授权资本制下的股东的出资义务责任承担

Capital Contributions by Shareholders under the Authorized Capital System

摘要: 2021年12月24日，全国人大法工委公布的《公司法》修改草案第97条、第64条引入了授权资本制，规定董事会经章程或股东会授权后，可做出发行股份的决议，同时为防止旧股东持股比例被稀释，允许章程或股东会对授权期限和授权比例予以一定限制，并在特定情形下将股份发行权赋予股东会。但是股份发行权下放到股东会也带来了一系列的问题，最为突出的是股东如何出资，出资后的监管，新股东认资后保护怎样出资以及出资的形式和出资义务的确定未作明确规定。老股东的未缴纳出资义务以及新增出资义务如何确定也需进一步规范。

Abstract: On December 24 of 2021, Articles 97 and 64 of the Draft Amendment to the Company Law file the formal implementation of the authorized capital system in China, stipulating that the board of directors may make a resolution to issue shares with the permission of the articles of association or after the authorization of the shareholders’ meeting, and at the same time, in order to prevent the dilution of the equity holding ratio of old shareholders, the articles of association or shareholders of the company are allowed to impose necessary restrictions on the authorization period or authorization ratio, and stipulate that the shareholders’ meeting has the right to issue shares under certain circumstances. However, the delegation of the right to issue shares to shareholders’ meetings has also brought a series of problems, the most prominent of which is how shareholders contribute, the supervision after capital contribution, the form of capital contribution and capital contribution obligations, and the protection of creditors. The unpaid capital contribution obligations of old shareholders and how to determine the new capital contribution obligations also need to be further reg-ulated.