Secp Company Registration
Secp Company Registration Committee may revise the methodology to reflect. Amendments to the law if requested by the applicant. Although the applicant is responsible for the preparation of a preliminary report on the changes.
After registration of a public company the company name. And symbol can be change without any further notification to the public.
The Registrar may allow for the company name. Or the symbol to be change but it can be veto by the company.
The State Council announced the overhaul of the Public Company Law (1999) on 5 March 2014, with a call for information seeking opinions on the draft.
On 31 May 2014, the State Council proposed a draft law to be submit to the plenary session of the National People’s Congress.
The State Council follow up the above-mention “Notice” and “Draft Document” with a notice dated 6 August 2006, sent to the State Councils of five Chinese provinces and autonomous regions (“Guangdong, Hainan, Guangxi, Yunnan, and Tibet”), the State Administration of Foreign Exchange (“SAFE”), the China Securities Regulatory Commission (“CSRC”), the China Insurance Regulatory Commission (“CIRC”), the National Internet Finance Association of China (“NIFA”), the China Deposit Insurance Corporation (“CDIC”), and the State Administration of Foreign Exchange (“SAFE”), the new draft was further discussed and publish on 11 December 2006.
On 26 January 2008, the State Council released the “Notice Concerning the Special Measures to Implement the Eighth Article of the Sixth Session of the Eighth National People’s Congress” (SMSN8-06).
The new draft was approve by the State Council on 8 June 2009.
On 31 August 2009, the State Council published the “Final Draft of the Amendment to Certain Provisions of the Seventh Session of the Ninth National People’s Congress on Amendment to Certain Provisions on Issuance, Opening, Holding and Canceling Shares” (SMSN8-09).
On 17 March 2008, the State Council released the “Draft Document of the Special Measures to Implement the Eighth Article of the Sixth Session of the Eighth National People’s Congress” (SMSN8-07).
The draft was submit to the State Council plenary session of the National People’s Congress on 19 June 2010.
On 8 July 2010, the State Council published the “Notice Concerning the Proposed Amendments to Certain Provisions of the Seventh Session. Of the Ninth National People’s Congress on Amending Certain Provisions on Issuance. Opening, Holding and Canceling Shares and Other Measures Concerning Share Issuance and Transfer of Shares”.
The proposed amendments were submit to the State Council plenary session of the National People’s Congress on 10 September 2010.
On 9 October 2008, the State Council released the “Draft Regulation of the State Council” (SMSN8-08).
The State Council adopted the State Council Decision on Amending Certain Provisions of the Seventh Session. Of the Ninth National People’s Congress on the Issuance. Opening, Holding and Canceling Shares on 23 March 2011.
According to the decree, the key change is the introduction of a one-sentence provision on companies to hold their shares.
On 15 December 2011, the State Council issued. The “Notice Concerning the Proposed Amendments to Certain Provisions of the Seventh Session of the Ninth National People’s Congress. On Amending Certain Provisions on Issuance, Opening, Holding. And Canceling Shares and Other Measures Concerning Share Issuance and Transfer of Shares”,
The new draft has been publish for the second time on 10 March 2012.
On 31 March 2009, the State Council released the “Notice Concerning the Proposals for Amending Certain Provisions of the Seventh Session of the Ninth National People’s Congress. On Amendment to Certain Provisions on Issuance, Opening. Holding and Canceling Shares and Other Measures Concerning Share Issuance and Transfer of Shares”.
According to the decree. The key change is the abolition of the new requirement of a qualified. Institutional investor (“QIIM”) for approval of share issuance or transfer.
The “State Council Decision on Amending Certain Provisions of the Seventh Session of the Ninth National People’s Congress on Amending Certain Provisions on Issuance. Opening, Holding and Canceling Shares” (SMSN8-12) is set to be amend. By the State Council in the third quarter of 2012.
According to the decree, the key change is the introduction of the “new mechanism for the selection of the qualified institutional investor” for the acceptance of the share issuance by companies.
The State Council Decision on Amending Certain Provisions of the Seventh Session of the Ninth National People’s Congress. On Amending Certain Provisions on Issuance. Opening, Holding and Canceling Shares (SMSN8-12) is expect to be amend by the State Council.