Number of people required for a company limited by shares

Quorum of a joint stock limited company: two or more and 200 or less. According to the relevant laws and regulations, if a joint stock limited company is established according to law, there should be more than 2 promoters but no more than 200 promoters, and more than half of the promoters must have their domicile in China.

legal ground

Article 78 of the Company Law of People's Republic of China (PRC)

The establishment of a joint stock limited company shall have two or more promoters, of whom more than half of the promoters shall have their domicile in China.

Article 79 of the Company Law of People's Republic of China (PRC)

The promoters of a joint stock limited company undertake the preparatory work of the company.

The promoters shall sign a promoter agreement to clarify their respective rights and obligations during the establishment of the company.