《公司法》英文版《Company Law from Commerce Clearing House》.docVIP

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《公司法》英文版《Company Law from Commerce Clearing House》.doc

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《公司法》英文版《Company Law from Commerce Clearing House》

PRC, Company Law (3rd Revision) Ref no: 2330/1993.12.29 (Adopted at the 5th Session of the Standing Committee of the 8th National Peoples Congress on 29 December 1993; first amendment made by the Amending the PRC, Company Law Decision at the 13th Session of the Standing Committee of the 9th National Peoples Congress on 25 December 1999; second amendment made by the Amending the PRC, Company Law Decision at the 11th Session of the Standing Committee of the 10th National Peoples Congress on 28 August 2004; third amendment adopted at the 18th Session of the Standing Committee of the 10th National Peoples Congress and promulgated on 27 October 2005, and effective as of 1 January 2006. ) PART ONE: GENERAL PROVISIONS Article 1: This Law is formulated in order to standardize the organization and activities of companies, protect the lawful rights and interests of companies, shareholders and creditors, safeguard the social and economic order and promote the development of the socialist market economy. Article 2: For the purposes of this Law, the term companies shall mean limited liability companies and companies limited by shares established pursuant to this Law in China. Article 3: A company is an enterprise legal person, has independent legal person properties and enjoys legal person property rights. A company shall be liable for its debts to the extent of all of its property. A shareholder of a limited liability company shall be liable to the company to the extent of the capital contribution it subscribes. A shareholder of a company limited by shares shall be liable to the company to the extent of the shares it subscribes. Article 4: The shareholders of a company shall enjoy such rights as earnings from assets, participation in major decision making and selection of management personnel according to law. Article 5: When engaging in business activities, a company must abide by laws and administrative regulations, observe social morals and business ethics, act in good fa