Legal Research On Judicial Passivism Regarding The Reason Of Changing In Capital Registration System

With the introduction in 2014 of new "Company Law", the company registered capital system also encountered a dramatic change. The new "Company Law" clearly regulate for a limited liability company to cancel the minimum registered capital of thirty thousand with the lowest minimum registered capital of five million for the limited liability company. This business registration reform focuses on the establishment of the registration. While, the company registered capital system relate to the company, the promoters and shareholders, creditors of the company, and many other parties. It is reasonable for the state to intervene the market, but the key is how to grasp the degree. Theorists generally think that this action aims to stimulate the development of the market economy and relax the government regulation for the registration of the company, and argument by sociology, economics, and other ways to demonstrate the registered capital. The company law reform, as a legislative act in legal theory, is far away from the debate of legislative acts, around the sociology of law, law and economics for the explanation of policy of liberalization. Therefore, the searching of theory from legal theory to explain and guide government regulation and legislation to relax become even more urgent.