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New Career Law Firm  -- > Newsletter of NCLF


    ◆ The 18th meeting of the Standing Committee of the 10th National People’s Congress decided to accept < Anti-corruption Treaty of the United Nations >which was adopted at the 58th conference of the United Nations on October 31, 2003, and in the meantime, declared that: the People’s Republic of China would not be bound by Article 66, Section 2 of the < Anti-corruption Treaty of the United Nations >. 
    
    ◆ Amendment to the < Individual Income Tax Law of the People’s Republic of China>has been adopted at the 18th meeting of the Standing Committee of the 10th National People’s Congress on October 27, 2005, and effective as of January 1st, 2006. The minimum Individual income tax is 1600 yuan. 

    ◆ has been adopted at the 18th meeting of the Standing Committee of the 10th National People’s Congress on October 27, 2005, and effective as of January 1st, 2006. It will promote the management of security market. 

    ◆ has been adopted at the 18th meeting of the Standing Committee of the 10th National People’s Congress on October 27,2005, and effective as of January 1st,2006.The Company Law provides the new registered-capital-demand(very low compared with before)、a company invested by one person、how to safeguard lawful rights and interests of shareholders better and so on. And this amendment was adopted at the same time as the Security Law,so it can promote the supervision of the stock certificate company. 

    ◆ < Exemption from Judicial Coercive Measures for Foreign Central Bank‘s Property Law of the People’s Republic of China > has been adopted at the 18th meeting of the Standing Committee of the 10th National People’s Congress on October 27,2005, and enter into force from the date of its promulgation. 

    ◆ has been adopted at the 17th meeting of the Standing Committee of the 10th National People’s Congress on August, 28, 2005, and effective as of March 1st, 2006.

 

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