The publicity period for the cancellation of an enterprise is usually 30 days. During this period, the enterprise needs to set up a liquidation group and send a notice to the creditors within 10 days after the establishment of the liquidation group. Creditors shall declare their claims within 30 days after receiving the notice; If the notice is not received, the creditor's rights shall be declared to the liquidation group within 45 days from the date of publicity. The company registration authority shall publicize the cancellation of the enterprise through the enterprise credit information publicity system. After the publicity period expires and there is no objection, the company may apply to the registration authority for cancellation of registration and complete the cancellation procedures.
Legal consequences of company cancellation:
1. Liquidation of creditor's rights and debts: after the cancellation of the company, the creditor's rights and debts of the company need to be liquidated, and after all the debts are handled, the remaining property will be distributed according to the proportion of shareholders' investment;
2. The legal person qualification disappears: after the company completes the cancellation of registration, the legal person qualification terminates and it no longer has the ability to bear civil liability independently;
3. Change of trademarks and patents: When the company cancels, it needs to transfer or cancel its trademarks, patents and other intellectual property rights;
4. Tax treatment: the company needs to complete the tax cancellation before cancellation to ensure that all tax issues have been properly handled;
5. File management: After the cancellation of the company, the relevant files shall be properly kept in accordance with the law for reference and utilization.
To sum up, the public notice period for cancellation of an enterprise is 30 days, during which a liquidation group needs to be established to notify creditors to declare their claims. If there is no objection at the expiration of the publicity period, the cancellation procedures can be handled.
Legal basis:
Company Law of the People's Republic of China
Article 185
The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group. When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights. During the declaration of creditor's rights, the liquidation group shall not pay off the creditors.