(1) The net assets of a joint stock limited company shall not be less than 30 million yuan, and the net assets of a limited liability company shall not be less than 60 million yuan. (2) The accumulated bond balance shall not exceed 40% of the company's net assets. (3) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year. (4) The investment of the raised funds conforms to the national industrial policy. (5) The bond interest rate shall not exceed the interest rate level stipulated by the State Council. (six) other conditions stipulated by the State Council.
legal ground
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.