Enterprise Financial

Original Language Title: 企业财务通则

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(Released December 4, 2006 the Ministry of finance, 41st come into force on January 1, 2007) Chapter I General provisions article in order to strengthen financial management of enterprises, standardize enterprise financial behavior, and protect the legitimate rights and interests of enterprise and its related parties, promoting the construction of a modern enterprise system in accordance with the relevant provisions of laws and administrative regulations formulated in General. Article in the People's Republic of China territory lawfully established with legal personality of State-owned and State-holding enterprises apply these general rules.
    Except for financial firms.
    Other business reference implementation.
    Article III of the State-owned and State-holding enterprises (hereinafter enterprise) shall determine the internal financial management system, establish and improve the financial management system, controlling financial risks.
    Enterprise financial management shall be formulated in accordance with the financial strategy, reasonable financing, effective asset, cost control, regulating income distribution and financial reorganization and liquidation, strengthening financial supervision and management of financial information.
    Fourth Ministry of finance is responsible for the development of enterprise financial rules and regulations.
    Financial departments at all levels (commonly known as the competent authority) should strengthen guidance on financial, managerial, supervisory, whose main responsibilities include: (a) monitoring the implementation of financial rules and regulations, in terms of the financial guide enterprises to establish and perfect the system of internal financial.
    (B) the development of fiscal and financial policy for enterprise reform and development, establish a sound financial management system to support enterprise development.
    (C) establishing and perfecting enterprise's annual financial report auditing system, check the quality of the enterprises ' financial accounting reports.
    (Iv) corporate financial evaluation, monitoring corporate financial health.
    (E) research, development of State-owned capital gains distribution and the system of State-owned capital operation budget.
    (F) participate in the review of belonging to the people's Governments at the corresponding level and the relevant departments, agencies funded an important reform and restructuring programmes.
    (G) the financial management of enterprises in accordance with the need to provide the necessary assistance and service.
    V people's Governments at all levels and their departments, agencies, and corporate investors such as enterprise legal persons, other organizations or natural persons (hereinafter known as investors), Enterprise Manager or factory manager or actually operated by other leading members (known as operators), in accordance with the provisions of laws and regulations, these general rules and articles, corporate internal financial management responsibilities. Sixth Enterprise shall pay taxes according to law.
    Corporate accounting and tax laws and administrative regulations are inconsistent, when tax adjustments should be carried out according to law.
    Article people's Governments and their departments at all levels, institution-funded enterprise, its financial relationship under the financial institutions at the same level.
    Chapter II article eighth enterprises financial management system of enterprises capital ownership clear, definite financial relationships, financial management system in line with corporate governance requirements. Enterprises should establish effective internal financial management in accordance with the relevant provisions of the State level.
    Conglomerate companies decide on their own internal financial management system of the group. Nineth Enterprise shall set up systems for making financial decisions, clear decision rules, procedures, rights and responsibilities, and so on.
    Legal and administrative regulations should be through workers ' (representatives) consideration by the General Assembly, or listening to the staff, relevant organizations on financial matters, in accordance with its provisions. Corporate financial decision-making system should be established.
    For investors, operators of personal and corporate financial decision is in conflict of interest matters, investors and managers should be avoided.
    Article tenth enterprise financial risk management system should be established, explicit operators, investors and other relevant personnel management authority and responsibility, in accordance with the balance of risks and benefits, incompatible principles such as separation of duties, control financial risk.
    11th Enterprise shall establish a financial budget management system, with cash flow at its core, in accordance with the goal of maximization of enterprise value and other financial requirements, financing, assets, cost control, income distribution, reorganization and liquidation, financial activities, the implementation of comprehensive budget management.
    12th the investor's financial management responsibilities include: (a) considering and approving the internal financial management system, enterprise financial strategies, financial planning and budgeting.
    (B) deciding the financing, investment, guarantees, donations, reorganization, Executive compensation, profit sharing and other important financial matters.
    (C) the decision to recruit or dismiss accounting firms, asset evaluation agencies and other intermediaries.
    (D) implementation of finance and financial assessment of the operators.
    (E) in accordance with the provisions to the wholly-owned or controlled enterprises Financial Director appointed or recommended.
    Investors should adopt shareholder (General) meeting, the Board of directors or other forms of internal agency financial management responsibilities, through articles, internal systems, contracts and other financial management responsibilities granted to operators.
    Article 13th financial management responsibilities include: (a) development of internal financial management system of enterprises, financial strategy, financial planning, financial budget.
    (B) organize the implementation of corporate financing, investment, guarantees, donations, financial restructuring and profit distribution scheme, integrity to meet debt obligations.
    (C) the implementation of national provisions relating to remuneration and labour protection of workers, pay social insurance, housing fund to protect workers ' rights and interests.
    (D) financial forecasts and financial analysis, implementation of financial controls.
    (E) the development and delivery of enterprise financial and accounting reports, faithfully reflect the financial information and the situation.
    (F) cooperate with relevant agencies in accordance with audit and evaluation, financial supervision, and so on. Chapter fundraising 14th businesses can accept the investors in money funds, real property, intangible assets, equity, specific claims and other forms of investment.
    Among them, specific claims refers to legally issued convertible bonds, meet the requirements for transfer to stake claims and so on.
    Enterprise investors when the non-monetary assets, legal and administrative regulations on capital, procedures and valuation provisions, in accordance with its provisions.
    Enterprise investors trademark, copyright, patent and other proprietary technology and other intangible assets, shall conform to the provisions of laws and administrative regulations.
    15th enterprises to absorb direct investments, issue shares to raise equity funding, funding programmes should be developed, determining borrowing performed the internal decision-making procedures and the necessary approval procedures, control the cost of financing.
    Raising the paid-up capital, it shall delegate issued by a statutory capital verification institution and capital verification report.
    16th Enterprise shall implement the national capital management system, has been granted registration in the 30th after, according to the inspection report issued investment certificates to investors, determine the legitimate rights and interests of investors.
    Raising the paid-up capital, duration can be used by investors operating in accordance with laws, administrative regulations and the enterprise articles of transfer or reduction, investors not withdrawing or disguised to withdraw their investment. In addition to the Act and other relevant laws, administrative regulations, except as otherwise provided, the Enterprise shall not repurchase of the company's shares.
    Enterprises to buy back shares, shall comply with the relevant conditions and financial approaches, and resolution, as investors.
    17th investors capital actually paid more than the difference between registered capital (including share premium), management of enterprises should be treated as capital reserve. Considered by the investor decisions, capital reserve for capital increase.
    Otherwise provided for by the State, from its provisions. 18th Enterprise derived from post-tax profits, surplus reserves include statutory reserve fund and any reserve fund that can be used to offset business losses or increase capital.
    Statutory reserve retained parts of the enterprise after the capital increase, with many prior to the transfer of the registered capital of 25% limited.
    19th enterprise to increase paid-up capital or capital surplus, surplus reserves to increase paid-up capital from investors after the financial decision-making process, related financial and business registration.
    20th obtained by enterprises of various kinds of financial resources section the following circumstances: (a) belonging to the direct investment, capital of the State, in accordance with the relevant provisions of the State increased state capital or capital reserves. (B) investment subsidies, increase in capital surplus or paid-up capital.
    When State funding has provisions on ownership, required implementation; not provided by all investors, to enjoy.
    (C) belongs to the loan, special grants, as corporate earnings.
    (D) belong to the Government loans, the repayment of the financing, debt management.
    (V) belongs to compensate for loss, salvage or other purposes, as corporate earnings.
    Article 21st enterprises to borrow money, issue bonds, finance lease and other ways to raise debt finance, should be clearly fund-raising purposes, based on the cost of capital, debt risk and reasonable funding needs, undertake the necessary capital structure decisions and enter into a written contract.
    Enterprises to raise funds for fixed asset investment projects, shall comply with the national industrial policy, business planning, the proportion of own capital and other requirements.
    Enterprises raise funds, shall be accounted for in accordance with the regulations and the use of and good faith performance of the contract, shall be subject to supervision.
    The fourth chapter assets operating 22nd enterprises should be based on risk and return balance principles and business needs, determine the appropriate asset structure, structure and implement asset management. Article 23rd, internal capital allocation should be established control system, clear funding the conditions, permissions, and process scheduling, unified mobilization, utilization and management of funds.
    Companies pay, scheduling, funding shall be in accordance with the provisions of the internal financial management system, based on valid contracts, legal documents, and go through the relevant formalities.
    Outside the enterprise to pay, scheduling, funding shall be in conformity with State regulations on foreign exchange control.
    Internal capital centralized management of enterprise group, but it should be consistent with national laws, administrative rules and regulations relating to financial management, and are without prejudice to the interests of member companies.
    24th Enterprise shall establish a financial audit of the contract system and clarify the operational processes and approval authority, to carry out financial supervision. Enterprises shall strengthen the management of receivables to assess customer credit risk, tracking customer compliance, implement the accounts receivable responsibilities, reduce bad debt losses.

    25th enterprises shall establish and improve inventory management system, standardizing inventory purchase approval and execution of the program, according to the contract, as well as internal examination and approval system of payment.
    Companies choose suppliers and implementation of bulk procurement, tenders can be taken.
    Article 26th Enterprise shall set up a system of fixed assets acquisition, construction, use, disposal. Enterprises themselves choose the fixed assets depreciation method, you can consult an intermediary organ or related experts view and approved by the investor to consider. Fixed assets depreciation methods once used, may not be altered.
    Absolutely necessary to change, it shall explain the reasons, considered by the investor approval.
    Important fixed assets acquisition and construction, major technical transformation of enterprises shall be subject to a feasibility study, in accordance with its internal approval system to fulfil the financial decision-making process, implementation of the decision-making and implementation responsibilities.
    Enterprise construction project after delivery should be handled in an annual final accounts.
    27th foreign investment shall abide by the laws, administrative regulations and the provisions of relevant State policies, in line with the requirements of enterprise development strategies, feasibility studies, in accordance with its internal approval system to fulfil ratification procedures, implementation of the decision-making and implementation responsibilities. Foreign investment shall enter into a written contract, enterprise investment rights, implementation of the financial regulation.
    Pay the investment payments under the contract, shall, in accordance with the internal approval policies.
    Companies to invest overseas, should also be considered by the investor approval and comply with State approval of overseas investment projects and foreign exchange control regulations.
    28th through create, purchase, accept investments acquired intangible assets, it shall be clear ownership and financial responsibility for the implementation of the management, administration.
    Intangible assets transfer, lease, pledge, authorization management, chain management, foreign investment situation, companies should enter into a written contract, specify the rights and obligations of both parties, determines the price.
    Article 29th Guaranty shall comply with the laws, administrative regulations and the relevant provisions, based on guaranteed credit and solvency, appropriate risk control measures in accordance with internal examination and approval system, and establishment of memorandum registration and follow-up.
    Foreign donations should be in line with laws, administrative regulations and the relevant financial regulations, formulate implementation plans, clear terms and conditions of the donation, implementation of responsibility and strictly handle the transfer procedure of the donated assets.
    30th enterprises engaging in futures, options, securities, foreign exchange and other financial business or entrust other institutions should not affect the normal development of the main business and shall sign a written contract, to set up a reporting system, the ledger, control risks.
    31st enterprises engaged in agency business, should strictly carry out the contract, implementation of agency business and proprietary trading revenue management, not to misappropriate client funds, mutual transfer business risk. Article 32nd Enterprise shall set up for asset loss or depreciation reserve management system. The asset loss or impairment provision standards, once selected, may not be altered.
    When enterprise developing calculation standards may consult an intermediary institutions, relevant expert opinions. The provision for loss or impairment of assets, enterprises should implement regulatory responsibilities.
    Can recover or continue to use, and there is no evidence of actual loss of the asset, shall not be cancelled.
    33rd article enterprise asset loss shall be verified in a timely manner, identifying responsibilities, recover damages, in accordance with the prescribed procedures.
    Inventory of assets loss in corporate restructuring, approved in turn reduced undistributed profits, surplus reserve, capital reserve and paid up capital. 34th company to sell, charge, replacement, scrap handling assets, shall, in accordance with relevant regulations of the State and the internal financial management system of authority and procedures.
    Among them, the major adjustments or restructuring of fixed assets related to the business operations, should be considered under the investor through business adjustments or restructuring plan. 35th related transaction of an enterprise shall observe the relevant regulations of the State, in accordance with the valuation and settlement of transactions between independent enterprises.
    Investors or operators shall make use of related party transactions illegal transfer of economic interests or operating profits of associated enterprises.
    Cost control of the fifth chapter 36th Enterprise shall set up cost control systems, strengthen budget constraints, implementation of quality cost control, cost management, staff management, and process control.
    37th enterprises cost of centralized, hierarchical management, budget control, should establish the necessary scope, standard expenses and reimbursement approval system.
    Article 38th enterprise requirements for technology development and technology transfer projects, financing through the establishment of research and development reserve, included in the cost of related assets or expense in the current period.
    Comply with conditions set by the State enterprise, focus on research and development costs for enterprise products and core technologies to develop its own.
    39th enterprises carry out safety production, cleaner production, pollution control, geological disaster prevention and control, ecological recovery and environmental protection requirements, in accordance with the relevant national standards included in the cost of related assets or expense in the current period.
    40th enterprise sales discounts, allowances and pay the necessary fees, commissions, fees, labour costs, commissions, rebates, entry fee, business incentives and other expenditure, shall enter into a contract, perform internal approval procedures.
    Enterprises of import and export charges or commissions, insurance, freight paid, in accordance with the provisions of the contract price.
    Enterprises to non-operating units as well as to pay the costs of the individual, should strictly comply with internal procedures for approval and payment.
    41st enterprises according to law, regulations and relevant regulations of the State, imposed on operators and core technical personnel and other employees of different pay, belonging to the people's Governments at the corresponding level and their Department, agency-funded enterprise, the compensation should be reported to the competent authorities for the record.
    42nd enterprises shall in accordance with the employment contract and the relevant provisions of the State to pay compensation of employees, and workers engaging in high risk operations pay group personal accident insurance premium, cost direct costs (expenses) expenditures.
    The operator can arrange a certain amount in the pay plan, on technological development, reduce energy consumption and governance "three wastes", boosting production and marketing have made outstanding contributions to employee rewards.
    Article 43rd enterprises shall pay to the workers the basic medical treatment, basic old-age pension, unemployment, workers ' compensation insurance costs, costs direct costs (expenses) expenditures. Has participated in the basic medical care, basic old-age insurance business, continued profitability and ability to pay, you can establish supplementary health insurance and a supplementary old-age insurance for employees, in accordance with the requirements stipulated by the people's Governments above provincial level, from cost (expense) to extract.
    Beyond the prescribed percentage of the part borne by the employee.
    44th for workers of enterprises to pay Housing Fund and employee housing monetization allocation of finance, in accordance with the relevant provisions of the State.
    Extraction of the education expense in accordance with State regulations, for use in subsequent vocational education and vocational training for employees of enterprises.
    Extracts and in accordance with national trade union funds set aside to pay Trade Union.
    Article 45th enterprises shall pay the administrative fees and Government funds, as well as the costs of using or occupying State-owned resources.
    Companies without legal basis or beyond the laws and regulations scope and criteria for all kinds of apportions, charges and fund raising, the right to refuse.
    Article 46th enterprises shall not assume the following expenditures: (a) entertainment, fitness, travel, entertaining, shopping, gifts and other expenses.
    (B) commercial insurance, securities, shares, collectibles and other expenditures.
    (C) individuals resulted in fines, compensation and other expenses.
    (D) the purchase of housing, payment of management fees and other expenses.
    (E) other expenses shall be borne by the individual.
    Sixth chapter 47th article of income distribution of investors, operators and other staff and the performance of this business function or doing business on behalf of the enterprise from the income, including sales and other discounts, allowances, commissions, commissions, fees, labour costs, commissions, rebates, entry fee, business incentives and other incomes, all belonging to the enterprise.
    Enterprises should establish the price management system, clear product or service pricing and price adjustment of jurisdiction, procedure and method based on expected earnings, cash flow, market competition, legal constraints and other requirements, take the appropriate pricing strategy, preventing sales risk. 48th sale equity investment should be carried out in accordance with the procedures and methods. Equity sale price, reference assets assessment to determine and charge proceeds in accordance with the contract.
    In the fulfilment of delivery has not been receiving part of the equity investments shall be settled in accordance with the terms of the contract, made the transferee to provide effective security.
    Proceeds from the State-owned shares of listed companies, in accordance with the provisions of the State Council. 49th annual operating losses at enterprises, in accordance with the provisions of the tax law make up.
    Pre-tax profit for the tax years cannot cover, with after-tax profit for the year after to make up for, or used after investors considered surplus reserves to make up for it.
    50th annual net profits of the enterprise, unless otherwise provided by laws, administrative regulations, allocated in the following order: (a) make up prior years ' losses. (B) extract 10% statutory provident funds.
    After the statutory reserve fund accumulated up to the registered capital of 50%, can no longer extract. (C) discretionary fund.
    Proportion of any provident fund investor resolution. (D) the allocation of profits to investors. Corporate unallocated profit for previous years, into this year's profits, taking full account of the cash flow situation, distribution to investors.
    Belonging to the people's Governments at all levels and departments, agencies funded by enterprises, should deal with State profits turned over to the budget. State-owned enterprises extracting can merge any provident fund scheme and mandatory provident fund. Corporation law after repo no transfer or cancellation of shares shall not be involved in the distribution of profits; to repurchase shares for managers and other staff and the implementation of equity incentives, when preparing a profit-sharing plan, should be set aside to buy back shares the profits you want.

    51st enterprises make up prior years ' losses and after the extraction of surplus reserves, then when there is no profit available for distribution shall not be allocated to investors profit, except as otherwise provided in laws and administrative regulations.
    52nd enterprise managers and other employees in management, technology and other elements participating in the distribution of income, shall, in accordance with the relevant provisions in the articles or in the relevant contract provides for allocation, and differences as follows: (a) access to equity, together with other investors corporate profit distribution.
    (B) lack of equity, within the limits and criteria for the allocation of profits of the business, from the costs were charged to the current period.
    The seventh chapter through restructuring, reorganization and liquidation article 53rd Enterprise property rights transfer, merger, Division, managed, such as restructuring, on matters related to equity, should be authorized by the investor or institution to conduct a feasibility study, implementation of internal decision-making procedures, and organization to carry out the following work: (a) the inventory of property to verify the debt, commissioned accounting firm audited.
    (B) development of resettlement workers programme, listen to restructure the enterprise's Trade Union, views of the workers ' Congress or submitted to Congress for consideration.
    (C) negotiate with creditors, debt disposition or inheritance plans.
    (D) commissioned by the Evaluation Agency asset evaluation and to assess the value of the net assets contributed or share Exchange reference.
    (E) the development of equity and capital restructuring implemented programmes, after taking into consideration performance approval procedures.
    54th Division and reorganization of enterprises, it should be clear after the Division of enterprise ownership relationship. Divide the assets, liabilities and businesses of enterprises, should be elaborated in accordance with the principles of business relevance, or assets segmentation scheme.
    About Division of assets, in assessing the bodies to assess the value based on the separation of the parties, by the party owned assets give him appropriate financial compensation. 55th or absorb the enterprise may take new approach to consolidation.
    Before the merger, the assets, liabilities and business, resulting from the combination of the enterprise to take over, and it should be made clear after the merger of property rights and the proportion of the investors.
    Enterprises of property tax treatment shall conform to the relevant provisions of the tax law of the State, the combined net assets exceeds the portion of the registered capital, as capital reserve less than part of the registered capital shall change the registered capital or funded by investors topping up.
    To bear its debts of insolvent enterprises merge, merging parties should develop a corporate restructuring measures, in accordance with the merger plan meet their debt obligations, consolidation of financial resources.
    56th enterprises Trusteeship shall be decided by the investors, and signed a custody agreement, explicitly managed operating assets and liabilities, managed business objectives, disposal of assets such as rights, and income distribution, and implementation of the financial regulation. Programme related to entrusted with the custody agreement shall be based on the development of enterprises, reorganization of managed assets and debts.
    Without the consent of managed enterprise investors, no reorganization and reform managed enterprises may not transfer and transfer of assets of the custodian enterprise, business, not in managed assets managed on behalf of the enterprise or to external security. When the 57th corporate restructuring, have already been occupied by transfer of State-owned land shall be assessed in accordance with the relevant provisions, implementation procedures, and differences the following circumstances: (a) the continued allocation of, and does not include enterprise asset management, corporate interests should be clearly allocated land-use right and use according to regulations, the establishment of memorandum registration.
    Except as otherwise provided.
    (B) priced shares, shall pay the land transferred to the State capital, the formation of State-owned shares held by the Corporation before the reorganization of State-owned capital unit or competent authority verify ownership of the unit.
    (C) the transfer, by the companies to buy land, pay transfer fee.
    (D) lease, used by a business lease, rent levels the Bank lending rate in the same period to determine, and agreed in the lease contract.
    Enterprise restructuring, have already been occupied by waters, mineral exploration right or mining right, franchise and other State-owned resources, are transferable, apply mutatis mutandis to the preceding paragraph.
    Article 58th in the process of corporate restructuring, on workers ' wages and medical care, disability benefits, pension costs, and in default of payment of the basic social insurance, Housing Fund, priority should be based on the company's existing assets. 59th enterprises were ordered to close down, according to bankruptcy, terminated on expiry of the term of operation management, or investors of the dissolution resolution, should be in accordance with the provisions of the laws, regulations and the articles of liquidation. Liquidation sale price, reference assets assessment to determine.
    Otherwise provided for by the State, from its provisions. Liquidation of enterprises, should prepare a liquidation report, commissioned accounting firm audit, investor or a people's Court confirmed, to the authorities, notification of creditors and other stakeholders.
    One, belonging to the people's Governments at all levels and departments, agencies funded by enterprises, liquidation report shall be submitted to the competent authority.
    Article 60th termination of labor relations, in accordance with the relevant provisions of the State pay the economic compensation or relocation costs, apart from the inclusion of during normal business expenses in the current period, should be distinguished as follows: (a) corporate restructuring, has never been assigned in turn profits, surplus reserve, capital reserve and paid in capital paid in.
    (B) occurs when the enterprise liquidation, liquidation of assets after deducting the cost of liquidation of the enterprise liquidation preference.
    Eighth chapter 61st enterprise information management can be combined with business features, optimizing business processes, integration of financial and business information processing system, progressive realization of financial and business-related information all at once and shared in real time.
    62nd enterprises shall gradually create conditions for implementation of integrated enterprise resource planning, integrating and standardizing financial, business process, logistics, capital flow and information flow integration of enterprise management and integration operations.
    63rd enterprise financial early-warning mechanisms should be established, determine its own warning level, the financial crisis, focuses on monitoring operational net cash flow and debt, corporate matching of assets and liabilities, communicating corporate information about the financial crisis, proposed measures and programmes to address the financial crisis.
    64th enterprises shall, in accordance with the relevant laws, administrative regulations and the provisions of the uniform accounting system of the State, preparation of financial reports on time, operators or investors must not delay and obstruct. 65th Enterprise shall send to the competent organ in accordance with the provisions of monthly, quarterly and annual financial reports and other material, not on the financial accounting reports and other material submitted for making false records or concealing important facts.
    Competent authority shall, in accordance with the needs of enterprises with the necessary training and technical support. Companies providing annual financial reports, should gain the accounting firm audited.
    Otherwise provided for by the State, from its provisions.
    66th regular employees within the Enterprise shall, in its annual public the following information: (a) staff remuneration, pension, health care, work, housing, training, vacation information.
    (B) Executive compensation program.
    (C) the audit of the annual financial report.
    (D) corporate restructuring involves the assessment and disposition of assets.
    (E) other public information according to law. 67th competent authority shall establish a comprehensive financial evaluation system of enterprise, which mainly assesses the effectiveness of internal financial controls, evaluate a company's solvency, profitability, asset operational capacity, capacity development and contribution to society.
    Assess and evaluate the results in an appropriate manner to the public.
    68th competent organs and their staff should be appropriately using financial information at his disposal, and perform the duty of confidentiality under the law, must not use the financial information for personal gain or to harm the company's interests.
    Nineth chapter financial article 69th shall receive competent authority of financial supervision and financial audit of the national audit institutions.
    70th operator in the course of business in violation of the relevant provisions of the General rules, investors can hold operators accountable according to law.
    71st Enterprise shall set up and perfect an internal financial supervision system.
    Board of supervisors and supervisors of enterprises, or supervisors of the Supervisory Board in accordance with the laws and administrative regulations, the provisions of these general rules and articles of, carry out internal financial oversight responsibilities.
    Operator shall implement the internal financial controls, combined with investors or enterprises and intermediary checks, audit work.
    72nd directly responsible businesses and business executives and others who have one of the following behaviors, competent fiscal authorities above the county level may order within a time limit, and be warned, has illegally obtained, confiscation of illegal income, and illegal gains shall be fined not more than 3 times, but not more than 30,000 yuan fines; no illegal income, and may impose a fine of less than 10,000 yuan.
    (A) violation of these general clauses article 39th, 40, 42, the first paragraph, 43, article 46 expensed costs.
    (B) the violation of the present general rules article 47th paragraph withheld, concealed, stolen corporate revenue. (C) the violation of these general clauses article 50th, 51, 52 provides for the distribution of profits.
    Established in accordance with the companies act corporate not stipulated by these general rules article 50th second statutory provident funds, in accordance with the provisions of the law will be punished.
    (D) violation of these general clauses article 57th State-owned resources.
    (V) does not satisfy the employees obligation pursuant to General rules for the 58th.
    73rd directly responsible businesses and business executives and others who have one of the following behaviors, competent fiscal authorities above the county level may order within a time limit to be warned.
    (A) not complying with the provisions of the present general rules for establishing and perfecting the system of internal financial control. (B) the obvious internal financial management system and the laws, administrative regulations and contravene the general financial rules and regulations, and not according to the competent authority require amendments.

    74th directly responsible businesses and business executives and other officers not complying with the General rules for the 64th, 65th, article preparation, submission of financial and accounting reports and other materials, competent fiscal authorities above the county level may, in accordance with the company law, provisions of the regulations of the enterprises ' financial accounting reports will be punished.
    75th in the financial activities of enterprises to comply with the financial, tax and other laws and administrative rules and regulations, in accordance with the financial illegal activities penalties and regulations (promulgated by Decree No. 427) and the relevant provisions of the tax laws, administrative regulations and penalties.
    76th competent authority as well as the related staff in other government departments, agencies, and in financial management of enterprises in the abuse of power, negligence, malpractice, or of divulging State secrets, business secrets and dealt with according to law.
    Tenth chapter supplementary articles article 77th managed institutions apply mutatis mutandis the General principles.
                                                                                                                          78th general rules come into force on January 1, 2007.

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