original shareholders shall be made in accordance
with provisions on the payment of share capital for
establishing joint stock company limited as set by this law.
Article 188 After merger or division, a company shall
change its registration with the registration department in
case of changes of registered items, and cancel the
registration in case of dissolution, and register for a new
company in case a new company is created.
When a company increases or decreases its share capital, a
change of registration shall be made with registration
department of the
company.
CHAPTER EIGHT BANKRUPTCY, DISSOLUTION AND LIQUIDATION
Article 189 When a company is declared bankruptcy according to
law
due to insolvent of debt payment, the people's court shall
organize a liquidation group composed of shareholders, relevant
departments and specialized personnel according to the provisions of
relevant laws and conduct liquidation of the company.
Article 190 A company may dissolve in one of the following cases:
1. The term of operation prescribed in the
articles of association has expired or other conditions for
dissolution as provided for in the articles of association have
appeared;
2. A resolution on dissolution has been adopted by
meeting of shareholders;
3. Dissolution is necessary for merger or division of the company.
Article 191 When a company is decided to be dissolved according
to
the items 1 and 2 of the preceding article, a
liquidation group shall be formed within 15 days of the
decision. The liquidation group for the liquidation of a
limited liability company shall be formed by shareholders and
the members of the liquidation group for the liquidation of a
joint stock company limited shall be determined by the meeting
of shareholder. If a liquidation group is not formed within
the prescribed time limit, creditors may request the people's
court to designate relevant personnel to form a liquidation
group to carry out liquidation. The people's court shall accept
such request and timely designated members of the liquidation
group to conduct liquidation.
Article 192 A company shall be dissolved if it has been ordered
to
close down for violating the law or administrative decrees
and a liquidation group shall be formed by the department in charge.
Article 193 The liquidation group shall exercise the
following powers during the period of liquidation:
1. To carry out clearance of the assets of the company
and compile the balance sheet and list of assets.
2. To notify creditors or make a public
announcement about liquidation;
3. To handle上一页 [1] [2] [3] [4] [5] [6] 下一页
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