The aforementioned dissolution of a company generally refers to the expiration of the business term stipulated in the articles of association and the revocation of its business license according to law.
During the existence of a company, it is the legal existence of a joint stock limited company, which enjoys the civil rights of a legal person and undertakes the civil obligations of a legal person according to law. Once the duration of the company expires, it must be dissolved, and after the liquidation, the legal person status of the company will automatically disappear. The laws of different countries have different provisions on the duration of a company. Except for France and Belgium, the duration of a company is clearly stipulated. The company laws of major capitalist countries such as Britain and the United States have no restrictions on the duration of a company. The duration of a company can be stipulated in the company's articles of association, but it is not necessary. If it is not stipulated in the articles of association, the duration of the company is unlimited.
legal ground
Company Law of the People's Republic of China
Article 180 The company is dissolved for the following reasons:
(1) The business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association occur;
(2) The shareholders' meeting or shareholders' meeting decides to dissolve;
(3) The company needs to be dissolved due to merger or division;
(4) The business license is revoked, ordered to close or revoked according to law;
(5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law. Article 18 The employees of the Company shall organize trade unions and carry out trade union activities in accordance with the Trade Union Law of People's Republic of China (PRC) to safeguard the legitimate rights and interests of employees. The company shall provide necessary conditions for the activities of the trade union. On behalf of employees, the trade union of the company signs collective contracts with the company on matters such as labor remuneration, working hours, welfare, insurance and labor safety and health.
According to the provisions of the Constitution and relevant laws, the company implements democratic management through workers' congresses or other forms.
When studying and deciding on major issues in restructuring and operation, and formulating important rules and regulations, the company shall listen to the opinions of the company's trade unions, and listen to the opinions and suggestions of employees through the workers' congress or other forms.