Is capital verification required for registered company capital?
1. The registered company capital does not need capital verification. After the implementation of the registered capital subscription registration system, the capital verification system has been cancelled. This is a reform measure of the industrial and commercial registration system. For matters that require pre-licensing in accordance with laws, administrative regulations, and decisions of the State Council, except for matters involving national security, the safety of citizens' lives and property, etc., the system of first approval by the competent department and then industrial and commercial registration will no longer be implemented.
2. The legal basis is:
Article 26 of the "Company Law of the People's Republic of China", the registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority. Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in registered capital and the minimum amount of registered capital of a limited liability company, such provisions shall prevail.
Which industries require paid-in registered capital
Banking financial institutions, securities companies, futures companies, fund management companies, insurance companies, professional insurance agencies and insurance brokers, direct selling companies, foreign labor service cooperation companies, financing guarantee companies, joint stock companies established through public offering, and labor dispatch 27 industries, including enterprises, pawnshops, insurance asset management companies, and small loan companies, still implement the paid-in registered capital registration system.
What is the difference between subscription and actual payment of company registered capital
The main difference between the registered capital paid-in system and the subscription system is whether the registered capital needs to go through the capital verification step.
Paid-in system: It is required that the registered capital of the company must be paid in by the shareholders within the prescribed time limit, and the capital verification institution established by law must issue a capital verification certificate and apply for registration with the registration authority. That is, the registered capital must go through capital verification. If the registered capital is 1 million enterprises, 100 must be transferred to the corporate account, and can be transferred out after capital verification. This capital verification process is to verify that the company does have the corresponding financial strength.
Subscription system: It means that the registration authority only registers the total capital contribution (registered capital) subscribed by the shareholders (promoters) of the company, and the actual capital contribution (paid-in capital) paid by the shareholders (promoters) is independently agreed by the shareholders of the company and recorded in the company charter. The step of capital verification is omitted, and there is no need to pay the registered capital when the company is registered, and there is no need to advance capital. As long as the shareholder's capital contribution reaches this part of the fund within the period of the business license (generally 20 years), that is to say, it is enough to generate this part of the capital flow from the business operation. If the registered capital is not subscribed within the period of the business license, the business license can be extended and the normal use can continue.