Legal basis: Regulations of People's Republic of China (PRC) Municipality on the Administration of Registration of Enterprise Legal Persons.
Article 11 The legal representative of an enterprise as a legal person approved and registered by the registration authority is the signatory who exercises power on behalf of the enterprise. The signature of the legal representative shall be filed with the registration authority.
Article 12 The registered capital refers to the amount of property that the state authorizes an enterprise as a legal person to operate and manage or the property owned by an enterprise as a legal person.
Where an enterprise as a legal person applies for industrial and commercial registration and the amount of funds applied for registration is inconsistent with the actual amount of funds, it shall be handled in accordance with the special provisions of the state.
Article 13 The business scope of an enterprise as a legal person shall be suitable for its capital, site, equipment, employees and technical force; According to the relevant provisions of the state, priority can be given to the development of one industry and other industries. An enterprise as a legal person shall engage in business activities within the approved and registered business scope.