English
English
KNOWLEDGE|
(1) |
The company prepares a balance sheet and property inventory; |
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(2) |
The shareholders' meeting passes a resolution on capital reduction; |
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(3) |
The company notifies creditors within 10 days from the date of passing the resolution on capital reduction; |
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(4) |
The company announces the capital reduction in newspapers or the National Enterprise Credit Information Publicity System within 30 days from the date of passing the resolution on capital reduction; |
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(5) |
Creditors are entitled to demand the company to pay off their debts or provide corresponding guarantees within 30 days upon receipt of notice, or within 45 days from the date of announcement if they have not received the notice; |
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(6) |
After the expiration of the announcement period, the company shall apply to the registration authority to change the registered capital in accordance with the law. |
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(1) |
Shareholders shall return the funds they have received. |
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(2) |
The reduction or exemption of shareholders' obligation of capital contribution shall be restored to their original state. |
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(3) |
Shareholders and responsible directors, supervisors, and senior management personnel who cause losses to the company shall be liable for compensation. |
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(4) |
If the company is unable to pay its due debts, shareholders who illegally reduce their capital shall bear supplementary compensation liability for the debts that the company cannot pay off within the limit of the reduced capital. |
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Disclaimer All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage. |
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