The Banking Act of The Republic of China Article 56
After issuing a business license to a bank, the central competent authority may revoke the approval if the particulars in the original application are found to be false in a material manner.
中文原文 銀行法第56條
中央主管機關核發營業執照後，如發現原申請事項有虛偽情事，其情節重大者，應即撤銷其許可。