Promoting the reform of the company's registered capital registration system

Premier Li Keqiang of the State Council presided over the executive meeting of the State Council on October 25 to deploy the reform of the company’s registered capital registration system, reduce the cost of starting businesses, and stimulate the vitality of social investment.

The conference pointed out that reforming the registered capital registration system, relaxing access to market entities, innovating government supervision methods, and establishing a highly efficient, transparent, and fair modern company registration system are another important measure for the new government to transform the overall deployment of functions and reform programs. It is to further simplify administration and decentralize power, build a fair competition market environment, mobilize the power of social capital, promote the growth of small and micro enterprises, especially innovative enterprises, promote employment, and promote the development of emerging productive forces. It is absolutely necessary to fully push this reform initiative. This will not only comply with the ardent expectations of the majority of market players, but also help expand social investment, consolidate the steady development of the economy, and meet the requirements of the development of new productive forces such as new technologies, new industries, and new industries, and will be conducive to the construction of service-oriented The government will reduce the micro-intervention in the market, guarantee labor entrepreneurial rights, create a good business environment, create more employment opportunities, and enable the people to benefit more from the deepening of reform, continuous emancipation, and development of productive forces.

The conference emphasized that to implement the reform of the registered capital registration system is to innovate the company registration system, reduce the barriers to entry, strengthen the responsibilities of market players, and promote the formation of honesty, fairness, and order, in accordance with the principles of convenience, efficiency, standardization, and liberalization. Market Order. The meeting clarified the main contents of the reform: First, it eased the registration conditions for registered capital. Except as otherwise provided in laws and regulations, the minimum registered capital of a limited liability company shall be 30,000 yuan, the minimum registered capital of a one-person limited liability company shall be 100,000 yuan, and the minimum registered capital of a limited liability company shall be 5 million yuan; the company shall no longer be restricted when the company is established. (Initiator)'s initial capital contribution ratio and time limit for full payment. The paid-in capital of the company is no longer used as a business registration item. The second is to change the company's annual inspection system to the annual report system. Any unit or individual can make inquiries and make the relevant information of the enterprise transparent. Establish a fair and regular spot inspection system to overcome the arbitrariness of inspections and improve the fairness and effectiveness of government management. Third, in accordance with the principle of convenient registration and orderly ordering, the conditions for the registration of the principal residence (operating place) of the market shall be relaxed and shall be specifically stipulated by the local government. The fourth is to vigorously promote the establishment of corporate credit system. Pay attention to the use of information publicity and sharing and other means, the enterprise registration record, annual report, qualifications and other qualifications through the market body credit information system for publicity. The implementation of electronic business licenses and full electronic registration management has the same legal effect as paper business licenses. Improve the credit-constraint mechanism and include market participants with irregularities in the “black list” of business anomalies and publish them to the public so that “one violation and all limitations are imposed” to increase the “distrust cost” of the company. Fifth, the promotion of registered capital has changed from a paid-up registration system to a subscription registration system, reducing the cost of starting a company. On the basis of speeding up the improvement of relevant laws and regulations, the company's shareholders (sponsors) shall voluntarily stipulate the amount of contributions, methods of investment, and the time limit for capital contribution, and shall be responsible for the authenticity and legitimacy of the contributions.

The meeting emphasized that the reform of the registered capital registration system involves a wide range of policies and has a strong policy. It is imperative to proceed with the revision of relevant laws and regulations in accordance with legal procedures. All localities and relevant departments must cooperate closely to speed up the formulation and improvement of supporting measures. All provincial governments must follow the unified standards and norms and pay close attention to the construction of the market body credit information disclosure system. The administrative departments for industry and commerce must optimize processes and improve systems to ensure a smooth transition of management before and after the reform. It is necessary to strengthen the role of self-management, self-discipline of industry associations, and supervision of social organizations, improve the level of market supervision, and effectively allow this reform to “take root”, further release the reform dividend, stimulate entrepreneurial vitality, and stimulate new development drivers.