How many revisions to the Company Law have we made recently?

It was enacted in '93 and then revised three times.

The Company Law of the People's Republic of China is a law enacted to regulate the organization and behavior of companies, protect the legitimate rights and interests of companies, shareholders and creditors, maintain social and economic order, and promote the development of the socialist market economy.

Adopted at the Fifth Session of the Standing Committee of the Eighth National People's Congress on December 29, 1993, and amended and revised several times in 1999, 2004, 2005, 2013 and 2018.

The current version is amended for the fourth time in accordance with the Decision on Amending the Company Law of the People's Republic of China at the Sixth Session of the Standing Committee of the 13th National People's Congress on October 26, 2018.

Legal basis: Company Law of the People's Republic of China

Article 1 This Law is formulated in order to standardize the organization and behavior of the company, protect the legitimate rights and interests of Shanchi Li Company, shareholders and creditors, maintain social and economic order, and promote the development of the socialist market economy.

Article 2 The term "company" in this Law refers to a limited liability company and a stock company established in China in accordance with this Law.

Legal Analysis: The full text of the Company Law has been amended four times.

1. Amended for the first time in accordance with the "On Amendment" of the 13th Session of the Standing Committee of the Ninth National People's Congress on December 25, 1999;

2. Amended for the second time in accordance with the "Amendment" of the 11th Session of the Standing Committee of the 10th National People's Congress on August 28, 2004;

Amended at the 18th Session of the Standing Committee of the 10th National People's Congress on October 27;

4. According to the third amendment to the Sixth Session of the Standing Committee of the Twelfth National People's Congress on December 28, 2013;

5. According to the fourth amendment to the Sixth Meeting of the Standing Committee of the 13th National People's Congress on October 26, 2018.

Legal basis: Company Law of the People's Republic of China

Article 1 This Law is enacted for the purpose of regulating the organization and behavior of the company, protecting the legitimate rights and interests of the company, shareholders and creditors, maintaining social and economic order, and promoting the development of the socialist market economy.

Article 2 The term "company" in this Law refers to the limited liability company and shares established in China in accordance with this Law.

Article 3 The company is an enterprise legal person, has independent legal person property, and enjoys the property rights of legal person. The company is liable for the debts of the company with all its property.

The shareholders of a limited liability company are liable to the company to the extent of their subscribed capital contributions; The shareholders of the shares are liable to the company to the extent of the shares subscribed by their inspectors.