State Administration for Industry and Commerce,The Question of Whether Shareholder Borrowing Is Surreptitiously Withdrawing Capital Contribution Reply

国家工商行政管理总局关于股东借款是否属于抽逃出资行为问题的答复

October 02, 2002 | BY

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Issued: July 25 2002Main contents: The Reply clarifies that a company has full legal person property rights formed by its shareholders' investments. Thus…

Clp Reference: 3400/02.07.25 Promulgated: 2002-07-25

Issued: July 25 2002

Main contents: The Reply clarifies that a company has full legal person property rights formed by its shareholders' investments. Thus mere borrowing from the company by a shareholder without adequate evidence is not deemed to be surreptitious withdrawal of the shareholder's capital contribution.
Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21

clp reference:3400/02.07.25promulgated:2002-07-25

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