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Q:
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What are the responsibilities of the supervisor of a company limited?
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A:
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The duty of the supervisor of a company limited is to supervise the execution of the company’s business and audit the company’s accounting, which independence is particularly important.
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Q:
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What does “supervise the execution of the company’s business” refer to?
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A:
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The supervisor should supervise the execution of the company’s business and check the company’s business and financial condition spontaneously. The supervisor should check documents for bookkeeping and request reports from the board or the manager. The supervisor should handle the mentioned duties on behalf of the company and entrust a lawyer or an accountant for audit.
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Q:
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Can the supervisor of a company limited be the shareholder or manager at the same time?
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A:
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No. The supervisor should not act as a shareholder, manager or staff.
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Q:
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How to nominate a supervisor?
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A:
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The supervisor should be appointed through the shareholders’ meeting.
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Q:
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Is the change of shares of company limited shareholders (non-directors or supervisors) must be registered?
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A:
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The transfer of shares between company shareholders (non-directors or supervisors) is required to update the company’s shareholder register only (commonly known as transfer) in accordance with the Company Act Article 165 Paragraph 1. It is not required to declare or apply to the government authority.
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FAQ
