The qualifications and number of sponsors, if the original enterprise investors are used as sponsors, will involve the change of the original company organizational form. According to Article 44 of the Company Law, the dissolution, division or change of corporate form of a limited liability company must be approved by shareholders representing more than two thirds of the voting rights.
The Company Law stipulates that the minimum capital of a company limited by shares shall not be less than 5 million yuan, and the minimum registered capital of a company limited by shares listed and issued shall be 50 million yuan, and the company shall make profits in the first three years. According to the listing and issuance conditions of GEM, the net assets at the end of the latest period are not less than 20 million yuan, and there is no uncompensated loss. The total share capital after issuance is not less than 30 million yuan.
It has a fixed place and conditions for production and operation, and a fixed place for production and operation is a fixed place for a joint stock limited company to engage in business activities. In order to facilitate the company to carry out business with others or organizations, a joint stock limited company may set up a number of production and business premises according to the needs of business activities. In order to facilitate the management of a joint stock limited company, the administrative department for industry and commerce requires the company to register its domicile. The domicile of the company is the location of the company's management organization, but it is not necessarily the place of production and operation. For example, the company's domicile can be in the city, while the company's production factory can be in the suburbs, or even other cities or countries.
The full name of "share reform" is the share-trading reform. This is the most frequent and popular term in the current China stock market. We should accurately understand the reform of non-tradable shares.