What are the restrictions on qualification of the promoter of a company limited by shares? (Taipei City Government)
The promoter shall be a person with disposing capacity. Any government or corporation may be a promoter, provided that the corporation eligible to act as a promoter shall be limited to that conforming to any of the following requirements: (1) a company; (2) a corporation which contributes the know-how or intellectual property right created on its own through research and development as its investment capital contribution; or (3) a corporation which is operating a category of business that has been recognized and approved to be in conformity with the objective of its incorporation by the central authority in charge of the end enterprise involved. (Article 128 of Company Act).
