ABSTRACT

The 1904 Company Law was the product of the Imperial Law Codification Commission whose work reflected a reformist period which saw the adoption of Western legal ideas as important to the economic development of China and the abolition of the hated system of the extraterritorial application of Western laws in China. After the defeat of the warlords and the establishment of the government of the Republic of China in Nanjing in 1928, a new company law was subsequently enacted by the Nationalists in 1929. With the end of the Second World War a New Company Law was enacted in 1946. The 1946 Company Law was repealed and in 1950 new regulations were introduced for the nationalization or collectivization of all organizations. The Company Law of the People’s Republic of China was enacted in December 1993 and came into force in mid 1994.