Taipei Times
Date: Jun 30, 2018
By: Sean Lin / Staff reporter
Lawmakers yesterday agreed to advance a slew of proposed adjustments to the
![](https://i1.wp.com/www.eyeontaiwan.com/wp-content/uploads/2018/06/P03-180630-pic3.jpg?resize=375%2C249&ssl=1)
Staff test microphones, speakers and other equipment in the legislative chamber at the Legislative Yuan in Taipei yesterday before legislators were due to vote on a draft amendment to the Company Act. Photo: George Tsorng, Taipei Times
Company Act (公司法) to a second reading, but failed to reach a consensus on 22 disputed draft amendments.
One of the disputed draft bills proposes that if the information provided for the establishment or registration of a company is found to be falsified, the Ministry of Economic Affairs could revoke the registration.
It initially included the proviso: “Exemptions apply where revocation of registration could severely hurt the rights of a company’s shareholders or creditors.”
Despite the proviso being removed following a round of cross-caucus negotiations on Wednesday, legislators yesterday resolved to set it aside to allow time for caucuses to propose their versions of the draft amendment, which would be voted on during a plenary session on Friday next week. [FULL STORY]