On Company Capital System

This article first limits the concept of company capital system, then compares the statutory capital system, the authorized capital system and the eclectic authorized capital system to inquire the tendency of company capital system. On the foundation, this article analyzes the change of new Corporation Law's company capital system, discovers and elaborates its superiority, tracks down the further consummation of company capital system.The company capital system refers to a series of concepts about the capital formation, maintenance and so on. In the scope, the company capital system covers the company capital and its correlation system, including the capital formation system, the minimal capital required by law, the method of capital subscription, the shareholder's right of selling off his stocks, the stock repurchase system, the company investment system and so on .Safe, fair, freedom and efficiency are the values of the company capital system. The design and arrangement of company capital system all revolve to the four values. The development of company capital system is the consequent of joint forces of the four values.The statutory capital system takes the society as the standard and pursues the safe value. The system persists three doctrines of capital determination, capital maintenance and unchanging capital. The authorized capital system takes individual as the standard and pursues the efficiency value. The system pays great attention to the efficiency of company establishment. The eclectic authorized capital system retains the merit of the statutory capital system and the authorized capital system, and overcomes the insufficiency of those two systems, which is a more scientific system.Comparing the statutory capital system, the authorized capital system and the eclectic authorized capital system, we may discover the development tendency of the company capital system, which is the company capital system must tally with the national condition of the country, and under the competition situation of economy...