Q:
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If a limited company decided to increase the capital, it should consent by how many shareholders?
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A:
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Increase the amount of capital of a limited company, it should obtain the consent of more than half of the voting shares of all shareholders before the increase of capital.
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Q:
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Can a limited company transfer to the company limited by shares?
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A:
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Yes, but it shall obtain the consent of all shareholders before the company change to a company limited by shares.
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Q:
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If the director of the limited company is more than 1 person, should the limited company appoint one of the directors to become the chairman?
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A:
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If the director of the limited company is more than 1 person, it is recommended that the directors shall elect one of them as the representative of the company. If not, all the directors will be the company representatives.
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Q:
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Can a limited company apply for a temporary suspension of business?
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A:
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Yes, the company that would like to suspend their business temporarily, should submit the application within 15 days before and after the business suspended. Each application will valid for one year, the period will state in the application form.
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Q:
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If shareholders of a limited company would like to cancel their company, however, there is rejection from the shareholders, what is the solution?
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A:
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Basically, the dissolution of the company requires the approval of all shareholders, but if the company has stopped their business for more than 6 months, the shareholders can apply to the competent authority to order the company to dissolve in accordance with Article 10 of the Company Act, or they could go to the court and request to dissolve the company in accordance with Article 11 of the Company Act.
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