What are the provisions of company law on intellectual property financing
The provisions of the companies act on intellectual property financing are as follows:
Article 26 of the companies act the laws, administrative regulations and the decisions of the state council on the payment of the registered capital of a limited liability company, as well as on the minimum limits of the registered capital, are stipulated therein。
(a) article 27: shareholders may contribute in monetary terms, or in kind, intellectual property, land tenure, etc., may be valued in monetary terms and may be paid at the price of non-monetary property transferred in accordance with the law; however, laws and administrative regulations stipulate that no property may be financed. Non-monetary property to be financed shall be valued, verified and not overvalued or underestimated. The assessment is priced by laws and administrative regulations and is regulated by them。
Article 28 shareholders shall pay in full, on time, their respective contributions, as specified in the statutes of the company. If the shareholders are financed in currency, the money shall be deposited in full into the bank account maintained by the limited liability company; in the case of non-monetary property, the transfer of their property rights shall be effected by law. In addition to full payment to the company, shareholders who do not pay their contributions in accordance with the preceding paragraph shall be liable for non-compliance。
Article 29 after the shareholders have recognized the contribution provided for in the company's charter, a representative appointed by all shareholders or a jointly commissioned agent submits to the company's registration authority an application for registration of the company, its charter, etc., and applies for registration。
Article 30 when a limited liability company is incorporated, it is found that the actual value of the non-monetary property financed by the establishment is significantly lower than the price fixed by the constitution of the company, and that the difference should be filled by the shareholders who paid the contribution; other shareholders at the time of the establishment of the company bear joint and several liability。
Article 31 upon incorporation, a limited liability company shall issue a certificate of contribution to the shareholders. A certificate of contribution shall state the following:
(i) name of company;
(ii) date of incorporation;
