|
Q:
|
How many days before the meeting of the board of directors should be notified?
|
|
A:
|
The convening of the board of directors should specify the reasons and notify the directors and supervisors seven days in advance. But when there is an emergency, you can call it at any time. The notice of the convening may be made electronically with the consent of the counterparty.
|
Q:
|
How to handle when the company’s loss reached half of the paid-in capital?
|
A:
|
When the company's loss reaches half of the paid-in capital, the board of directors shall immediately convene a shareholder meeting to report. When the company’s assets are obviously insufficient to cover its debts, the board of directors shall immediately file for bankruptcy, except for those that can be handled in accordance with Article 282. Director representing the company who violates the preceding two provisions shall be fined between NT$20,000 and NT$100,000.
|
Q:
|
How to handle when one-third of the directors are vacant?
|
A:
|
When one-third of the directors are vacant, the board of directors shall convene an extraordinary general meeting within 30 days for by-election. However, for public companies, the board of directors shall convene an extraordinary general meeting within 60 days for by-election.
|
Q:
|
What is the term of director of company limited?
|
A:
|
The term of director shall not exceed 3 years. But the candidate can be re-elected and serve consecutive terms.
|
Q:
|
Is there any limitation for the number of supervisors of company limited?
|
A:
|
If there are 3 directors, at least on supervisor should be appointed.
|
FAQ
