judicial interpretation Mainland China Translation unavailable

SPC Reply on Non-Retroactive Application of Company Law Article 88(1)

最高人民法院关于《中华人民共和国公司法》第八十八条第一款不溯及适用的批复

Clarifies that Article 88(1) of the 2023 Company Law applies only to equity transfers of unmatured subscribed capital occurring on or after 1 July 2024.

Use It For

Use this reply whenever a problem involves transfer of shares or equity with unpaid subscribed capital and the transfer date sits near 1 July 2024.

Teaching Notes

The reply is a clean example of how transition rules can reshape capital-contribution liability even when the substantive Company Law article looks straightforward.