A joint-stock company may not contribute capital with labor services. The mode of shareholder's capital contribution shall comply with the provisions of the Company Law, but shareholders shall not make capital contribution in the form of labor service, credit, natural person's name, goodwill, franchise right or property with guarantee.
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A company limited by shares refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them. To establish a joint stock limited company, there shall be no less than two promoters and no less than 200 promoters.
What are the basic duties of a company limited by shares?
1, Limited by Share Ltd is an independent Economic legal;
2. The number of shareholders of a joint stock limited company shall not be less than the quorum. For example, according to French regulations, the number of shareholders should be at least 7;
3. The shareholders of a joint stock limited company shall bear limited liability for the debts of the company, and the liability limit shall be the number of shares payable by the shareholders;
4. All the capital of a joint stock limited company is divided into equal shares, and funds are raised through public offering. Anyone can become a shareholder of the company after paying the shares, and there is no qualification restriction;
5. The shares of the company can be freely transferred, but they cannot be withdrawn;
6. The company's accounts must be made public, so that investors can know about the company and make choices;
7. The establishment and dissolution of the company have strict legal procedures and complicated procedures.