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Supplementary Provisions, Article 6Transitional Measures on Granting Subscription Rights for New Shares to Directors or Employees

第六条(取締役又は使用人に対する新株の引受権の付与に関する経過措置)

If a resolution under of the Former Commercial Code was adopted before this Act comes into effect, the provisions then in force continue to govern, even after this Act comes into effect, the subscription rights for new shares granted on the basis of that resolution.

この法律の施行前にの決議があった場合においては、当該決議に基づき付与する新株の引受権に関しては、この法律の施行後も、なお従前の例による。

If the subscription right for new shares in the preceding paragraph is exercised after this Act comes into effect, a stock company may, in lieu of the issue of new shares, transfer its own shares that it holds to the person who exercised that subscription right for new shares. In this case, the provisions of Part II, Chapter II, Section 8 of the Companies Act (Act No. 86 of 2005) do not apply.

この法律の施行後に前項の新株の引受権が行使された場合においては、株式会社は、新株の発行に代えて、その有する自己の株式を当該新株の引受権を行使した者に移転することができる。この場合においては、会社法(平成十七年法律第八十六号)第二編第二章第八節の規定は、適用しない。

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