Company Law
State Administration for Market Regulation, Implementing Measures for the Administration of Company Registration
国家市场监督管理总局公司登记管理实施办法
Where there is evidence showing that an applicant has obviously abused the independent status of corporate legal person or the limited liability of shareholders to maliciously divert property, evade debts or circumvent administrative penalties by means such as replacing the legal representative or shareholders, making a change to the registered capital or canceling the registration of the company, potentially jeopardizing the public interest, the company registrar shall deny the relevant registration or record filing in accordance with the law or, if the same has been carried out, revoke the same.