Forging shareholders' signatures, making false resolutions of shareholders' general meetings and equity transfer agreements, and transferring shareholders' equity are invalid. Even if the industrial and commercial change registration procedures have been completed, the shareholders who have been disposed of can still ask for confirmation of shareholder qualifications and shareholding ratio. The Law Committee of the National People's Congress and the Ministry of Public Security have issued a document to identify the act of forging signatures to transfer shares as the crime of embezzlement. Reply of the Legislative Affairs Committee of NPC Standing Committee on how to deal with the problem of company personnel illegally occupying shareholders' equity by taking advantage of their positions (letterNo. 103 of February 25th, 2004). 12, 2005 from the Law CommissionNo. 105) clearly replied that "according to the provisions of Article 92 of the Criminal Law, shares belong to property. If various illegal means are used to embezzle and occupy shares enjoyed by others according to law, which constitutes a crime, the criminal provisions of the Criminal Law on the crime of illegally infringing on the property of others shall apply. " To sum up, the act of shareholders forging the signatures of other shareholders to transfer shares constitutes the crime of duty embezzlement.