商法-英文版-课件company-law-

CompanyLaw1§4IssuanceandTransferofSharesofaJointStockLimitedCompany4.1IssuanceofShares2§4IssuanceandTransferofSharesofaJointStockLimitedCompany4.1.2Stock;Share①DefinitionShare:Certificaterepresentingoneunitofownershipina

corporation,

mutualfund,orlimitedpartnership.

Stock:Theformofshareinacorporation②CategoriescommonsharesPreferredsharesdividendspreferenceliquidationpreference3Example“$10preferred”isentitledtoreceive$10pershareeachyearbeforeanydividendsonthecommonstockarepaid,and“15percentpreferred“meansthat15percentofthepreferredstock’sparvalueorstatedvaluemustbepaidfirst.4Registeredform:PromotersorlegalpersonsBearerform:commoninvestors4.1.3TheprinciplesOpen.Fairness.ImpartialityThesameclass:samerights.Sameprice.Sameconditions(thesametime)54.1.4CategoriesofissuanceIssuanceoforiginalshareIssuanceofnewshare:Beadoptedbytheshareholdersgeneralassembly:1.Theclassandnumberofnewsharestobeissued;2.Theissuepriceofthenewshares;3.Theofferperiodforthenewshares;and4.Theclassandamountofnewsharestobeissuedtotheexistingshareholders.(Pre-emptiverighttopurchase)6§4IssuanceandTransferofSharesofaJointStockLimitedCompany4.2TransferofShares4.2.1Thetransferofaregisteredshareandthetransferofanunregisteredshare4.2.2Limitationsontransfer●Place:Stockexchangeorbyothermeans●Initiators:oneyear(Article142)●Thedirectors,supervisorsandseniormanagers(Article142)

●Nocompanymayacceptanysubjectmattertakingthesharesofthiscompanyasapledge7§4IssuanceandTransferofSharesofaJointStockLimitedCompany

4.2.3Purchaseitsownshares(Nocompanyshallpurchaseitsownshares)(1)toreducetheregisteredcapitalofthecompany;

(2)tomergewithanothercompanyholdingsharesofthiscompany;

(3)toawardtheemployeesofthiscompanywithshares;or

(4)Itisrequestedbyanyshareholdertopurchasehissharesbecausethisshareholderraisesobjectionstothecompany'sresolutiononmergerordivisionmadeatasessionoftheshareholders'assembly.8ExerciseComparetransferofSharesofalimitedliabilitycompanywithajointstocklimitedcompany:9§5Qualifications5.1Qualificationsofdirector,supervisororseniormanager:Anypersonwhodoesnothavecivilcapacityorwhohasonlylimitedcivilcapacity;2.Anypersonwhohasbeenconvictedofanycriminaloffenceinthenatureofcorruption,bribery,conversion,misappropriationordisruptingtheeconomicorderofthesocialistmarketand5yearshavenotelapsedsinceanypenaltyimposedhasbeencompleted,oranypersonwhohaseverbeendeprivedofhispoliticalrightsduetoanycrimeand3yearshavenotelapsedsincethepenaltyimposedwascompleted;

103.Anyformerdirector,factorydirectorormanagerofacompanyorenterprisewhichhasbeendeclaredbankruptandliquidatedincircumstanceswherehewaspersonallyresponsibleforthebankruptcyofthecompanyorenterprise,andthreeyearshavenotelapsedsincethebankruptcyandliquidationofthecompanyorenterprisewascompleted;4.Anyformerlegalrepresentativeofacompanyorenterprisewhichhashaditsbusinesslicenserevokedandhasbeenorderedtocloseitsbusinessoperationsduetoanyviolationoflawincircumstanceswheretheformerlegalrepresentativewaspersonallyliablefortherevocationofthebusinesslicenseandthreeyearshavenotelapsedsincethedateofrevocation;or5.Anypersonwhohassignificantunpaiddebts.

115.2Specialqualificationsofsupervisor:Nodirectororseniormanagerofthecompanymayconcurrentlyserveasasupervisor.12§6Dissolutions,mergersandconsolidations,divisions6.1DissolutionsAcompanymaybedissolvedunderanyofthefollowingcircumstances:VoluntaryinvoluntaryThedurationofbusinessoperation;Theshareholders'meetingortheshareholders'assemblydecidestodissolveitItisnecessarytobedissolvedduetomergerordivisionofthecompany;Itsbusinesslicenseisrevokedoritisorderedtoclosedownortobecanceledaccordingtolaw;orThepeople'scourtdecidestodissolveitaccordingtoArticle183ofthisLaw.13§6Dissolutions,mergersandconsolidations,divisions6.2Liquidations

6.2.1Liquidationteam6.2.2Thefunctionsandpowersofliquidationteam6.2.3Declaringthedebts6.2.4TheSequenceofpayingoffthedebts:Theliquidationexpenses;

Employeewages,socialinsurancepremiumsandlegalindemnitypremiums;

Taxesdebts

Anyremainingassetsbedistributedtoshareholders

14Liquidatethecompany'sassetsandproduceabalancesheetandscheduleofassets;Notifythecompany'screditorsbywayofnoticeorpublicannouncement;Manageandwinddowntheremainingbusinessofthecompany;Payoutstandingtaxesandanytaxliabilityincurredinthecourseoftheliquidation;Paythecompany'saccountspayableandrecoveritsaccountsreceivable;Disposeofthecompany'sresidualassets;andRepresentthecompanyinanycivillitigationtowhichitisaparty.15§6Dissolutions,mergersandconsolidations,divisions6.2Mergersandconsolidations

Effects:thecreditsanddebtsofthecompaniesinvolvedshallbesucceededbythecompanythatsurvivesthemergerorbythenewlyestablishedcompany.6.3DivisionsEffects:thepost-divisioncompaniesshallbearjointliabilitiesforthedebtsoftheformercompanybeforeitisdivided6.4Modificationsregistration

16I.Tellwhethereachofthefollowingstatementsistrueorfalse.1.Acompanyshouldhavemayowners.2.Shareholdersdonothavepersonalliabilityforthedebtsofthecorporation.3.Thearticlesoftheassociationsmustbeapprovedbyshareholders