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Provisional Regulations on the Establishment of Foreign-Funded Joint Stock Companies Limited
(Promulgated by Decree No.1 of the Ministry of Foreign Trade and Economic Cooperation on January 10, 1995)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Article 22

Article 23

Article 24

Article 25

Article 26

Article 27

Article 28

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Manifest

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China - Provisional Regulations on the Establishment of Foreign-Funded Joint Stock Companies Limited, 1995

MOFTEC

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Provisional Regulations on the Establishment of Foreign-Funded Joint Stock Companies Limited
(Promulgated by Decree No.1 of the Ministry of Foreign Trade and Economic Cooperation on January 10, 1995)

Article 14

For companies set up through promotion, the promoters, after paying the total value of the subscription of the shares as stipulated in Article 11, shall establish a board of directors and a board of supervisors. The board of directors shall present establishment approval document, the articles of association and certificate of the assets of the company to competent departments for the registration of the company's establishment.

For companies set up through public offer, the promoters, after paying the total value of the subscription of the shares, shall acquire certificates testifying the company's assets from legal institutions responsible for testifying assets and liabilities. Within 30 days of the certificate's issuance, the promoters shall convene an establishment meeting and establish a board of directors and a board of supervisors. The board of directors, within 30 days of its establishment, shall submit establishment approval documents, articles of association and certificates on the company's assets and minutes of the establishment meeting to responsible departments for the registration of the company's establishment.

The departments responsible for the registration of companies shall, within 30 days upon receipt of all the required documents, complete the registration formalities and issue a business license.


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