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China's Company Law does not restrict minors to become shareholders, but because minors lack full capacity for civil liability, they are limited in understanding and handling company affairs. Therefore, the law stipulates that the shareholders' equity should be exercised by the legal representative.
#Company operation
986 readings
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China's Company Law does not restrict minors to become shareholders, but because minors lack full capacity for civil liability, they are limited in understanding and handling company affairs. Therefore, the law stipulates that the shareholders' equity should be exercised by the legal representative.
#Company operation
1199 readings
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Before the bankruptcy of the company, the outstanding debts that have not been revoked are regarded as bankruptcy claims. Creditors need to declare their debts at a specified time. After the bankruptcy application is accepted, some loan contracts remain valid. The management decides to deal with the contract and may cancel, continue or seek guarantees. Failure to notify the cancellation within the time limit is deemed as default, and strict performance is required if performance is selected; The other party has the right to apply for security, otherwise the contract may be terminated.
#Company operation
1306 readings
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The term of validity of a tobacco monopoly license shall be determined by the competent authority, and may be up to five years, counting from the date of issuance. If it is necessary to continue its business operation near the expiration of the validity period, it shall submit an application for renewal to the original license issuing authority 30 days before the expiration of the license.
#Company operation
1284 readings