| Reply of the State Administration for Industry and Commerce Concerning the Relevant Questions on Stock Equity Transfer | | 国家工商行政管理局关于股权转让有关问题的答复 |
| (GongShangQiZi [2000] No.262) | | （工商企字〔２０００〕第２６３号） |
| Hainan Administration for Industry and Commerce: | | 海南省工商行政管理局： |
| We have studied your Request for Instructions on Related Issues on Stock Equity Transfer （QiongGongShangFaZi [2000] No.10） and now reply as follows. | | 你局《关于股权转让有关问题的请示》（琼工商法字〔２０００〕１０号）收悉。经研究，现答复如下： |
In accordance with the Company Law, shareholders of registered companies with limited liability may transfer their stock equity with one another. They may transfer their stock equity to other parties other than shareholders of the company with the permission of the shareholders' meeting. In transfer of stock equity, the transferer and transferee should sign a transfer agreement, according to which the transferee should pay the transferer an equivalent of the capital the transferer has appropriated in exchange for the stock equity. Thus the transferee needs no further capitalization in the company and becomes a valid shareholder after the registration authority approves and makes due alterations on the initial registration. The founders of a company with limited liability have no right to transfer the stock equity they hold of the company within three years of the company's operation. Neither have the directors, supervisors and managers of the company the right to transfer the stock equity they hold of the company during their tenures. Shareholders should transfer their stock equity in stock exchange centers and need no further capitalization in the company.
．．．．．． | | 依据《公司法》的规定，有限责任公司设立登记后，股东之间可以相互转让股权；经股东会通过，股东可以向股东以外的人转让其股权。股东转让股权，出让人与受让人签订转让协议后，受让人直接支付出让人已缴付公司的出资额，不必再向公司重新入资，经公司登记机关核准变更登记后，成为公司股东。股份有限公司除发起人自公司成立之日起三年内和公司董事、监事、经理在任职期间内不得转让所持本公司股份外，股东转让其股份，应当在依法设立的证券交易场所进行，不必向公司重新入资。
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