What are the consequences should the registered capital not be paid by the shareholders?
From:
Justice Bureau of Shenzhen Municipality
Updated:
2022-01-13 14:01
The capital contribution not yet paid by the shareholders shall be regarded as liquidation property.
When the company’s property is insufficient to pay off its debts, the shareholders as well as other shareholders or subscribers at the time of the company’s incorporation, who have not paid their capital contributions, shall bear joint and several liabilities to pay off the company’s debts within the scope of the unpaid capital contributions.