The defective incorporation is very common in the practice of company law and influences the rights of the benefits related,therefore,all countries or regions should use ante-method or post-method to make regulations about the defective incorporation.Because property right fault and vagueness result in credit shortage,low efficiency and power seeking rent of real examination system, and the spreading and deepening of opportunism,because limited responsibility of shareholders leads to reversal selection and moral risk and because the mechanism design of the game of multiple benefi- ting parties can not realize incentive compatibility and deviate from company system evolution path, ante-regulation can not effectively control the defective incorporation.In order to control the defec- tive incorporation,not only company access management should be loosened and information disclo- sing system should be perfected,but also property right system should be perfected and the atmos- phere of soci...