How many rights shareholders have in a joint-stock company is determined by the number of shares they own. In a nutshell, it is eight words "the same shares, the same rights and the same interests", and every equity is equal. This idea of equity equality is embodied in the Company Law. Articles 104 and 127 stipulate: "Shareholders shall have one vote for each share they hold when attending the shareholders' meeting" (Article 104).
2. A joint-stock company is based on the principle of free transfer, except for restricted transfer, and shares can circulate freely: shareholders of a joint-stock company generally cannot ask the company to return shares after purchasing them, but they can transfer them freely and have sufficient liquidity. This corresponds to the characteristics of capital cooperation and openness of joint-stock companies. Except in special circumstances stipulated by law, shareholders of a joint stock limited company may transfer their shares, and any investor may become a shareholder of a joint stock limited company by purchasing shares.
3. Difference of shareholders' right to know: According to Article 98 of the new Company Law, shareholders of a joint stock limited company have the right to consult the company's articles of association, shareholders' register, corporate bond stubs, minutes of shareholders' general meeting, resolutions of board meeting, resolutions of board meeting and financial accounting statements. There is no right to consult the company's accounting books, which is the biggest difference between shareholders of a limited liability company and shareholders of a joint stock limited company in the right to know.
4. When shareholders exercise their rights, they have different requirements on the shareholding ratio: due to the large number of shareholders in joint-stock companies and the scattered ownership, the company law should not only facilitate minority shareholders' rights protection, but also consider preventing minority shareholders from abusing their rights, so different institutional arrangements are made for the shareholding ratio when shareholders exercise their rights.
Baidu encyclopedia-co., ltd
Baidu encyclopedia holding company