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In limited liability companies and joint stock companies, the performance of the obligation of capital contribution is very important. After establishment, if the value of non monetary property is lower than that agreed in the Articles of Association, the contributing shareholders shall make up the difference, and other shareholders shall be jointly and severally liable. If no capital contribution certificate is issued, the sponsor shall make payment, and the relevant personnel shall also bear joint and several liabilities. After the establishment of a joint stock limited company, it will issue a capital contribution certificate to shareholders, which will record the company information, shareholders' capital contribution details and certificate number in detail, and seal for confirmation. Shareholders who have paid their capital contributions in full do not need to make capital contributions again after the establishment of the company.
#Company operation
1251 readings
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When a limited liability company is faced with bankruptcy, it must follow the liquidation procedure. The liquidation team is responsible for disposing of assets, formulating a liquidation plan and obtaining the approval of the shareholders' meeting or the court. In liquidation, priority shall be given to the payment of liquidation expenses, employee remuneration, social security, taxes and debts, and the remaining property shall be distributed among shareholders according to the proportion of capital contribution. If the property is not enough to pay off in full, the liquidation group needs to apply to the court for bankruptcy liquidation.
#Company operation
1010 readings
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The equity transfer shall comply with the laws and regulations. The promoters shall not transfer the shares within one year after the establishment without authorization within one year. The shares can only be transferred after one year of listing before the public offering. Members of the Board of Directors, members of the Board of Supervisors and senior executives shall not transfer more than 25% of their shares every year during their term of office. They can only transfer shares one year after the expiration of their term of office. Arbitrary transfer is prohibited within half a year after leaving office. Specific transfer restrictions may be prescribed by the Articles of Association.
#Company operation
968 readings
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The invalid and revocable resolutions of the Board of Directors include: violation of national laws and administrative regulations, illegal convening of meetings or voting, and conflict with the Articles of Association. After the resolution is invalid or revoked, the company needs to withdraw the relevant change registration. The Board of Directors is composed of professional directors who represent the interests of shareholders and supervise the development of the Company. The Board of Directors shall be elected by the Shareholders' Meeting, and shall have a chairman and deputy chairman. The term of office shall be three years. Unless otherwise specified, the Board of Directors shall not be arbitrarily dismissed by the Shareholders' Meeting before the expiration of the term of office, so as to ensure the continuity of the operation of the Board of Directors.
#Company operation
1470 readings