business license shall obtain securities business license only when it has the following qualifications: (1) having paid up registered capital not less than the amount specified in the notification of the
Clause 4 The SEC Office may announce a detailed guideline for the benefit of compliance with the requirements under this Notification. In case of having complied with such guideline, it shall be deemed
amount exceeding its shareholders’ equity, it may deduct the value of such liabilities from the total liabilities within six months from the effective date of this Notification. Clause 8 This Notification
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