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Chapter Content

Title：

Company Act  CH

Amended Date： 2021.12.29 
Article Content Chapter Content Search Article No. Search Subordinate Legislation Amended Article Legislative History Chinese 
   CHAPTER IX Supplemental Provisions
      Section 1.Formation
Article 40    An unlimited company shall have two or more shareholders, and at least one half of them shall each have a domicile within the territory of the Republic of China.
    The shareholders of a company shall, by unanimous agreement, draw up the articles of incorporation for the company and shall affix their respective signatures or personal seals thereon. The Articles of Incorporation shall be kept by the company, and one duplicate thereof shall be held by each shareholder respectively.
Article 41    The Articles of Incorporation of an unlimited company shall contain the following particulars:
  1. The name of the company;
  2. The scope of business to be conducted;
  3. The name, domicile or residence of each shareholder;
  4. The total amount of capital stock and the equity capital contributed by each shareholder;
  5. The form, quantity, value or appraisal standards of the value of the property other than cash contributed as equity capital by shareholders, if any;
  6. The ratio or standards for profit distribution and loss apportionment among shareholders;
  7. The location of the head office and the branch office(s), if any;
  8. The name of the shareholder designated to represent the company, if any;
  9. The name of the shareholder(s) who is (are) designated to conduct the business operations of the company, if any;
  10. The cause of dissolution of the company, if defined; and
  11. The date of execution of the Articles of Incorporation.
    In case the Articles of Incorporation is not made available at the head office of a company, the shareholder who is designated to represent the company shall be imposed with a fine in an amount not less than NT$ 10,000 but not more than NT$ 50,000. For consecutive refusals to prepare and made available of the Articles of Incorporation, a fine in an amount not less than NT$ 20,000 but not more than NT$ 100,000 shall be imposed each time of such consecutive violation.