A limited liability company may be changed into a joint stock limited company. According to the Company Law, when a limited liability company is changed into a joint stock limited company, the total paid-in share capital after conversion shall not be higher than the company's net assets. (1) When a limited liability company is changed into a joint stock limited company, it must be approved by a special resolution of the shareholders' meeting; (2) It meets the requirements of a joint stock limited company as stipulated in the Company Law; (3) According to the current Company Law, when a limited liability company is changed into a joint stock limited company, the total paid-in share capital after conversion shall not be higher than the company's net assets.
Legal objectivity:
"Regulations of the People's Republic of China on the Administration of Company Registration" Article 27 A company applying for registration of change shall submit the following documents to the company registration authority: (1) An application for registration of change signed by the legal representative of the company; (2) resolutions or decisions on changes made in accordance with the Company Law. (3) Other documents required by the State Administration for Industry and Commerce. Where the company's change of registration matters involves the revision of the articles of association, it shall submit the revised articles of association or amendments to the articles of association signed by the company's legal representative. Where laws, administrative regulations or decisions of the State Council require approval to change registered items, relevant approval documents shall also be submitted to the company registration authority. "Regulations of the People's Republic of China on the Administration of Company Registration" Article 33 Where a company changes its type, it shall, in accordance with the conditions for the establishment of the company type to be changed, apply to the company registration authority for registration of change within the prescribed time limit and submit relevant documents.