Lanzhou Reduces Market Access Threshold And Cancels Minimum Registered Capital.

The Lanzhou municipal government issued the implementation plan of the registration system of registered capital in Lanzhou, and a series of changes will be made in the registered capital and other registration items.

From now on, Lanzhou will implement the registered capital subscribed registration system, cancel the limited liability company's minimum registered capital of 30 thousand yuan, the Limited registered capital of one person limited liability company 100 thousand yuan and other restrictions, Limited by Share Ltd's minimum registered capital of 5 million yuan limit, the company's paid capital is no longer a matter of industrial and commercial registration.

At the same time, we should actively implement the electronic business license, and choose the pilot to implement the whole process of electronic registration management when the conditions are ripe.

The threshold of a limited liability company with a minimum registered capital of 30 thousand yuan shall be abolished.

Lanzhou will further relax control over market access and reduce access threshold.

The registration system of registered capital shall be implemented.

The total amount of capital contributions subscribed by shareholders or the total amount of capital subscribed by the promoters (i.e. the registered capital of the company) shall be registered with the administrative department for Industry and commerce.

The shareholders of a company (initiators) shall make an independent agreement on their subscribed capital contribution, mode of contribution and duration of capital contribution, and shall record it in the articles of association.

At the same time, the conditions for registration of the registered capital shall be relaxed. Apart from the provisions of laws, administrative regulations and the State Council's decision to specify the minimum registered capital for specific industries, the restriction on the minimum registered capital of a limited liability company shall be 30 thousand yuan, the minimum registered capital of a one person limited liability company and the minimum registered capital of the Limited by Share Ltd shall be 100 thousand yuan and 5 million yuan.

No longer limiting the initial contribution ratio of all shareholders (promoters) when the company is established, it will no longer restrict the proportion of the total amount of money invested by the shareholders of the company to the registered capital, and no longer stipulate the time limit for the shareholders (sponsors) to pay the full amount of capital contributions.

In addition, the paid up capital of the company is no longer a matter of industrial and commercial registration.

The public announcement system will not be published for more than 3 years, and the annual inspection report will be included in the "blacklist".

The annual inspection and inspection system should be reformed and the annual inspection system of enterprises should be changed into an enterprise annual report publicity system.

Enterprises shall submit annual reports to the administrative departments for Industry and Commerce in accordance with the credit information publicity system of the market entities within the prescribed time limit, and publicize them to the public.

Upon examination, it is found that the enterprise's annual report conceals the true situation and falsification, and the administrative department for Industry and Commerce shall punish it according to law, and inform the relevant departments of public security, finance, customs, taxation, etc. of the legal representatives and responsible persons of the enterprises.

For enterprises that do not publicize annual reports in accordance with the prescribed time limit, the administrative departments for Industry and Commerce shall load them into the abnormal list of operations in the market credit information publicity system, and remind them to fulfill their annual reporting obligations.

If an enterprise fulfil its obligation to publicized annual reports within three years, it may apply to the Administration for Industry and Commerce for resumption of its normal record status; if it fails to perform for more than three years, the administrative department for Industry and Commerce shall permanently load it into an abnormal list of operations, and shall not resume its normal record status, and shall be listed in the list of severely illegal enterprises ("blacklist").

Electronic implementation of electronic business license and whole process electronic registration management

In the future, Lanzhou will also implement electronic business licenses and electronic registration management, providing identity authentication and electronic signature service guarantee for e-government and e-commerce.

The electronic business license contains industrial and commercial registration information and has the same legal effect as the paper business license.

We should promote the full application of electronic registration management methods, such as online application, online acceptance, online audit, online publicity and online issuance, which are supported by electronic business licenses, so as to raise the level of informatization, convenience and standardization of registration and management of market entities.

When the conditions are ripe, choose the pilot to implement the whole process of electronic registration management.

At the same time, simplification of name registration procedures, the name of the shop name, industry terms and other laws and regulations do not prohibit the use of, allowing enterprises to use.