Taiwan new Company Act draft bill aims to create better startup environment, corporate governance, and prioritize corporate social responsibility
Taiwan News
Date: 2017/04/28
By: Judy Lin, Taiwan News, Staff Writer
TAIPEI (Taiwan News)—The newly released Company Act (公司法) draft bill by the
A closed company is defined by the Executive Yuan in Taiwan as a private company that is not publicly listed, with less than 50 shareholders, and restricts transfers of shares in its charter.
These types of companies are considered closed limited-liability companies regulated under Chapter 5, Section 13 of the Company Act. [FULL STORY]