Analysis On The Impeccability Of Legal System Of Limited Company Incorporation In Macao

Since the "Codigo Comercial" and "Codigo do Registo Comercial" implementation on 1999,it is undeniable that limited company incorporation is on the formalization track.But the process of implementation has disclosed many defects. The impeccability on the legal system can improve and promote the operation and development of a business in a society. Therefore, sound and complete legal system in limited company incorporation has important meaning. The essay applies comparative analysis method, in effort to impeccable the legal system in company incorporation.This essay consists of preface, body of five chapters and conclusion with a length about 60,000 words.The preface of this essay states the purpose and practical meaning of this analysis. The author believes that obstruct the loop hole in limited company incorporation in Macao is necessary and urgent.The first chapter reviews the legal system in incorporating a limited company. The author investigates the creation and development on the legal system of limited company incorporation, also briefly introduces the origin and development in the limited company incorporation in Macao.The second chapter consists the main features and content of the system on limited company incorporation in Macao. The characteristic of current limited company incorporation is simplification and company secretary, allowing sole ownership for limited company etc. The author states the content of incorporation from paid up capital, number of shareholders and article of association.The third chapter compares the legal framework on limited company incorporation among China and foreign countries. The author analyzes the content of China and foreign countries from the document and article of association. After the comparison, theauthor found that whether the document or process the continental law countries were stricter. On the other hand, the regulation of Common law countries were loser and simpler.The fourth chapter reviews the current limited company incorporation system in Macao. From the review on incorporation document and incorporation formulation, the authors out that paid up capital, minimum capital and number of shareholders are worth for further investigation, and analyzes their existing problems.The fifth chapter is suggestion on the impeccability of limited company incorporation legal system in Macao. The author pinpoints the problems in existing limited company incorporation legal system in Macao and propose specific suggestions.The sixth chapter is conclusion. The author concludes the problems in existing system in Macao, provides my understanding on the relevant problems, and concludes the future direction on Macao's relevant system.