Establishment of a company limited by shares shall be subject to fulfillment of the following conditions:
A company complying with the conditions of this Law is registered as a limited liability company or a company limited by shares.
The establishment of a limited liability company or a company limited by shares shall comply with the conditions set out in this Law.
A company limited by shares must meet the following requirements before applying for its shares to be listed on a stock exchange:
"After the registration and establishment of a company limited by shares, in the case of establishment by the offer method, a report on the offer of shares shall be filed with the State Council for the record."
"The date of issue of the Business licence is the date of establishment of a company limited by shares. After the company is established, a public announcement shall be made."
A company limited by shares applying to have its shares listed for trading shall file an application for approval with the State Council or its authorized securities administration departments and submit relevant documents in accordance with applicable laws and administrative regulations.
"Where a limited liability company is Being converted into a company limited by shares, the creditors' rights and indebtedness of the original limited liability company are assumed by the company limited by shares after the conversion."
"The minimum amount of registered capital of a company limited by shares is RMB 10,000,000."
"When a limited liability company is converted into a company limited by shares and increases its capital by public offer of shares, the provisions of this Law concerning public offer of shares shall be followed."
A listed company referred to in this Law means a company limited by shares whose issued shares are approved for trading on a stock exchange by the State Council or its authorized securities administration departments.
The registered capital of a company limited by shares is the total share capital which has been registered with the company registration authority and which has been registered with the company registration authority and which has been actually received.
Requirements for the minimum amount of the registered capital of a company limited by shares to be higher than the above amount are provided for in separate laws or administrative regulations.
names or titles of shareholders of a limited liability company or of promoters of a company limited by shares.
application for name pre-approval signed by all the shareholders of the limited liability company or by all the promoters of the company limited by shares;
A company limited by shares formally delivers share certificates to its shareholders immediately upon its registration and establishment.
A company limited by shares shall deposit its financial statements at the company for inspection by the shareholders at least twenty days before the convening of the annual general meeting of shareholders.
A company limited by shares can be either a proprietary company or a public company.
A company limited by shares shall have a shareholders' general meeting made up of all shareholders.
"When a company limited by shares or a limited liability company proposes to issue corporate Bonds, its Board of directors drafts a proposal for approval by resolution at a meeting of the shareholders."
"Where a company limited by shares is to be established by the promoter method, the promoters shall pay the full amount for the shares immediately after they have subscribed in writing for all shares which the articles of association provide are to be issued."
The capital of a company limited by shares is divided into shares. Eachshare is of equal value.
In establishing a company limited by shares, the name pre-approval shall be applied for with the company registration authority by the representative appointed by all the promoters or by the agent entrusted jointly by all the promoters.
A company not lawfully registered as a limited liability company or a company limited by shares but falsely making use of the title "limited liability company"or "company limited by shares",
A company limited by shares can increase its share capital or alter the structure of share capital by combining or dividing shares.
A company limited by shares established by the offer method must make public its financial statements.
"When a limited liability company is converted into a company limited by shares in accordance with the law and with approval, the total amount of shares into which conversion is made shall be equivalent to the amount of the company's net assets."
"Where a Branch or Branches are to be set up after the establishment of a company limited by shares, the legal representative of the company shall apply to the company registration authority to register them and obtain Business licence(s)."
Where a company limited by shares is merged or divided
"In the case of a company limited by shares, its entire capital is divided into shares of equal value and shareholders shall be liable to the company to the extent of the shares held by them. A company limited by shares is liable for the debts of the company with all its assets."
To apply for establishing a company limited by shares, the following documents should be submitted to the company registration authority:
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