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Laws & Regulations Database of The Republic of China (Taiwan)

Print Time:2024/11/22 07:23
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Chapter Law Content

Title: Commercial Group Act CH
Category: Ministry of the Interior(內政部)
Chapter 2 Commercial Trade Association
Section Five: Fund
Article 33
The income of fund of commercial trade association includes the following:
1. Admission fee paid by members when joining the commercial trade association, which is stipulated in the articles of association.
2. Annual fee in proportion to the members’ level of principal amount with reference to their turnover; the criteria of levels and membership dues are stipulated in the articles of commercial trade association. When members purchase chambers, acquire equipment or hold exhibitions, they should accordingly pay extra membership dues upon the resolutions of the general members’ meeting.
3. Operating fee raised in accordance with the resolutions made in general meeting.
4. Entrusted income.
5. Funds and its interests.
Article 34
Multi-occupation corporations or firms that join more than two commercial trade associations should pay their membership dues to each commercial trade association according to the turnover of each trade in accordance with the articles of relevant commercial trade association.
Article 35
The total operating cost, the amount of each share, and the number of shares to be borne by each member shall be determined in accordance with the resolutions made in the general meeting; the same applies in the event of adjustments to these amounts.
Article 36
The above-mentioned operating fee is not refundable when members withdraw from commercial trade association.
Article 37
The budget, financial statement of commercial trade association should be compiled into a report book and sent to board of supervisor for check, then adopted in general meetings and reported to competent authorities and target business competent authorities respectively for future reference.
Article 38
Enterprises run by commercial trade association should have separate accounts and the financial reports should be sent to the board of supervisors for check yearly, then adopted in general meeting and finally reported to competent authorities and target business competent authorities respectively for future reference.
Article 39
When being dissolved, commercial trade association should carry out liquidation work and the personnel in charge of the liquidation are to be appointed in general meeting; when no personnel can be appointed, the commercial trade association or the stakeholders or the competent authorities should request the local court to appoint the personnel in charge of the liquidation work.
The residual property of commercial trade association after liquidation belong to the newly organized commercial trade association, when no enough members are available to form a new commercial trade association, the residual property goes to the commercial trade association of upper level.
Article 40
The halt of enterprises run by commercial trade association should be adopted in general meeting, after the halt of the enterprises, the rights and obligations are to be borne by the commercial trade association.
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