Newsletter
Adoption of Flexible Par Vale of Shares
To encourage the establishment of new start-up companies, the Financial Supervisory Commission issued a directive (Ref. No. 1020051039) on 23 December 2013 to amend certain provisions of the Regulations Governing the Administration of Shareholder Services of Public Companies, which used to require public companies to fix the par value of their new shares at NT$10 per share ("Restriction"). With reference to Paragraph 1, Article 156 of the Company Act, the amendments are to abolish the Restriction and to permit public companies to freely decide the par value of new shares only that each such share should have the same par value. As a result, a public company may freely decide the par value of the new shares to be issued.