Legal analysis: The full text of the Company Law has been revised four times, 1, which was revised for the first time according to the Decision on Amending the Company Law of People's Republic of China (PRC) at the 13th meeting of the Ninth NPC Standing Committee on February 25th; 2. The second amendment was made according to the Decision on Amending the Company Law of People's Republic of China (PRC) at the 11th meeting of the Standing Committee of the Tenth NPC on August 28th, 2004; 3.20051revised at the 18th meeting of the Standing Committee of the 10th NPC on October 27th; 4. According to the Decision on Amending the Marine Environmental Protection Law of the People's Republic of China and other seven laws of the Sixth Session of the Standing Committee of the 12th NPC on February 28th, 2003, the third amendment was made; 5. According to the Decision of the 13th NPC Standing Committee on Amending the Company Law of People's Republic of China (PRC) on October 26th, 2006/KLOC-0, the fourth amendment was made.
Legal basis: Company Law of People's Republic of China (PRC) Article 1 This Law is formulated for the purpose of regulating the organization and behavior of companies, protecting the legitimate rights and interests of companies, shareholders and creditors, maintaining social and economic order and promoting the development of socialist market economy.