On Registered Capital

Registered capital , which is determined in the bylaw at the time of corporate registration and establishment, and examined and approved by registration organization, is the overall assets invested by the shareholders. It is not only one of the necessary items in the corporate registration, but plays a crucial role in the corporate operation. Thus, to give a global and in-depth research on registered capital is integral. Registered capital and registered fund are often confused in legal practice. However, it is just the "one word" difference between them that will lead to great discrepancy in economic life because of their completely different applicable targets. Accordingly, this article will give a detailed discussion about this problem, to clarify the wrong concepts . The formation of registered capital is always the focus of attention of both the theoretical circles and the pragmatic ones and whether the investment forms listed in the corporate law include all the investment forms is constantly doubted by them as well. New investment forms constantly emerge in economic life, which have been confirmed their legalization in some judicial cases. However, this behavior is obviously against the regulation of corporate law. Therefore, based on the lack of legal regulation, it is very important to give an in-depth research on the formation of registered capital under current circumstances.This article consists of three parts. The first part mainly compares the applicable targets of registered fund and registered capital, analyzes their advantages and disadvantages and then, affirms the registered capital system. The second part probes deeply into the role of registered capital in modern enterprises, analyzes the investment forms stipulated in corporate law and the inadequacy of the legal investment, and makes an analysis of its investment types from the perspective of law. The last part gives a fresh overall construct for the investment forms of registered capital in our country aimed to the other investment forms appeared in actual life by considering the legislative cases in foreign countries and further makes a deep analysis of their legal principle.