If the company's registered capital is not in place within the promised period, the industrial and commercial department will impose a fine within a time limit. It may be deemed as a false capital contribution and face a penalty of more than 5% and 10% of the unfunded amount. A fine of not more than five dollars.

According to the "Company Law"

Article 28

Shareholders shall pay the capital contribution amount stipulated in the company's articles of association in full and on time. If a shareholder contributes capital in currency, the full amount of the monetary contribution shall be deposited into the limited liability company's bank account; if the shareholder contributes capital in non-monetary property, the transfer procedures for its property rights shall be completed in accordance with the law.

If a shareholder fails to pay capital contributions in accordance with the provisions of the preceding paragraph, in addition to paying the company in full, he shall also bear liability for breach of contract to shareholders who have paid capital contributions in full and on time.

Article 199

If a company’s promoters or shareholders make false capital contributions and fail to deliver or fail to deliver the monetary or non-monetary property as capital contributions on time, the company registration authority shall Order to make corrections and impose a fine of not less than 5% but not more than 15% of the false capital contribution.

Extended information

Minimum registered capital of various types of companies

The minimum registered capital of a limited liability company is RMB 30,000. Article 26 of the New Company Law 2014 On February 18, the minimum capital limit of 30,000 yuan for limited liability companies was lifted.

The minimum registered capital of a one-person limited liability company is 100,000 yuan, and shareholders must pay the full capital contribution in one lump sum. Articles 59-64 of the New Company Law canceled the minimum registered capital of a one-person limited liability company on February 18, 2014. 100,000 yuan limit.

The minimum registered capital of a joint-stock company is 5 million yuan. Article 81 of the New Company Law lifted the restriction on the minimum registered capital of 5 million yuan for a joint-stock company on February 18, 2014.

The minimum registered capital of International Freight Forwarding Co., Ltd. is 5 million yuan. The minimum registered capital of Human Resources Co., Ltd. is 500,000 yuan. The minimum registered capital of a labor dispatch company is RMB 2 million. The minimum registered capital of a real estate development company is RMB 1 million.

After the revision of the New Company Law in 2006, the requirement to differentiate the minimum registered capital according to the company’s business content was cancelled, and the minimum registered capital of a limited liability company was uniformly reduced from 100,000 to 500,000 yuan to 30,000 yuan. The minimum registered capital of a joint-stock company will be reduced from the original 10 million yuan to 5 million yuan.

At the same time, due to various reasons, although the authorized capital system was not adopted in the end, it allowed the capital of both companies to be paid in installments without having to pay it all in one go. It only required the initial capital contribution of all shareholders. It shall not be less than 20% of the registered capital, and the remaining part must be paid in full within two years, of which investment companies can pay in full within 5 years.

On February 18, 2014, the State Council issued a reform plan for the registered capital registration system, canceling the minimum registered capital of 30,000 yuan for limited liability companies, the minimum registered capital of 100,000 yuan for one-person limited liability companies, and the minimum registered capital for joint stock companies. Capital limit of 5 million yuan

Reference: State Council Information Office-Company Law of the People's Republic of China

Reference: Baidu Encyclopedia-Registered Capital