This provision first came into being in "Article 79 of the Company Law as revised in 2005. 10.27" and was implemented on June 65438+ 10/day, 2006.
Major amendments to the establishment and organization of a joint stock limited company:
Article 79 To establish a joint stock limited company, there shall be two or more promoters, and more than half of them shall have their domicile in China.
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.
Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority.
Main aspects of establishing a joint stock limited company and modifying its organizational structure
1. The provisions on raising funds from specific targets have been added; (Articles 77 and 78)
2. Add 2-200 promoters at most; (Article 79)
3. It is stipulated that the subscription system shall be implemented when the establishment is initiated, and the minimum registered capital shall be reduced from 6,543,800 yuan to 5 million yuan; (Article 81)