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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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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 9

After reaching an agreement on establishing a company, the promoters can entrust one of them to proceed with the following application procedures:

(1) Submit a written application, a feasibility study report and assets evaluation report for the company to competent authorities of the provinces, autonomous regions, municipalities directly under the Central Government or cities enjoying provincial status in planning ( referred to hereinafter as competent departments).

For the establishment of a company through public offer, prospectus shall also be submitted.

(2) After being examined and approved by the competent departments, the application documents shall then be transferred to departments in charge of foreign trade and economic cooperation of the provinces, autonomous regions and municipalities directly under the Central Government or cities enjoying provincial status in planning, after whose ratification the promoters can start to sign formal agreements and articles of association of the company.

(3) The agreements and articles of association of the company, after being approved by the departments in charge of foreign trade and economic cooperation of the provinces, autonomous regions, municipalities directly under the Central Government or cities enjoying provincial status in planning, shall be sent to the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) for ratification. MOFTEC shall decide within 45 days on approval or rejection.


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