Setting forth on the basis of fundamental theories under civil juristic conduct, this paper aims to examine all forms of defectiveness and its effectiveness of resolution by shareholders' meeting or board of directors in a company limited by shares, i.e., from the essence of juristic conduct to review and analyze the forms of general and special requisites of formation as well as general and special requisites of effectuation under our legal system that codifies general principles of commercial law into the Civil Code. Under the principle of party's autonomy, a resolution conduct of shareholders' meeting will constitute a resolution of shareholders' meeting as long as such resolution conduct confirms to the nature of special requisite of formation. In the event that shareholders' resolution is in violation of any special requisite of effectuation prescribed under the law or ordinance, such juristic conduct should be invalidated; yet, to ease the hardship of said application of law and pay respects to autonomy principle, Article 189 of the Company Law stipulates that in case the procedure for convening a shareholders' meeting or the method of resolution does not conform to any law or ordinance or the company's articles of incorporation, such shareholders' resolution is only avoidable, which differs from the general principle laid out under Article 73 of the Civil Code. Accordingly, if such shareholders' resolution lacks of the special requisite of formation, required by its nature, this is not covered by the foregoing Article 189, and shall restore back to the basic theories of civil law; that is, a shareholders' resolution lacking the special requisite of formation shall be null and void since said juristic conduct cannot be formed. Therefore, it is essential to distinguish between special requisite of formation and special requisites of effectuation. In terms of the effectiveness of a defective resolution by a meeting of board of directors, our Company Law is silent in this regard. Pursuant to academic theories and court practice, it is settled that in case the procedure or substance of a resolution adopted at a meeting of board of directors is contrary to law or ordinance, the said resolution shall be null and void; that is, Article 189 is not applicable under such circumstance. One question remained is whether the conduct performed by the president that executes the board resolution, announced null and void, is effective in balancing the protection of rights and interests of the third party. This paper further puts in order by categorizing the various forms among the prevailing law and court practice in hope to explore feasible solutions to unrest issues.