Directory_and_Chronicle_1901 — Page 439

REGULATIONS FOR FOREIGN COMPANIES IN JAPAN

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IMPERIAL ORDINANCE RELATING TO BRANCH OFFICES OF

FOREIGN COMPANIES IN JAPAN

1.-Any Foreign Company which has established a branch office in Japan previous to the enforcement of the Commercial Code must be registered within six months from the day the Commercial Code comes into force, according to Article 255 of the Commercial Code, which requires that the name and the residence of the representativo in Japan must be registered.

2.-Foreigners who have established a Company (or firm) previous to the enforcement of the Commercial Code, according to the regulations of the Commer- cial Code, must register the Articles of the Company within six months from the day of the operation of the Commercial Code.

3. In case the Company does not comply with the above regulations it shall be dissolved on the request of the Public Procurator or the proper authority.

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4. Before registration has been effected or judgment of dissolution pro- nounced, legal proceedings taken against a Company established by foreigners in Japan before the operation of the Commercial Code will be in accordance with the law of the country to which the Company belongs.

5.-Any Company established by foreigners in Japan previous to the operation of the Commercial Code, and having an independent estate, is required to change its organisation in accordance with the provisions of the Commercial Code within six months from the day the Codes go into operation.

This Imperial Ordinance will take effect from the date of the operation of the Commercial Code.

IMPERIAL ORDINANCE RELATING TO FOREIGN INSURANCE COMPANIES IN JAPAN

1.—If a Foreign Company establishes an agency in Japan and carries on in- surance business, it must have a representative in Japan.

2. The said Foreign Company must report to the Government the name and the residence of its representative.

3.-Articles 95 and 97 to 101 of the Commercial Code shall be applicable to Foreign Companies.

4.-If the Government recognizes that a Foreign Company has difficulty in continuing in business (is insolvent?) or if the Company violates the instruction of the Government, the Government may suspend the business or order that its representative be changed.

5. When the Foreign Company makes up its balance-sheet, a written report of the business, together with the balance-sheet showing profit and statement of the dividend, must be produced to the Government.

6.-A Foreign Company which has established a branch office or agency in Japan previous to the operation of the Commercial Code must obtain a license from the Government within six months from the date of the operation of the Commercial Code.

7.-Articles 1, 2, 4, and 5, and Articles 98 to 101 in the Commercial Code shall be applied to the Company which has established a branch office or agency in Japan Previous to the operation of the Commercial Code.

This Imperial Ordinance will take effect from the day of the operation of the Commercial Code.

The Commercial Code came into force on the 16th June, 1899.