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How to apply for extending the term of time of a joint-venture after its operation period expires?
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| 2005-11-30 15:50:49 |
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After the operation period of a joint-venture expires, an application for extending the operation term of time must be submitted to the original examination and approval body within six (6) months after expiration if the parties of the joint-venture all assent continuing operation. The extension takes effect only after the application is approved by the examination and approval body and the corresponding variation procedure is completed at the State Administration for Industry and Commerce where the joint-venture registered.
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