The amended PRC Company Law (“New Law”) will come into force on July 1, 2024. As the New Law makes significant changes in many respects, including corporate governance, capital contribution, and duties and liabilities of directors and executive officers, companies in China need to revisit and amend their articles of association (AoAs) in compliance with the requirements under the New Law.
This article highlights certain key issues that may need to be considered in amending AoAs of limited liability companies (LLCs).
