"Charity Law of the Republic" and "Foundation Management Regulations" stipulate:
- Foundations referred to in the Regulations,refers to the use of natural persons、Property donated by legal persons or other organizations,For the purpose of engaging in public welfare undertakings,A non-profit legal person established in accordance with the provisions of these Regulations。
- Things to register when establishing a foundation include::name、address、type、purpose、Business scope of public welfare activities、Original fund amount and legal representative。
- The foundation has a board of directors,Directors range from 5 to 25 people,The term of directors is specified in the articles of association,However, each term shall not exceed 5 years。Director's term expires,Can be re-elected。Non-public foundation established with private property,Foundation directors who are closely related to each other,The total number shall not exceed 1/3 of the total number of directors;Other foundations,Close relatives are not allowed to serve on the board of directors at the same time。
Directors receiving remuneration from the foundation shall not exceed 1/3 of the total number of directors。The board of directors has a chairman、Vice Chairman,elected from among the directors,The chairman is the legal representative of the foundation。4.The Board of Directors holds at least 2 meetings per year。A board meeting can only be held if more than 2/3 of the directors are present.;Resolutions of the board of directors must be approved by more than half of the directors present to be effective.。
Resolutions on the following important matters,Subject to vote of directors present,2/3The above is valid only if it passes:
- Amendments to the Articles of Association;
- Elect or remove the chairman、Vice Chairman
- Major fundraising specified in the charter、investment activities;
- Split of the Foundation、merge。Minutes of board meetings should be kept,and reviewed by the attending directors、sign。
- The foundation has supervisors。The term of office of supervisors is the same as that of directors.。
director、Close relatives of directors and foundation financial personnel are not allowed to concurrently serve as supervisors。Supervisors inspect the foundation’s financial and accounting information in accordance with the procedures stipulated in the articles of association,Oversee the Board’s compliance with laws and charters。Supervisors attend board of directors meetings,Have the right to make inquiries and suggestions to the Board of Directors,and should report to the registration management、Business supervisory unit and taxation、Report from the accounting department。6.Foundation Chairman、The Vice Chairman shall not be concurrently held by current national staff.。
Legal representative of the foundation,Not allowed to serve as the legal representative of other organizations at the same time。Legal representative of public foundations and non-public foundations with original funds from mainland China,Should be held by mainland residents。
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Foundation as a non-profit organization,Funds should be allocated strictly in accordance with the proportions stipulated by laws and regulations,It shall not be used as a tool for illegally amassing money and making profits.;Foundation members are made up of:Chairman、Vice Chairman、director、Secretary Su、Supervisors and other members,All decisions of the company are subject to a vote by the board of directors,and keep meeting minutes;Guangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services,Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant。
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