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Rules Governing Certification of Corporate Stock and Bond Issues by Public Companies(2002.03.08) |
| Date： |
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Article 4
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The certification of securities shall be processed as follows:
1.The certification period for a certification institution processing the new issuance of securities shall not exceed five days starting from the date of consignment. In addition, before proceeding with the certification, review and a record shall be made of the corporate registration chart (or corporate registration card), and of the content, paper quality, company specimen chop, serial number, par value, volume, and total issuance amount of the securities in question.
2.The certification institution shall separately send a copy of the specimen chop and the certified stock certificate to the Ministry of Economic Affairs and the municipal government directly under the jurisdiction of the Executive Yuan in the municipality where the company is located. Where the securities are traded on a centralized exchange, a copy shall be sent to the stock exchange for distribution by it to all securities firms. where they are traded over-the-counter, a copy shall be sent to the ROC Over-the-Counter Securities Exchange ("ROSE") for distribution by it to securities firms which have received approval to engage in over-the-counter trading, and shall be kept available at such securities firms. Where the securities are corporate bonds, the stock exchange and ROSE are not required to distribute the copies to the securities firms.
3.The total volume of securities certificates that are certified shall be no more than the volume of securities that have been actually issued and paid for and also within the total issuance volume approved by the Competent Authority.
4.Where application is made for the certification of replacement certificates of publicly issued securities, the applicant shall first obtain a court judgment declaring the original securities certificate void.
5.Securities that are issued within one offering shall be certified by a single certification institution.
6. When performing certification of shares held by promoters, the certification institution shall check whether the shares bear a full and accurate statement that the shares shall not be transferred within one year after incorporation pursuant to Article 163 of the Company Law; provided this restriction shall not apply where it is otherwise provided by law or regulation that the shares shall not be subject to the restriction on transfer.
Where replacement securities must be issued because of merger, consolidation, split, or other reason, the certification institution shall verify that the securities have been voided by clipping before carrying out certification of the new securities.
Where a company buys back or redeems securities and cancels them, it shall void them by clipping after carrying out amendment registration procedures, and file a report with the original certification institution.
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Article 5
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Where securities deemed as publicly issued under Article 24 of the Securities and Exchange Law and securities undergoing the supplemental public issuance procedure pursuant to Paragraph 1 of Article 42 have not been certified pursuant to these Rules, the company shall carry out supplemental certification procedures. The securities may not be consigned for trading nor provided for settlement until such supplemental certification has been completed.
A company carrying out supplemental certification under the preceding paragraph shall notify each shareholder of such supplemental certification and publicly announce it.
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