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May a foreign-invested enterprise, which has finished its registration procedure, be allowed to reduce or increase its registered capital?
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| 2005-11-30 15:41:36 |
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A foreign-invested enterprise may increase its registered capital in its operation period provided that this decision must be submitted to the original examination and approval body for approval after it is assented and consented and formed a resolution in the board meeting.
If the applied increase of registered capital will be beyond the power of the original examination and approval body, such an increase shall be reported by the original examination and approval body to the higher examination and approval authority for examination and approval.
Usually, a foreign-invested enterprise is not allowed to reduce its registered capital in its operation period. This, however, may be reported to the original examination and approval body for approval in accordance with the national regulations concerned if the enterprise has its sound reasons to reduce its registered capital.
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