onduct its business activities within
the scope registered. If a company has revised its
articles of association according to legal procedures and
registered for alteration with the registration authorities, it
may change the scope of business.
Article 12 A company may invest in other limited
liability
companies or joint stock companies limited and bear
responsibility to the companies in which it has invested in
proportion to the amount of investment it has made.
Except for investment companies and holding
companies as specified by the State Council, where a company
invests in other limited liability companies or joint
stock companies limited, the aggregate amount of the investment
shall not exceed 50% of the net assets of the company, not
including the capital gains of the latters put in by the company
from its profits gained from the latters.
Article 13 A company may set up branches, which shall not enjoy
the
status of enterprise legal persons, and the parent company
shall be responsible for civil liabilities of its branches.
A company may set up subsidiaries which shall enjoy the
status of enterprise legal persons and be independently responsible
for their own civil liabilities.
Article 14 In conducting business operations, a company
shall abide by law, observe business ethics, promote socialist
culture and ethics, and accept the supervision by the government and
the public.
The legitimate rights and interests of a company shall
be
protected by law against any infringement.
Article 15 A company shall protect the legitimate rights
and
interests of its staff and workers, strengthen labor
protection, and ensure safe production.
A company shall provide its workers with vocational education
and in job training in various forms to improve their
working
quality.
Article 16 Workers of a company shall organize a trade union
in
accordance with the law to carry out trade union
activities and protect their legitimate rights and interests. A
company shall provide the necessary conditions for activities of
its trade union.
A solely State-owned company or a limited
liability company established by more than two State-owned
enterprises or by more than two State-owned investment entities
shall exercise democratic management in accordance with the
provisions of the Constitution and relevant laws through the
general meetings of the staff and workers or otherwise.
Article 17 The grassroots organizations of the Communist Party
of
China in a company shall carry out their activities according
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