Law of the People's Republic



"Company Law of the People's Republic" by the People's Republic of the Tenth National People's Congress Standing Committee of the 18th meeting in October 27, 2005 enactment of the amendments, will now be revised "Law of the People's Republic" published Since January 1, 2006 will come into effect.

Chinese President Hu Jintao
October 27, 2005

Law of the People's Republic (December 29, 1993 of the Eighth National People's Congress Standing Committee adopted at its fifth meeting, according to the December 25, 1999 of the Ninth National People's Congress Standing Committee 13th meeting, "on the revised <Law of the People's Republic> decision, "the first amendment, according to the August 28, 2004 of the Tenth National People's Congress Standing Committee of the 11th meeting," on the revised <Law of the People's Republic> decision "for the second time Amended October 27, 2005 of the Tenth National People's Congress Standing Committee meeting, the 18th Amendment)
Contents
Chapter I General Provisions
The second chapter of the establishment of limited liability companies and organizations
Section I set up
Section II Organization
Section III a limited liability company special provisions
Section IV of the wholly state-owned companies in particular provisions
Chapter III of the limited liability company's stock transfer
Chapter IV Limited for the establishment and organization
Section I set up
Section II general
Section III board of directors, managers
Section IV of the board of supervisors
Section V of the organizations listed companies in particular provisions
Chapter V of the Limited and transfer of the shares will be offered
Section I of shares issued
Section II transfer of shares
Chapter VI of the directors, supervisors and senior management qualifications and duties
Chapter VII of corporate bonds
Chapter VIII of the corporate finance, accounting
Chapter IX of the merger, separation, the capital increase, capital reduction
Chapter X of the dissolution and liquidation
Chapter XI of the branches of foreign companies
XII liability
Chapter XIII



Chapter I General Provisions
The first company to regulate the organization and act to protect the company, shareholders and creditors of the legitimate rights and interests of safeguarding the social and economic order, promote the development of socialist market economy, the development of this law.
The second law is referred to in accordance with this law means in China to set up limited liability companies and Limited.
The third is the corporate enterprise, an independent corporate property, corporate property rights to enjoy. All the company for its property to the company's debt held accountable. Limited liability company with its shareholders, the subscription amount of capital the company be held responsible; Corp. shareholders to subscribe for its stake in the company's limited responsibility.
Article IV shareholders are legally entitled to the proceeds of assets, a significant part in decision-making and the right to select managers and so on.
Article V companies engaged in business activities, must abide by laws and administrative regulations, to comply with social ethics, business ethics, honesty and trustworthiness, and the general public to accept the Government's supervision, and social responsibility.
The company's legitimate rights and interests protected by law, shall be inviolable.
Article VI of the establishment, in accordance with the law should apply to the company registration office set up to register. In line with the provisions of this Law to set up the conditions, the company registration office were registered as limited liability companies or Limited; inconsistent with the provisions of this Law to establish the conditions may not be registered as a limited liability company or Limited.