Jinpeng Jiayi (Hengqin) Joint Law Firm Conducts Special Training on the New Company Law

After the promulgation of the new Company Law on December 29, 2023, the new Law will come into force on July 1, 2024. The new Company Law has a total of 15 chapters and 266 articles, and 228 articles have been added and revised. Among them, important adjustments have been made to the original rules from the aspects of corporate capital system, corporate governance, protection of minority shareholders' rights and equity trading rules, which are actively and prudently revised in light of economic development, commercial practice and the need for corporate rule of law over the years.

After the promulgation of the new Company Law, all localities, departments and systems throughout the country, especially corporate enterprises, law firms, state organs and law schools, will face the important task of re-learning, implementing and applying the new Company Law. On April 15, Jinpeng Jiayi (Hengqin) Joint Law Firm carried out the training on the new Company Law. The special topic of this training was the Company Capital, Shareholders' Investment and Financial Accounting System under the New Company Law. All lawyers and trainee lawyers actively participated in the training. The lectures were carried out offline and online simultaneously to improve the professional ability of serving enterprises and serve to ensure the high-quality development of enterprises.

The training was conducted by Chen Xiaofei, a lawyer of our firm, focusing on the capital system of the company, the capital contribution of the shareholders of the company and the financial and accounting aspects of the company, focusing on the capital system, the provisions on the adjustment of the time limit for capital contribution within a time limit, the authorized capital system of joint-stock companies, the establishment of class shares of joint-stock companies, the special provisions on capital increase and capital reduction of companies, and the centralism mode and responsibility rules of the board of directors under the new Company Law.

According to the new Company Law, the Request for Comments on the Provisions of the State Council on the Implementation of the Registered Capital Registration Management System of the Company Law of the People's Republic of China, the Minutes of the Civil and Commercial Trial Conference of the National Courts, the provisions of the Supreme People's Court on several issues concerning the application of the Company Law of the People's Republic of China, the provisions of the Criminal Law and the standards for filing and prosecution of relevant criminal cases, and in combination with typical cases, lawyer Chen Xiaofei has analyzed the relevant key points of laws and regulations, and everyone has raised questions for heated discussion.

Through this training, the lawyers and trainee lawyers of Jinpeng Jiayi Joint Venture have a deeper understanding of the background and key provisions of the revision of the new Company Law, and have effectively improved the skills and level of lawyers in handling company law related business. Jinpeng Jiayi Joint Venture will continue to study the newly revised laws and regulations, consolidate its business foundation, improve its business ability, and provide higher quality legal services to its clients with full enthusiasm.