Some Inadequacies of the Judicial Record Card in The Establishment and Management of Enterprises and Improvement Recommendations

Abstract

The 2020 Enterprise Law stipulates many cases where individuals are not allowed to establish and manage enterprises, including cases where individuals are being examined for penal liability, are detained, are serving prison sentences or are banned by the Court from holding specific posts, practising certain professions or doing specific jobs, or in other cases as prescribed by the Bankruptcy Law. In these cases, the business registration agency has the right to request the enterprise founder to submit a Judicial Record card when applying to establish and manage the enterprise. However, this regulation has some shortcomings that need to be studied for further improvement.