|
Article 26
|
In the event of violation of the requirements under the second paragraph of Article 8 by a TWSE listed company, the TWSE shall impose a penalty of NT$100,000 on the company, and require it to hold a by-election within 60 days from the date of notification by the TWSE.
If the TWSE listed company fails to hold a by-election for independent directors by the deadline set forth in the preceding paragraph, the TWSE may classify the company's TWSE listed securities as "securities under an altered trading method."If a by-election is not held within three months from the date when the trading method is altered, the TWSE may suspend the trading of the TWSE listed securities and report the suspension to the competent authority for recordation. If a by-election is not held within six months from the suspension of trading, the TWSE may delist the company's securities report the delisting to the competent authority for recordation.
|
|
Article 27
|
In the event of a TWSE listed company's violation of the requirements under Article 6, the first or third paragraph of Article 8, the first paragraph of Article 9, Articles 10, Article 12, the third paragraph of Article 14, the second to third paragraphs of Article 15, Articles 16 to 18, the third paragraph of Article 20 or Articles 21 to 25, the TWSE may impose a penalty of NT$30,000 on the company and require it to make the correction within a specified period of time. Failure to make the correction within the specified period of time will subject the company to a penalty of NT$10,000 for each business day until it has made the correction. The TWSE may impose a penalty of no less than NT$50,000 and no more than NT$5,000,000 and request the TWSE listed company to discipline the personnel in breach of duty if the violation is committed out of willful misconduct or gross negligence, or results in a material impact on shareholder equity or securities prices.
|