# 所得税法施行令 / Order for Enforcement of the Income Tax Act — 第三百五十四条の二 (Article 354-2) This is the Markdown twin of https://japanlaw.org/en/income-tax-act-enforcement-order/art-354-2. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp. - Law: 所得税法施行令 (Order for Enforcement of the Income Tax Act), 昭和四十年政令第九十六号 - English title "Order for Enforcement of the Income Tax Act": Ministry of Justice translation - Kind: CabinetOrder — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第三百五十四条の二 (Article 354-2)（著しく低い価額の対価による株式割当て） — address `art-354-2` - Text in force since: 2026-05-22 - URL (the page that opens at this provision): https://japanlaw.org/en/income-tax-act-enforcement-order/art-354-2 - e-Gov law ID: 340CO0000000096 — never renamed. A permanent link, `/l/{lawId}/{address}` on this site, redirects to the page. - Every provision below carries its address and its URL on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 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） — Allotment of Shares for Consideration of a Significantly Low Value caption: machine translation, not official art-354-2 · https://japanlaw.org/en/income-tax-act-enforcement-order/art-354-2 **第一項** 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。 art-354-2/par-1 · https://japanlaw.org/en/income-tax-act-enforcement-order/art-354-2/par-1 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. machine translation, not official --- ## Cites - art-354-2/par-1: 法第二百二十八条の三 → 所得税法 第二百二十八条の三 (Article 228-3), art-228-3 — https://japanlaw.org/en/income-tax-act/art-228-3 (e-Gov law ID 340AC0000000033) - art-354-2/par-1: 会社法第三百二十二条第一項 → 会社法 第三百二十二条第一項 (Article 322, paragraph (1)), art-322/par-1 — https://japanlaw.org/en/companies-act/art-322/par-1 (e-Gov law ID 417AC0000000086) - art-354-2/par-1: 同条第二項 → 会社法 第三百二十二条第二項 (Article 322, paragraph (2)), art-322/par-2 — https://japanlaw.org/en/companies-act/art-322/par-2 (e-Gov law ID 417AC0000000086) - art-354-2/par-1: 同法第百九十九条第一項第二号 → 会社法 第百九十九条第一項第二号 (Article 199, paragraph (1), item (ii)), art-199/par-1/item-2 — https://japanlaw.org/en/companies-act/art-199/par-1/item-2 (e-Gov law ID 417AC0000000086) ## Cited by 1 provision cites this one. No official source publishes this direction. - 所得税法施行令 附則第二十一条第二項（新株予約権の行使に関する調書等の提出に関する経過措置） — https://japanlaw.org/en/income-tax-act-enforcement-order/suppl-4182-124/art-21/par-2 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 所得税法施行令 — the text in force from 2026-05-22 (https://laws.e-gov.go.jp/law/340CO0000000096/20260522_508CO0000000093), retrieved 2026-11-06 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Order for Enforcement of the Income Tax Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/3121/tb), retrieved 2026-11-06 - claude-sonnet-5-5 — Machine translation, batch income-tax-act-enforcement-order-20261106T163957-115, translated 2026-11-07 - This site's parser, version 229 — 所得税法施行令 — structure, counts, cross-references and defined terms, computed 2026-11-06