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Chapter Law Content

Chapter Ⅳ Supervision
Article 47
Punishment in accordance with Article 60 of the act should be informed in written form by return receipt mail.
Article 48
According to Article 60 of the act, if the member representatives of group members that are in punishment of membership suspension have been elected directors or supervisors, they are to be dismmissed immediately since the day of membership suspension, and the vacancies are to be filled by backup directors or supervisors.
Article 49
If the competent authorities decides punishment concerning affairs of purpose enterprise in accordance with Article 63, it should first get agreement from the relevant purpose enterprise competent authorities; and the purpose enterprise competent authorities should carry out punishment subject to relevant articles of the purpose enterprise in accordance with subparagraph D of article 63 with approval from competent authorities.