1. The number of promoters has reached a quorum, that is, more than five, and more than half of the promoters must have a residence in China. When a state-owned enterprise is transformed into a joint stock limited company, there may be less than five promoters, but the establishment method shall be adopted.
2. The share capital subscribed by the promoters and publicly raised by the society reaches the minimum statutory capital, which is generally10 million yuan;
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. Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
6. Having a fixed production and business operation place and necessary production and business operation conditions.
Procedures for establishing a joint stock limited company:
1. Pre-approval of application name. To establish a joint stock limited company, the representative designated by all the promoters or the agent entrusted by * * * shall apply to the company registration authority for name pre-approval.
2. Apply for registration of establishment. To establish a joint stock limited company, the board of directors shall apply to the company registration authority for registration of establishment.
3. Certification. For companies established according to law, the Company Registration Authority shall issue the Business License of Enterprise as a Legal Person. The date of issuance of the business license of the company is the date of establishment of the company. With the Business License of Enterprise as a Legal Person issued by the company registration authority, the company seals, opens a bank account and applies for tax registration.
I believe that after reading the article, everyone knows the conditions and procedures for setting up a joint stock limited company in China. I hope this helps you.
Legal basis:
company law
Article 77
The establishment of a joint stock limited company can be initiated or raised.
A promoter refers to a company established by the promoters who subscribe for all the shares that should be issued by the company.