Home   FAQ  Corporate Service  China  Q&A Regarding New Company Law of 2024 (19) 

FAQ

SHARE

Corporate Service - China

Question

Q&A Regarding New Company Law of 2024 (19)

Answer
Q:
What is included in the register of shareholders of a joint stock limited company?
A:
The register of shareholders shall record the following items:
  1. The name and domicile of the shareholder;
  2. The type and number of shares subscribed by each shareholder;
  3. The stock number of the stock issued in paper form;
  4. The date on which each shareholder acquires the shares.

Q:
When shall the establishment meeting be held for a joint stock limited company established through initiating?
A:
The convening and voting procedures for the establishment meeting of a joint stock limited company established through initiating shall be stipulated in the company's articles of association or the agreement between the initiators.

Q:
When shall the establishment meeting be held for a joint stock limited company established through fundraising?
A:
The initiators of a joint stock limited company established through fundraising shall convene the company establishment meeting within 30 days from the date of full payment of the shares to be issued at the time of company establishment. The initiator shall notify all subscribers or make a public announcement of the meeting date fifteen days prior to the establishment meeting. The establishment meeting must be attended by more than half of the subscribers holding voting rights before it can be held.

Q:
What does the establishment meeting of a joint stock limited company need to do?
A: The establishment meeting of the company shall exercise the following powers:
  1. Review the reports of the sponsors on the preparation of the company;
  2. Adopting the company's articles of association;
  3. Election of directors and supervisors;
  4. Review the establishment costs of the company;
  5. Review the valuation of the promoter's non-monetary property contribution;
  6. Where force majeure or major changes in operating conditions directly affect the establishment of the company, a decision not to establish the company may be made.
Resolutions on the matters listed in the preceding paragraph shall be adopted by more than half of the voting rights held by the subscribers present at the meeting.

Q:
When should a joint stock limited company apply for establishment registration?
A: The board of directors shall authorize the representative to apply to the company registration authority for registration of establishment within 30 days after the completion of the company establishment meeting.

Language

繁體中文

简体中文

日本語

close