What Are Registered Shares?

The registration of a joint-stock company is the filing of a formal application by the founder of a joint-stock company to the State Administration for Industry and Commerce on the formal application for the establishment of a company after all the preparations for the establishment of the company and the realization of the equity capital indicators. Once the Administration for Industry and Commerce agrees to accept the registration of a joint-stock company, it issues a company's business license. When a joint stock company obtains a business license, it marks the establishment of a legal person and begins to have the right and ability to act. ^[1]