Jan 2024 - Amended Company Law of the People's Republic of China will be effected on 1 July 2024

Main changes of this amendment

Point of Attention

• Please note that the detailed application rules are not issued yet, several points need to be clarified such as the timeline to contribute to the registered capital for already incorporated Company, whether the value of shares or payables must be certified officially in advance in case of capital contribution….
• If the timeline to contribute to the capital is abnormal, Administration for Market Regulation (“AMR”) may require the company to adjust timely in accordance with this law.

We will keep you posted if further detailed implementing rules are published.

We remain available should you have any questions. Please do not hesitate to reach out to your Mazars point of contact.

Reference:

Standing Committee of the National People's Congress, Presidential Decree No.15: Company Law of the People's Republic of China (Amended in 2023) ( link here in Chinese).