(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.
Procedures of a company limited by shares:
1. Initiation methods and procedures for establishing a joint stock limited company:
(1) The promoters subscribe for the shares specified in the Articles of Association in full.
(2) contribution.
(3) Elect the board of directors and the board of supervisors.
(4) Application for registration of establishment.
2. Method of establishment by offering Procedures for the establishment of a joint stock limited company:
(1) The promoters subscribe for shares.
(2) Offering shares to the public.
(3) hold the founding meeting.
(4) Application for registration of establishment.
Legal basis: Article 76 of the Company Law of People's Republic of China (PRC) shall meet the following conditions for the establishment of a joint stock limited company:
(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.