I. Changes in the establishment of the company
The new Company Law simplifies the procedure of company establishment, lowers the threshold of establishment and improves the efficiency of market access. For example, the minimum limit of registered capital has been abolished, allowing enterprises to independently agree on the amount of registered capital and payment methods. At the same time, it also strengthened the information disclosure and supervision in the process of company establishment to ensure the authenticity and legitimacy of enterprise information.
Second, the change of corporate governance.
The new company law strengthens the regulation of corporate governance and improves the rights and responsibilities of the board of directors, the board of supervisors and other institutions. For example, the decision-making procedure of the board of directors and the supervisory responsibility of the board of supervisors have been clarified, and the accountability mechanism for directors, supervisors and senior managers has been strengthened. In addition, the supervision and disclosure requirements for related party transactions have been increased to prevent the company's interests from being occupied by insiders.
Three. Changes in enterprise financing
The new company law relaxes the restrictions on enterprise financing and provides more financing channels and methods for enterprises. For example, enterprises are allowed to raise funds by issuing bonds and new shares to specific targets, which reduces the financing cost of enterprises. At the same time, it also strengthened the information disclosure and supervision in the company's financing process to ensure the compliance and fairness of financing activities.
To sum up:
The new "Company Law" has revised and improved many aspects such as company establishment, corporate governance and corporate financing, further optimized the business environment, protected shareholders' rights and interests, and promoted the healthy development of the company. These changes will help stimulate market vitality and promote sustained and stable economic growth.
Legal basis:
Company Law of the People's Republic of China
Article 26 provides that:
"The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered in the company registration authority. If laws, administrative regulations and the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail. "
Company Law of the People's Republic of China
Article 108 stipulates:
"A company limited by shares shall have a board of directors with five to nineteen members. Members of the board of directors may include company employee representatives. The employee representatives in the board of directors are elected by the employees of the company through employee congresses, employee congresses or other forms of democratic elections. The provisions of Article 45 of this Law on the functions and powers of the board of directors of a limited liability company shall apply to the board of directors of a joint stock limited company. "
Company Law of the People's Republic of China
Article 153 stipulates:
"The term" corporate bonds "as mentioned in this Law refers to the securities issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. To issue corporate bonds, a company shall meet the conditions stipulated by the State Council. After the application for issuing corporate bonds is approved by the department authorized by the State Council, the method for raising corporate bonds shall be announced. The measures for raising corporate bonds shall specify the following main items: (1) the name of the company; (2) the purpose of the funds raised by bonds; (3) The total amount of bonds and the par value of bonds. (4) How to determine the bond interest rate; (5) The time limit and method for repaying the principal and interest; (6) Bond guarantee; (7) The issue price and date of the bonds; (8) Other matters stipulated by the State Council. "