Company law of China | 2023-03-04
In February 2023, the State Administration for Market Regulation authorities in the Yangtze River Delta region released the cases of severe law violations and untrustworthiness cases in 2022. Our editor selected three typical ones from the announcement as follows.
On November 25, 2021, the Hongkou District Market Supervision Bureau conducted an on-site inspection of Shanghai Jinrui Food Co., Ltd. and found that the company produced salted pork leg meat without permission in a residential building. After investigation, the parties produced pickled products without a license. They sold them to the outside world, and the parties confirmed that the value of the products sold was about 30,000 yuan, and the parties did not truthfully record and keep the relevant purchase vouchers and sales vouchers.
See the Knowaco company search report of this company here.
On December 9, 2021, law enforcement personnel from Hefei Changfeng County Market Supervision Bureau inspected Hefei Anxin Automobile Testing Co., Ltd. and found that the company was suspected of issuing false reports and other issues. After the investigation by the Changfeng County Market Supervision Bureau, the parties had problems such as a lack of inspection of the vehicle's anti-lock braking device and auxiliary braking device, failure to inspect the wheelbase, inability to carry out spot brake inspection for dynamic chassis inspection, and inconsistency between the initial braking speed issued by the test report and the initial braking speed reflected in the video, which is an act of issuing a false inspection and testing report. On July 11, 2022, the Changfeng County Market Supervision Bureau made an administrative penalty decision of 30,000 yuan on the parties following the relevant provisions of the Measures for the Supervision and Administration of Inspection and Testing Institutions.
On October 11, 2021, the party was sentenced to an administrative penalty of confiscating 79.76 yuan of illegal gains and fining 90,000 yuan by the Sucheng District Market Supervision Bureau of Suqian City for producing food that used food additives over the limit (the production dates of the food involved were May 11, June 1 and July 2, 2021).
- End -
Read more articles ...
Due diligence | 2023-01-26
A shell company is often without active business and significant assets and is sometimes used illegitimately. Therefore, identifying a company's actual business is an essential due diligence procedure for safe trade.1. It lacks essential information ......
Read the full article
Company law of China | 2023-01-29
1. BackgroundThe Administrative Measures for the List of Subjects with Seriously Illegal or Dishonest Acts under Market Regulation (the "List") has become effective since 1 September 2021. As early as 2014 to 2015, the State Council of China has alre ......
Search Chinese companies and get search automatically generated reports in minutes
See a sample report
Conduct a search
We write articles about knowledge and insights for conducting company searches and due diliegnce for Chinese companies. The articles are based on our extensive local experience.
Explore more articles
A checklist for conducting background checks
on a Chinese supplier before purchasing from it
Terms and conditions
Instant Company Search
Pre-deal Supplier Screening
Open Company Lists
Request a name research
Check order status
Retrieve a report
Contact for support
Subscribe to our product updates, special offers and articles.
We provide tools and services on public information search for companies in China. Our mission is to organize public business information in emerging markets and make it accessible through automated tools and value-added services to provide insights into your business decision.
© 2024 Knowaco.com - All rights reserved.