问答题 In relation to the Company Law of China:
问答题 (a) state the basic rules regarding the shareholders of: (i) a general limited liability company; (2 marks) (ii) a sole-person limited liability company and a wholly state-owned company; and (2 marks)
【正确答案】(i) In accordance with Articles 24, 58 and 65 of the Company Law, a common limited liability company should be incorporated by no more than 50 shareholders; the shareholders may be a natural person or legal person, state-owned enterprise or private owned enterprise. (ii) A sole-person limited liability company shall be set up by only one natural person or legal person. The wholly stateowned company is a company with limited liability invested solely by the state. Therefore, any investor other than the State cannot be a legitimate shareholder of a wholly state-owned limited liability company.
【答案解析】
问答题 (b) state the requirements for capital of: (i) a general limited liability company; (2 marks) (ii) a sole-person limited liability company; and (2 marks) (iii) a company with exclusive state-ownership. (2 marks)
【正确答案】In terms of the requirements for capital: (i) A common limited liability company shall have a minimum registered capital of RMB 30,000 yuan, unless otherwise provided for by the law or administrative regulations. (ii) The minimum registered capital for a sole-person limited liability company shall be RMB 100,000 yuan. (iii) There is no specific requirement on the minimum registered capital for the wholly state-owned company under the Company Law.
【答案解析】