Stock Company Law In General

Question 1

A company might prescribe the shareholder stated in the shareholders registry on a certain date as the person who my exercise exercise right however the period between the date of record and the date stipulated for the exercise of rights cannot exceed 3 months

Answer 1

Correct

Question 2

Acquisition of treasury stocks is prohibited in any case

Answer 2

False

Question 3

If a public company does not call a shareholders meeting, a shareholder may demand the directors that they call a shareholders meeting and if the demand is refused, the shareholder may call the meeting with a court approval.
This right is available to minority shareholders holding at least 3% or more of the total voting rights and such voting rights having been held for at least 3 months

Answer 3

False

The right is available to minority shareholders holding at least 3% or more of the total voting rights and such voting rights having been held for at least 6 months

Question 4

There is a limit in number of shares under the unit share system which is 100 shares

Answer 4

False

The limit is set at 1,000 shares and 1/200 of total number of issued shares

Question 5

When a stock company is to conduct allotment to shareholders, it must determine the amount to be paid depending on net assets per share of the most recent business end of the fiscal year

Answer 5

False

In many cases shares are issued at below market value

Question 6

Share split, allotment of shares without contribution, and cancellation of share are matters that are determined by a resolution of the board of directors in principle, but consolidation of shares requires ….

Answer 6

obtaining special resolution of the shareholders meeting