The New Company Law has significantly shortened the contribution or payment term of subscribed capital in limited liability company (LLC). According to the Current Company Law, the term for the payment of subscribed capital in principle is freely determined and prescribed by the articles of associati...
after their introduction and distribution, resulting in liability for losses incurred by customers due to such errors and reputational harm to the NEC Group or the product or service. These could significantly and adversely affect the NEC Group’s business, results of operations and financial ...
The Current Company Law specifies that shareholders of a limited liability company possess preemptive rights when the company increases its registered capital, unless the shareholders unanimously decide otherwise. However, it does not add...
In a private limited company, the liability of each member or shareholder is limited. Therefore, even in the case of loss under any circumstances, the shareholders are liable to sell their assets for repayment. However, the personal and individual assets of the shareholders are not at risk. 4...
The Limited Liability Company (Gesellschaft mit beschränkter Haftung, GmbH) and the Limited Partnership (Kommanditgesellschaft, KG) with a GmbH as the sole general partner (GmbH & Co Kommanditgesellschaft, GmbH &Co. KG) are the most common structures today. Shareholders in the GmbH, whose ...
Senior management duties The personal liability of directors, supervisors, and executives (“senior management”) has always been a hot topic for foreign investors. Executives here refer to managers, deputy managers, chief financial officers, the company secretary of a listed company, and other...
The Company has liability insurance to protect Directors, Supervisors and senior management against certain relevant lawsuits. BAIC Motor Corporation Limited ANNUAL REPORT 2022 37 Section VI Report of the Board of Directors RETIREMENT AND EMPLOYEE BENEFIT SCHEMES COMPLIANCE OF BAIC GROUP WITH THE NON ...
32 Shandong Xinhua Pharmaceutical Company Limited Management Discussion and Analysis As at 30 June 2023, the number of the Group's employees was 6,839. The total employee salaries in the first half of 2023 amounted to RMB406,537,000. As at 30 June 2023, the Group's asset-liability ratio ...
which has a relatively low loss ratio, reinforced the management and control over the claim settlement process of business with high loss ratio such as employer liability insurance and medical liability insurance, resulting in a decrease in loss ratio of liability insurance on a year-on-year basis...
(a joint stock limited company incorporated in the People's Republic of China with limited liability) (STOCK CODE : 6030) 2012 INTERIM REPORT IMPORTANT NOTICE The board of directors (the "Board") and supervisory committee (the "Supervisory Committee") of the Company and its directors (the "...