Article Content
CHAPTER Ⅱ ESTABLISHMENT AND AMENDMENT
| Article 13 |
（Items to be specified on the application form）
In order to establish a Bills Finance Company, the applicant shall submit an application containing the following information to the Competent Authority for approval:
1. [Proposed] name of the Bills Finance Company;
2. Total paid-in capital;
3. Business plan;
4. Location of the head offices and branch offices; and
5. The name, curriculum vitae, residence and number of shares subscribed to by each promoter. |
| Article 14 |
（Application establishment standards）
The requirements and procedures to apply for a Bills Finance Company license in accordance with the preceding paragraph, the minimum capital, the necessary qualifications for promoters, the contents of the business plan and other requirements, shall be as determined by the Competent Authority. |
| Article 15 |
（Procedures for the issuance of the business license）
After receiving approval from the Competent Authority to operate a Bills Finance Company, a company shall be established in accordance with the Company Act. Such Bills Finance Company shall, after its capital has been fully paid-in and its company registration has been completed, apply for a business license from the Competent Authority by submitting the following documents to the Competent Authority:
1. Its Company registration Certificate;
2. A verification statement of its capital;
3. A verification that the required security deposit has been posted;
4. Its Articles of Incorporation;
5. Its shareholders rosters and minutes of its [initial] shareholders meeting;
6. Its directors rosters and minutes of the [initial] directors meeting and if there are managing directors, the managing directors rosters and minutes of the [initial] managing directors meeting;
7. Its supervisors rosters and minutes of the [initial] supervisors meeting; and
8. Other documents as required by the Competent Authority. |
| Article 16 |
（Approval of branch companies and non-commercial office areas）
Neither the head office nor the branch offices of a Bills Finance Company shall commence operations unless and until the Competent Authority has issued a business license to such Bills Finance Company.
The establishment, relocation, suspension of business, resumption of business and dissolution of a Bill Finance Company’s branch offices shall require the approval of the Competent Authority and the Competent Authority shall promulgate regulations governing such events.
The establishment, relocation or dissolution or closure of a non-operating office of a Bills Company shall require the approval of the Competent Authority and the Competent Authority shall promulgate regulations governing such events. |
| Article 17 |
（Permit for financial institutions to engage in bills finance business）
A financial institution wishing to concurrently operate a Bill House shall apply to the Competent Authority for approval to do so. The Competent Authority shall establish application criteria, required documents, business scope and other requirements. |
| Article 18 |
（Announcements of items specified on the business license）
From the time that a Bill Finance Company or its branch commences its business, it shall [at all times] display its business license as issued by the Competent Authority at its head office or its branch offices. |
| Article 19 |
（Approval for changes）
Changes to the following particulars of a Bills Finance Company shall require the approval of the Competent Authority:
1. Company name;
2. Paid-in capital;
3. General Manager;
4. Location of the head office; and
5. Other matters as designated by the Competent Authority. |
| Article 20 |
（Renewal of the business license）
If the particulars listed on the business license of a Bills Finance Company change, the Bills Finance Company shall apply to the Competent Authority for a new business license. |