Whenever a stock company intends to solicit persons to subscribe for shares it issues or for treasury shares it disposes of, the stock company must prescribe the following matters with respect to the shares for subscription (meaning shares the stock company allots to persons who subscribed for those shares in response to the solicitation; hereinafter the same applies in this Section):
株式会社は、その発行する株式又はその処分する自己株式を引き受ける者の募集をしようとするときは、その都度、募集株式(当該募集に応じてこれらの株式の引受けの申込みをした者に対して割り当てる株式をいう。以下この節において同じ。)について次に掲げる事項を定めなければならない。
the number of shares for subscription (or, for a company with class shares, the classes and the number of the shares for subscription; hereinafter the same applies in this Section);
the amount to be paid in (meaning the amount of the monies to be paid in in exchange for one of the shares for subscription, or the amount of any property other than monies to be contributed; hereinafter the same applies in this Section) for the shares for subscription or the method for calculating the amount;
募集株式の払込金額(募集株式一株と引換えに払い込む金銭又は給付する金銭以外の財産の額をいう。以下この節において同じ。)又はその算定方法
if property other than monies will be the subject of the contribution, a statement to that effect and the description and value of relevant property;
金銭以外の財産を出資の目的とするときは、その旨並びに当該財産の内容及び価額
the day or period for the payment of the monies in exchange for the shares for subscription, or the contribution of the property under the preceding item;
if shares are issued, matters regarding the capital and capital reserves that is to be increased.
株式を発行するときは、増加する資本金及び資本準備金に関する事項
The determination of the matters set forth in each item of the preceding paragraph (hereinafter in this Section referred to as "subscription requirements") must be made by a resolution at a shareholders meeting.
前項各号に掲げる事項(以下この節において「募集事項」という。)の決定は、株主総会の決議によらなければならない。
If the amount to be paid in under paragraph (1), item (ii) is particularly favorable to subscribers for the shares for subscription, the directors must, at the shareholders meeting under the preceding paragraph, explain the reasons for the need to solicit these persons with such an offer of the amount to be paid in.
For a company with class shares, if the class of the shares for subscription under paragraph (1), item (i) is that of shares with restriction on transfer, the determination of the subscription requirements regarding the class of shares does not become effective without a resolution at the relevant general meeting of class shareholders, except if there are provisions in the articles of incorporation to the effect that, with respect to the solicitation of subscribers for relevant class shares, a resolution at the general meeting of class shareholders constituted by the class shareholders of relevant class shares is not required;provided, however, that this does not apply to cases where there is no class shareholder who can exercise voting right at relevant general meeting of class shareholders.
The subscription requirements must be uniform for each solicitation under paragraph (1).