The Measures for the Supervision and Administration of Unlisted Public Companies are divided into general provisions, corporate governance, information disclosure, share transfer, directional issuance, supervision and management, legal responsibilities and supplementary provisions, and are implemented from 20 13 to 1.
Second, analysis
The supervision of unlisted public companies has always been in a vague area. Especially in recent years, with the continuous emergence of cases of illegal issuance and illegal securities business, it is urgent to strengthen the supervision of unlisted public companies. Therefore, in 2006, the regulatory authorities actively prepared to set up relevant departments to supervise joint stock limited companies that have publicly issued shares but are not listed on the stock exchange. Some people in the industry also popularly call it secondary issuance. The establishment of the supervision office of unlisted companies means that the supervision of unlisted public companies has been formally brought into the legal track.
What do you mean by unlisted public companies?
The essence of a listed company is a joint-stock limited liability company, which has the general characteristics of a joint-stock limited company, such as the limited liability of shareholders, the separation of ownership and management rights, and the participation of shareholders in the company's decision-making by electing the board of directors and voting. However, the biggest feature of listed companies, which is different from ordinary companies, is that they can use the securities market to raise funds and widely absorb social idle funds, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products. Therefore, the listed company's capital stock expansion ability and market competitiveness are stronger than those of ordinary companies.