In a case that falls under one of the following items, the violating director, executive officer, accounting advisor, or member that performs the duties of the same, or the violating auditor, board director, inspector, representative, administrator, member that executes business, or liquidator of a designated credit bureau, or the violating person that was formerly the officer (including a provisional board director) or representative of a certified installment sales association, is subject to punishment by a non-criminal fine of not more than 300,000 yen:
the person violates the provisions of Article 35-3-38 in becoming the representative of a corporation, engaging in day-to-day business operations, or engaging in business without obtaining the approval of the Minister of Economy, Trade and Industry; or
第三十五条の三の三十八の規定に違反して、経済産業大臣の認可を受けずに、法人の代表者となり、若しくは常務に従事し、又は事業を営んだとき。
the person violates the provisions of Article 35-3-48 or Article 35-19, paragraph (1).
第三十五条の三の四十八又は第三十五条の十九第一項の規定に違反したとき。
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designated credit bureau
「指定信用情報機関」
A body the Minister of Economy, Trade and Industry has designated under Article 35-3-36, paragraph (1) to collect specified credit information (特定信用情報) and provide it to comprehensive and individual credit purchase intermediaries.
Short name set inArticle 30-2, paragraph (3)
certified installment sales association
「認定割賦販売協会」
A general incorporated association (一般社団法人) set up by installment sellers and the other businesses Article 35-18, paragraph (1) names and certified by the Minister of Economy, Trade and Industry, which makes rules for fair dealing and the proper management of credit card numbers, checks and guides its members' compliance, and handles complaints from users.
Short name set inArticle 35-18, paragraph (2)
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 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.