问答题
(a) explain the term registration of incorporation; (2 marks)
【正确答案】In accordance with Article 6 of the Company Law, registration of incorporation refers to an action where promoters apply, for the purpose of setting up a company, to the company registration authority and the latter registers the incorporation to issue the business licence if the incorporation of the company is in conformity with the conditions provided by the law.
【答案解析】
问答题
(b) explain the term registration of change; (2 marks)
【正确答案】In accordance with Article 7 of the Company Law, registration of change means that when an established company applies to change any items as stated on the business licence, it must apply to the company registration authority for the registration of the change, and the latter reissues the business licence.
【答案解析】
问答题
(c) state the various circumstances where a registration of change is required by the law. (6 marks)
【正确答案】In accordance with Article 7, Article 9, Article 33 and Article 180 of the Company Law, an established company shall, in the change of any items as stated on the business licence taking place, apply to the company registration authority for a registration of change:
(i) If the name, business coverage of the company, address of the company or the name of the representative has changed;
(ii) If a limited liability company is to be converted into a joint stock limited company, or a joint stock limited company is to be converted into a limited liability company;
(iii) If the names or titles the shareholders or the amounts of equity of the shareholders have changed;
(iv) If the company increases or reduces its registered capital.