What are the provisions on capital increase in Interpretation 4 of Company Law?

Legal Analysis: The Company Law stipulates that when a joint stock limited company issues new shares to increase its registered capital, shareholders shall subscribe for new shares in accordance with the relevant provisions of this Law on the establishment and payment of shares of a joint stock limited company. Where a company increases or decreases its registered capital, it shall register the change with the company registration authority according to law.

Legal basis: Regulations of the People's Republic of China on the Administration of Company Registration.

Article 31 Where a company increases its registered capital, it shall apply for registration of change within 30 days from the date when the resolution or decision on change is made. Where a company reduces its registered capital, it shall apply for registration of change after 45 days from the date of announcement, and submit the relevant certificates of the company's announcement of the company's reduction of registered capital in newspapers and the explanation of the company's debt settlement or debt guarantee.

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.