1. Subscription system means that when a company is registered, shareholders independently agree on the amount and mode of subscribed capital contribution in the company's articles of association, and the registered capital is not required to be paid at the beginning of establishment. The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered in the company registration authority.
2. Legal basis: Article 26 of People's Republic of China (PRC) Company Law.
The registered capital of a registered capital limited liability company is the capital contribution subscribed by all shareholders registered in 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 28
Obligatory shareholders shall pay their respective subscribed capital contributions in full and on time as stipulated in the Articles of Association. Where the shareholders make capital contributions in cash, they shall deposit their capital contributions in full into the account opened by the limited liability company in the bank; Where non-monetary property is used as capital contribution, the formalities for the transfer of property rights shall be handled according to law.
Where a shareholder fails to pay the capital contribution in accordance with the provisions of the preceding paragraph, he shall be liable for breach of contract to the shareholder who has paid the capital contribution in full and on time.
Second, how to subscribe for the registered capital of the company
1. Shareholders can agree on the investment period according to the actual situation of the company;
2. Shareholders can agree that the current registered capital system is subscription system, that is to say, the Industrial and Commercial Bureau does not need a capital verification report when handling the business license, and the size and subscription period of registered capital are agreed by shareholders themselves, as long as it is stated in the company's articles of association.