1. A joint stock limited company refers to a company whose shares are the capital of the company, and shareholders are liable to the company to the extent of the shares subscribed by them. A joint stock limited company may be established by offering or initiating the establishment. Because all joint-stock companies must be limited liability limited companies, but not all limited companies are joint-stock companies, so they are generally called joint-stock companies.
2. Legal basis: Article 76 of People's Republic of China (PRC) Company Law.
Conditions for the establishment of a joint stock limited company The establishment of a joint stock limited company shall meet the following conditions:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply 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 company domicile.
Second, is the joint stock limited company fully paid?
1. The registered capital of a joint stock limited company is not paid in, but subscribed.
2. Shareholders shall pay their respective subscribed capital contributions in full and on time as stipulated in the Articles of Association. Where shareholders make capital contributions in cash, they shall deposit their capital contributions in full into the account opened by the limited liability company in the bank; Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law. Where a shareholder fails to pay the capital contribution in accordance with the provisions of the preceding paragraph, he shall be liable for breach of contract to the shareholder who has paid the capital contribution in full and on time.