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Newly Amended Taiwan Company Act will take effect starting from November 1, 2018



The amendment to the Company Act (the "Amendment") passed the third reading on July 6, 2018 by the Legislative Yuan. It is expected to take effect from November 1, 2018. Besides the articles related to the Money Laundering Control which requires the information of the responsible persons and major shareholders of companies to be uploaded onto the platform designated by the competent authority, companies that wish to adopt the Amendment may amend their Articles of Incorporation immediately after the Amendment takes effect (please refer to attachment for the key issues of the Amendment).
 
If you have any inquiries about the Amendment or the actions in response to the Amendment, please do not hesitate to contact our Corporate and Investment Practice Group.
 
 


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