On December 29, 2023, the Standing Committee of the National People's Congress (NPCSC) approved the amendments to the PRC Company Law (New Company Law), which will come into effect on July 1, 2024, with a universal ...
First, the draft amendments to the Company Law codify the leadership of the Chinese Communist Party (CCP) over SOEs, and states that the CCP can “research and discuss major business management matters of the company, and supports the organization of the company in exercising its powers in acco...
February 6, 2025Atul MittalCompany Law (MCA) News and Articles 17 Minutes Read Here we have informed and notified readers with all the latest updates in the company law of MCA. Find notifications, amendments, updates, relevant sections, etc with complete accuracy. Be updated and incorporate all...
Following the recent amendments to the PRC Company Law, SHIHUI PARTNERS is releasing a series of articles providing our insights into the implications and practical application of the updated Company Law, continuing with our lates...
It also replaces all the previous laws, which differentiated between companies with100% owned LLC company or subsidiary(ex-WFOE) and those with mixed capital (sino-foreign joint venture). As a quick guide, the key amendments currently include: ...
This article reports that substantial amendments to China's Company Law are believed to have been proposed and may be on the agenda of the Standing Committee of the National People's Congress this year. In line with worldwide trends, it is proposed that a limited liability company may be ...
The Chinese government has finalized major amendments to its Company Law, with revisions coming into force on July 1, 2024. Foreign companies already doing business in China, as well as those considering entering the Chinese market would be wise to examine the new developments closely, and the ...
a18.2 Amendments to these Articles of Association shall require the unanimous approval of the Board of Directors of the Company and the approval of the Examination and Approval Authority, if required by law. 18.2 对这些联盟条例的校正将由法律要求理事的一致同意公司的和考试和认同当局的认同,如果必须。
these provisions, the amendments seek to enhance the integrity of capital contributions, promote responsible shareholder behavior, contribute to a more robust business environment and enhance domestic and foreign investment, said Liu Junhai, director of the Renmin University of China's Business Law ...
To clarify the status of directors in Romanian companies, the amendments to the Company Law expressly require directors to work under a transparent management agreement, containing specific information related to fees, termination and the executive and representative functions of the directors. Under the...