Official Reply on the Non-Retroactive Application of the First Paragraph of Article 88 of the «PRC Company Law»

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(Issued by the Supreme People’s Court on, and effective as of, December 24, 2024.)

SPC Interpretation [2024] No.15

Henan Provincial High People’s Court:

Your Request for Instructions on the Retroactive Applicability of the First Paragraph of Article 88 of the Company Law has been received. After consideration, we give you our official reply as follows:

The first paragraph of Article 88 of the PRC Company Law, which was implemented on July 1, 2024, applies solely to transfers of equity occurring on or after July 1, 2024 where the deadline for a capital contribution has not expired. With respect to capital contribution responsibility disputes that arose before July 1, 2024 from equity transfers by shareholders whose deadlines for making their capital contribution had not expired, people’s courts shall deal with the same fairly and impartially in accordance with the spirit of the provisions of the previous Company Law and other relevant laws.

In the event of a discrepancy between this Official Reply and a judicial interpretation issued previously by this Court, such judicial interpretation shall cease to apply upon the issuance and implementation hereof.




(最高人民法院于二零二四年十二月二十四日起发布施行。)

法释〔2024〕15号

河南省高级人民法院：

你院《关于公司法第八十八条第一款是否溯及适用的请示》收悉。经研究，批复如下：

2024年7月1日起施行的《中华人民共和国公司法》第八十八条第一款仅适用于2024年7月1日之后发生的未届出资期限的股权转让行为。对于2024年7月1日之前股东未届出资期限转让股权引发的出资责任纠纷，人民法院应当根据原公司法等有关法律的规定精神公平公正处理。

本批复公布施行后，最高人民法院以前发布的司法解释与本批复规定不一致的，不再适用。