Re­vised record-fil­ing reg­u­la­tions

Global Times US Edition - - BIZUPDATE -

The Min­istry of Com­merce re­vised its in­terim reg­u­la­tions for the record-fil­ing sys­tem for for­eign-funded en­ter­prises on Sun­day.

Some items have been added to the re­vised reg­u­la­tions.

For in­stance, if a for­eign-funded com­pany wants to mod­ify the in­for­ma­tion of its ac­tual con­troller, it has to pro­vide the in­for­ma­tion of its eq­uity struc­ture with the ac­tual share­holder, ac­cord­ing to the com­merce min­istry.

Also, if a for­eign in­vestor uses eq­uity rights to pur­chase a do­mes­tic com­pany, the do­mes­tic firm has to pro­vide a cer­tifi­cate which can prove that the do­mes­tic com­pany is qual­i­fied to in­vest over­seas, said the min­istry.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.