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Corporate Service - Taiwan

Question

Taiwan Company- Company Act

Answer
Q:
Is it possible for the managerial officer of head office to act as branch’s simultaneously?
A:
Yes, it is

Q:
Is it possible to appoint a foundation to be the promoter or shareholder?
A:
The shareholder is limited as natural person and juridical person. Foundation is not counted as juridical person, so it is not qualified as shareholder.

Q:
What is the limitation of share transfer for shareholders or promoters?
A:
No limitation. The shares can be transferred by shareholder’s own will.

Q:
What is tentative resolution?
A: In the condition that the attended shareholders are insufficient as the quotes enacted at the article 174th in Company Act, a majority vote of shareholder present, who represent more than one-third of the total number of voting share, to adopt a resolution. Such resolution is so-called tentative resolution.

Q:
Who is the subject to notify for tentative resolution?
A: Upon the adoption of tentative resolution, the shareholders who presented the 1st meeting shall be the subjects to notify after 2 months from the meeting.

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