The Form Of Limited By Share Ltd

There are two ways for Limited by Share Ltd to be established: initiation and establishment.

When the company is founded, that is, when the company is established, the shares issued by the company are all recognized by the sponsors instead of the society.

When the company is established, the sponsors do not recognize the total number of shares issued by the first company, only subscribe part of them, and the rest are openly raised to the public.

(1) the procedure for initiating the establishment.

The main procedures for launching Limited by Share Ltd in the form of initiation are:

Signing the initiator agreement.

The initiator entered into the articles of association.

The articles of association must be unanimously agreed by all initiators and signed and sealed by all initiators in the articles of association.

The articles of association must specify the matters specified in the company law.

The promoters subscribe for shares of the company.

The sponsors pay capital contributions.

If the sponsors pay their contributions in installments, the initial contribution of all sponsors shall not be less than 20% of the registered capital, but the investment company may pay within 5 years.

If the sponsors pay their capital contributions at a time, they shall pay all the shares at the same time.

To set up a company organ.

After the first subscription paid by the sponsors and the obligation to fulfill their obligations, the sponsors shall elect the board of directors and the board of supervisors and establish a company organ.

Registration for establishment.

After the registration of the company registration authority and the obtaining of the company's business license, the Limited by Share Ltd will be established.

(2) procedures for collection.

The shares subscribed by the promoters shall not be less than 35% of the total shares of the company.

The sponsors pay shares and capital contributions.

Public offering of shares to the public.

The public offering of shares to the public must be examined by the securities regulatory authority under the State Council.

When initiating a stock raising audit, the sponsors shall submit an application for stock raising to the securities regulatory authority under the State Council and submit relevant documents.

The securities regulatory authority under the State Council examines and approves or approves the application of stock offering and related documents.

Subscribers subscribe to shares and pay shares.

After the sponsors raise shares, the public can subscribe for shares.

Hold a founding meeting.

After the company pays the full amount of the shares and has verified the capital by the statutory capital verification institution, the promoter shall preside the company's founding meeting within 30 days.

The general assembly is composed of the initiator and the subscriber.

The sponsors shall notify the subscribers or announce the date of the meeting 15 days before the founding meeting.

The founding meeting shall be held only if the initiators and subscribers of more than half of the total shares are represented.

A resolution on matters within its terms of reference must be adopted by the founding general assembly, which must be approved by a majority of the voting rights of the subscribers attending the meeting.

The board of directors shall, within 30 days after the conclusion of the founding meeting, apply for registration of establishment with the company registration authority - the administrative department for Industry and commerce.