After the parent company injects the registered capital into the subsidiary, it becomes the shareholder of the subsidiary. According to the relevant provisions of the Company Law, the parent company and the subsidiary company are two independent legal entities, with independent property between them, each enjoying civil rights and assuming civil obligations.
Qualification and performance are related to the bidder's asset scale, production equipment and personnel. The parent company and its subsidiaries have different assets, production equipment and personnel, so their qualifications and performance are also different. The qualifications and achievements of the parent company are not transferable, and the subsidiaries have no right to participate in the bidding with their qualifications and achievements. Therefore, even a wholly-owned subsidiary cannot participate in the bidding with the qualification and performance of the parent company.
To set up a subsidiary, you need to prepare the following materials:
1. Application for establishment registration;
2. Articles of association;
3. Documents indicating the names and residences of the company's directors, supervisors and managers, as well as certificates of appointment, election or employment;
4. Certificate of company domicile;
5. Other information.
To sum up, subsidiaries cannot do parent company business. A subsidiary can carry out business that the parent company does not have, such as the business of some branches.
Legal basis:
Article 176th of the Company Law of People's Republic of China (PRC)
The debts before the division of the company shall be jointly and severally liable by the company after the division. However, unless the company and creditors reach a written agreement on debt settlement before division.
Article 177
When a company needs to reduce its registered capital, it must prepare a balance sheet and a list of assets.
The company shall notify the creditors within ten days from the date of making the resolution to reduce the registered capital, and make an announcement in the newspaper within thirty days. Creditors have the right to require the company to pay off debts or provide corresponding guarantees within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice.
Article 178
When a limited liability company increases its registered capital, the contribution of the newly-increased capital subscribed by shareholders shall be implemented in accordance with the relevant provisions of this Law on the contribution of limited liability companies.
When a joint stock limited company issues new shares to increase its registered capital, shareholders shall subscribe for new shares in accordance with the relevant provisions of this Law on the establishment of a joint stock limited company and the payment of shares.
Article 179
Where a company is merged or divided and its registered items change, it shall register the change with the company registration authority according to law; If the company is dissolved, it shall go through the cancellation of registration according to law; Where a new company is established, it shall be registered in accordance with the law.
Where a company increases or decreases its registered capital, it shall register the change with the company registration authority according to law.