The Credit Cooperatives Act Of The Republic Of China Article 48

Where a credit cooperative has received a fine for violating the provisions of this chapter and fails to rectify the situation within the prescribed time period, an additional fine of up to five times the original amount may be imposed on the same happening or act. Where a credit cooperative commits repeated violations of a grave nature, it may be ordered to have its responsible person replaced within a prescribed time period or to have its permit revoked.Where a credit cooperative whose permit has been revoked by the Central Competent Authority, the Central Competent Authority shall notify the authorities in charge of registration to cancel the registration of the cooperative.