Company Liquidation Legal Issues Research

Liquidation is a necessary process of the company cancellation and liquidation is also a legal system, it is floorboard of a series of civil legal procedures and legal acts which is an ordainment to clean-up companies, corporate debt, distribution of liquidation proceeds and eventually end its all civil legal relations, elimination of the qualification when a corporation is terminated. The main basis for the liquidation of China is the Company law, because of the imperfection market background the Company law has the inevitable defects. There are a lot of companies without the legal termination of liquidation qualification, or not to terminate legal personality, employees of the legitimate interests are violated. This paper is based on the liquidation of the legal system, through the misrepresentation of the liquidator, procedures of liquidation and liquidation legal liability, give the Perfection in Law.This thesis has five chapters.The first chapter discusses the problem of liquidation of the company’s general theory, the origin of the liquidation of the company, the basic content, legal value and internal systems and so on.The second chapter defines the Liquidator.The author discusses the Liquidator shortcomings of the provisions of Department in legal title, scope, composition, differences in degree of specialization.The third chapter discusses the ordinary and special liquidation respectively then provisions in the proposed lack of liquidation proceedings according to the analysis of the Procedures of Liquidation.The forth Chapter discusses the responsibilities of the liquidation responsibilities including civil liability, administrative liability and criminal liability, then discusses the liquidation of the main shareholders in the liquidation of such legal provisions should be responsible for the deficiency.The fifth chapter based on the analysis of the second, third and four chapters, combined with practical, gave the comprehensive proposals for legal.