According to Article 28 of the Company Law of People's Republic of China (PRC), shareholders shall pay their subscribed capital contributions in full and on time in accordance with 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. Whether the investment funds received from non-shareholders of the company are investment funds shall be decided by the board of directors.
"Company Law" can be divided into broad sense and narrow sense. The company law in a broad sense, that is, the company law in essence, refers to the general name of legal norms that adjust the legal relationship of companies. The narrow sense of the company law, that is, the formal sense of the company law only refers to the code named after the "company law." China's Company Law was promulgated in 1993, revised in 1999, 2004 and 2005, among which the revision in 2005 was the most ups and downs.