The newly revised Interim Regulations on the Disclosure of Enterprise Information will come into force on May 1, 2024. Let's take a look at the most important changes!
01
It is clarified that the market supervision department can exercise it
Part of the authority
Article 16 has been added: The market regulation departments may exercise the following functions and powers when investigating and handling suspected violations of the provisions of these Regulations:
(1) Entering the business premises of the enterprise to carry out on-site inspections;
(2) Consulting, copying, and collecting contracts, bills, account books, and other materials related to the business activities of the enterprise;
(3) Investigate and understand the situation from units and individuals related to the business activities of the enterprise;
(4) Inquire into the bank accounts of enterprises suspected of violating the law in accordance with law;
(5) Other functions and powers provided for by laws and administrative regulations.
02
It is clarified that failure to report an annual report can be listed and punished
Where enterprises fail to disclose their annual reports within the time period provided for in these Regulations, or fail to disclose information on relevant enterprises within the time period ordered by the market regulation departments, the market regulation departments at the county level or above are to enter them into the directory of abnormal business operations and give administrative punishments in accordance with law.
03
The consequences of not having an annual report or making an untrue annual report are clarified
First, failure to report for two consecutive years may be revoked. Where an enterprise is included in the list of abnormal business operations for two consecutive years because it has not submitted an annual report in accordance with the provisions and has not made corrections, and it is impossible to get in touch through the registered domicile or business place, the market regulation department at or above the county level shall revoke its business license.
Second, the fine can be up to 200,000. Where enterprises conceal the true situation or falsify the information disclosed by enterprises, where laws and administrative regulations have provisions, follow those provisions; where there are no provisions, the market regulation departments are to order corrections and impose a fine of between 10,000 and 50,000 RMB; where the circumstances are serious, a fine of between 50,000 and 200,000 RMB is to be given, and they are to be entered into the List of the Untrustworthy with Serious Violations in Market Oversight and Management, and business licenses may be revoked.
Third, the person in charge is restricted from holding office. The legally-designated representative or responsible person of an enterprise entered into the List of the Untrustworthy with Serious Violations for Market Oversight and Management must not serve as the legally-designated representative or responsible person of another enterprise for 3 years.
Ladies and gentlemen
The annual report ends on June 30th!
Hurry up and report it!
Source: Hongshan Market Supervision and Management Online