Q：
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What is the authority to resolve the adoption of article of association for company limited by shares? And how to proceed it?
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A：
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Resolution of change of article of association at the meeting of shareholders shall be adopted by a majority of the shareholders present who represent two-thirds or more of the total number of its outstanding shares.
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Q：
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What is the required prescribed period to hold a regular shareholder meeting for company limited by shares?
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A：
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The regular shareholder meeting shall be held within 6 years at each end of fiscal year.
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Q：
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How to apply for the succession of shares in the condition of the shareholder died for company limited by shares?
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A：
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In the circumstance that the shareholder of company limited by shares died, the succession can be proceeded in such company by the legal successor directly without submission of succession documents to the competent authority, but if such shareholder with the position of director or supervisor simultaneously, the registration of resignation of such director or supervisor is required.
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Q：
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What is the prescribed period for cessation of transfer of shares?
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A：
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Assignment/transfer of shares shall not be set up as a defense against the issuing company, unless name/title and residence/domicile of the assignee/transferee have been recorded in the shareholders' roster. The entries in the shareholders' roster referred to in the preceding Paragraph shall not be altered within 30 days prior to the convening date of a regular shareholders' meeting, or within 15 days prior to the convening date of a special shareholders' meeting, or within 5 days prior to the target date fixed by the issuing company for distribution of dividends, bonus or other benefits. In the case of a company whose shares are issued to the public, the entries in its shareholders' roster shall not be altered within 60 days prior to the convening date of a regular shareholders' meeting, or within 30 days prior to the convening date of a special shareholders' meeting.
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Q：
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Is it invalid for transfer of shares before proceeding the procedure in the company?
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A：
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The transferred shares is valid with endorsement, but the transferred shares cannot be fight against the company before proceeding the procedure.
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FAQ
