the investor shall be liable for the debts of the enterprise within the limit of the capital contribution, and the joint-stock cooperative enterprise shall be liable for the debts of the enterprise with all its assets, and shall operate independently according to law and be responsible for its own profits and losses with all its corporate property. Article 5 The articles of association of a joint-stock cooperative enterprise must be formulated in accordance with these Measures. Article 6 If a joint-stock cooperative enterprise meets the minimum registered capital of a limited liability company in the Company Law of the People's Republic of China, the words "joint-stock cooperative company" may be marked in its name.
after an enterprise changes its name due to restructuring and goes through the registration of change, it shall file a record with the administrative department of township enterprises in districts and counties according to law. Seventh joint-stock cooperative enterprises are an important part of township enterprises and enjoy the state's support policies for township enterprises. Chapter ii establishment article 8 the establishment of a joint-stock cooperative enterprise shall meet the following conditions:
(1) the number of shareholders of employees shall not be less than 5;
(2) registered capital with a prescribed limit;
(3) There are articles of association of the enterprise jointly formulated by the shareholders;
(4) having the name and standardized organization of the enterprise;
(5) Having a fixed production and business operation place and necessary production and business operation conditions;
(6) leading products produced or operated. Article 9 Joint-stock cooperative enterprises may be established by rural collective economic organizations and natural persons in villages (towns), or by joint investment of the above organizations, natural persons and legal persons other than rural collective economic organizations. Article 1 The establishment of joint-stock cooperative enterprises can be divided into two types: new construction and reconstruction. New construction refers to the establishment of joint-stock cooperative enterprises by more than 5 promoters in accordance with these measures; Reconstruction refers to the transformation of the original enterprise into a joint-stock cooperative enterprise according to the present measures after assets verification, clear property rights and assets evaluation and confirmation in accordance with the relevant provisions of the state and this Municipality. Article 11 The articles of association of a joint-stock cooperative enterprise shall specify the following items:
(1) The name and domicile of the enterprise;
(2) type of enterprise;
(3) business scope;
(4) registered capital;
(5) the mode and limit of contribution of shareholders;
(6) the names of shareholders;
(7) Rights and obligations of shareholders and non-shareholders on-the-job employees;
(8) conditions and procedures for the acquisition and transfer of equity;
(9) the organizational structure of the enterprise and its methods, functions and powers, and rules of procedure;
(1) the procedure for the formation, term of office and authority of the legal representative of the enterprise;
(11) financial management system and profit distribution method;
(12) auditing system for enterprises and operators;
(13) Reasons for dissolution of the enterprise and liquidation methods;
(14) procedures for amending the articles of association;
(15) other matters that shareholders think need to be stipulated. Article 12 Shareholders may make capital contributions in cash or in kind, industrial property rights, non-patented technology and land use rights. The physical objects, industrial property rights, non-patented technologies or land use rights as capital contributions must be appraised and valued, and the property must be verified, and the valuation shall not be overestimated or underestimated. The evaluation and pricing of land use rights shall be handled in accordance with the relevant provisions of laws and administrative regulations. The amount of investment with industrial property rights and non-patented technology at a fixed price shall not exceed 2% of the registered capital of the enterprise, unless the state has special provisions on the adoption of high-tech achievements. Article 13 A reformed joint-stock cooperative enterprise must be approved by the owner of the assets, passed by the workers' (representatives') meeting, applied by the enterprise to the competent department at the next higher level, and registered with the enterprise registration authority after being examined and approved by the designated department of the county people's government. Article 14 To register the establishment of a joint-stock cooperative enterprise, the following documents shall be submitted to the enterprise registration authority:
(1) an application report;
(2) approval documents for the establishment of the restructuring;
(3) Articles of association;
(4) capital verification report;
(5) the name and domicile of the shareholder;
(6) the post-holding certificate and identity certificate of the legal representative;
(7) notarial certificate (the resolution passed by the workers' congress or the workers' congress to transform the enterprise into a joint-stock cooperative system or the agreement signed by all shareholders and the articles of association of the enterprise adopted by the shareholders' meeting);
(8) other documents stipulated by laws, regulations and rules.