Shares issued through corporate bonds can be divided into registered bonds and bearer bonds. When a registered bond is transferred, it must be endorsed in addition to the bond; Bearer bonds take effect immediately after transfer.
A company limited by shares is not necessarily a listed company. A joint stock limited company refers to an enterprise established by raising capital or funds by issuing and subscribing shares, and a listed company refers to a joint stock limited company whose publicly issued shares are listed and traded on the stock exchange with the approval of the securities administration department authorized by the State Council or the State Council.
A joint stock limited company applying for listing its shares must meet the following conditions:
1. With the approval of the State Council securities management department, the stock has been publicly issued to the public;
2. The total share capital of the company is not less than RMB 50 million;
3. It has been in business for more than three years and has been profitable for three consecutive years; The original state-owned enterprises were established after being rebuilt according to law, and the main sponsors are large and medium-sized state-owned enterprises, which can be calculated continuously;
4. The number of shareholders holding shares with a face value of more than RMB 65,438+0,000 is not less than 65,438+0,000, and the shares publicly issued to the public account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of its shares issued to the public is more than 15%;
5. The company has no major illegal acts within three years, and its financial and accounting reports have no false records;
6. Other conditions stipulated by the State Council.
(a) listing report;
(2) Resolutions of the shareholders' meeting applying for listing;
(3) Articles of association;
④ Business license of the company;
(five) the financial and accounting reports of the company in the last three years or since its establishment, which have been verified by a statutory verification institution;
6. Legal opinions and letters of recommendation of the securities company;
⑦ The latest prospectus.
To sum up, joint-stock companies are not necessarily listed companies. To become a listed company, you need to meet certain conditions. If it doesn't meet the requirements, it can't become a listed company.
Legal basis:
Article 78 of the Company Law of People's Republic of China (PRC)
The establishment of a joint stock limited company shall have two or more promoters, of whom more than half of the promoters shall have their domicile in China.
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.
The establishment by public offering means that the promoters subscribe for part of the shares that should be issued by the company and raise the remaining shares to the public or specific objects to establish the company.
Article 120
A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.
Article 14 1
The shares of the company held by the promoters shall not be transferred within one year from the date of establishment of the company. Shares issued before the public offering of shares by the company shall not be transferred within one year from the date of listing and trading of the company's shares on the stock exchange.