| The revamp of the company law in 2013 is a main modification to the true inscribed property in registration institution in China for a long time.Promoting the enforcement of the certified property payment instrumentality will make a significant and essential effect on the establishment and enhancement of Chinese Companies.It is a significant innovation of the company’s property institution to become the institution of paid in inscribed property into the institution of subscribed property.It also shows the transformation of the legislative concept of the company’s basis of credit,that is,from "property credit" to "quality credit".The company capital institution can be said to be the inner core of a company.On one side,it has a very especial role in the institution,running and administration of the company;beyond that,it has a very close influence with the realization of the benefits of the company’s stockholders and other stockholders.And it is more important,it will also have a far-function on the evolution steadily of country’s market-oriented economy.Under the long-term implementation of the paid-in capital system,the implementation of the property subscription institution is destined to be a process of constantly adapting to the running in,which needs to be guaranteed by a matching institution.It is worth studying and discussing how to enhance the company’s credit guarantee mechanism.Based on the introduction of the corporate information disclosure systems of the United States,the European Union,and Japan,this article draws on the construction and improvement of the information disclosure system of limited liability companies based on the adverse effects that the capital subscription system may have on relevant stakeholders.This will help market entities invest cautiously when conducting transactions,reduce the adverse effects of the capital subscription system,and better protect the interests of stakeholders. |
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