Legal analysis:
A group company is a group company organized to act together for a certain purpose. It refers to an enterprise legal person consortium with capital as the main link, parent company as the main body and the articles of association of the group as the norm, which is composed of members such as parent company, subsidiary company and shareholding company. Generally speaking, a group company refers to a large company with many production and operation institutions. It generally manages large-scale assets, governs many production and business units, and has its own rights and interests in many other enterprises. A joint-stock company refers to a company with shares as its capital, and its shareholders are liable to the company to the extent of the shares subscribed by them.
Legal basis:
According to Article 76 of the Company Law of People's Republic of China (PRC), the establishment of a joint stock limited company shall meet the following conditions:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.