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	CIRCULAR OF THE STATE ADMINISTRATION FOR INDUSTRY AND COMMERCE ON ASSISTING THE PEOPLE'S COURTS IN FREEZING EQUITY INTEREST

	(No.136 [2002] of the State Administration for Industry and Commerce June 17, 2002)


SUBJECT : SHARE REGISTRATION
ISSUING DEPARTMENT : STATE ADMINISTRATION FOR INDUSTRY AND COMMERCE OF THE PEOPLE'S REPUBLIC OF CHINA
ISSUE DATE : 06/17/2002
IMPLEMENT DATE : 06/17/2002
LENGTH : 180 words
TEXT :

Where a people's court requires any industry and commerce authority to assist in the freezing of relevant equity interest upon the strength of effective legal documents, the industry and commerce authority shall assist in the enforcement according to law. During the period of assistance of enforcement, no alteration registration may be made with respect to the relevant equity interest frozen according to law. However, where the legal documents based on which the enforcement is assisted are cancelled during the process of assistance, if the cancellation falls within any of the circumstances provided for in Article 235 of the Civil Procedure Law that the people's court shall rule to terminate the enforcement because of cancellation of the legal documents on which the enforcement is based, as the cancellation of the judicial judgment results in the loss of legal basis for assistance for the enforcement, the industry and commerce authority will also be discharged from the obligation to assist the enforcement. Under such a circumstance, the alteration registration made by the industry and commerce authority upon application shall be legal and valid.