The revision of the “Company Law of the People's Republic of China” will come into effect on July 1, 2024
Since the “Company Law” is adopted on December 29, 1993, it has undergone multiple revisions. On December 29, 2023, the 7th meeting of the 14th National People’s Congress Standing Committee voted to pass the newly revised “Company Law” (hereinafter referred to as the “2024 Company Law”), which will come into effect on July 1, 2024. The 2024 Company Law has made significant adjustments compared to the current one in many aspects, such as the company capital system, shareholder’s contribution responsibility, protection of minority shareholder’s rights and interests, organizational structure, effectiveness of company resolutions, company registration and etc.. Article Title Key…