Four natural persons Mr A, Mr B, Mr C and Mr D entered into an incorporation agreement to establish a limited liability company with a registered capital of RMB 400,000 yuan. Among other things, the incorporation agreement provided for the following matters regarding to the proposed company:(a) Mr A, Mr B and Mr C would contribute their capital with cash of RMB 100,000 yuan, RMB 100,000 yuan and RMB 50,000 yuan respectively. Mr D would make his capital contribution in the form of technology with a value of RMB 150,000 yuan. He has already applied for a patent for his technology with the Administration of Intellectual Property, but he has not yet been granted the patent. The value of RMB 150,000 yuan was estimated by Mr D himself and was accepted by Mr A, Mr B and Mr C. (3 marks)(b) The proposed company would set up an executive director, instead of a board of directors. Mr A was appointed as the executive director and would be the legal representative of the company. (3 marks)(c) Mr B would be the chief finance officer and the supervisor of the company. (2 marks)(d) In order to expand the scale of business, the company would issue the corporate bonds of RMB 2,000,000 yuan within one year after its incorporation. (2 marks)Required:Discuss whether the matters (a), (b) and (c) of the above agreement were in conformity with the relevant rules of the Company Law, and whether the matter (d) of the above agreement was in conformity with the relevant rule of the Securities Law of China.Note: the mark allocation is shown against each of the four matters above. (10 marks)
