Provisions on subscribed capital contribution of limited companies

Legal analysis: 1. It is allowed to independently agree on the total registered capital and cancel the minimum registered capital of limited liability companies. Theoretically, all shareholders (promoters) of a company can bid for a "unitary company".

2. Allow independent agreement on the proportion of initial investment, and cancel the requirement that the initial investment must reach more than 20% of the total registered capital. Theoretically, all shareholders (promoters) can have "zero down payment" when the company is established.

3. It is allowed to independently agree on the mode of investment and the proportion of monetary investment, and the proportion of monetary investment in registered capital is no longer limited.

4. It is allowed to independently agree on the time limit for capital contribution, and the time limit for all shareholders (promoters) of the company to pay capital contribution is no longer stipulated.

5. The registered capital subscription registration system is implemented, and there is no need to submit a capital verification report when the company is registered.

6, the implementation of enterprise annual report publicity system, no annual inspection.

Legal basis: People's Republic of China (PRC) Company 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 27 Shareholders may make capital contributions in cash or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in money and can be transferred according to law. However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations. Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Where there are provisions in laws and administrative regulations on evaluation and pricing, those provisions shall prevail.