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Criminal Law of the People's Republic of China
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Criminal Law of the People's Republic of
China
Updated: 2020-12-26
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Section 3
Crimes of Disrupting Order of Company and Enterprise Management
Article 158 Whoever deceives the competent company registration department and falsely
declares the registered capital by using false documents of proof or other deceptive means, thus
obtaining the company registration certificate, if the amount of the registered capital falsely declared
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is large, the consequences are serious, or there are other serious circumstances, shall be sentenced to
fixed-term imprisonment of not more than 3 years or short-term custody, and concurrently, a fine of
not less than 1 percent but not more than 5 percent of the registered capital falsely declared; or shall
be sentenced to a fine on the said scale only.
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An entity committing a crime as prescribed in the preceding paragraph shall be fined, and the
directly responsible persons in charge and other directly responsible persons shall be sentenced to
fixed-term imprisonment of not more than 3 years or short-term custody.
Article 159 A company promoter or shareholder who, in violation of the provisions in the Company
Law, makes a false capital contribution by failing to deliver the promised cash or tangible assets or
to transfer property rights, or withdraws the contributed capital after the incorporation of the
company, if the amount involved is large, the consequences are serious or there are other serious
circumstances, shall be sentenced to fixed-term imprisonment of not more than 5 years or shortterm custody, and concurrently, a fine of not less than 2 percent but not more than 10 percent of the
amount of his fake capital contribution or the capital contribution withdrawn; or shall be sentenced
to a fine on the said scale only.
An entity committing a crime as prescribed in the preceding paragraph shall be fined, and the
directly responsible persons in charge and other directly responsible persons shall be sentenced to
fixed-term imprisonment of not more than 5 years or short-term custody.
Article 160 Whoever, when issuing stocks, corporate or enterprise bonds, depositary receipts, or
other securities recognized by the State Council in accordance with the
law, conceals important facts or fabricates major information in the prospectus for stocks, share
en.npc.gov.cn.cdurl.cn/2020-12/26/c_921604_9.htm
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