【正文】 nd　　(7) the name of underwriting institution and relevant agreements.　　Where a sponsor is engaged in accordance with the provisions of this Law, the instrument of sponsorship for issuance produced by such sponsor shall also be furnished.　　Article 15 The funds raised from public issuance of shares by a pany must be used in conformity with the stated purposes in the prospectus. Any diversion of the purposes of the raised funds stated in the prospectus shall be subject to resolution adopted by the shareholders general assembly. Where a diversion is made in the stated purposes without approval, which is not rectified or is not reconciled by the shareholders general assembly, the pany shall not be permitted to make any subsequent public issuance of new shares.　　Article 16 Where a pany publicly issues corporate bonds, it shall meet the following conditions:　　(1) In the case of a pany limited by shares, its net asset value is not less than RMB30 million yuan。　　(2) The aggregated outstanding balance of the pany’s corporate bonds does not exceed 40% of its net asset value。　　(4) The intended use of the funds raised is in conformity with the industrial policies of the State。 and　　(6) Such other conditions as may be so prescribed by the State Council.　　The funds raised from public issuance of corporate bonds must be used for the purposes approved, and shall not be used to make up losses or to cover the costs for nonproductive purposes.　　Where a listed pany issues corporate bonds convertible into shares, in addition to the conditions provided for in the first paragraph of this Article, it shall also meet the conditions for the public issuance of shares under this Law, and it shall submit an application to the securities regulatory authority under the State Council for examination and approval.　　Article 17　To apply for public issuance of corporate bonds, a pany shall submit the following documents to the department authorized by the State Council or the securities regulatory authority under the State Council:　　(1) the business license of the pany。　　(3) the method for raising funds through issuance of corporate bonds。 and　　(5) such other documents as may be so prescribed by the department authorized by the State Council or the securities regulatory authority under the State Council.　　Where a pany engages a sponsor in accordance with the provisions of this Law, it shall also submit the instrument of sponsorship for issuance produced by such sponsor.　　Article 18　Under any one of the following circumstances, no subsequent public issuance of corporate bonds shall be permitted:　　(1) The amount of funds to be raised in the preceding public offering of corporate bonds has not been fully raised。 and　　(3) The stated purposes of use of the funds raised from public issuance of corporate bonds are diverted in violation of the provisions of this Law.　　Article 19 The ways of preparing and presenting the application documentations for issuers applying for examination and approval of securities issuance pursuant to law shall be prescribed by the authorities or departments responsible for such examination and approval pursuant to law.　　Article 20 The application documents of securities issuance submitted by an issuer to the securities regulatory authority under the State Council or the department authorized by the State Council must be truthful, accurate and plete.　　The securities service institutions and their staff members that certify relevant instruments to endorse securities issuance must strictly perform their statutory duties and guarantee the truthfulness, accuracy and pleteness of the instruments so certified.　　Article 21　Where an issuer applies for public issuance of shares for the first time, it shall make a preliminary disclosure of the relevant documents pursuant to the rules of the securities regulatory authority under the State Council after submitting its application documents.　　Article 22　The securities regulatory authority under the State Council shall establish an issuance examination mission which shall, pursuant to law, examine the applications for share issuance.　　The issuance examination mission shall be posed of professionals from the securities regulatory authority under the State Council and specialists engaged from outside, who shall decide by vote on an application for share issuance and offer their opinions after examination.　　The specific measures for the formation of the issuance examination mission, the term of office of its members and its operational procedures shall be prescribed by the securities regulatory authority under the State Council.　　Article 23 The securities regulatory authority under the State Council shall be in charge of the examination and approval process in respect of the applications for share issuance in accordance with the statutory conditions. The procedures for examination and approval shall be made public and supervised pursuant to law.　　The persons involved in the examination and approval process in respect of share issuance applications shall not have any interests to share with the applicants, shall not directly or indirectly accept any gifts from the applicants, shall not hold any shares issued by the applicants whose applications have been examined and approved by them, and shall not have any contact with the applicants in private.　　The department authorized by the State Council shall examine and grant the applications for issuance of corporate bonds on the basis of the provisions of the two preceding paragraphs.　　Article 24 The securities regulatory authority under the State Council or the department authorized by the State Council shall, within three months from the date of acceptance of application documents for securities issuance, decide in accordance with the statutory conditions and procedures whether to grant or not to grant approval. The time used by an issuer to supplement or to revise the