an extension of the "order to correct" item in the administrative penalty decision. The content of the public informed criticism requires rectification in addition to public condemnation.

Legal basis: The types of administrative punishment stipulated in Article 8 of the Administrative Punishment Law of the People's Republic of China are: (1) warning; (2) a fine; (three) the confiscation of illegal income and illegal property; (four) ordered to suspend production or business; (5) Suspending or revoking the license; (6) Administrative detention; (seven) other administrative penalties prescribed by laws and administrative regulations.