| Registered capital has two basic functions, one of which is to help a corporation to become a legal person, the other of which is to provide a basis for the State to exercise an effective administration. However, the function of creditors-protection that registered capital has is just supplementary. The current mode of legislation concerning registered capital does not meet the demand of unification of legal system under the environment of the Market Economy. There exist defects in concrete systems about registered capital under the Company Law of PRC. Some systems such as check and restraint of behavior of capital contribution, the responsibility of breach of contribution agreement and of capital fulfillment should be strengthened. This paper puts forward some suggestions to perfect the legislation system of registered capital. |
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