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On 14 March 2001, the Ministry of Economic Affairs (MOEA) announced the following three requirements, effective 1 May 2001, regarding the supporting documents to be attached to ap-plications for amending company registration details.
Article 221 of the Company Law allows company supervisors to exercise their power of supervision individually. As the Company Law does not provide for the establishment of a "board of supervisors", a supervisor who attends a meeting of a board of directors has no right to vote on resolutions, and the meet-ing should still be referred to as a "Meeting of the Board of Directors".
If a company limited by shares applies to amend any detail of its company registration, the title of the minutes submitted along with such an application should be changed from "joint meeting of directors and supervisors" to a "meeting of the board of directors".
Article 183, Paragraph 2 of the Company Law requires minutes to record the date, venue, name of chairperson and method of adopting resolution, and also the main propose and re-sults of the meeting. Therefore, where a com-pany limited by shares applies to amend any details of its registration, the minutes, of a shareholders' meeting or a meeting of the board of directors must be attached to such an application, and should state the results of resolutions and the detailed method by which such resolutions were adopted.
