Taiwan Company- Company Limited by Shares
Q: |
Is it possible to change the resolution of dividends distribution? |
A: |
If such distribution is not finished, it is possible to hold a extraordinary shareholder meeting to change the resolution before the end of fiscal year.
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Q: |
Are the dividends only allowed to distribute once at each fiscal year? |
A: |
The frequency of distribution by a year or a half can be stated on the article of incorporation. |
Q: |
Is it possible to use the legal reserve? |
A: |
One is based on 10% of the net profit after tax for the current period, and the other is based on 10% of the actual distribution of surplus. |
Q: |
Is it possible to use the legal reserve? |
A: |
The legal reserve and paid-up capital reserve are possible to recover the losses of company. |
Q: |
Is it possible to distribute the legal reserve to other ones apart from shareholders? |
A: |
Dividends, legal reserve, and paid-up capital reserve are only allowed to distribute to shareholders. |