Article NO. Content

Title:

Company Act 

Amended Date: 2021.12.29 
Article 67     A shareholder may, by unanimous agreement of all other shareholders, be expelled under any of the following circumstances:
  1. Inability to contribute the capital which should have been contributed or failure to do so despite repeated demand;
  2. Violation of the provisions of Article 54 Paragraph 1;
  3. Improper conduct detrimental to the interest of the company; and
  4. Failure to attend to important duties of the company; however, such expulsion shall not be valid in respect of such a shareholder until after due notice has been given.

Relevant Laws: