Q：
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When will the new Company Law come into effect?
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A：
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The Company Law of the People's Republic of China was revised and issued for the second time on December 29, 2023, and will come into effect on July 1, 2024.
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Q：
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What forms of companies are included in the Companies Law?
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A：
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The companies in the Company Law refer to limited liability companies and joint stock limited companies established within the territory of the People's Republic of China in accordance with the Company Law.
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Q：
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How are the shareholders of a limited liability company liable to the company?
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A：
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The shareholders of a limited liability company shall be liable to the company within the limit of the amount of capital contribution they have subscribed for.
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Q：
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How are the shareholders of a joint stock limited company liable to the company?
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A：
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The shareholders of a joint stock limited company shall be liable to the company to the extent of the shares they have subscribed for.
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Q：
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What rights do shareholders of the company enjoy?
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A：
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The shareholders of a company shall enjoy the rights to profit from the assets, participate in major decisions and choose managers of the company, etc. in accordance with the law.
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FAQ
