Q:
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If there is only one legal person for a company limited, who should be responsible for creating the article of association?
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A:
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If a company limited is formed by a single legal person shareholder, when the company is established, its articles of association should be drawn up by this legal person.
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Q:
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Do all company limited must issue stock?
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A:
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According to Company Act, if the company’s capital has reached the announced threshold by the government (the current amount is over NT$500 Million), then it must issue stocks.
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Q:
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Can non-public companies issue stocks?
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A:
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Yes. If a non-public company would like to issue stock, it must be marked clearly in the article of association.
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Q:
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How to handle the change of number of company directors or supervisors?
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A:
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The number of company directors and supervisors should be marked clearly in the article of association, therefore, if the number has been changed, the company should commence a shareholder meeting to revise the article of association.
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Q:
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Can shareholders decide the items of special shares by themselves? Should it be included in the article of association?
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A:
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According to the Company Act Article 356-7, when a company issues special shares, the rights and duties should be stated in the article of association.
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FAQ
