What are the requirements for establishing a joint stock limited company?

Legal Analysis: To establish a joint stock limited company, the following conditions shall be met: (1) The number of promoters shall reach a quorum: there shall be more than two but not more than 200, and more than half of the promoters have domicile in China.

(2) The share capital subscribed and raised by the promoters reaches the minimum statutory capital;

Where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all promoters registered in the company registration authority. The initial investment of all promoters of the company shall not be less than 20% of the registered capital, and the rest shall be fully paid by the promoters within two years from the date of establishment of the company; Among them, the investment company can pay in full within five years. No shares may be sold to others before the full amount of shares has been paid. Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority. The minimum registered capital of a joint stock limited company is RMB 5 million. Where laws and administrative regulations have higher provisions on the minimum registered capital of a joint stock limited company, those provisions shall prevail. (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.

Legal basis: Article 67 of the Company Law of People's Republic of China (PRC) stipulates that 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.