Regulations for the Establishment of Radio Broadcasting Enterprises Article 17

Where an applicant is under one of the following circumstances, the regulatory agency shall notify the applicant to adopt retroactive correction within a prescribed deadline, and when failing to adopt retroactive correction or the matter remains pending despite retroactive correction, the application is to be declined; the applicant’s tender bond is to be reimbursed without interest within a seven-day period from the following day the application acceptance decline ruling is received, while the review fee and interest accrued shall not be reimbursed:1. Violation of Paragraph 5 of Article 7 or Paragraph 2 of Article 10.2. The applicant’s anticipated paid-in capital or total contributions as stated in its operations plan fails to reach the operation’s minimum paid-in capital or total endowment assets.3. The applicant’s documents as mandated under Article 13 are found incomplete, or the content of entry is deemed incomplete, or entries in its operations plan contain error or miscalculation.4. Adopted engineering equipment is deemed to deviate from the engineering technical standards of Administrative Regulations on the Establishment of Radio and TV Broadcast Station.5. Other retroactive corrections to be made under regulatory agency’s request.