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September 2005 Issue

Bulletin

AMENDMENT TO THE COMPANY ACT

On May 27, 2005, the Legislative Yuan passed a proposed amendment to the Company Act and on 22 June 2005, the amendment was officially promulgated by the President. The amendment, aimed to enhance corporate governance, is summarized as follows:The business scope of a company must be registered in accordance with the business item coding system:The competent authorities have implemented a business item coding system since Janu ... More

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