The New Company Law in China and India

The New Company Law in China and India

Law.asia

MLVT can impose administrative fines based on the actual number of foreign employees without work permits if fewer than five are found. For enterprises with five or more foreign employees, a maximum administrative fine of KHR63 million (USD3,136) may be imposed. Repeated offences could lead to triple fines. The new Company Law will come into force on 1 July 2024.

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