Japan Law Express

Japanese Law Blog

Wednesday, August 04, 2010

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)”.

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