The length of the subscription period affects the fund raising and development of the company, so it should be formulated reasonably to ensure the funds in place and stable operation. According to the relevant laws and regulations, the legal maximum period of the subscription period depends on the specific circumstances and legal requirements. Under normal circumstances, the subscription period usually does not exceed three months. But for specific industries or special circumstances, the subscription period may be different. For example, some industries may need a longer subscription period to meet specific financing needs. Therefore, the specific maximum term of the subscription period should be determined according to the relevant laws and regulations and the specific situation. Before the specific operation, it is recommended to consult a professional legal adviser to obtain accurate and detailed information.
However, the articles of association may stipulate the subscription period according to the actual situation. According to the articles of association, the subscription period can be longer, but it cannot exceed 2 years. When the company is established, the shareholders shall subscribe for all the capital contributions within 30 days from the date of establishment of the company. If a shareholder fails to subscribe within the prescribed time limit, other shareholders have the right to require him to fulfill his subscription obligations within a certain time limit, and may also require him to pay a late fee.
To sum up, the length of the subscription period will have an impact on the fund raising and development of the company. If the subscription period is too long, the funds may not be available in time, which will affect the normal operation and development plan of the company. Therefore, when establishing a company or increasing capital, the subscription period should be set reasonably to ensure the timely arrival of funds and the stable operation of the company.
Legal basis:
Company Law of the People's Republic of China
Article 28
Shareholders shall pay their respective subscribed capital contributions in full and on time in accordance with the Articles of Association. Where the 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.