Key Points of Company Law Regulations Interpretation -- Simplified Version

by huiyun_moo on 2009-09-08 16:32:24

1. There are two types of companies in our country: Limited Liability Company + Joint Stock Company.

2. A company has independent legal person status: independent personality; independent property; independent responsibility.

3. Restrictions on reinvestment: the objects are limited to limited liability companies and joint-stock companies, and except as otherwise provided by law, they cannot become joint and several liable persons.

4. External guarantees of a company must be resolved by the board of directors or the shareholders' meeting/congress; internal guarantees must be resolved by the shareholders' meeting/congress.

5. The articles of association of a company...