Company Act Article 270
Under any of the following circumstances a company shall not publicly issue new shares:1.Where it has incurred losses in the most recent two consecutive years; this, however, shall not apply where the nature of business requires a longer period for preparation or it has a sound business plan under which its profit-making capability will be improved; or2.Where its assets are not sufficient to meet liabilities.
中文原文 公司法第270條
公司有左列情形之一者，不得公開發行新股：
一、最近連續二年有虧損者。
但依其事業性質，須有較長準備期間或具有健全之營業計畫，確能改善營利能力者，不在此限。
二、資產不足抵償債務者。
一、最近連續二年有虧損者。
但依其事業性質，須有較長準備期間或具有健全之營業計畫，確能改善營利能力者，不在此限。
二、資產不足抵償債務者。