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FAQ for the Taiwan Business Tax 27

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Q:
Could the Company Limited by Shares reincorporated into Limited Company?
A:
No, the Company Limited by Shares could not be reincorporated into Limited Company.

Q:
A minority of the shareholder does not actually contribute the capital, how could be expelled if there is a dispute?
A:
The company shareholder that registered are counted as the shareholder of the company, even the shareholder does not actually contribute to the capital. Since there is no regulation about expelling shareholders of Limited Company and Company Limited by Shares in the Taiwan Company Act, therefore, if the shareholder does not continue to act as the shareholder, they should handle the procedure of the share transfer.

Q:
Is there any restriction for the increment of the capital or the issuance of new shares of the Company Limited by Shares?
A:
If the shares issued previously does not issue completely, the Company Limited by Shares could not increase the capital and issue new shares.

Q:
How to appoint the managerial personnel of the Company Limited by Shares?
A:
For the Company Limited by Shares, it shall be decided by a resolution to be adopted by a majority vote of the directors at a meeting of the board of directors, attended by at least a majority of the entire directors of the company.

Q:
After the company established, if the company is not satisfied with the uniform invoice number, could they apply for the changing of uniform invoice number?
A: Yes, the company could apply the changing of uniform invoice number at the company registration authority, however, it could only apply the change for once.

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