According to the Company Law of China, the establishment of a joint stock limited company shall meet the following six conditions: 1, and the promoters shall meet the quorum. The establishment of a joint stock limited company must have sponsors, who can be natural persons or legal persons. The number of promoters is more than 2 and less than 200, and more than half of the promoters have residences in China. When a state-owned enterprise is transformed into a joint stock limited company, it shall be established by way of offering. 2. The share capital subscribed by the promoters and publicly raised by the society reaches the minimum statutory capital. China's Company Law clearly stipulates that the registered capital of a joint stock limited company is the paid-in share capital registered with the company registration authority. The total share capital is the product of the par value of the company's shares and the total number of shares. At the same time, it is also stipulated that the minimum registered capital of the company is 5 million yuan, and the minimum amount needs to be higher than 5 million yuan, which shall be stipulated separately by laws and administrative regulations. Where the establishment is initiated, the promoters shall subscribe for all the shares issued by the company; If it is established by public offering, the shares subscribed by the promoters shall not be less than 35% of the company's shares. 3. The issuance and preparation of shares are in compliance with the law. 4. The promoters shall formulate articles of association, which shall be adopted by the founding meeting. 5. Have a company name and establish an organization that meets the requirements of a joint stock limited company. The organization of a joint stock limited company consists of shareholders' meeting, board of directors, manager and board of supervisors. The shareholders' meeting is the highest authority. Shareholders attend the shareholders' meeting, and each share they hold has one vote. The board of directors is the executive body of the company's shareholders' meeting, consisting of 5 ~ 19 people. The manager is responsible for the daily operation and management of the company. 6. Having a fixed production and business operation place and necessary production and business operation conditions.
Legal objectivity:
Article 77 of the Company Law of People's Republic of China (PRC) * * * A joint stock limited company may be established by means of initiation or offering. Article 78 of the Company Law of People's Republic of China (PRC) * * * To establish a joint stock limited company, there shall be at least two but not more than 200 promoters, and more than half of the promoters shall have their domicile in China. Article 80 of the Company Law of People's Republic of China (PRC), where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all promoters registered in the company registration authority. Before the shares subscribed by the promoters have been paid in full, they may not raise them from others. Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in amount of registered capital and the minimum amount of registered capital, those provisions shall prevail.