Q：
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What is the close company limited by shares? Why is it necessary to acknowledge this kind of setup?
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A：
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The model of close company limited by shares is usually suitable for few numbers of shareholders and the private issuance of shares. The way of transfer of shares is limited.
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Q：
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Is the multiple special voting rights for one time? Or plural?
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A：
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Upon the issuance of special shares, the obligations of special shares and whether the voting rights is applied to one time or plural or not shall be stated at the articles of incorporation clearly.
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Q：
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Is it possible to set up the price of issuance below TWD1 for a close company without setting up par-value?
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A：
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There is no restriction on close companies without setting up par-value in Company Act.
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Q：
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Is it possible to decrease the capital for individual? Is it necessary to state it on the articles of incorporation? Or made an agreement with shareholders privately? Is it legal?
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A：
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The decrease of capital for a close company limited by shares is not allowed for individual solely.
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Q：
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Is it possible for shareholders who provide his/her capital by labor forces but become disabled to proceed decrease of capital? Or Sales?
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A：
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The decrease of capital shall be proceeded by non-close company and non-public company regulations.
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FAQ
