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Article 133
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The promoters, when publicly soliciting subscriptions to shares, shall first have the following documents and information prepared, and then file the same along with an application to the authority in charge of securities exchange for examination and approval:
- Business plan;
- Full names and resumes of the promoters, and the number of shares subscribed, and the kind of contribution;
- Prospectus;
- Names and locations of banks or post offices authorized to collect payment for shares subscribed;
- Names of underwriters or agents, if any, and the covenants between the promoters and such underwriters or agents; and
- Other matters as may be prescribed by the authority in charge of securities exchange.
The total number of shares subscribed by the aforesaid promoters shall not be less than one-fourth of the total number of shares in the first issue.
Within thirty days after receiving a notice from the authority in charge of securities exchange, all documents and information specified in various items of Paragraph 1 of this Article shall be annotated with the reference number and date of the approval letter and publicly announced provided, however, that the covenants referred to in Item 5 of the Paragraph 1 may be exempt from public announcement.
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