Can a joint-stock company force shareholders to withdraw their shares? Is it legal?

1. According to the Company Law, only voluntary share transfer and withdrawal have the effect of shareholder withdrawal. In line with the provisions of Article 75 of the Company Law, the company may be required to purchase its shares, and in line with the provisions of Article 143 of the Company Law, its shares may be recovered, but it cannot be forced to withdraw its shares.

2. When the company is dissolved according to law, the shareholders of the company can also distribute the company's property after performing the relevant liquidation procedures according to law, and the legal purpose of shareholders' actual withdrawal from the company can also be realized.

Extended data:

Company Law of the People's Republic of China

Article 1 This Law is formulated for the purpose of regulating the organization and behavior of companies, protecting the legitimate rights and interests of companies, shareholders and creditors, maintaining social and economic order and promoting the development of socialist market economy.

Article 2 The term "company" as mentioned in this Law refers to limited liability companies and joint stock limited companies established in China according to this Law.

Article 3 A company is an enterprise legal person, which has independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property.

Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.

Article 4 Shareholders of a company shall enjoy the right to return on assets, participate in major decisions and choose managers according to law.

Article 5 A company engaged in business activities must abide by laws, administrative regulations, social ethics and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities.

Baidu Encyclopedia-People's Republic of China (PRC) and China Company Law