Impact of the New Company Law's Limited Contribution System on Limited Liability Companies

Journal of Politics and Law Pub Date : 2024-07-08 DOI:10.5539/jpl.v17n3p56

Zhuang Liu

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Abstract

Summarizing the ten years of experience and lessons learned from the operation of the contributed capital system, after three years of deliberation and five years of overhaul, a new change in the Company Law was ushered in. The Company Law of the People's Republic of China (2023 Revision) was voted and passed on December 29, 2023, and came into effect on July 1, 2024. The new Company Law continues to implement the Contributed Capital System, replacing the Fully Contributed System with a Limited Contribution System. It consolidates the positive results of the operation of the Contributed Capital System and amends the deficiencies in the actual operation, better implements the autonomy-based Contributed Capital System, and provides a new path for the development of the Contributed Capital System in the future. In this paper, we will start from the impact of the limited liability company (LLC) under the limited contribution system, and discuss the reasonable interpretation path of the shareholders' interest in the limited contribution system, the company's capital formation system, and the shareholders' responsibility in the light of the revision of the new Company Law.

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新《公司法》的有限出资制度对有限责任公司的影响

总结十年来认缴资本制运行的经验和教训，经过三年酝酿、五年大修，《公司法》迎来了新的变革。中华人民共和国公司法（2023 年修订）》于 2023 年 12 月 29 日表决通过，自 2024 年 7 月 1 日起施行。新《公司法》继续实行认缴资本制，将全额认缴制改为有限认缴制。它巩固了认缴资本制运行的积极成果，修正了实际运行中的不足，更好地落实了以自治为基础的认缴资本制，为认缴资本制未来的发展提供了新的路径。本文将从有限责任公司在有限认缴制下的影响入手，结合新《公司法》的修订，探讨有限认缴制下股东权益、公司资本形成制度、股东责任的合理解释路径。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Journal of Politics and Law

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