Supreme People's Court, Provisions on Several Issues Concerning the Application of the «PRC Company Law» (4) (Draft for Comments)

最高人民法院关于适用〈中华人民共和国公司法〉若干问题的规定（四）（征求意见稿）

April 21, 2016 | BY

Susan Mok

Issued: April 12 2016 Main contents: A resolution of the shareholders' meeting or shareholders' general meeting, or of the board of directors…

Issued: April 12 2016

Main contents: A resolution of the shareholders' meeting or shareholders' general meeting, or of the board of directors shall be found to be invalid if:

(1) a shareholder abuses his shareholder rights to pass a resolution that prejudices the interests of the company or another shareholder; or

(2) the resolution makes an excessive distribution of profits, is for a material improper affiliated transaction, etc. causing harm to the interests of the company's creditors (Article 6).

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]