Article 1 These Provisions are formulated in accordance with the Company Law of People's Republic of China (PRC) (hereinafter referred to as the "Company Law"), the Regulations of the People's Republic of China on the Administration of Company Registration (hereinafter referred to as the "Regulations on the Administration of Company Registration") and other relevant provisions in order to strengthen the registration management of the registered capital of companies and standardize the company registration behavior.
Article 2 The registered capital of a company is the capital contribution paid or subscribed by all shareholders or promoters registered by the company registration authority according to law.
Article 3 The company registration authority shall register the registered capital of the company in accordance with laws, administrative regulations and relevant provisions of the state, and register those that meet the requirements; Those who do not meet the requirements will not be registered.
Article 4 The amount of registered capital of a company and the mode of contribution by shareholders or promoters shall comply with the relevant provisions of laws and administrative regulations.
Article 5 A company's registration of establishment or change of registered capital must be verified by a statutory capital verification institution, and a capital verification certificate must be issued.
Article 6 The capital contribution that must be appraised according to the Company Law shall be appraised and appraised by an asset appraisal institution with appraisal qualification and verified by a capital verification institution.
Article 7 Shareholders or promoters of a company must contribute capital in their own names. Where the investment is made in kind, industrial property rights or non-patented technology, the shareholders or promoters have ownership; Where the capital contribution is made by land use right, the shareholders or promoters have the land use right.
Article 8 After the registration of the company's establishment, if the shareholders or promoters make contributions in cash, they shall deposit the money in full into the temporary account opened by the company in the bank.
Article 9 Where a company is registered and established, and its capital contribution is in kind, industrial property right, non-patented technology and land use right, the articles of association shall provide for the transfer of the above-mentioned capital contribution, and shall go through the transfer formalities in accordance with relevant regulations within six months after the company is established and report it to the company registration authority for the record.
Article 10 Where industrial property rights and non-patented technologies are used as registered capital, their proportion in the registered capital shall comply with the relevant provisions of the state. Industrial property rights and non-patented technologies that belong to high-tech achievements stipulated by the state, and whose pricing amount exceeds 20% of the registered capital of the company, shall be recognized by the competent department of science and technology at or above the provincial level.