(1) The promoters meet the quorum. To establish a joint stock limited company, there should be two or more promoters but not more than 200, and more than half of the promoters have domicile in China.
(2) Having the total capital subscribed by all promoters or the total paid-in capital raised in accordance with the articles of association.
(3) The issuance and preparation of shares comply with the law.
(4) The Articles of Association shall be formulated by the promoters, established by way of subscription and approved 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.
The establishment of a joint stock limited company can take the form of sponsorship or offering: sponsorship refers to the establishment of a company by the sponsors subscribing for all the shares that the company should issue; The establishment by offer means that the promoters subscribe for part of the shares that should be issued by the company, and the rest of the shares are offered to the public or specific objects to establish the company.
Basic characteristics of a company limited by shares
(1) Limited by Share Ltd is an independent Economic legal.
(2) The number of shareholders of a joint stock limited company shall not be less than the quorum. For example, in France, the number of shareholders should be at least seven.
(3) The shareholders of a joint stock limited company shall bear limited liability for the debts of the company, and the liability limit shall be the number of shares payable by the shareholders.
(4) All the capital of a joint stock limited company is divided into equal shares, and funds are raised through public offering. Anyone can become a shareholder of the company after paying the shares, and there is no qualification restriction.
(5) The shares of the company can be freely transferred, but they cannot be withdrawn.
(6) The company's accounts must be made public so that investors can know about the company and make choices.
(7) There are strict legal procedures for the establishment and dissolution of the company, and the procedures are complicated.
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