123883网址10中特

刷掴福繁酎屓軒壇薩利嫋 窟下扮寂20191118 ‐忖悶

  123883网址10中特

  

  20191118 >>‐123883网址10中特/>>RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

   RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

  RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

  <<|123883网址10中特|>>RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

   RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

   RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

   RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

   RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.RegulationsofShenzhenSpecialEconomicZoneonBusinessWriter:|Editor:LilyA|From:|Updated:2017-11-22  (Adoptedatthe33rdmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonJune30,1999;Revisedbythe31stmeetingofStandingCommitteeoftheSecondShenzhenMunicipalPeople¨sCongressonApril16,2004)  ChapterIGeneralProvisions  Article1Inordertoaffirmqualificationofmerchantsandstandardizecommercialacts,protectlawfulrightsandinterestsofmerchants,maintaintheorderofsocialistmarketeconomyandpromoteeconomicdevelopment,theseregulationsareherebyformulatedaccordingtobasicprinciplesoflawsandadministrativeregulationsandinlightofthespecificconditionsoftheSpecialZone.  Article2TheseregulationsshallbeapplicabletothemerchantsregisteredandestablishedinShenzhenSpecialEconomicZone(hereinafterreferredtoas^SpecialZone ̄)andthecommercialactscarriedoutwithinthejurisdictionofthecommercialregistrationorganizationsintheSpecialZone.  Article3Thelawfulrightsandinterestsofmerchantsshallbeprotectedbylaws,rulesandtheseregulations. WherethemerchantsconductcommercialactsintheSpecialZone,theyshallabidebytheprinciplesofjusticeandgoodfaithandshallnotinfringeuponthelawfulrightsandinterestsofothermerchantsandconsumersorengageinanyactivitiesdetrimentaltothesocialandpublicinterests.  Article4Merchantarticleandpartnershipagreementshallbeapplicabletothemattersthatarenotspecificallystipulatedbytheseregulationsandthecommerciallawofthestate,whereasthecivillawshallbeapplicableincaserelevantprovisionsabsentinthemerchantarticleandpartnershipagreement.  ChapterIIMerchants Article5Merchantsrefertonaturalpersons,legalpersonsandothereconomicorganizations,whichareregisteredaccordingtolawstoundertakecommercialactsastheirregularvocationintheirownnamesforthepurposeofmakingprofits.  Intheseregulations,merchantsreferto: (1)Limitedliabilitymerchants,includinglimitedliabilitycompaniesofallkindsandtheirsubsidiaries,enterpriseswithlegalpersonalityotherthancorporationsandtheirsubsidiaries;and  (2)Unlimitedliabilitymerchants,includingenterprisewithoutlegalpersonalityandtheirsubsidiaries,partnershiporganizationsandtheirsubsidiaries,individualbusinessesandothereconomicorganizations.  Intheseregulations,commercialactsrefertotheactssuchasproductionsandoperations,wholesaleandretailofcommodities,scienceandtechnologydevelopmentandprovisionofconsultingserviceandotherservices,whicharecarriedoutbythemerchants.  Article6Anyorganizationsofstatepowers,administrativeorganizations,judicialorganizations,procuratorialorganizations,militaryorganizationsorprimaryandhighschoolsinvestedbythegovernmentshallbeprohibitedtoestablishmerchantsandconductcommercialacts.Buttheprovisionsoflawsandregulationsshallbeapplicableincasetheystipulateotherwise.  Anystaffsinpostoftheabovementionedorganizationsormanagerialstaffsofstate-ownedenterprisesshallbeprohibitedtoestablishmerchantsandconductcommercialacts.  Article7Anyminorsundertheageof16shallnotestablishmerchantsandconductanycommercialacts.  Anyminorsorotherpersonswithoutfullcivilcapacityshallnotbecomepartnersofthemerchants.  ChapterIIIRegistrationofMerchants Article8Theestablishment,alterationandterminationofmerchantsshallbeappliedtotheRegistrationOrganizationaccordingtolaws,administrativeregulationsandtheseregulations.  Article9TheShenzhenMunicipalindustrialandcommercialadministrationdepartment,whichistheagencyforregistrationofmerchants(hereinafterreferredtoas^RegistrationOrganization ̄),shallhandlecommercialregistrationinaccordancewithlaws,administrativeregulationsandtheseregulations.  Article10Commercialregistrationsincluderegistrationoflimitedliabilitymerchantsandunlimitedliabilitymerchants. TheregistrationoflimitedliabilitymerchantsshallbehandledbytheRegistrationOrganizationinaccordancewithrelevantlawsandadministrativeregulations.  TheregistrationofunlimitedliabilitymerchantsshallbehandledbytheagenciesauthorizedbytheRegistrationOrganization(i.e.detachedoffices)accordingtotheseregulations.  Article11Theregistrationitemsofunlimitedliabilitymerchantsshallinclude:names,places(oraddresses),personsincharge,typesofenterprises,businessscope,operatingperiod,andthesubscribers¨orpartners¨names,addressesandidentitycardnumbers.  Article12Toestablishunlimitedliabilitymerchants,theapplicantsortheirconsigneesshallsubmittotheRegistrationOrganizationthefollowingdocuments:  (1)Applicationformsforcommercialregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Documentsofapprovalofnamesformerchants;  (3)Certificationofdomicilesoraddresses;  (4)Identificationpapersspecifyingtheitemssuchasnamesofpersonsincharge,subscribers,orpartners,etc;  (5)Partnershipagreementsofpartnershiporganizations;and  (6)OtherdocumentsrequiredbytheRegistrationOrganization.  Wheretheregistrationsofestablishmentarerequiredtobeappliedtorelevantdepartmentforapprovalaccordingtolawsandadministrativeregulations,theapplicantsortheirconsigneesshallsubmitthedocumentofratificationwhileapplyingfortheregistrations.  Article13WhereanapplicantsubmitsfalsecertificationdocumentstotheRegistrationOrganizationforestablishmentofunlimitedmerchant,heshallbeorderedtomakecorrectionsandbeimposedafineofRMB5,000bytheRegistrationOrganization;incasethecircumstancesareserious,heshallberevokedofhiscommercialregistration.  Anyonewhohasappliedforfalseregistrationorprovidedfalsecertificationdocumentsshallbearcorrespondinglegalliability.  Article14TheRegistrationOrganizationshallmakedecisionsonapprovalordisapprovalofregistrationwithin20daysuponthedatereceivingthedocumentsofapplicationforestablishmentofunlimitedliabilitymerchants.ThosewhoarequalifiedshallberegisteredandgrantedbusinesslicensesuniformlyprintedbytheRegistrationOrganization;thosewhoareunqualifiedshallnotberegisteredandshalleachbegivenawrittenreplywithproperreasonandbeinformedhisrightsofapplyingadministrativereconsiderationorfilingadministrativelawsuit.  Iftheapplyingmaterialssubmittedbyanapplicantareadequateandconsistentwithlegalforms,theRegistrationOrganizationshallmakeadecisiononthespotifit¨spossible.  Article15Thedateanunlimitedliabilitymerchantgrantedabusinesslicenseshallbethedateofitsestablishment. Afterobtainingabusinesslicense,anunlimitedliabilitymerchantmayhaveitssealsengraved,openaccountantswithbanksandapplyfortaxpaymentregistrationwithsuchlicensepresented.  Beforeobtainingabusinesslicense,anyunlimitedlimitedliabilitymerchantsshallnotconductanycommercialactsinthenameappliedforregistration.  AnyoneshallbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationincasetheyviolatethethirdparagraphofthisarticle.  Article16Whenanunlimitedliabilitymerchantrequirestochangehisregistereditems,heshallapplytotheoriginalRegistrationOrganizationforregisteringsuchchanges,whichshallregisterthechangesaccordingtolawiftheapplicationisconsistentwithlegalstandardsandrequirements.  AnyonewhochangesaregistereditemarbitrarilyinviolationoftheprecedingparagraphshallbeimposedadministrativepunishmentsbytheRegistrationOrganization. Article17AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforregistrationofclosureofbusinessincaseitplanstocloseitsbusinessforsixmonthsorabove.  Inviolationoftheaforesaidparagraphofthisarticle,anyoneshallbetemporarysuspendedofitsbusinesslicenseorrevokedofitsbusinesslicenseinaccordancewithrelevantlawsandadministrativeregulationsbytheRegistrationOrganization.  Article18Toterminatebusiness,anyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforcancellationofregistrationwiththefollowingdocumentspresented:  (1)Applicationformsforcancellationofregistration,whichareprintedbytheRegistrationOrganizationandsignedbysubscribersorpartners;  (2)Businesslicense;  (3)Debtandcreditliquidationreportssignedbysubscribersorpartners;  (4)Evidenceofpaymentofduty;and  (5)OtherdocumentsasrequiredbytheRegistrationOrganization. Anyoneshallnotapplytowriteoffregistrationofunlimitedliabilitymerchantwiththepurposeofevadingtheliabilityforthepaymentofdebtsheshouldactuallybear.  AnyonewhohaswrittenoffitsregistrationtoconcealdebtsintentionallyshallberevokedofregistrationofcancellationandbeimposedafineofnotlessthanRMB3,000butnotmorethanRMB5,000bytheRegistrationOrganizationoncecheckedandverified.  Article19AnyunlimitedliabilitymerchantshallapplytotheRegistrationOrganizationforannualinspectionandpresentrelevantdocumentsasrequiredbytheorganizationduring1stJanuaryto30thAprileveryyear.  AnyoneinviolationoftheaforesaidparagraphofthisarticleshallbeimposedafineofnotlessthanRMB500butnotmorethanRMB3,000,andbeorderedtoreceiveannualinspectionwithinthespecifiedtimelimitbytheRegistrationOrganization;incasetheoffenderfailstoacceptannualinspectionwithinthetimelimitspecified,itshallberevokedofitsbusinesslicenseaccordingtorelevantlawsandadministrativeregulations.  Article20Anylimitedliabilitymerchantandpartnershiporganizationshallissueapublicnoticeontheregistrationitemsapprovedwithin30daysfromthedateitsapplicationfortheregistrationofestablishment,alterationandcancellationapproved.Theitemsinthepublicnoticeshallbekeptinconformitywiththoseregistered.  AnyoneshallbeorderedtomakecorrectionswithinthetimelimitspecifiedbytheRegistrationOrganizationincaseitviolatestheaforesaidparagraphofthisarticle;incaseitfailstomakeanycorrectionswithinthetimelimitspecified,itshallbeimposedafineofRMB5,000.  Theregistrationitemsthathavenotbeenpublishedcannotbeinvokedtoresistanythirdparty.  Anypublisheditemsthatarenotinconformitywiththeregistereditemscannotbeinvokedtoresistanythirdparty;incaseanymistakeexistsinpublicationduetofaultandcausesdamagestothebonafidethirdparty,theoffendershallbearcorrespondingcivilliabilityforit.  Article21AnyonemayapplytotheRegistrationOrganizationforconsultingorduplicatingdocumentsrelevanttoregistrationofmerchantsotherthanthoseinvolvingcommercialsecretsofthemerchant.  Article22TheRegistrationOrganizationsshallexchangecommercialregistrationinformationwithcompetentauthoritiesinchargeoftaxation.  Article23AnyindividualbusinessmayberevokedofhisbusinesslicensebytheRegistrationOrganizationincaseheseriouslyviolatestheprovisionsrelevanttoregistrationofunlimitedliabilitymerchantsintheseregulations. Article24AnyapplicantwhothinkshisapplicationmettherequirementofestablishmentofmerchantbuthasbeenrefusedtoberegisteredbytheRegistrationOrganization,oranymerchantwhoobjectstothedecisionmadebytheRegistrationOrganizationontheadministrativesanctionrelatedtocommercialregistration,mayapplyforadministrativereconsiderationorfileanadministrativelawsuitbeforethepeople¨scourt.  Article25IncasethoseapplicantswhofailtomeettherequirementsforcommercialregistrationhavebeenapprovedtoberegisteredbytheRegistrationOrganization,thepersonsinchargeofsuchregistrationorpersonsdirectlyliableforsuchregistrationshallbesubjecttoadministrativesanctionsimposedbytheRegistrationOrganization;theoffendershallbeprosecutedforcriminalliabilityincasehecommitsacrime.  ChapterIVNamesofMerchantsandTransferofBusiness  Article26Merchantsshallhavetheirownnames. Namesofmerchantsshallbecomposedofthefollowingpartsinsuchproperorder:namesofadministrativeareas,shopnames,tradeorbusinessfeaturesandformoforganization.Lawsandadministrativeregulationsshallbeapplicableincasetheystipulateotherwise. Article27Merchantsmayusetheirownnamesasshopnames,butonlylimitedtothemerchantswhoseinvestorsarenaturalpersons.  Article28ShopnamesofmerchantsshallbecomposedofmorethantwoChinesecharacters.  Wordsorcontentofshopnamesthatareappliedtoberegisteredshallnot:  (1)damagetheinterestsofthestate,societyandpublic;  (2)containfeudalandsuperstitiouselements;  (3)becontrarytosocialethicsandaequumetbonum;  (4)containharmfulpoliticalmeaningorracialorethnicdiscrimination;  (5)usethesamenameasthatofanadministrativeareaatorabovethecountylevel;  (6)behomonymouscomparedwitharegisteredshopnameofanyotherperson,whichmaybemisunderstoodastheother'sshopname;  (7)becomposedofArabicnumeralsorlettersofforeignlanguages;or  (8)betheonesprohibitedtobeusedaccordingtolawsandadministrativeregulations. Article29Thepreliminaryexaminationsystemshallbeappliedtoregistrationofnamesofmerchants.IncasethenamesappliedforregistrationpassedtheexaminationandapprovedbytheRegistrationOrganization,theorganizationshallprovidedocumentsregardinguseofsuchnamesfortheapplicants.ThenamesapprovedshallberevokedbytheRegistrationOrganizationincasetheyhavenotbeenusedbytheapplicantswithin6monthsfromthedatesuchnameshavebeencheckedandapproved.  Article30AnyoneshallnotuseashopnamethathasbeenregisteredbyanyotherpersonwithintheSpecialZoneashisownwithintheSpecialZone,unlessotherwisetheyhaveinvestmentrelationshiportheyhaveagreedinafranchiseagreement.  Article31Theshopnamemaybeseparatelytransferredincaseitisdifferentfromtrademarkorcomposednotrademarkofthetransferor,butitcanbetransfertoonlyonetransferee.  TheshopnameornamethathasbeentransferredseparatelyshallnotbefurtherusedwithinthesamejurisdictionalareasoftheRegistrationOrganizationbythetransferor.  Thetransferofshopnamesornamewithoutregistrationcannotbeinvokedtoanythirdparty,thetransferorandtransfereeshallbearjointlyandseverallyliabilityforthepaymentofdebtsarisedtothethirdparty.  Anyoneshallbeorderedtomakecorrectionswithinthespecifiedtimelimit,orelseshallbeimposedafineofRMB5,000incaseheviolatesthefirst,secondandthirdparagraphsofthisarticle.  Article32Thetransferorsandtransfereesofabusinesstransfershallfulfillregistrationofalterationandgothroughotherproceduresconcernedaccordingtolaw. Article33Inthecaseofbusinesstransfer,operatingpropertiesincludingnamesshallbetransferred.TheRegistrationOrganizationshallautomaticallyrevokedthenamesresultedinthetransferincasethetransfereesfailstouseit.  Subsidiariesoflimitedliabilitymerchantsshallnotbetransferredotherthantheirproperties,andtheirnamesshallnotbeusedbythetransferee.Transferofsubsidiariesofunlimitedliabilitymerchantsshallbeprohibited.  Article34Thetransferorandtransfereeofabusinesstransfershalldeterminewaysofassumptionofdebtsincurredbythetransferorbeforesuchbusinesstransferredunderacontract. Article35Thetransfereeofabusinesstransfer,whohasnotusedthenameresultedfromthetransferbuthaspromisedinthepublicnoticetoassumethedebtsincurredbythetransferor,shallpaythedebtsuponrequestingbythedebtee.  Article36Incasethetransfereeinabusinesstransferassumesthedebtsincurredbythetransferor,thedebteeshallrequestthetransfereetopaythedebtswithinoneyearfromthedatesuchbusinesstransfertakeseffectorthepublicnoticeisissued.  ChapterVCommercialAccountBooks  Article37Allmerchantsshallestablishfinancingandaccountingsystemsaccordingtolaws,administrativeregulations,rulesofthefinancialcompetentauthorityoftheStateCouncilandtheseregulations.  Article38Allmerchantsshallestablishaccountbooksatthecommencementofbusiness.Accountbooksandbalancesheetsshallbemadetoprovidetheinformationconcerningthestatusofprofitandlossinthecourseofbusinessoperation.  Article39Allmerchantsmayadoptelectronicaccountbooks,butshallnotdestroythedatathathasgeneratedwhilechangingthefinancialsoftwareunderuse.  Article40Allmerchantsshallrecordthetransactionsinwrittenformsaccordingtotheirsuccessivelyorder,unlessotherwisespecificallyprovidedbythelawsandadministrativeregulations. Article41Theoperatingpropertiesandtheirvalueatthecommencementofbusinessandtheendofeachyearshallbeclearlyrecordedinaccountbooks.  Thebalancesheetsshallbemadeonthebasisoftheaccountbooksandshallbesignedinthenameofthepersonwhomakestheaccountbooks.  Article42Thefollowingmattersthatmayaffectanytransactionsandoperatingpropertiesshallberecordedinaccountbooksonthebasisoftheoriginalvouchers:  (1)Receiptandexpenditureoffundsandportfolios;  (2)Receiptandexpenditure,additionandsubtraction,anduseoffundsinfinances;  (3)Generationandsettlementofdebtsandcredits;  (4)Additionandsubtractionofcapitalandfunds,receiptandexpenditureoffunds;  (5)Calculationofincome,expensesandcost;  (6)Calculationandtreatmentoffinancialresults;and  (7)Othermattersrequiredbylawsthatshallbehandledwithaccountingproceduresandfinancialaccounting. Article43Allmerchantsshallassignspecialpersonstoproperlypreservebusinessaccountbooks.Theperiodforpreservingbusinessaccountbooksshallbesubjecttotheprovisionsoflaws,administrativeregulationsandrulesofthefinancialcompetentauthorityoftheStateCouncil.  Article44Theagenciesofjustice,taxation,auditandregistrationmayordercontestingpartiesormerchantstosubmitallorpartoftheirbusinessaccountbooksundertheapplicationofsubscribersorshareholders,partnersorotherinterestedpersons.  ChapterVICommercialEmployees Article45Themerchantsmayselectorappointmanagerstoconductspecificbusinessaccordingtoassociationarticlesorpartnershipagreements.  Article46Themerchantsmayappointseveralmanagersincludingdeputymanagerstojointlyexerciserightsofrepresentation. Thecommercialactsconductedbyanyoftherepresentativeswiththeauthorizationofthemerchantsshallbeeffectivetothemerchants. Article47Themanagershallbeentitledtomanageallkindsofbusinessonbehalfthemerchantwithinthescopeofauthorization.  Themanagershallbeentitledtonominatedeputymanagersandchiefaccountantstothemerchantforappointingordismissing.  Themanagermayappointordismissemployeesatorbelowthepostofadeputymanager. Article48Therestrictionontherightofrepresentationforamanagershallnotbeinvokedtoresistthebonafidethirdparty,unlessotherwisethemanagerprovideswarrantyforothersordisposesrealpropertiesofthemerchantwithoutbeingauthorizedbythemerchant. Article49Themanagershallfulfilltheobligationsofprohibitionofbusinessstrife,i.e.,shallnotcarryoutanybusinessthatisthesameasthatofthemerchantwhoappointshim,whicharestipulatedbytheCompanyLawofthePeople'sRepublicofChina.  Themerchantshallbeentitledtodeemthetransaction,whichiscarriedoutbythemanagerwhoviolatestheaforesaidobligations,asitsowntransactionandacquirehisincome.  Themerchantshalllosesuchrightincaseitfailstoexercisetherightasspecifiedintheaforesaidparagraphofthisarticlewithin3monthsfromthedateitknowsthatthemanagerviolatessuchobligationsorwithinoneyearfromthedateofthetransactioncarriedoutbythemanager.  Article50Theauthorityofthepersoninchargeofasubsidiaryofalimitedliabilitymerchant,whosedutyissimilartothatofamanager,maybedeemedassameasthatofamanager.Butsuchpersonshallnotactonbehalfofthemerchantinrespectofactsinaction.  ChapterVIIAgents  Article51Theagentisanindependentmerchantwhoisauthorizedtoactregularlyorcontinuouslyonbehalfofothermerchantsorhelptobringaboutdealsbetweenitsconsignerandothermerchants.  Theagent,whoisauthorizedtoconductbusinesswithintheSpecialZonebytheconsigner,iscalledaregionalagent.  Theagent,whoisauthorizedtoexclusivelyconductbusinesswithintheSpecialZonebytheconsigner,iscalledanexclusiveagent.  Article52Toactonbehalfofothermerchantsorhelpstobringaboutdealsbetweenitsconsignerandothermerchants,theagentshallconcludeanagencycontractwiththeconsigner,orelsetheactsoftheagentshallbesubjecttorelevantprovisionsofthecivillaw.  Wheretheexpiredoriginalagencycontractbetweentheagentandtheconsignerhasnotbeenrenewedandhasbeenfurtherperformedbythetwoparties,suchcontractshallbedeemedasbeingchangedintoacasualone.Anyofthepartiesmayterminatethecasualcontractafternotifyingtheotherpartyfor30daysaheadofthetermination,unlessthepartieshaveagreedotherwise.  Theaforesaidparagraphofthisarticleshallnotbeapplicableincasethecontractterminatedduetogrossnegligenceofanypartyorforcemajeure.  Article53Theagentshallfulfilltheobligationsaccordingtotheagencycontractanddefendtheinterestsoftheconsigner,whiletheconsignershallprovidethenecessaryconditionsfortheagenttofulfillsuchobligations.Tohelptobringaboutdealsbetweentheconsignerandothermerchants,boththeagentandtheconsignershallbeartheobligationtoprovideeachotherwithrelevantinformationintime. Article54Unlessotherwisespecificallyrestrictedbyanagencycontract,theagentmaysimultaneouslyacceptauthorizationsfromtwoormoreconsignersorconductthebusinessinvolvingcompetitionwiththeconsigners.  Article55Theagentshallbeartheobligationofnottakingadvantageofordisclosinganycommercialsecretsoftheconsignerstoanythirdparty,eventhoughtheagencycontractisterminated.  Article56Theagentandtheconsignermayconcludeanagreementatthetimeterminatingtheagencyrelations,underwhichrestrictstheagentfromconductingthesamebusinessasthatoftheconsignerwithinareasonabletimelimit,i.e.,thetimelimitmaynotexceedtwoyearsfromthedateterminatingtheagencyrelations.Inthisrespect,theagentmayrequesttheconsignertopayforreasonablecompensation.  Theagentshallbeforfeitedoftherighttoclaimforcompensationstipulatedintheaforesaidparagraphofthisarticleincasetheagencycontractterminatedduetogrossnegligenceoftheagent.  Article57Theconsignershallpaycorrespondingremunerationfortheagentasagreedundertheagencycontract.Wherethereisnosuchdefiniteagreementinthecontractonremuneration,theagentshallbeentitledtoacquireareasonablesumofremunerationfortheactualprovisionofserviceswithinthescopeofauthorizationaccordingtothebusinesspractice.  Article58Whereanytransactionfailsduetotheconsigner¨sfaultordefaultwhiletheagenthasprovidedservicesforit,theagentshallbeentitledtoclaimforreasonableremunerationfromtheconsigner.  Article59Whereanybargainisclosedduetotheserviceprovidedbyaformeragentwithin6monthsfromthedaterescindingtheagencycontract,unlessotherwisetherescissionduetothefaultsoftheagent,theagentshallbeentitledtoclaimforremunerationresultedfromsuchtransactions.  Article60Wheretheconsignerclosesanybargainwithintheagencyareacoverageofanyregionalagent,theregionalagentshallbeentitledtoclaimfortheremunerationfromtheconsignerregardlesshispresenceornotinthetransaction.  Article61Therescissionofanyagencycontractshallbesubjecttotheprovisionsofthecontractlaw. Article62Whereanyagentenjoysthecreditor¨srightforitsagencyorcontributoryintheconclusionoftransactionbutwithoutbeingdischargedofdebtsbytheconsignerwithinthetimelimitofpayment,thegoodsorsecuritiesoftheconsignermaybekeptbytheagentunlessotherwiseagreedbybothpartiesorprohibitedtobekeptbylaw.  ChapterVIIISupplementaryProvisions Article63Theprovisionsconcerningshopnames,managers,publicationofcommercialregistrationandbusinessaccountbooksintheseregulationsshallnotbeapplicabletoanyindividualbusinesses. Article64ThedetailedimplementingmeasuresaretobeformulatedbytheMunicipalGovernmentinaccordancewiththeseregulations. Article65TheseregulationsshalltakeeffectasofOctober1,1999.

 

  ┿継絏 20191118 桟刔鴬

佚連栖坿 刷掴晩烏    夭販園辞 桟刔鴬
犢慥超