What are the conditions for a company to sue shareholders?

Under the following circumstances, shareholders may bring a lawsuit in the company law:

1, prerequisite. Directors and senior management personnel violate laws, administrative regulations or the provisions of the company's articles of association and harm the interests of shareholders;

2. Subject conditions. Shareholders of a limited liability company and shareholders of a joint stock limited company who individually or collectively hold more than 0/%of the shares of the company/KLOC-for more than 180 consecutive days have the right to directly file a lawsuit against the above acts;

3. Other conditions.

legal ground

Article 151 of the Company Law of People's Republic of China (PRC)

Where the directors or senior managers are under the circumstances specified in Article 149 of this Law, shareholders of a limited liability company or shareholders of a joint stock limited company who individually or collectively hold more than 1% of the shares of the company for more than 180 consecutive days may request in writing the board of supervisors or supervisors of a limited liability company without a board of supervisors to bring a lawsuit to the people's court. Where the supervisor is under the circumstances specified in Article 149 of this Law, the above shareholders may request the board of directors or the executive director of a limited liability company without a board of directors in writing to bring a lawsuit to the people's court.

If others infringe upon the legitimate rights and interests of the company and cause losses to the company, the shareholders specified in the first paragraph of this article may bring a lawsuit to the people's court in accordance with the provisions of the preceding two paragraphs.