1994.07.01
STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS
COMPANY LAW OF THE PEOPLE'S REPUBLIC OF CHINA
(Adopted at the Fifth Session of the Standing Committee of
the Eighth National People's Congress on December 29,1993)
CONTENTS
CHAPTER ONE GENERAL PROVISIONS
CHAPTER TWO ESTABLISHMENT AND ORGANIZATIONAL SETUP OF A
LIMITED
LIABILITY COMPANY
SECTION ONE ESTABLISHMENT
SECTION TWO ORGANIZATIONAL SETUP
SECTION THREE SOLELY STATE-OWNED COMPANIES
CHAPTER THREE ESTABLISHMENT AND ORGANIZATIONAL SETUP OF
JOINT STOCK COMPANY LIMITED
SECTION ONE ESTABLISHMENT
SECTION TWO SHAREHOLDER'S MEETING
SECTION THREE BOARD OF DIRECTORS, MANAGER
SECTION FOUR SUPERVISORY COMMITTEE
CHAPTER FOUR ISSUE AND TRANSFER OF SHARES OF A JOINT
STOCK LIMITED COMPANY
SECTION ONE ISSUE OF SHARES
SECTION TWO TRANSFER OF SHARES
SECTION THREE LISTED COMPANIES
CHAPTER FIVE CORPORATE BONDS
CHAPTER SIX FINANCIAL AFFAIRS AND ACCOUNTING OF A COMPANY
CHAPTER SEVEN MERGER AND DIVISION OF A COMPANY
CHAPTER EIGHT BANKRUPTCY, DISSOLUTION AND LIQUIDATION
CHAPTER NINE BRANCHES OF FOREIGN COMPANIES
CHAPTER TEN LEGAL RESPONSIBILITIES
CHAPTER ELEVEN SUPPLEMENTARY PROVISIONS
CHAPTER ONE GENERAL PROVISIONS
Article 1 The law is formulated in conformity with
the Constitution in view to establishing a modern
enterprise system, standardizing the organization
and operation of companies,protecting the legitimate rights
and interests of companies, shareholders and creditors,
maintaining the socialist economic order and promoting the
development of the socialist market economy.
Article 2 The term "company" used in this law refers to a
limited liability company or a joint stock company limited set up
within the territory of the People's Republic of China
according to the provisions of this law.
Article 3 A limited liability company and a joint stock
company limited are enterprise legal persons.
For a limited liability company, a shareholder
bears the responsibility to the company within the limit of the
amount of investment made by the shareholder per se and the
company shall bear the responsibility for its debts with all its
assets.
For a joint stock company limited the entire capital is
divided into shares of equal amount and the
shareholders bear responsibilities to their company within the
scope of the number of shares they hold and the
company shall bear responsibilities for its debts with all its
assets.
Article 4 Shareholders of a company, as capital
contributor, shall have the rig[1] [2] [3] [4] 下一页
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