Article 24 of the Company Law stipulates the number of shareholders of a limited company, as follows: A limited liability company is established by capital contribution of less than 50 shareholders. According to Article 28 of the Company Law, 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.
Legal objectivity:
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 provisions of 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. Article 24 of the Company Law of People's Republic of China (PRC) A limited liability company is established by capital contribution of shareholders with less than 50 persons.