PRC Company Law (Amended)
中华人民共和国公司法 (修订)
This Law provides that a company is a separate legal entity from its shareholders. Two types of companies are allowed: limited liability company (LLC), and companies limited by shares.
《公司法》订明公司是独立于其股东的法人,又允许成立两类公司:有限责任公司和股份有限公司。
Issue: December 2005/January 2006
CLP Reference: 2330/05.10.27
PRC Reference: 中华人民共和国主席令第 42 号
Promulgated: 27 October 2005
Effective: 01 January 2006
Keywords (click to search):
company law
limited liability company
LLC
companies limited by shares
liquidation
foreign companies
corporate identity
corporate governance
company formation
(Promulgated on October 27 2005 and effective as of January 1 2006.)
(二零零五年十月二十七日发布,自二零零六年一月一日起施行。)
PRC President’s Order No.42
PART ONE: GENERAL PROVISIONS
Article 1: This Law is formulated in order to regulate the organization and activities of companies, to protect the lawful rights and interests of companies, shareholders and creditors, to safeguard the social and economic order, and to promote the development of the socialist market economy.
第一条 为了规范公司的组织和行为,保护公司、股东和债权人的合法权益,维护社会经济秩序,促进社会主义市场经济的发展,制定本法。
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