Group Company is a community company organized for a certain purpose with taking joint action, and also is an enterprise legal persons consortium consisting of parent company, branch companies, stock-sharing companies and other members, with taking capital as a main connection, taking parent company and subsidiaries as main body, taking Articles of Association of the Group as common norms of behaviors. Generally, group company refers to a large-scale company which owns numerous production and management institutions. Group company generally runs numerous assets, manage lots of production and management units, and have its own rights and interests in many other enterprises,
Requirements for Group Company Registration
1、The parent company of the group (core enterprise) must have more than RMB fifty millions registered capital,and at least five subsidiaries of which total registered capital shall not less than RMB fifty million. The total registered capital of parent company(core enterprise) and its subsidiaries shall be more than RMB one hundred million, and the parent company must have controlling interest in its subsidiaries with covering fifty-one shares.
2、The parent company of the group company(core enterprise) should be registered as limited liability company or company limited by shares; enterprises owned by the whole people, as core enterprise, can establish enterprise group with registered capital more than RMB one hundred million.
3、The group company name shall take the name of the parent company name as main, its registered address shall take the parent company address as main. The group company should have its sole registration certificate.
4、All the members units of the group shall have legal person certificate.
The duration of Group Company Registration
When applying for group establishment,alteration,cancellation and recordation , if the required materials are complete and conform to the legal form,the industrial and commercial administration authority shall make registration decision on the spot and approve and issue business license and other registration certifications.(The applicant who applies for administrative licensing in a non-fixed form, the duration of examination and approval shall be implemented in accordance with
Enterprise Registration Procedural Stipulation stipulated by State General Administration for industry and Commerce.