Xinxing Casting Pipe Co., Ltd. is the core enterprise of Xinxing Jihua Group (a central enterprise), a fortune 500 enterprise in the world. Xinxing Casting Pipe Co., Ltd. was established exclusively by Xinxing Jihua Group Co., Ltd. (formerly Xinxing Casting Pipe Group Co., Ltd.) and listed as 1997.
The difference between a joint stock limited company and a limited liability company.
1 The number of shareholders is different.
The company laws of most countries in the world stipulate that a limited liability company has at least two shareholders and at most 5O shareholders (there are also provisions for 3O shareholders). There is no need to set up a shareholders' meeting because there are few shareholders. However, there is no limit to the number of shareholders of a joint stock limited company, and some large companies have hundreds of thousands or even millions of people. Different from a limited liability company, it is necessary to set up a general meeting of shareholders, which is the highest authority of the company.
2. Share capital is divided in different ways.
The shares of a limited liability company may not be divided into equal shares, and its capital shall be divided according to the capital contribution subscribed by shareholders. The shares of a joint stock limited company must be equal, its share capital is divided into smaller shares, and the amount of each share is equal.
3. Sponsors raise funds in different ways.
Limited liability companies can only raise funds from sponsors, but not from the public, and their shares cannot be publicly issued, let alone listed and traded, while joint stock limited companies can raise funds from the society through sponsorship or fund-raising, and their shares can be publicly issued and traded.
4. The conditions of equity transfer are different.
Shareholders of a limited liability company may freely transfer all or part of their share capital according to law; When a shareholder transfers its share capital to a person other than the company according to law, it can only be implemented with the consent of more than half of the shareholders; Other shareholders of the company have the preemptive right under the condition of equal transfer of share capital. Shares held by shareholders of a joint stock limited company can be traded and transferred, but they cannot be withdrawn.
5. The degree of financial disclosure is different.
The financial status of a limited liability company only needs to be handed over to shareholders within the time limit stipulated in the company's articles of association, and there is no need to announce and consult, and the financial status is relatively confidential; Limited by Share Ltd is difficult to operate and keep secret because of its complicated establishment and the need to publish its financial status regularly.