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Corporate Service - China

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Q&A Regarding New Company Law of 2024 (2)

Answer
Q:
Is it necessary to make articles of association to establish a company?
A:
Its articles of association shall be formulated according to law when a company is established. The articles of association shall be binding on the company, its shareholders, directors, supervisors and senior managers.

Q:
What are the requirements for a company name?
A:
The company name shall comply with the relevant regulations of the State. For a limited liability company, the words "limited liability company" or "limited company" shall be indicated in the company name; For a joint stock limited company, the words "joint stock limited company" or "joint stock company" shall be indicated in the company name.

Q:
How to determine the domicile of the company?
A:
The domicile of the company shall be the location of its main office.

Q:
How to determine the business scope of the company?
A: The business scope of the company is stipulated in the company's articles of association. The company can modify its articles of association and change its business scope.

Q:
How to determine the representative of the company?
A: The legal representative of a company shall be a director or general manager who carries out the affairs of the company on behalf of the company in accordance with the articles of association of the company .The company shall appoint a new legal representative within 30 days from the date of resignation of the legal representative if the legal representative resigns, .

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