The difference between joint-stock companies and group companies is that joint-stock companies are also called joint-stock limited liability companies. It refers to an enterprise legal person established by a certain number of shareholders according to law, and all its capital is divided into equal shares. Shareholders are liable for the debts of the company to the extent of their shares, and the company is liable for the debts of the company with all its assets. Joint-stock companies are joint ventures and have the following characteristics: 1. The capital of a joint-stock company is not invested by one person alone, but is divided into several shares and jointly invested by many people; 2. The ownership of a joint-stock company does not belong to one person, but belongs to the owner who subscribes for the shares of the company. A group company consists of three or more subsidiaries. A group company controls a certain number of shares in each subsidiary, which may or may not be a limited company. Its subsidiaries generally operate independently, and as long as they meet the annual budget, the group companies generally do not interfere. The main leaders of some subsidiaries are often sent by group companies. Moreover, the group company must be the major shareholder of the subsidiary.
Legal objectivity:
Article 34 of the Company Law: Shareholders who have the right to share dividends and preemptive right shall receive dividends in proportion to their paid-in capital contribution; When the company increases its capital, shareholders have the priority to subscribe for the capital contribution in proportion to the paid-in capital contribution. Except that all shareholders agree not to pay dividends according to the proportion of capital contribution or not to subscribe for capital contribution in priority.