The board of directors of a joint-stock company shall be convened at least twice a year. If the board of directors decides to convene an interim meeting, the notice time limit shall be stipulated in the articles of association or implemented in accordance with the rules of procedure of the board of directors.
The basic characteristics of a company limited by shares are as follows:
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;
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 The shares of the company can be freely transferred, but they cannot be withdrawn;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. The establishment and dissolution of the company have strict legal procedures and complicated procedures.
The two characteristics of a joint-stock company are as follows:
1. Joint-stock companies can quickly realize capital concentration. The capital of a joint-stock company is divided into several shares, which shall be subscribed by investors. Investors can subscribe for one or several shares according to their own economic ability, and the larger investment amount is divided into parts, which makes more people have the investment ability and greatly speeds up the investment.
2. Joint-stock companies can meet the requirements of mass production in modern society for enterprise organizational forms.
The types of joint-stock companies include the following categories:
1. Unlimited company: refers to a company in which all shareholders are jointly and severally liable for the debts of the company;
2. Limited company: means that shareholders are only liable for the debts of the company to the extent of their capital contribution;
3. Joint stock company: that is, the company consists of unlimited shareholders and limited shareholders.
4. Limited by Share Ltd.: Whether a person can become a shareholder of the company depends on whether he has paid the shares and bought the shares, not on his personal relationship with other shareholders. Therefore, a joint stock limited company can quickly, extensively and massively concentrate funds;
5. Joint-stock company: A joint-stock company is a company composed of unlimited shareholders and limited shareholders.
Article 112 of the Company Law of People's Republic of China (PRC) stipulates that the meeting of the board of directors shall be attended by the directors themselves; If a director is unable to attend for some reason, he may entrust other directors to attend in writing, and the power of attorney shall specify the scope of authorization.
The board of directors shall make minutes of the decisions on the matters discussed, and the directors present at the meeting shall sign the minutes.
Directors shall be responsible for the resolutions of the board of directors. Where the resolution of the board of directors violates laws, administrative regulations, the articles of association or the resolutions of the shareholders' meeting, thus causing serious losses to the company, the directors who participated in the resolution shall be liable for compensation to the company. However, if it is proved that an objection was expressed during the voting and recorded in the minutes of the meeting, the director may be exempted from liability.