CHAPTER NINE BRANCHES OF FOREIGN COMPANIES
Article 199 Foreign companies may set up their branches to engage
in
production and business operations inside China according
to provisions of this law.
The term "foreign companies" used by this law refers
to companies incorporated outside the territory of China
according to foreign laws.
Article 200 In establishing a branch, a foreign company shall
file
an application with the Chinese department in charge and
submit its articles of association, registration certificate
issued by the country of register and other related
documents. After the approval is given, the branch of the
company shall go through the registration procedures according to law
and obtain business license.
The procedures for the examination and approval of
branches of foreign companies shall be formulated separately
by the State Council.
Article 201 In establishing a branch in China, a foreign
company shall appoint a representative or agent in charge of the
branch in China and appropriate the necessary funds compatible
with the operations of the branch.
When it is necessary to set a minimum for the operation fund
for a branch of a foreign company, it shall be
provided for separately by the State Council.
Article 202 A branch of a foreign company shall mark in its name
the
original country and form of its liability.
A branch of a foreign company shall deposit a copy
of the articles of association of the parent company in the branch.
Article 203 Though a foreign company is a legal person of the
said
foreign country, its branch in China shall not enjoy the status
of a legal person in China.
A foreign company shall bear the civil responsibility
for the operational activities of its branch in China.
Article 204 In carrying out operational activities in China,
a branch of a foreign company shall abide by the laws of China
and shall not harm the public interests. The legitimate rights
and interests of the branch shall be protected by law in China.
Article 205 Before closing its branch in China, a foreign
company shall clear the debts of the branch according to law
and conduct liquidation according to the liquidation procedures
provided for by this law. It is not allowed to more the assets of
the branch out of China before the debts are fully paid.
CHAPTER TEN LEGAL RESPONSIBILITIES
Article 206 If a company is found to have reported false
capital
amount, provided false certificates, or concealed important
facts by means of deception during registration in violation
of the provisions of this law, it shall be orde[1] [2] [3] [4] 下一页
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