What is the company's capital verification process?

Legal analysis: The capital verification process of a registered company is:

1. Sign an agreement with the bank to collect shares, and the bank will collect shares according to the agreement and keep them;

2. Entrust a legally established capital verification institution to verify capital and submit receipts;

3. The certificate issued by the capital verification institution. The capital verification report is an explanatory document of the paid-in registered capital of a registered company, and it is also a powerful explanation to prove the strength of shareholders. Although the subscription system is currently implemented, many enterprises still need to pay in full because it is required by industry categories, such as pawn shops, fund companies and investment companies.

The capital verification report takes a relatively short time, usually it can be issued within 3 to 7 days (mainly it takes 3 working days to reopen an ordinary account in the bank). Generally speaking, the capital verification report is to put the registered capital into the company account, and then let the bank issue a capital verification certificate, and then transfer the money over a period of time.

Legal basis: Article 89 of the Company Law of People's Republic of China (PRC) * * * After the shares issued are paid in full, they must be verified by a legally established capital verification institution and issued with a certificate. The promoters shall preside over the founding meeting of the company within 30 days from the date of full payment of the shares. The founding meeting consists of sponsors and subscribers. If the issued shares have not been fully raised within the time limit stipulated in the prospectus, or if the promoters fail to convene the founding meeting within 30 days after the full payment of the shares, the subscribers may require the promoters to return the shares according to the paid shares plus the bank deposit interest for the same period.