Q：
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What items must be included in the Articles of Association?
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A：
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The Articles of Association for a limited company in Taiwan must specify the following items:
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The company name.
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The business operations to be undertaken.
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The name of the shareholders.
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The total amount of capital and the contribution of each shareholder.
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The ratio or standard for the distribution of profits and losses.
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The company location.
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The number of directors.
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The reasons for dissolution, if any, are specified.
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The year, month, and day of the Articles of Association were established.
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Q：
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Can the Articles of Association of a limited company in Taiwan be amended with the unanimous consent of the directors only?
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A：
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No. It requires the unanimous consent of all shareholders.
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Q：
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What penalties will a company face if it fails to prepare its Articles of Association?
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A：
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Directors representing the company who fail to prepare the required Articles of Association for the company will be fined between NT$10,000 and NT$50,000. For subsequent refusals to prepare, they will be fined between NT$20,000 and NT$ 100,000 for each offense.
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Q：
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Can a limited company’s Articles of Association be amended with the consent of the directors only?
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A：
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No. Amendments to the Articles of Association, mergers, and dissolutions must be approved by more than two-thirds of the shareholders ‘voting rights.
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Q：
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What is the maximum number of executive directors a company can appoint?
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A：
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A company must appoint at least one director to conduct its business and represent the company but can appoint up to three directors. These appointments must be approved by more than two-thirds of the shareholders’ voting rights, and the directors must be selected from among the shareholders who are legally capable of acting.
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FAQ
