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Q:
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Can company funds be loaned to others?
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A:
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In principle, it is not possible, however it can be done in the following circumstances:
There are business contacts between companies or firms.
There is a need for short-term financing between companies or firms. The amount of financing shall not exceed 40% of the net worth of the loaned enterprise.
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Q:
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Can the amount per share be different for the shares issued by a company limited?
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A:
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No, the amount per share should be the same.
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Q:
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What are the types of shareholder meetings? Is there any penalty if it is not held?
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A:
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The regular shareholder meeting shall be held at least once a year.
An interim shareholder meeting shall be held when necessary. The regular shareholder meeting mentioned in item 1 shall be held within 6 months after the end of each fiscal year. However, those who have a legitimate cause and have been submitted to the authority for approval are not restricted. If the director representing the company violates the provisions of the time limit, a fine of NT$10,000 to NT$50,000 will be imposed.
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Q:
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Can the board meeting minutes written in English?
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A:
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No, the minutes should be written in Chinese.
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Q:
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What are the items that should be included in the article of association?
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A:
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1. Company name
2. Scope of business
3. Total number of shares and amount per share
4. Location of company
5. Number and term of directors and supervisors
6. Date of the establishment of article of association
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FAQ
