Supplementary Provisions, Article 8
第八条
The provisions of Article 24-6, paragraph (1) of the New Securities and Exchange Act apply to the purchase of own share certificates, etc. prescribed in Article 24-6, paragraph (1) of the New Securities and Exchange Act that is conducted based on a resolution of an annual general meeting under the provisions of Article 210-2, paragraph (2) or Article 212-2, paragraph (1) of the Commercial Code (Act No. 48 of 1899), or a resolution of the board of directors prescribed in Article 3, paragraph (1) of the Act on Special Provisions of the Commercial Code Concerning Procedures for Retirement of Shares (Act No. 55 of 1997) (hereinafter in this paragraph and the following Article referred to as a "resolution of an annual general meeting, etc."), made on or after the effective date, and for the purchase of share certificates for its own shares that is conducted based on a resolution of an annual general meeting, etc. made before the effective date, the provisions then in force continue to govern.
The provisions of Article 24-6, paragraph (2) of the New Securities and Exchange Act apply to the purchase, etc. of own share certificates, etc. prescribed in Article 24-6, paragraph (2) of the New Securities and Exchange Act for the retirement of shares under the provisions of Article 212, paragraph (1) of the Commercial Code, or the purchase, etc. of own share certificates, etc. for the retirement of redeemable shares prescribed in Article 24-6, paragraph (2) of the New Securities and Exchange Act, that is conducted on or after April 1, 1999.
新証券取引法第二十四条の六第二項の規定は、平成十一年四月一日以後に行われる商法第二百十二条第一項の規定による株式の消却のための新証券取引法第二十四条の六第二項に規定する自己株券等の買付け等又は同項に規定する償還株式の消却のための自己株券等の買付け等について適用する。
The provisions of Article 24-6, paragraph (1) of the New Securities and Exchange Act apply to the purchase of own share certificates, etc. prescribed in Article 24-6…
新証券取引法第二十四条の六第一項の規定は、施行日以後に行われる商法（明治三十二年法律第四十八号）第二百十条ノ二第二項若しくは第二百十二条ノ二第一項の規定による定時総会の決議又は株式の消却の手続に関する商法の特例に関する法律（平成九年法律第五十五号）第三条第一項に規定する取締役会の決議（以下この項及び次条において「定時…
Open this provisionThe provisions of Article 27-22-2, paragraph (1) of the New Securities and Exchange Act (limited to item (i)) apply to the purchase set forth in that item that is conducted based on a resolution of…
新証券取引法第二十七条の二十二の二第一項（第一号に限る。）の規定は、施行日以後に行われる定時総会決議等に基づいて行う同号に掲げる買付けについて適用し、施行日前に行われた定時総会決議等に基づいて行う旧証券取引法第二十七条の二十二の二第一項に規定する買付けについては、なお従前の例による。
Open this provisionNew Securities and Exchange Actmachine translation
「新証券取引法」
This Act as amended by Article 1 of Act No. 107 of 1998.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
the effective datemachine translation
「施行日」
The date Act No. 107 of 1998, the amending Act these supplementary provisions (附則) belong to, comes into effect.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
resolution of an annual general meeting, etc.machine translation
「定時総会決議等」
In Article 8, paragraph (1) and Article 9 of the supplementary provisions (附則) of Act No. 107 of 1998, a resolution of an annual general meeting under the provisions that paragraph cites, or a board of directors' resolution under Article 3, paragraph (1) of a 1997 law on special rules for procedures to cancel shares (Act No. 55 of 1997), on which a company bases a purchase of its own shares.
Short name set inSupplementary Provisions, Article 8, paragraph (1)· applies only in this paragraph and in Supplementary Provisions, Article 9
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.