论我国公司资本制度的困惑与出路

Confusion over the Corporate Capital System in China and the Way out of It

我国现行公司资本制度之所以未有效保护债权人利益,皆因在“实体规则程序化”背景下,验资制度、公司与股东人格分离制度和会计制度得不到有效遵循所致。那种认为法定资本制抬高了公司的设立门槛、增加了公司设立成本的观点,实质上是一个伪命题。我国公司资本制度的出路在于健全公司治理结构、会计制度和验资制度,为法定资本制功能的正常发挥铺平道路。只有将来社会信用机制以及保障债权人合法利益的其他制度健全的情况下,才可以实施比较灵活的折衷授权资本制度或者授权资本制度。

The current corporate capital system in China cannot efficiently protect the interest of creditors, because rules and regulations concerning capital assessment, the separation of company and shareholders and accounting are not properly obeyed. The idea that the statutory capital system has increased both the difficulty and the cost for the establishment of companies is actually a pseudo proposition. The right way for the Chinese corporate capital system is to perfect the management structure, the accounting system and capital assessment system, so as to pave a way for the normal exertion of the functions of the statutory capital system. Only in a future society where the credit mechanism is perfect and the legal interest of creditors is guaranteed can a relatively flexible authorized capital system be implemented.