Provisions on paid-in capital in the new Company Law

Legal analysis: the provisions of the new company law on paid-in capital refer to the capital actually received by the company's shareholders at the time of establishment registration. The paid-in capital of the company is not equal to the subscribed capital, and the paid-in capital of the company should be consistent with the registered capital. The new "Company Law" implements a subscription system for registered capital.

Legal basis: People's Republic of China (PRC) Company Law.

Article 26 The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority.

Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum registered capital of a limited liability company, those provisions shall prevail.

Article 80 Where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all sponsors registered at the company registration authority. Before the shares subscribed by the promoters have been paid in full, they may not raise them from others.

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.

Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in amount of registered capital and the minimum amount of registered capital, those provisions shall prevail.