Browsing by Subject "capital subscription system"

In 2013, the Company Law has revised the capital system, enacting the capital subscription system and giving more freedom to corporate autonomy. However, there are still some conflicts arising under such system, especially for conflicts on the allocation of voting rights of shareholders who have not contributed subscribed capitals in full. Therefore, it is necessary to conduct a research and discuss how to deal with such conflicts by analyzing the capital systems in different countries and relevant cases in China. This article focuses on how to better allocate shareholders’ voting right under capital subscription system after fully considering its benefits and problems. To solve this problem, it contains the following aspects: (1) Introduction of shareholders’ voting rights and capital subscription system; (2) Discussion of the current situation and existing problems of shareholders’ voting rights under capital subscription system; (3) In-depth analysis of current theory and cases in China; (4) Comparison of capital systems, such as authorized capital system in the U.K and compromise capital system in Japan, in other countries; (5) Suggestion on how to better allocate shareholders’ voting rights to solve existing problems.