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China legal tool Corporate & startup National framework
Interactive China legal orientation tool. Review the result with the relevant legal guide and qualified counsel where facts or local implementation matter.
2024 Company Law strengthens reporting/approval and corporate-opportunity duties. Article 183 has two statutory routes: informed approval under the articles, or legal/regulatory/articles-based inability of the company to use the opportunity. Article 185 requires related directors to abstain; if fewer than three disinterested directors attend, the matter goes to the shareholders. Approval does not excuse fraud or concealment.
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