1. What are the legal risks of listed companies?
The legal risks of listed companies are:
1. Violation risk. If a listed company illegally and arbitrarily changes the use of funds raised by public offering of securities, it shall bear corresponding legal responsibilities;
2. Default risk. If a listed company violates the contract by conducting economic exchanges with other organizations, it shall bear the liability for breach of contract;
3. Risks caused by other misconduct.
Two. Listed companies have the following legal characteristics
(1) A listed company is a form of joint stock limited company.
According to the company laws of various countries, only joint stock limited companies have the right to list and trade their shares, and other companies, including limited companies, have no right to publicly issue shares and list and trade their shares. At the same time, not all the shares issued by a joint stock limited company are listed and traded, only some of them can be listed and traded. Therefore, a listed company must be a joint stock limited company, but a joint stock limited company is not necessarily a listed company. A listed company is a specific part of a company limited by shares. Public offering of shares has reached a considerable scale, and its shares have been approved to enter the centralized securities trading market according to law. When a joint stock limited company applies for listing its shares, it shall submit relevant documents to the stock exchange. A stock exchange shall decide whether to accept the listing and trading of its shares in accordance with this Law and relevant laws and administrative regulations.
(2) The listing of shares of a listed company must meet the statutory requirements and be examined and approved by the stock exchange according to law.
Because there are many public shareholders in listed companies, the law pays more attention to their transaction safety. China's "Company Law" stipulates that stock listing must comply with relevant laws, administrative regulations and trading rules of stock exchanges. The Securities Law has made specific requirements for the conditions and procedures of securities listing. The prerequisite for listing is that the shares will be publicly issued after being approved by the the State Council Securities Regulatory Authority, and then an application will be submitted to the stock exchange, which will review and agree according to law, and both parties will sign a listing agreement.
(3) The shares of listed companies are listed and traded on stock exchanges.
The establishment of a listed company needs to be handled in accordance with the prescribed procedures. As long as we abide by relevant laws and regulations, relevant legal risks can be avoided. If the handling of related matters is not clear, you can consult a lawyer to define it legally, or you can sign a legal service contract to avoid illegal risks.