深圳经济特区技术成果入股管理办法 Shenzhen Special Economic Zone, Administration Of The Use Of Technological Achievem

transfer of property rights, the company registration authorities shall penalize the technological investor in accordance with Article 60 of the Company Registration Regulations.

　　Article 39　If the technological investor fails without good reason to carry out his investment obligati

ons within the stipulated checking and acceptance time in accordance with the articles of association, the company registration authorities shall impose a penalty in accordance with Article 60 of the Company Registration Regulations.

　　Article 40　If in violation of Articles 30 and 34 of these Procedures it is impossible to make up the technological investment amount or difference, and the change in registration to reduce registered capital is not carried out, the company registration authorities shall impose a fine in accordance with Article 58 of the Company Registration Regulations.

　　Article 41　If in violation of Article 35 of these Procedures the technological investor transfers the same technological achievement to a third party in violation of the agreement, the company registration authorities shall impose a penalty in accordance with Article 61 of the Company Registration Regulations.

　　The penalty in the above clause shall not affect the company's right to demand compensation for losses from the technological investor.

　　PART SEVEN　SUPPLEMENTARY PROVISIONS

　　Article 42　The relevant provisions of these Procedures apply to the implementation of use of technological achievements as capital contributions for equity shares by foreign investment enterprises except where other laws and regulations stipulate otherwise.

　　Article 43　These Procedures shall be effective as of date of promulgation

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