Basic process of shareholding system reform

Legal analysis: 1. If a limited liability company is resolved by the relevant shareholders' meeting and the state-owned enterprise is approved by the superior competent department to carry out shareholding system reform, a preparatory group for enterprise restructuring shall be established. 2. Choose a sponsor. 3. Hire an intermediary. 4. Audit and asset evaluation. 5. The state-owned assets appraisal confirms that land assets are involved as capital contribution, and the state-owned land disposal plan has been approved by the state-owned land management department. 6. Produce the reformed text. 7. Declaration: (1) Confirmation of state-owned equity management; (2) Confirmation of the overall restructuring plan. 8. recognition. 9. Capital injection and capital verification. 10, held the founding meeting. 1 1, handle industrial and commercial registration or change registration.

Legal basis: Article 46 of the Company Law of People's Republic of China (PRC). The board of directors shall be responsible to the shareholders' meeting and exercise the following functions and powers:

(1) Convene the shareholders' meeting and report the work to the shareholders' meeting;

(2) Implementing the resolutions of the shareholders' meeting.

(3) To decide on the company's business plan and investment plan;

(4) To formulate the company's annual financial budget and final accounts;

(five) to formulate the company's profit distribution plan and loss compensation plan;

(6) To formulate plans for the company to increase or decrease its registered capital and issue corporate bonds;

(seven) to formulate plans for the merger, division, dissolution or change of corporate form of the company;

(VIII) Deciding on the establishment of the company's internal management organization;

(9) To decide on the appointment or dismissal of the company manager and their remuneration, and to decide on the appointment or dismissal of the company's deputy manager and financial officer and their remuneration according to the nomination of the manager;

(X) To formulate the basic management system of the company;

(eleven) other functions and powers stipulated in the articles of association.