Regulations Regarding the Establishment of and Special Recognition for Private Social Education Institutions Article 16

After a private social education institution that is a foundation has been registered, if there is re-election or by-election for the position of the chairperson, or any director, or supervisor, or a change in any other registration related matter, the institution shall undertake procedures to amend its registration.After a private social education institution that is a foundation has been registered, if there is any increase or decrease in its real property or major assets, the institution shall submit an inventory of changes to its assets and a report audited and an audit report certified by a certified public accountant, and undertake procedures to amend its registration within 5 months after the year ends.