What is the procedure for the establishment of a joint stock limited company?

The general procedure for the establishment of a joint stock limited company is as follows: 1. The promoters apply for the pre-approval of the company name; 2. Choose to initiate the establishment or raise the establishment; 3. Initiate the establishment, formulate articles of association and pay capital contribution; 4. Elect the board of directors and the board of supervisors; 5. Apply to the Industrial and Commercial Bureau for registration of establishment. Article 83 of the Company Law stipulates that if a joint stock limited company is established by means of sponsorship, the promoters shall subscribe for the shares specified in the articles of association in full in writing and pay the capital contribution in accordance with the provisions of the articles of association. Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law. If the promoters fail to make capital contributions in accordance with the provisions of the preceding paragraph, they shall be liable for breach of contract in accordance with the promoters' agreement. After the promoters have fully subscribed the capital contribution stipulated in the articles of association, they shall elect the board of directors and the board of supervisors, and the board of directors shall submit other documents stipulated in the articles of association and laws and administrative regulations to the company registration authority to apply for establishment registration. Article 83 Where a joint stock limited company is established by means of sponsorship, the promoters shall subscribe for the shares specified in the articles of association in full in writing and pay the capital contribution specified in the articles of association. Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law. If the promoters fail to make capital contributions in accordance with the provisions of the preceding paragraph, they shall be liable for breach of contract in accordance with the promoters' agreement. After the promoters have fully subscribed the capital contribution stipulated in the articles of association, they shall elect the board of directors and the board of supervisors, and the board of directors shall submit other documents stipulated in the articles of association and laws and administrative regulations to the company registration authority to apply for establishment registration.