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What conditions do waste oil recycling companies need?

1. What conditions does a waste oil recycling company need

1. A waste oil recycling company needs the following conditions:

(1) The registered capital shall not be less than RMB 2 million;

(2) It has a fixed business place and facilities suitable for conducting business;

(3) having a labor dispatch management system that complies with laws and administrative regulations;

(4) Other conditions stipulated by laws and administrative regulations.

2. Legal basis: Article 16 of the Company Law of the People's Republic of China

If the people's court organizes liquidation, the liquidation group shall complete the liquidation within six months from the date of its establishment.

if the liquidation cannot be completed within six months due to special circumstances, the liquidation group shall apply to the people's court for an extension.

Article 17

When the liquidation group designated by the people's court finds that the company's assets are insufficient to pay off debts, it may negotiate with creditors to make relevant debt settlement plans.

if the debt settlement plan is confirmed by all creditors and does not harm the interests of other interested parties, the people's court may decide to approve it according to the application of the liquidation group. After the liquidation group pays off the debts according to the liquidation plan, it shall apply to the people's court for an order to terminate the liquidation procedure.

if the creditor refuses to confirm the debt settlement plan or the people's court refuses to approve it, the liquidation group shall apply to the people's court for bankruptcy according to law.

2. How to register a company

1. Take the company name and go through the name approval formalities at the local industrial and commercial bureau;

2. Open a capital verification account in the bank to verify the registered capital;

3. The capital verification unit issues a capital verification report;

4. Apply for the Labor Dispatch Permit;

5. Prepare the resolutions of the shareholders' meeting and draft the articles of association;

6. apply for a business license.