The Company Law of the People's Republic of China

Abstract

COMMENT THE COMPANY LAW OF THE PEOPLE'S REPUBLIC OF CHINA Sunny Huot I. Introduction II. The Economic Environment in China A . O verview B. Before the Company Law III. The Company Law A . O verview B. Limited Liability Companies 1. Setting up Limited Liability Companies ...... 2. Rights and Liabilities of Shareholders ........ 3. Anti-Corruption and Company Supervision .. 4. Synopsis C. Companies Limited by Shares 1. Establishing Companies Limited by Shares... 2. Operation of Companies Limited by Shares.. 3. Share Transfer Restrictions 4. Listed Companies 5. Synopsis IV. Effect of the Company Law A. Previous Legislation B. Meeting Foreign Concerns V . Conclusion I. INTRODUCTION On December 29, 1993, the 5th Session of the Standing Committee of the 8th National People's Congress adopted the Company Law of the People's Republic of China ( Company t J.D. UCLA School of Law, 1995.