法定资本制改革的逻辑与抉择

Logic and Choice of Legal Capital System Reform

针对《公司法》的修订及学界对法定资本制改革的认识,试图厘清法定资本制改革认识误区;认为法定最低注册资本限额和实缴登记制的取消并未增加债权人的交易风险,关键在于债权人利益保护规范体系的不健全;探讨了认缴登记制下债权人的利益保护的信用基础,完善债权人利益保护体系应采取的三维建构措施,以及法定资本制改革对争议问题的解决路径。

The statutory minimum limitation of capital and paid- in system played a great role in protecting creditors＇ interest during the incipience of the commercial development. Meanwhile, they also caused a series of problems,such as wasting resource and discouraging investment. The abolition of the statutory minimum limitation of registered capital and paid- in system does not increase the transaction risk of the creditor. The key lies in the imperfection of the creditor benefits protection normative system itself,while the legal capital system reformation promotes the perfecting process of the system. Therefore, if taking a profound analysis on the formation mechanism of statutory capital system reformation, strengthening the information disclosure, improving the company＇s financial accounting system and the corporate personality denial system and other supporting measures are useful for protecting the creditor＇s interests.