Article 205Special Provisions on Subscription and Allotment of Shares for Subscription
第二百五条（募集株式の申込み及び割当てに関する特則）
The provisions of the preceding two Articles do not apply if a person who intends to subscribe for shares for subscription executes a contract for subscription for the total number of those shares.
In the case prescribed in the preceding paragraph, if shares for subscription are shares with restriction on transfer, the stock company must obtain approval of the contract referred to in the same paragraph by the resolution at shareholders meeting(or at a board of directors meeting for a company with board of directors); provided, however, that this does not apply if it is otherwise prescribed in the articles of incorporation.
If there are provisions on the matters set forth in each item of Article 202-2, paragraph (1) pursuant to the provisions of the second sentence of that paragraph, a person other than a director (including a person who was a director) related to provisions regarding the matters set forth in Article 361, paragraph (1), item (iii) pursuant to the articles of incorporation or a resolution of a shareholders meeting may not make an application provided in Article 203, paragraph (2) or enter into an agreement provided in paragraph (1).
第二百二条の二第一項後段の規定による同項各号に掲げる事項についての定めがある場合には、定款又は株主総会の決議による第三百六十一条第一項第三号に掲げる事項についての定めに係る取締役（取締役であった者を含む。）以外の者は、第二百三条第二項の申込みをし、又は第一項の契約を締結することができない。
For the purpose of the application of the provisions of paragraph (3) of the preceding Article and Article 206-2, paragraph (1), paragraph (3), and paragraph (4), in the cases provided in the preceding paragraph, the phrases "the date referred to in Article 199, paragraph (1), item (iv) (or, if a period is prescribed under that item, no later than the first day of that period)" in paragraph (3) of the preceding Article and Article 206-2, paragraph (1) and "the day prescribed in the same paragraph" in paragraph (3) of the preceding Article and Article 206-2, paragraph (1) and "the day specified in paragraph (1) "in paragraph (4) of that article are deemed to be replaced with "the day of allotment."
前項に規定する場合における前条第三項並びに第二百六条の二第一項、第三項及び第四項の規定の適用については、前条第三項及び第二百六条の二第一項中「第百九十九条第一項第四号の期日（同号の期間を定めた場合にあっては、その期間の初日）」とあり、同条第三項中「同項に規定する期日」とあり、並びに同条第四項中「第一項に規定する期日」とあるのは、「割当日」とする。
For the purpose of application of the provisions of paragraph (3) by a company with nominating committee, etc., the phrase "the provisions regarding the matters set forth in Article 361, paragraph (1), item (iii) pursuant to the articles of incorporation or a resolution of the shareholders meeting" in that paragraph is deemed to be replaced with "decision on the matters provided for in Article 409, paragraph (3), item (iii) by the remuneration committee" and the term "director "is deemed to be replaced with "executive officer or director."
指名委員会等設置会社における第三項の規定の適用については、同項中「定款又は株主総会の決議による第三百六十一条第一項第三号に掲げる事項についての定め」とあるのは「報酬委員会による第四百九条第三項第三号に定める事項についての決定」と、「取締役」とあるのは「執行役又は取締役」とする。
Read this with the articles around it
(Determination of Subscription Requirements)
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;
募集株式と引換えにする金銭の払込み又は前号の財産の給付の期日又はその期間
Open this provision(Special Provisions on Determination of Subscription Requirements Relating to Director Remuneration)
When a stock company that has issued shares that are set forth on a financial instruments exchange provided for in Article 2, paragraph (16) of the Financial Instruments and Exchange Act solicits…
金融商品取引法第二条第十六項に規定する金融商品取引所に上場されている株式を発行している株式会社は、定款又は株主総会の決議による第三百六十一条第一項第三号に掲げる事項についての定めに従い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するときは…
Open this provision(Applications for Shares for Subscription)
A stock company must notify persons who intend to subscribe for shares for subscription in response to solicitation in Article 199, paragraph (1) of the matters set forth in the following items:
株式会社は、第百九十九条第一項の募集に応じて募集株式の引受けの申込みをしようとする者に対し、次に掲げる事項を通知しなければならない。
Open this provision(Applications for Shares for Subscription)
A person who submits an application to subscribe for shares for subscription in response to solicitation in Article 199, paragraph (1) must deliver a document giving the following information:
第百九十九条第一項の募集に応じて募集株式の引受けの申込みをする者は、次に掲げる事項を記載した書面を株式会社に交付しなければならない。
Open this provision(Allotment of Shares for Subscription)
A stock company must specify the persons to whom shares for subscription will be allotted from among the applicants and the number of shares for subscription to be allotted to those persons.
株式会社は、申込者の中から募集株式の割当てを受ける者を定め、かつ、その者に割り当てる募集株式の数を定めなければならない。この場合において、株式会社は、当該申込者に割り当てる募集株式の数を、前条第二項第二号の数よりも減少することができる。
Open this provision(Allotment of Shares for Subscription)
The stock company must notify the applicants, no later than the day immediately preceding the date referred to in Article 199, paragraph (1), item (iv)…
株式会社は、第百九十九条第一項第四号の期日（同号の期間を定めた場合にあっては、その期間の初日）の前日までに、申込者に対し、当該申込者に割り当てる募集株式の数を通知しなければならない。
Open this provision(Special Provisions on Subscription and Allotment of Shares for Subscription)
The provisions of the preceding two Articles do not apply if a person who intends to subscribe for shares for subscription executes a contract for subscription for the total number of those shares.
前二条の規定は、募集株式を引き受けようとする者がその総数の引受けを行う契約を締結する場合には、適用しない。
Open this provision(Special Provisions on Subscription and Allotment of Shares for Subscription)
If there are provisions on the matters set forth in each item of Article 202-2, paragraph (1) pursuant to the provisions of the second sentence of that paragraph…
第二百二条の二第一項後段の規定による同項各号に掲げる事項についての定めがある場合には、定款又は株主総会の決議による第三百六十一条第一項第三号に掲げる事項についての定めに係る取締役（取締役であった者を含む。）以外の者は、第二百三条第二項の申込みをし、又は第一項の契約を締結することができない。
Open this provision(Special Provisions on Allotment of Shares for Subscription of a Public Company)
If the rate of the number set forth in item (I) to the number set forth in item (ii) exceeds 50% with regard to a subscriber for shares for subscription…
公開会社は、募集株式の引受人について、第一号に掲げる数の第二号に掲げる数に対する割合が二分の一を超える場合には、第百九十九条第一項第四号の期日（同号の期間を定めた場合にあっては、その期間の初日）の二週間前までに、株主に対し、当該引受人（以下この項及び第四項において「特定引受人」という。）の氏名又は名称及び住所…
Open this provision(Special Provisions on Allotment of Shares for Subscription of a Public Company)
Notwithstanding the provisions of paragraph (1), if a stock company has made a notification under Article 4, paragraphs (1) through (3) of the Financial Instruments and Exchange Act with respect to…
第一項の規定にかかわらず、株式会社が同項の事項について同項に規定する期日の二週間前までに金融商品取引法第四条第一項から第三項までの届出をしている場合その他の株主の保護に欠けるおそれがないものとして法務省令で定める場合には、第一項の規定による通知は、することを要しない。
Open this provision(Special Provisions on Allotment of Shares for Subscription of a Public Company)
When a shareholder holding one-tenth or more (if lesser proportion is prescribed in the articles of incorporation, the proportion) of the votes of all shareholders…
総株主（この項の株主総会において議決権を行使することができない株主を除く。）の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する株主が第一項の規定による通知又は第二項の公告の日（前項の場合にあっては、法務省令で定める日）から二週間以内に特定引受人（その子会社等を含む。以下こ…
Open this provision(Remuneration for Directors)
for remunerations that are shares for subscription (meaning shares for subscription provided in Article 199, paragraph (1); hereinafter the same applies in this paragraph and Article 409, paragraph…
報酬等のうち当該株式会社の募集株式（第百九十九条第一項に規定する募集株式をいう。以下この項及び第四百九条第三項において同じ。）については、当該募集株式の数（種類株式発行会社にあっては、募集株式の種類及び種類ごとの数）の上限その他法務省令で定める事項
Open this provision(Methods for Decisions on Remuneration by Remuneration Committee)
remunerations that are shares for subscription of the stock company: the number of the shares for subscription (or, for a company with class shares, the classes of the shares for subscription and the…
当該株式会社の募集株式 当該募集株式の数（種類株式発行会社にあっては、募集株式の種類及び種類ごとの数）その他法務省令で定める事項
Open this provisioncompany with board of directors
「取締役会設置会社」
A stock company that has a board of directors, or that this Act requires to have one.
Defined inArticle 2, paragraph (1), item (vii)· applies throughout the law
company with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
shares with restriction on transfer
「譲渡制限株式」
Shares whose terms require the company's approval for anyone to acquire them by transfer.
Defined inArticle 2, paragraph (1), item (xvii)· applies throughout the law
shares for subscription
「募集株式」
Shares, newly issued or held by the company itself, that a stock company allots to the persons who applied for them in response to its invitation to subscribe.
Defined inArticle 199, paragraph (1)· applies only in this section
day of allotment
「割当日」
The day on which shares for subscription, or share options for subscription, are allotted to the persons who applied for them.
Short name set inArticle 202-2, paragraph (1), item (ii)· applies only in this section
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.