A limited liability company may be changed into a joint stock limited company. According to the Company Law, when a limited liability company is changed into a joint stock limited company, the total paid-in share capital after conversion shall not be higher than the company's net assets. (1) When a limited liability company is changed into a joint stock limited company, it must be approved by a special resolution of the shareholders' meeting; (2) It meets the requirements of a joint stock limited company as stipulated in the Company Law; (3) According to the current Company Law, when a limited liability company is changed into a joint stock limited company, the total paid-in share capital after conversion shall not be higher than the company's net assets.
Legal objectivity:
Article 9 of the Company Law of People's Republic of China (PRC) Where a limited liability company is changed into a joint stock limited company, it shall meet the requirements of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law. Article 23 of People's Republic of China (PRC) Company Law The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall meet the quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile. Article 24 of the Company Law of People's Republic of China (PRC) A limited liability company is established by capital contribution of shareholders with less than 50 persons.