Article 354-2Allotment of Shares for Consideration of a Significantly Low Value
第三百五十四条の二（著しく低い価額の対価による株式割当て）
The allotment specified by Cabinet Order prescribed in Article 228-3 (Report on Allotments of Shares Without Contribution) of the Act is to be the allotment of shares in the case where, with regard to shares allotted in response to a solicitation of persons to subscribe for shares by a resolution under Article 322, paragraph (1) (General Meetings of Class Shareholders Where Detriment to Class Shareholders of Certain Class Likely) of the Companies Act (including the provisions of the articles of incorporation under paragraph (2) of that Article), the amount to be paid in prescribed in Article 199, paragraph (1), item (ii) (Determination of Subscription Requirements) of that Act for those shares is an amount less than one-half of the value normally required for acquiring those shares.
法第二百二十八条の三（株式無償割当てに関する調書）に規定する政令で定める割当ては、会社法第三百二十二条第一項（ある種類の種類株主に損害を及ぼすおそれがある場合の種類株主総会）の決議（同条第二項の規定による定款の定めを含む。）により株式を引き受ける者の募集に応じて割り当てられる株式につき、当該株式の同法第百九十九条第一項第二号（募集事項の決定）に規定する払込金額が当該株式の取得のために通常要する価額の二分の一に満たない金額である場合における当該株式の割当てとする。
Read this with the articles around it
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.