What are the provisions of the board of supervisors of wholly state-owned companies?

According to the first paragraph of Article 71 of the Company Law, the members of the board of supervisors of a wholly state-owned company shall not be less than five, of which the proportion of employee representatives shall not be less than one third, and the specific proportion shall be stipulated in the company's articles of association. This provision is conducive to enriching the supervisory power and giving full play to the role of workers as masters. As for the specific proportion of employee representatives, the law does not clearly stipulate that it can be stipulated by the company's articles of association according to factors such as the size of the company and the number of employees.

According to the second paragraph of Article 71 of the Company Law, the members of the Board of Supervisors are appointed by the state-owned assets supervision and administration institution; However, the employee representatives in the board of supervisors are elected by the employee congress of the company. The chairman of the board of supervisors shall be appointed by the state-owned assets supervision and administration institution from among the members of the board of supervisors. Specifically, the board of supervisors consists of a chairman and several supervisors.

Steps to establish a wholly state-owned company

Step 1: After consultation, obtain and fill in the Application for Pre-approval (Change) of Name, and prepare relevant materials;

Step 2: Submit the name pre-approval (change) application and related materials, and wait for the name approval result;

Step 3: Get the Notice of Pre-approval of Enterprise Name and the Application for Registration of Enterprise Establishment and other related forms; If the business scope involves pre-licensing, it shall be reported to the relevant state departments for approval; Where capital contribution is made in currency, a special account for capital contribution shall be opened in the capital contribution bank confirmed by the Industrial and Commercial Bureau; Go through the formalities of capital contribution and capital verification; In the case of non-monetary capital contribution, it shall also go through the formalities of asset appraisal and property transfer;

Step 4: Submit the application materials. The materials are complete and conform to the statutory form, waiting for the notice of approval of establishment registration;

Step 5: After receiving the Notice of Approval of Establishment Registration, pay the fee at the Industrial and Commercial Bureau according to the date specified in the Notice of Approval of Establishment Registration and obtain the business license.

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