Article 202Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders
第二百二条（株主に株式の割当てを受ける権利を与える場合）
In carrying out solicitation under Article 199, paragraph (1), the stock company may grant entitlement to the allotment of shares to its shareholders. In these cases, the stock company must prescribe the following matters in addition to the subscription requirements:
a statement to the effect that the stock company will grant entitlement to the allotment of the shares for subscription of that stock company (or, for a company with class shares, class shares identical to the class shares held by relevant shareholders) to shareholders, subject to the application provided for in paragraph (2) of the following Article;
the day for the application for subscription for the shares for subscription referred to in the preceding item.
In the cases provided for in the preceding paragraph, the shareholders under item (i) of that paragraph (excluding the stock company) are entitled to the allotment of the shares for subscription in accordance with the number of shares they hold; provided, however, that if the number of the shares for subscription to be allotted to the shareholders includes a fractional share, it is to be rounded off.
If the stock company prescribes the matters set forth in each item of paragraph (1), the subscription requirements and the matters set forth in each item of that paragraph must be prescribed in accordance with the categories of the cases set forth in the following items, by the methods provided for in each of these items:
if there are provisions in the articles of incorporation to the effect that relevant subscription requirements and the matters set forth in each item of paragraph (1) may be prescribed by decision of the directors (excluding the cases where the stock company is a company with board of directors):a decision of the directors;
if there are provisions in the articles of incorporation to the effect that relevant subscription requirements and the matters set forth in each item of paragraph (1) may be prescribed by a resolution of the board of directors meeting (excluding the cases set forth in the following item):a resolution of the board of directors meeting;
if the stock company is a public company:a resolution of the board of directors meeting;
株式会社が公開会社である場合 取締役会の決議
in cases other than those set forth in the preceding three items:a resolution at a shareholders meeting.
前三号に掲げる場合以外の場合 株主総会の決議
If a stock company prescribes the matters set forth in each item of paragraph (1), the stock company must notify the shareholders under item (i) of that paragraph (excluding relevant stock company) of the following matters no later than two weeks prior to the date provided for in item (ii) of that paragraph:
the number of shares for subscription to be allotted to relevant shareholders; and
当該株主が割当てを受ける募集株式の数
the date provided for in paragraph (1), item (ii).
第一項第二号の期日
The provisions of Article 199, paragraphs (2) through (4) and the preceding two Articles do not apply if entitlement to the allotment of shares is granted to shareholders under the provisions of paragraphs (1) through (3) hereof.
第百九十九条第二項から第四項まで及び前二条の規定は、第一項から第三項までの規定により株主に株式の割当てを受ける権利を与える場合には、適用しない。
Read this with the articles around it
(Determination of Subscription Requirements)
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…
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。
Open this provision(Determination of Subscription Requirements)
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…
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。
Open this provision(Determination of Subscription Requirements)
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…
第一項第二号の払込金額が募集株式を引き受ける者に特に有利な金額である場合には、取締役は、前項の株主総会において、当該払込金額でその者の募集をすることを必要とする理由を説明しなければならない。
Open this provision(Determination of Subscription Requirements)
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…
種類株式発行会社において、第一項第一号の募集株式の種類が譲渡制限株式であるときは、当該種類の株式に関する募集事項の決定は、当該種類の株式を引き受ける者の募集について当該種類の株式の種類株主を構成員とする種類株主総会の決議を要しない旨の定款の定めがある場合を除き、当該種類株主総会の決議がなければ、その効力を生じない。
Open this provision(Delegation of Determination of Subscription Requirements)
Notwithstanding the provisions of paragraphs (2) and (4) of the preceding Article, at a shareholders meeting, the determination of the subscription requirements may be delegated to the directors by a…
前条第二項及び第四項の規定にかかわらず、株主総会においては、その決議によって、募集事項の決定を取締役（取締役会設置会社にあっては、取締役会）に委任することができる。この場合においては、その委任に基づいて募集事項の決定をすることができる募集株式の数の上限及び払込金額の下限を定めなければならない。
Open this provision(Special Provisions on Determination of Subscription Requirements for Public Company)
Except for cases provided for in Article 199, paragraph (3), for the purpose of the application of the provisions of paragraph (2) of that Article to a public company…
第百九十九条第三項に規定する場合を除き、公開会社における同条第二項の規定の適用については、同項中「株主総会」とあるのは、「取締役会」とする。この場合においては、前条の規定は、適用しない。
Open this provision(Special Provisions on Determination of Subscription Requirements Relating to Director Remuneration)
For the purpose of the application of the provisions of Article 199, paragraph (2) if the matters set forth in the items of the preceding paragraph are determined…
前項各号に掲げる事項を定めた場合における第百九十九条第二項の規定の適用については、同項中「前項各号」とあるのは、「前項各号（第二号及び第四号を除く。）及び第二百二条の二第一項各号」とする。この場合においては、第二百条及び前条の規定は、適用しない。
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
In carrying out solicitation under Article 199, paragraph (1), the stock company may grant entitlement to the allotment of shares to its shareholders.
株式会社は、第百九十九条第一項の募集において、株主に株式の割当てを受ける権利を与えることができる。この場合においては、募集事項のほか、次に掲げる事項を定めなければならない。
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
a statement to the effect that the stock company will grant entitlement to the allotment of the shares for subscription of that stock company…
株主に対し、次条第二項の申込みをすることにより当該株式会社の募集株式（種類株式発行会社にあっては、当該株主の有する種類の株式と同一の種類のもの）の割当てを受ける権利を与える旨
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
the day for the application for subscription for the shares for subscription referred to in the preceding item.
前号の募集株式の引受けの申込みの期日
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
In the cases provided for in the preceding paragraph, the shareholders under item (i) of that paragraph (excluding the stock company) are entitled to the allotment of the shares for subscription in…
前項の場合には、同項第一号の株主（当該株式会社を除く。）は、その有する株式の数に応じて募集株式の割当てを受ける権利を有する。ただし、当該株主が割当てを受ける募集株式の数に一株に満たない端数があるときは、これを切り捨てるものとする。
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
If the stock company prescribes the matters set forth in each item of paragraph (1), the subscription requirements and the matters set forth in each item of that paragraph must be prescribed in…
第一項各号に掲げる事項を定める場合には、募集事項及び同項各号に掲げる事項は、次の各号に掲げる場合の区分に応じ、当該各号に定める方法によって定めなければならない。
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
if there are provisions in the articles of incorporation to the effect that relevant subscription requirements and the matters set forth in each item of paragraph (1) may be prescribed by decision of…
当該募集事項及び第一項各号に掲げる事項を取締役の決定によって定めることができる旨の定款の定めがある場合（株式会社が取締役会設置会社である場合を除く。） 取締役の決定
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
if there are provisions in the articles of incorporation to the effect that relevant subscription requirements and the matters set forth in each item of paragraph (1) may be prescribed by a…
当該募集事項及び第一項各号に掲げる事項を取締役会の決議によって定めることができる旨の定款の定めがある場合（次号に掲げる場合を除く。） 取締役会の決議
Open this provision(Cases Where Entitlement to Allotment of Shares Is Granted to Shareholders)
if the stock company is a public company:a resolution of the board of directors meeting;
株式会社が公開会社である場合 取締役会の決議
Open this provisionpublic company
「公開会社」
A stock company whose articles of incorporation do not require the company's approval for transfers of at least some of its shares; it need not be listed on a stock exchange.
Defined inArticle 2, paragraph (1), item (v)· applies throughout the law
company 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 class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· 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
subscription requirements
「募集事項」
The terms a stock company must decide each time it invites subscriptions for its shares or share options, such as the number offered and the amount to be paid for them.
Short name set inArticle 199, paragraph (2)· 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.