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The new company law stipulates the subscription system for registered capital of limited liability companies. What about joint stock limited companies?

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The new company law stipulates the subscription system for registered capital of limited liability companies. What about joint stock limited companies?


        

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  • 2024-06-13 07:00:48

    The new company law stipulates the subscription system for registered capital of limited liability companies. What about joint stock limited companies?
    A joint stock company can be established by sponsorship or by public offering; Sponsored establishment is also a subscription system, and raised establishment is paid in capital. In accordance with Article 80 of the Company Law of the People's Republic of China (2013 Amendment), where a joint stock limited company is established by means of promotion, the registered capital is the total amount of share capital subscribed by all initiators registered with the company registration authority. No shares may be offered to others until the shares subscribed by the promoters have been fully paid. Where a joint stock limited company is established by means of public offering, its registered capital shall be the total paid in share capital registered with the company registration authority. Where laws, administrative regulations and the State Council decide otherwise on the paid in registered capital and the minimum amount of registered capital of a joint stock limited company, such provisions shall prevail. Article 84 Where a joint stock limited company is established by public offer, the shares subscribed for by the promoters shall not be less than 35% of the total shares of the company; However, if laws and administrative regulations provide otherwise, such provisions shall prevail. Article 85 When offering shares to the public, the promoters must publish a prospectus and prepare share subscription forms. The share subscription form shall contain the items listed in Article 86 of this Law, and the subscribers shall fill in the number of shares they have subscribed for, the amount of money they have paid, and their domicile, and sign and seal their names. The subscribers shall pay the share price according to the number of shares they have subscribed for. This is the relevant law about your problem.

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