Definition of company
The Company Law of China defines the company. The definition of "company" should be fully understood in conjunction with Articles 2 and 3 of the Act.
Article 2 of the Company Law stipulates that "A company referred to in this Law refers to a limited liability company and a limited company established within the territory of China in accordance with this Law." Article 3 stipulates that a company is an enterprise as a legal person, has independent legal person property and enjoys legal person property rights. The company is liable for its debts with all its property. The shareholders of a limited liability company shall be liable to the company within the limit of their subscribed capital contributions; the shareholders of a joint stock limited company shall be liable to the company within the limit of their subscribed shares."
Lawyer Ma Liangjun holds that Article 2 of the Company Law clarifies the extension of a company in the Company Law, while Article 3 explains the connotation of a company, a limited liability company or a joint stock limited company.
Accurately grasping the definition of company is of great significance to the handling of relevant disputes and the application of law.
Author: Liangjun Ma, founding partner and lawyer of Shanghai G-road Law Firm
This article was originally created by the lawyer of Shanghai G-road Law Firm and represents the author's own opinion. It should not be regarded as the formal legal opinions or suggestions issued by G-road Law Firm or its lawyers. If you need to reproduce or quote anything in this article, please indicate the source.