Widely Anticipated PRC Company Law Amendments soon coming into Effect

by swisscham in Consulting, Legal, Services, Tax

On 28 December 2013, the Standing Committee of the National PeopleÕs Congress released the latest Amendments to the PRC Company Law (Òthe AmendmentsÓ), which are expected to come into force on 1 March 2014. The Amendments, being one of the major reforms since the enactment of PRC Company Law in 1993, did not come as a surprise, because they echo the reform goals set out in the 3rd Plenary Session of the 18th Central Committee of the Communist Party of China, while also serving as an expected sequence of the establishment of the Shanghai Pilot Free-Trade Zone and its approval-free policy on foreign invested companies.

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