Q：
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Is it possible for proceeding capital decrease by provisional motion?
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A：
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No, it is not possible to proceed capital decrease by provisional motion.
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Q：
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How to deal with the outstanding debts incapable to pay or going bankruptcy after increase or decrease of capital in accordance with item 2nd in Company Act? Would the penalty be occurred for ignorance?
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A：
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The director should declare bankruptcy immediately. If the director ignores or does not declare will be fined from TWD 20,000 to TWD100,000 in accordance with the item 3rd in Company Act.
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Q：
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What if the resolution of issuance of new shares TWD 1,000,000 is adopted by the board of directors of a company limited by shares, but the subscribed number of shares is TWD 990,000 from the basis date of increase?
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A：
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The company should hold a director meeting again and resolves the final number of issued shares and basis date. The fact shall be accredited to a certified accountant to verify.
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Q：
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Is it possible to apply for the change of registration for capital increase first and decrease later jointly? How long would it take?
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A：
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From the basis date of capital decrease within 15 days for application to avoid penalty. In the condition of the basis date for capital increase and decrease under 15 days, it is possible to apply for jointly.
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Q：
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Is it possible to refund the property apart from cashes after the decrease of capital?
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A：
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The number of shares shall be refunded in cashes only. The refunded properties to offset are required to be resolved by the board of shareholders (unanimous consents are required for company limited) and verified by a certified accountant.
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FAQ
