Three principles of capital

Jurisprudence analysis: The so-called three principles of capital refer to capital determination, capital maintenance and capital unchanged. These three principles are regarded as the core principles of company law in the civil law system, which ensure the independence and integrity of the company and the realization of the statutory capital system.

Legal basis: People's Republic of China (PRC) Company Law.

Article 26 The initial capital contribution of all shareholders of the company shall not be less than 20% of the registered capital, nor less than the statutory minimum registered capital, and the rest shall be fully paid by shareholders within two years from the date of establishment of the company; Among them, the investment company can pay in full within five years. The minimum registered capital of a limited liability company is RMB 30,000.

Article 59 The minimum registered capital of a one-person limited liability company is RMB 100,000. Shareholders shall pay in full the capital contribution stipulated in the Articles of Association.

Article 81 Where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all sponsors registered at the company registration authority. The initial contribution of all promoters of the company shall not be less than 20% of the registered capital, and the rest shall be fully paid by the promoters within two years from the date of establishment of the company; Among them, the investment company can pay in full within five years. No shares may be sold to others before the full amount of shares has been paid. The minimum registered capital of a joint stock limited company is RMB 5 million.