Corporate Law Related Regulations Selection: — Selection of Related Regulations

Author: Legal Publishing House Regulations Center
Publisher:
Publish Date: 2005-05-01
Features: To comply with the requirements of the Company Law regarding company registration and establishment, the State Council issued the "Regulations of the People's Republic of China on Company Registration Administration" in 1994. These regulations specifically outline the jurisdiction, matters, procedures, and other aspects of company registration, clarify the legal effect of registration actions, and hold significant practical value. As the administrative authority for company registration, the State Administration for Industry and Commerce has summarized its experience in registration management and issued numerous rules to further refine the provisions of the regulations. According to the Company Law, the proportion of investment in high-tech achievements can exceed 20%. The specific regulations for the investment of high-tech achievements are detailed in relevant administrative rules. Due to the frequent occurrence of unrealistic registered capital in China's current stage, there has been ongoing debate on how auditing institutions should bear legal liability. The Supreme People's Court has issued corresponding judicial interpretations to define the scope of responsibility for auditing institutions. It is well-known that the shares of Chinese joint-stock companies are divided into different categories, each subject to different legal regulations. To protect the interests of state-owned shareholders, the government has formulated a large number of management norms for state-owned shares. For the issuance of domestic-listed foreign shares and overseas-raised shares, there are currently clear regulatory bases. The legal issues arising from company termination have long been a focal point of discussion among both theorists and practitioners. This particularly involves practical issues such as how to organize the liquidation of a company and how to bear the liabilities of debts after a company's business license is revoked. Both judicial and administrative authorities have issued corresponding regulations on these matters.