17 April, 2018
On February 1 2018, the MOEA issued a letter ruling stating that while Article 156 of the Company Act provides that the capital of a company limited by shares shall be divided into shares and each share shall have the same par value.
It does not prohibit issuing the shares at the par value of a figure less than one dollar.
Hence, the MOEA retracked its own ruling in 1992 that requires the par value of shares be one dollar, two dollars or three dollars, etc.
For further information, please contact:
Alex Cheng, Tsar & Tsai Law Firm
law@tsartsai.com.tw
