The so-called comprehensive registration system is not that there is no audit, but that the audit mechanism, the maturity of the audited capital market itself, the underlying logic of capital market investment, the rule of law system of the capital market, and the regulatory system of the capital market have undergone fundamental changes.      As for the changes in the audit system, the comprehensive registration system will give the authority of audit to the exchange closest to the market and closest to the supervision, so that people familiar with the capital market can review the listing of qualified enterprises, which is a major change.      A major change in the review committee of the comprehensive registration system is that the Listing review Committee of the Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stoc...

The resolution of defective dispute is an important system of corporate governance. If a shareholder believes that the substantive content of the company's shareholders' meeting or the shareholders' general meeting or the resolution of the board of directors violates laws or administrative regulations, it may file a dispute to confirm the validity of the company's resolution; If the shareholders believe that the convening procedure of the meeting violates laws, administrative regulations or the articles of association of the company, or the content of the resolution violates the articles of association of the company, they may file a resolution of the company to cancel the dispute; If the flaws in the company's resolution are obvious and significant, even the existence of the resolution itself cannot be recognized, a lawsuit can be filed to confirm the non-existence of the company's ...

Equity transfer dispute is a concentrated expression of the integration of contract law and company law, two major civil and commercial fields. The disputes between the parties usually focus on whether the equity transfer is established, effective or not, and whether it can be revoked. This paper will focus on the disputes caused by the transfer of defective investment equity, in order to guide enterprises to prevent relevant risks in operation.   一、Validity of the equity transfer agreement signed by the defective contributing shareholder Different from the new shares issued by the company, there may be defects in the old shares that the shareholders have not fulfilled or have not fully fulfilled their investment obligations. Even if these problems can be found after the investors have transferred the shares, the die has been cast and the cost of remediation is very high. I...

On December 30, 2022, the Shenzhen Stock Exchange revised the Interim Provisions on Reporting and Recommending the Listing of Enterprises on the GEM of the Shenzhen Stock Exchange (hereinafter referred to as the "Interim Measures"). The Shenzhen Stock Exchange revised the "Interim Measures" and the China Securities Regulatory Commission revised the science and innovation board science and innovation attributes launched at the same time, further explaining that the registration system after a period of experiment, the need for more scientific and quantitative evaluation indicators. This change also reflects the marketization and transparency of the registration system, and the scientific and quantifiable review of the registration system.     The core of the registration system is to give enterprises the predictability and quantifiable evaluation i...

Science and technology board listing series interpretation: science and technology attributes and hard science and technology Enterprises to go public, if ready, believe the experience of predecessors, the early bird has the worm to eat, any good policy is from the test to the norm, do not say that the competitor's standard degree is far worse than me, he can be on, why can't I? Perhaps he is *ST amethyst or *ST Zeda in your mouth, and what you envy may make you the most painful. So, think about how fair the world is. As a hard technology entrepreneur or entrepreneur, in fact, it is easiest to understand what is "hard", and hard technology indicators without data quantification are no different from playing rogue. Therefore, for most entrepreneurs with technical backgrounds, the meaning of hard technology is best understood. In fact, even into the era of the digital economy,...

Equity transfer contract is a contract concluded by the parties for the purpose of equity transfer, in which the transferor delivers the equity and receives the premium, and the transferee pays the premium to get the equity. Equity transfer dispute is a concentrated expression of the integration of contract law and company law, two major civil and commercial fields. The disputes between the parties usually focus on whether the equity transfer contract is established, effective or not, valid or invalid, and whether it can be revoked. This paper will focus on the litigation disputes involving the shareholder's preemption right in the transfer of equity, in order to guide the enterprise to prevent the relevant risks in the operation.   一、The determination of "equal conditions" when exercising the right of preemption "Equal conditions" is the condition for shareholders to exerci...