I hereby give My Sanction to the Imperial Ordinance concerning the partial amendment to the Enforcement Regulations for the Securities Transfer Tax Law and cause the same to be promulgated.
Signed: HIROHITO, Seal of the Emperor
This twenty-sixth day of the eleventh month of the twenty-first year of Showa (November 26, 1946)
Countersigned: Prime Minister YOSHIDA Shigeru
Minister of Finance ISHIBASHI Tanzan
Imperial Ordinance No. 573
Enforcement Regulations for the Securities Transfer Tax Law shall be partly revised as follows:
Article 1-(2). In case a corporation which has obtained approval of its reorganization program by virtue of par. 1 or 2 of Art. 15 of the Enterprises Reconstruction & Reorganization Law (including the case as applied by virtue of Art. 52 of the said Law) has transferred, in accordance with the said programme, securities to the corporation established by virtue of said program, within three months after the establishment of the said corporation, the corporation need not pay the securities transfer tax by virtue of item 9 of Art. 10 of the Securities Transfer Tax Law, as to the transference of the securities concerned.
In Art. 3, par. 1, item 2, "paid-up amount in respect of shares" shall read "(in respect of securities other than securities issued by way of discount, which are not fully paid up, the face value as well as the paid up amount)."
In par. 2 of the same Article, "(including the investors of corporations other than companies which has been established by special Statutes, provided that the investors having the investment certificates shall be excluded therefrom.)" shall be added next to "members of a company."
In Art. 8, item 2, "paid up amount in respect of shares" shall read "(in respect of securities other than securities issued by way of discount, which are not fully paid up, the face value as well as the paid up amount)."
Supplementary Provisions:
The present Ordinance shall come into force as from December 1, 1946.
A person who wants to file a return in accordance with par. 2 of Art. 38 of the Law No. 14 of 1946 (concerning the partial the provision of amendment of the Income Tax Law, etc.) shall submit the return as made separately in each business office, by virtue of Art. 5 of the Enforcement Regulation for the Securities Transfer Tax Law to the superintendent of a taxation office which administers the place of a business office concerned.