Interpretation
J.Y.
Interpretation |
NO.41
|
| Date |
1954/10/20 |
| Issue |
Should the capital invested in another enterprise by a state-owned enterprise be considered as capital of the state and shall it be regarded as a state-owned enterprise if the amount of investment so made exceeds 50 percent of the total capital of this enterprise? |
| Holding |
1 The capital invested in another enterprise by a state-owned enterprise should be considered as capital of the government. If the amount of the capital invested by a state-owned enterprise exceeds 50 percent of the total capital of another enterprise, such enterprise falls within the type of state-owned enterprise defined in Article 3, Paragraph 1, Subparagraph 3, of the Act Governing the Management of State-owned Enterprises.
'Translated by Li-Chih Lin, Esq., J.D.
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