close
Share with your friends

Taiwan: Changes to law governing companies

Taiwan: Changes to law governing companies

Revisions to the law governing companies in Taiwan were passed by the Legislative Yuan earlier this year.

1000

Related content

Before the new legislation, the Company Act had not been substantially revised since 2001. The changes were determined to be needed as a response to certain economic developments.

Among the measures included in the new law are items that:

  • Introduce a "no par value" share system for non-public companies
  • Increase the types of "preference shares"
  • Relax the restrictions on corporate bond issuance amount
  • Relax the issuance of "convertible corporate bonds and corporate bonds with stock options"
  • Provide certain corporate governance measures, including provisions affecting directors and boards 
  • Repeal the recognition regime for foreign companies

 

Read an October 2018 report [PDF 291 KB] prepared by the KPMG member firm in Taiwan

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal