The evening times., 1899-08-12
FOREIGN COMPANIES IN JAPAN
Copies of Recent Ordinances For
warded by Minister Buck.


warded by Minister Buck.
Copies of important ordinaces recently
published in Japan have been forwarded
by Minister Buck. of Toxic, under date of
June 20. 1899. They read as follows
"A foreign commercial company which
has set up a branch office in Japan before
the commercial code takes effect must,
within six months from its taking effect,
register such fact according to the provis-
ions of article 255 of the commercial code
and appoint representative In Japan and
register his name and domicile.
The provisions of article 257 of the
commercial code and of article 2o2 of the
law concerning matters, NOT in contention
apply correspondingly TO- such foreign
companies.
"A commercial company formed by for
eigners in Japan before the commercial
code takes effect must. within six months
from its taking effect. make company
contract in accordance with the provisions
OF the commercial code and register the
formation Of the company.
IF commercial company act in contra,
vention of the provisions of article 2. the
court may. on the application OF the pub
| lie procurator or of its own motion, order
the dissolution of the company.
The order of dissolution must be pub
! lished in the same manner as registered
| facts are published
LAS to commercial companies formed by
! foreigners III Japan before the commercial
code takes effect, the legal relations which
will arise before the registration is made
| ar inc tf.arn Sf6 ~ arria
before an order of dissolution has become
| finally binding. are governed by the law
or the country to which the company be-
longed.
An association formed by foreigners in
Japan before the commercial code takes
effect, which has property of its own, must
within six months from the date of the
commercial code change its organization
| into that of some kind of commercial com
pany recognized by the commercial code.
The provisions of the preceding two arti-
cles apply correspondingly to such an as
sociation. +.!3A
| IF a foreign commercial company es-
tablishes an agency in Japan to carry on
| the business of insurance, il must appoint
a representative in Japan. The provisions
of article 62 of the commercial code apply
correspondingly to such representative.
THE foreign company must notify the
| government or the name and domlcile of its
| representative in Japan.
| The provisions OF articles % and 9T-101
| of the laws concerning the operation of the
| commercial code apply correspondingly TO
| foreign insurance companies 'f"-
| IF II appears to the government that the
| continuance of the business of a foreign in
surance company is endangered, or IL the
| foreign company acts in contravention of an
order of the government. the government
may order that the prosecution of the busi-
ness be suspended or the representative be
| removed.
Whenever a foreign insurance company
makes an inventory and a balance sheet. it
must without delay submit il TO the govern
ment together with business report, an
account of profits and losses. and a state
ment as to the distribution OF the profits
"A foreign insurance company which has
set up branch Office or an agency in ia
pan before the taking effect of the CONNER
cial code must, within six months from its
taking effect, obtain permission of the gov
ernment. The provisions of article 90, 2. of
! the law concerning the operation of the
commercial code apply correspondingiy to
| such foreign companies.
| THE provisions of articles l. 2. T. and .
| of this law and articles 98-101 of the law
concerning the operation of the commercial
code apply correspondingiy to foreign in
| surance companies which have established
branch Office or an agency in Japan before
the commercial code takes effect"