The minimum registered capital of a limited liability company is RMB 30,000. Where laws and administrative regulations have higher provisions on the minimum registered capital of a limited liability company, those provisions shall prevail.
Article 27 Shareholders may make capital contributions in cash or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in money and can be transferred according to law. However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations.
Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Where there are provisions in laws and administrative regulations on evaluation and pricing, those provisions shall prevail.
The monetary contribution of all shareholders shall not be less than 30% of the registered capital of a limited liability company.
Main auxiliary contents of company law II
As an economic organization with legal personality, the company operates independently according to law and is responsible for its own profits and losses. In order to carry out business activities, a company must have certain funds as the basis of business activities.
The company's funds are mainly obtained through the following channels:
1. Contribution by shareholders. China's "Company Law" stipulates that shareholders can make capital contributions in cash or in kind, industrial property rights, non-patented technology and land use rights. Physical objects, industrial property rights, non-patented technologies or land use rights as capital contributions shall be reasonably priced. The amount of capital contribution with industrial property rights and non-patented technology at a fixed price shall not exceed 20% of the registered capital of the company. Where high-tech achievements are used as capital contribution, the amount of capital contribution at a fixed price may exceed 20%, but shall not exceed 35%. The pricing of land use rights shall be handled in accordance with the provisions of laws and administrative regulations. Where the shareholders of a limited liability company make capital contributions in cash, they shall deposit the money in full into the temporary account established by the company. Shareholders of a joint stock limited company shall pay the subscribed shares in full. If the investment is made in kind, industrial property rights, non-patented technology or land use rights or as shares, the property rights transfer procedures shall be handled according to law. Once the company's shareholders put their property into the company, they lose the ownership of the property, become the company's shareholders and obtain the equity. And the company enjoys independent legal person property rights for the property formed by shareholders' investment. For this part of the source of funds, the company does not need to return it, but when the company is profitable, it needs to pay dividends or dividends to shareholders.
2. After the establishment of the company, the value-added property engaged in business activities includes the company's provident fund, public welfare fund and other undistributed profits, as well as intangible assets such as industrial property rights, non-patented technology and business reputation created by the company.
3. The property acquired by the company at the expense of taking on debts, that is, the funds obtained by the company through issuing bonds or lending to banks. According to China's "Company Law", the issuer can only be a joint stock limited company, a wholly state-owned company or a limited company established by two or more other state-owned investors, and obtain production and operation funds through issuing bonds. But this part of the company's funding sources generally need to be repaid. Company Law Research Center of East China University of Political Science and Law Fu Yuan