What materials are required for foreign-invested enterprises to reduce capital?

by huiyun_moo on 2009-06-25 10:21:30

Materials Required for Capital Reduction of Foreign-Invested Enterprises:

1. Application letter from the investor; (original)

2. Board resolution of the enterprise; (must be unanimously passed by the board) (original)

3. Agreement among shareholders regarding capital reduction (for wholly-owned enterprises, a capital reduction decision); (original)

4. Contract and articles of association amendment agreement signed by the legal representatives of all shareholders (for non-wholly-owned enterprises) or an amendment decision on the articles of association (for wholly-owned enterprises); (original)

5. Audit report verified by a Certified Public Accountant in China (including balance sheet, list of assets, and list of creditors); (original)

6. Proof of normal tax payment issued by the State Taxation Administration and local taxation departments; (original)

7. Explanation of debt repayment or debt guarantee situation; (must be signed by the chairman and stamped) (original)

8. Capital reduction announcement in newspapers at or above the provincial level; (original)

9. Receipts of notifying creditors; (original)

10.