Ones, Inc. failed to change the Articles of Incorporation

In Japan, to estabulish the article of restriction of transfer of shares requires a special resolution of the shareholders meeting.

To approve a special resolution, the approval of  more than half shareholder population and two thirds of voting rights is needed.

Ones, Inc. ,which is registered in the Green Sheet(OTC), tried to provide a limited transfer of shares, but the number of shareholder presented or voted in writing is not go to the majority, so, they failed.

 

This is a simplified versionof Japanese law blog “JAPAN LAW EXPRESS(Japanese)”.

To see more details, click JAPAN LAW EXPRESS in English powered by Google Translate.