Kabushiki Kaisha

Kabushiki Kaisha

Summary of Kabushiki Kaisha

A limited stock form of business organization common in Japan. Signified by the letters KK, a kabushiki kaisha usually has at least three directors, of whom one must participate in the management of the company; there are no nationality or residence requirements. Incorporators, or founders, must number at least seven natural or juridical persons. No minimums or maximums for capital are prescribed, but at least 25 percent of authorized capital must be subscribed. Shares may be of virtually any type, but nonvoting preferred shares are limited to 25 percent of all shares issued; directors may disallow share transfers. Incorporation fees are .07 percent of capital.

(Main Author: William J. Miller)


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