A company with audit and supervisory committee must keep the minutes referred to in paragraph (3) of the preceding Article at its head office for a period of ten years from the day of the audit and supervisory committee meeting.
監査等委員会設置会社は、監査等委員会の日から十年間、前条第三項の議事録をその本店に備え置かなければならない。
If it is necessary for the purpose of exercising the rights of a shareholder of a company with audit and supervisory committees, the relevant shareholder may, with the permission of the court, make the following requests:
監査等委員会設置会社の株主は、その権利を行使するため必要があるときは、裁判所の許可を得て、次に掲げる請求をすることができる。
if the minutes under the preceding paragraph are prepared in writing, requests for inspection or copying of those documents; and
前項の議事録が書面をもって作成されているときは、当該書面の閲覧又は謄写の請求
if the minutes under the preceding paragraph have been prepared as an electronic or magnetic record, a request to inspect or copy anything that is used in a manner prescribed by Ministry of Justice Order to display the information recorded in that electronic or magnetic record.
The provisions of the preceding paragraph apply mutatis mutandis to those cases where it is necessary for the purpose of enforcing the liability of directors or accounting advisors by a creditor of a company with audit and supervisory committee and to the cases where it is necessary for the purpose of exercising the rights of a member of the parent company.
前項の規定は、監査等委員会設置会社の債権者が取締役又は会計参与の責任を追及するため必要があるとき及び親会社社員がその権利を行使するため必要があるときについて準用する。
If the court finds that the inspection or copying relating to the requests under paragraph (2) (including the case of the mutatis mutandis application pursuant to the preceding paragraph; hereinafter the same applies in this paragraph) is likely to cause substantial detriment to the company with audit and supervisory committee or its parent company or subsidiary company, the court may not grant the permission under paragraph (2).
Read this with the articles around it
subsidiary company
「子会社」
A stock company in which a company holds a majority of the votes, or any other corporation whose management a company controls, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
parent company
「親会社」
A company that has a stock company as its subsidiary company, or any other corporation that controls a stock company's management, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iv)· applies throughout the law
company with audit and supervisory committee
「監査等委員会設置会社」
A stock company that has an audit and supervisory committee, made up of directors.
Defined inArticle 2, paragraph (1), item (xi-2)· applies throughout the law
electronic or magnetic record
「電磁的記録」
A record made in electronic, magnetic or any other form people cannot perceive directly, of a kind that Ministry of Justice Order (法務省令) specifies as used in computer processing.
Defined inArticle 26, paragraph (2)
member of the parent companymachine translation
「親会社社員」
A shareholder or other member of a company's parent company, who may, with the court's permission, inspect records of the subsidiary where needed to exercise their rights.
Defined inArticle 31, paragraph (3)
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.