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capital, the capital of legal entity, the individual capital and the
foreigner's capital.
Article 7 An enterprise may, according to the laws and regulations of
the State, adopt various measures to raise capital, such as seeking
State investment, raising capital from various parties or issuing
stocks. The investors may invest in the enterprise in such forms as
cash, kinds or intangible assets.
The enterprise and the other investors may, according to the laws, claim
compensation for the breach of contract with respect to investors who
fail to contribute fund according to the investment contract or
agreement.
Article 8 The difference of the fund contributed by the investors over
the capital (including the stock premium) in the enterprise's operations
of raising the capital, the statutory increment of property value
through revaluation and the donated property received shall be accounted
into the capital reserve.
The capital reserve may be transferred into the capital according to the
relevant stipulations.
Article 9 The enterprise shall enjoy, according to the laws, the right
to manage over the capital it raised, and during the period of the
enterprise's operation, the investors may not withdraw their capital
investment in any form except transferring to others according to the
laws. Where the laws and administrative regulations stipulate otherwise,
the provisions otherwise stipulated shall be observed.
Article 10 The liabilities of an enterprise include long-term
liabilities and current liabilities.
The long-term liabilities refer to the debt, the maturity period of
which is over one year or over an operating cycle longer than a year,
including long-term borrowings, long-term bonds payable and long-term
accounts payable, etc.
The current liabilities refer to the debt, the maturity period of which
is within one year or within an operating cycle longer than a year,
including short-term borrowings, short-term bonds payable, provision
for expenses and the accounts payable or received in advance, etc.
Article 11 The accrued interest expenses of long-term liabilities
incurred during the preparation period shall be accounted into the
starting expenses; where incurred during the operation period, into the
financial expenses; where incurred during the liquidation period, into
the liquidation profit and loss. Among these, where the expenses are
connected with building or purchasing the fixed asset or intangible
asset, they shall be accounted into the value of the built or purchased
asset before the asset is delivered and put into operation or before the
final account of the completed project is made although the asset has
been delivered and put into operation.
The accrued interest expenses of the curre上一页 [1] [2] [3] [4] 下一页
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