For companies already registered for incorporation before this Law enters into force, if their capital contribution period exceeds the period stipulated in this Law, they shall gradually adjust to the period specified in this Law
All expenditures related to the company’s business scope can be used via capital fund, specifically includes: payment for goods, payment of wages and other labor remuneration,
Article 83 of 2023 New China Company Law stipulates that if a LLC is small or the number of shareholders is small, the LLC may not have supervisor with the consent of all shareholders.
The 2023 Company Law removes the request for shareholders to seek the consent of other shareholders for external transfers of equity, retains the preemptive rights of other shareholders, and the transfer shareholder’s notification obligation to other shareholders.
Article 47 The registered capital of a limited liability company shall be the capital contribution subscribed by all shareholders registered with the company registration authority. The capital contribution subscribed by all shareholders shall be paid in full within five years from the date of establishment of the company in accordance with the provisions of the company’s articles of association.
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