Study on the Perfection of the System of Accelerating the Expiration of Shareholders' Capital Contribution Obligation under the Company's Capital Subscription System

The Company Law of the people’s Republic of China has clarified the company captical subscription system since 2013. And removed restrictions on minimum investment amount and investment period. Shareholders have gained great freedom to invest. After subscription registration, shareholders enjoy equity, but the conflict between the shareholders’ interests of the company’s creditors is becoming increasingly prominet. The establishment of the Company Law has lowered the market entry threshold and protected the interests of shareholders, but it has not established a coordinated legal system to protect the interests of creditors. This article will focus on analyzing the drawbacks of the accelerated expiration of shareholder contribution obligations under the subscription system, and propose improvement suggestions based on the experience of relevant systems abroad.