The Company Law of the People's Republic of China is a law which was passed by the National People's Congress of the PRC on 29 December 1993 and came into force on 1 July 1994.[1] It has been amended several times since then. The most current version of the law took effect in 2018.[2] The law regulates limited liability and joint stock companies.[3]
The main purpose of the law is stated in Article 1, "The Company Law of the People's Republic of China (hereinafter referred to as the "Law") has been enacted in order to standardize the organization and activities of companies, protect the lawful rights and interests of companies, shareholders and creditors, safeguard the social and economic order and promote the development of the socialist market economy."[2]
Article 108 states that "A company limited by shares shall have a board of directors of five to 19 members."
Contentsedit
The Company Law contains 13 chapters and 218 articles.[2] The chapters deal with the following topics:
Chapter I: General Provisions
Chapter II: Establishment and Organizational Structure of Limited Liability Companies
Chapter III: Transfer of Equity Interests in Limited Liability Companies
Chapter IV: Establishment and Organizational Structure of Companies Limited By Shares
Chapter V: Issuance and Transfer of Shares in Companies Limited by Shares
Chapter VI: Qualifications and Obligations of Directors, Supervisors and Senior Officers of Companies
Chapter Ix: Merger and Division, Increase and Reduction of Capital of Companies
Chapter X: Dissolution and Liquidation of Companies
Chapter XI: Branches of Foreign Companies
Chapter XII: Legal Liability
Chapter XIII: Supplementary Provisions.
Referencesedit
^Xioa, G., Reforming the governance structure of China's state-owned enterprises, Public Administration and Development, 18 (1998), pp 273-280, John Wiley & Sons Ltd.
^ abc"Company Law of the People's Republic of China". mofcom.gov.cn. Retrieved 2019-11-19.
^Wang, Chang (2013). Inside China's legal system. Madson, Nathan H. Oxford, UK: Chandos Publishing. pp. 156–8. ISBN978-0857094612. OCLC 878805962.
April 14, 2024
company, people, republic, china, which, passed, national, people, congress, december, 1993, came, into, force, july, 1994, been, amended, several, times, since, then, most, current, version, took, effect, 2018, regulates, limited, liability, joint, stock, com. The Company Law of the People s Republic of China is a law which was passed by the National People s Congress of the PRC on 29 December 1993 and came into force on 1 July 1994 1 It has been amended several times since then The most current version of the law took effect in 2018 2 The law regulates limited liability and joint stock companies 3 The main purpose of the law is stated in Article 1 The Company Law of the People s Republic of China hereinafter referred to as the Law has been enacted in order to standardize the organization and activities of companies protect the lawful rights and interests of companies shareholders and creditors safeguard the social and economic order and promote the development of the socialist market economy 2 Article 108 states that A company limited by shares shall have a board of directors of five to 19 members Contents editThe Company Law contains 13 chapters and 218 articles 2 The chapters deal with the following topics Chapter I General ProvisionsChapter II Establishment and Organizational Structure of Limited Liability CompaniesChapter III Transfer of Equity Interests in Limited Liability CompaniesChapter IV Establishment and Organizational Structure of Companies Limited By SharesChapter V Issuance and Transfer of Shares in Companies Limited by SharesChapter VI Qualifications and Obligations of Directors Supervisors and Senior Officers of CompaniesChapter VII Corporate BondsChapter VIII Financial Affairs and Accounting of CompaniesChapter Ix Merger and Division Increase and Reduction of Capital of CompaniesChapter X Dissolution and Liquidation of CompaniesChapter XI Branches of Foreign CompaniesChapter XII Legal LiabilityChapter XIII Supplementary Provisions References edit Xioa G Reforming the governance structure of China s state owned enterprises Public Administration and Development 18 1998 pp 273 280 John Wiley amp Sons Ltd a b c Company Law of the People s Republic of China mofcom gov cn Retrieved 2019 11 19 Wang Chang 2013 Inside China s legal system Madson Nathan H Oxford UK Chandos Publishing pp 156 8 ISBN 978 0857094612 OCLC 878805962 Retrieved from https en wikipedia org w index php title Company Law of the People 27s Republic of China amp oldid 1177394810, wikipedia, wiki, book, books, library,
