Where a company limited by shares is to be changed into a company with limited liability, it shall meet the conditions of a company with limited liability provided for by this Law.

股份有限公司变更为有限责任公司，应当符合本法规定的有限责任公司的条件。

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It differentiated to the limited liability company and the company limited by shares on its applicability, structure of property rights and corporate governance.

其在适用范围、产权机构、公司治理等方面与一般有限责任公司、股份有限公司制度存在着显著的差别。

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Companies limited by shares is a company formed on the basis that liability of its members (shareholders) is limited to the amount (if any) unpaid on shares held by members.

股份有限公司是一种建立在公司成员的责任限定在由成员拥有的股份(或未付)的基础上的公司。

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