What is the legal time limit for the company to cancel liquidation?

Legal analysis: After the company's business license is revoked, it shall organize liquidation within fifteen days. 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 the liquidation group is not established within the time limit, the creditors may apply to the people's court to appoint relevant personnel to form a liquidation group for liquidation.

Legal basis: Article 180 of People's Republic of China (PRC) Company Law is dissolved for the following reasons:

(1) The business term stipulated in the Articles of Association expires or other reasons for dissolution 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 down or revoked according to law; (5) The people's court shall dissolve it in accordance with the provisions of Article 182 of this Law.