Provisions of the State Council on Implementing the Registration Management System for Registered Capital under the Company Law of the People's Republic of China

Provisions of the State Council on Implementing the Registration Management System for Registered Capital under the Company Law of the People's Republic of China

Order of the State Council of the People's Republic of China
(No. 784)

The Provisions of the State Council on Implementing the Registration Management System for Registered Capital under the Company Law of the People's Republic of China, as adopted at the 34th executive meeting of the State Council on June 7, 2024, are hereby issued, and shall come into force on the date of issuance.

Premier: Li Qiang
July 1, 2024

Provisions of the State Council on Implementing the Registered Capital Registration Management System of the Company Law of the People's Republic of China

Article 1 These Provisions are developed for the purposes of strengthening the registration management of registered capital, regulating shareholders to fulfill the obligations of making obligation, maintaining the safety of market transactions, and optimizing the business environment, in accordance the Company Law of the People's Republic of China (hereinafter referred to as the “Company Law”).
Article 2 For a company registered before June 30, 2024, where the remaining subscription period of a limited liability company exceeds five years from July 1, 2027, its remaining subscription period shall be adjusted to five years before June 30, 2027 and recorded in the bylaws, and shareholders shall pay the amount of capital contribution in full within the adjusted time limit for subscription; and initiators of a company limited by shares shall pay the full amount of the shares they subscribed for before June 30, 2027.
Where the production and operation of a company involves the interests of the state or major public interests, and the competent department of the State Council or the people's government at the provincial level shall put forward opinions, the market regulatory department of the State Council may agree to make capital contribution within the or......