Obligations for Companies Applying for GISA Registering

Receiving public integrative counseling prior to and after registering

Applying companies should receive TPEx’s public integrative counseling prior to and after being registered on GISA.


Information disclosures are required after GISA registering

  1. Annual filings:information about shareholders' meeting (please refer to Company Act Article 20, 170, 183, and 172) and financial statements.
  2. Quarterly filings:raised capital utilization reports.
  3. Occasional filings:material information disclosures: (please refer to Securities and Exchange Act Enforcement Rules Article 7)
    1. The dishonoring of negotiable instruments due to insufficient deposit, the refusal to transact by banking services, or other events that result in the loss of good credit standing.
    2. Litigation, non-litigious proceeding, administrative disposition, administrative dispute, security procedure, or compulsory execution, which has had a significant impact on the financial status or business of the company.
    3. Serious drop in the output, complete or partial suspension of work, lease of the company factory or its main facilities, or complete or partial pledge of the material assets which has had a significant impact on the company business.
    4. Any event specified under Article 185, paragraph 1 of the Company Act.
    5. Change in the chairman of the board or general manager.
    6. Material Execution, amendment, termination, and rescindment of the cooperative business plans, or important contracts, which have a major effect on the finances or business of the company.
    7. Board of directors had resolution about issuing new shares and capital increase reference date, or material change for above-mentioned items.
    8. Board of directors had resolution about applying to competent authorities for retroactive handling of public offering procedures.
    9. Board of directors had resolution about applying termination of registration on GISA.
    10. Extraordinary items’ explanation, improvement plan, and the improvement status disclosures required by Article 17, paragraph 5 or Article 26, paragraph 2 of GISA rules.
    11. Suspension GISA capital raising functions or termination of registration on GISA according to Article 26 or 27 of GISA rules.
    12. Other important events that have had significant impact on the owner’s equity of the company.