Order of the President of the People's Republic of China | | 中华人民共和国主席令 |
(No. 15) | | (第十五号) |
The Decision of the Standing Committee of the National People's Congress on Amending the Company Law of the People's Republic of China, as adopted at the 6th session of the Standing Committee of the Thirteenth National People's Congress of the People's Republic of China on October 26, 2018, is hereby issued, and shall come into force on the date of issuance. | | 《全国人民代表大会常务委员会关于修改<中华人民共和国公司法>的决定》已由中华人民共和国第十三届全国人民代表大会常务委员会第六次会议于2018年10月26日通过,现予公布,自公布之日起施行。 |
President of the People's Republic of China: Xi Jinping | | 中华人民共和国主席 习近平 |
October 26, 2018 | | 2018年10月26日 |
Decision of the Standing Committee of the National People's Congress on Amending the Company Law of the People's Republic of China | | 全国人民代表大会常务委员会关于修改《中华人民共和国公司法》的决定 |
(Adopted at the 6th session of the Standing Committee of the Thirteenth National People's Congress of the People's Republic of China on October 26, 2018) | | (2018年10月26日第十三届全国人民代表大会常务委员会第六次会议通过) |
I. As decided at the 6th session of the Standing Committee of the Thirteenth National People's Congress, the Company Law of the People's Republic of China shall be amended as follows: | | 一、第十三届全国人民代表大会常务委员会第六次会议决定对《中华人民共和国公司法》作如下修改: |
Article 142 is amended to read: “A company shall not purchase its own shares except under any of the following circumstances: | | 将第一百四十二条修改为:“公司不得收购本公司股份。但是,有下列情形之一的除外: |
“(1) To reduce the registered capital of the company. | | “(一)减少公司注册资本; |
“(2) To merge with another company that holds its shares. | | “(二)与持有本公司股份的其他公司合并; |
“(3) To use shares for employee stock ownership plan or equity incentives. ...... | | “(三)将股份用于员工持股计划或者股权激励; ...... |
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