The Discussion on Capital Systems of Chinese Company with IJnuted Liability
LJ Gong-tian
Abstract
LJ Gong-tian
Abstract
In our countty, because of the different purposes of legislation, there are two different capital systems in practice:company with limited liability with Chinese and foreign investment and company with limited liability with Chinese investment. Only distinguishing the differences between the two capital systems can we give play to the favourable conditions and avoid unfavurable ones. In practice, we should combine their advantages and harmonize them legally to give the legal guarantee for Chinese modern enterprise system in the new situation.
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In our countty, because of the different purposes of legislation, there are two different capital systems in practice:company with limited liability with Chinese and foreign investment and company with limited liability with Chinese investment. Only distinguishing the differences between the two capital systems can we give play to the favourable conditions and avoid unfavurable ones. In practice, we should combine their advantages and harmonize them legally to give the legal guarantee for Chinese modern enterprise system in the new situation.
Key concepts: Limited liability, Legislation, Liability, Business, Capital (architecture), Investment (military), Foreign capital, Limited company