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Pursuant to Section 6(3) and Section 8(1) of the Royal Decree No. 750 issued by the Revenue Department, any VC or PE Trust wishing to receive revenue tax exemption is required to notify its VC or PE Trust status with the SEC. The SEC is therefore conducting the public hearing on the proposed principles and draft relevant notifications, requiring VC or PE Trust preferring revenue tax exemption to notify its respective status with the SEC in accordance with the rules, conditions, procedures as wel...
long information disclosure forms. This idea was well supported from both business operators and investors. SEC is therefore seeking opinions on the draft notification before it becomes into effect
SEC is seeking public comments on the draft notification regarding the exemption from the filing requirement with the SEC in cases where a listed company disposes of its repurchased shares under an ESOP
. Accordingly, the SEC has drafted the relevant notification, with the key details as follows: (1) To stipulate that the definition of major shareholder shall include any person who has the power, whether