ANNOUNCEMENT ON SOLICITING PUBLIC COMMENTS ON THE MEASURES FOR IMPLEMENTING THE ADMINISTRATION OF ENTERPRISE NAME REGISTRATION (DRAFT FOR COMMENTS) (THE “DRAFT”) (国家工商行政管理总局关于《企业经营范围登记管理规 定（征求意见稿）》公开征求意见的公告), ISSUED BY THE STATE ADMINISTRATION FOR COMMERCE AND INDUSTRY (“SAIC”)
The Draft amends the current version of Measures for Implementing the Administration of Enterprise Name Registration issued in 2004 (“2004 Provisions”), among which we highlight the following changes:
- It substitutes the current division between “general business items” and “licensed business items” by a division between (i) business items subject to license before registration (“Pre-registration License”) and (ii) business items not subject to Pre-registration License but subject to approval after registration as required by law or regulations (“Post-registration Approval”).
- The Draft requires enterprises to disclose the approval document and other relevant information of the Pre-registration License or Postregistration Approval to the Enterprise Credit Information Disclosure System within 20 working days after (i) incorporation of the enterprise in the case of Pre-registration License, or (ii) obtaining the Post-registration Approval, as the case may be.
Date of issue: August 12, 2014.