Regulations for Administration on Fixed Network Telecommunications Business Article 18

After an applicant obtains the approval for establishment for operation of a fixed network telecommunications business, it shall complete company modification registration within six months. If the applicant fails to complete the registration according to the relevant regulations before the time limit, it may state the reasons and apply to the competent authority for an extension prior to the lapse of the time limit. The extension shall not be longer than six months and shall only be made once. In the case of the lapse of the time limit, the competent authority may abolish the approval for establishment, and forfeit the performance bond or notify the bank providing guarantee to honor its performance guarantee.In the case where an applicant completes the company modification registration in accordance with Paragraph 1, its minimum paid-in capital shall be in compliance with the provisions set forth in Paragraphs 1 and 6, Article 8.