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

Print Time:2024/11/22 07:30
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Chapter Law Content

Title: Industrial Group Act CH
Category: Ministry of the Interior(內政部)
Chapter 2 Industrial Trade Association
Section Five: Fund
Article 33
The income of an industrial trade association includes the following:
A. Admission fee stipulated in the articles of association of industrial trade association and paid by members when joining.
B. Annual membership dues stipulated in the articles of association of industrial trade association and paid monthly in proportion to capital, producing tools, staff number or products quantity of member factories; in case members purchase clubs, add producing equipment or hold exhibitions, an increased membership due should be charged accordingly with approval of competent authorities.
C. Operating fee collected in accordance with resolutions made in general meetings.
D. Entrusted income.
E. Funds and its interests.
Article 34
Multi-occupation members that join more than two industrial trade associations should pay their membership dues to each industrial trade association in proportion to the capital, producing tools, staff number or products quantity that belong to the relevant trade for which they join in the industrial trade association.
Article 35
Members should periodic report their capital situations, producing tools, staff numbers, products quantity and other important data to the industrial trade association so that their membership dues may be easily and correctly calculated.
Article 36
Each member should at least bear one share of operating fee and no more than 50 shares will not be allowed, when necessary, an increase of membership dues may be charged upon resolutions made in general meetings, the total amount of operating fee and amount of each share are determined at general meetings and reported to competent authorities, and the competent authorities deliver the report to target business competent authorities for approval.
Article 37
The above-mentioned operating fees are not refundable when members withdraw from industrial trade association.
Article 38
The budget and financial statement of industrial trade associations should be compiled in annual reports, submitted to the board of supervisors for check, announced at general meeting for approval and finally submitted to competent authorities for future reference.
Article 39
Enterprises run by industrial trade association should have separate accounts, and the statements of annual financial situations should be submitted to board of supervisors for check, then announced at general meeting and finally submitted to competent authorities for future reference.
Article 40
When industrial trade association dissolved, personnel in charge of the liquidation work are to be appointed in accordance with resolutions made at general meeting; in case of no liquidators are available, the trade associations or stakeholders assume the task of applying for local court to decide the appointment of liquidators.
Article 41
Liquidation of the industrial trade associations and enterprises run by it should be made separately, personnel in charge of the liquidation work are to be elected in the general meetings.
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