日本復(fù)數(shù)表決權(quán)股份制度及發(fā)行公司上市規(guī)制——兼談對(duì)我國(guó)種類股制度的啟示
發(fā)布時(shí)間:2018-03-21 03:33
本文選題:一股一權(quán) 切入點(diǎn):復(fù)數(shù)表決權(quán) 出處:《證券市場(chǎng)導(dǎo)報(bào)》2017年04期 論文類型:期刊論文
【摘要】:日本《公司法》限定了公司能夠發(fā)行的種類股份類別,并嚴(yán)格禁止公司發(fā)行每一股具有多個(gè)表決權(quán)的種類股。現(xiàn)實(shí)中,日本公司利用單元股制度,達(dá)到與發(fā)行復(fù)數(shù)表決權(quán)股份同樣的目的,成為日本版的復(fù)數(shù)表決權(quán)種類股制度。為滿足公司融資多樣化需求,東京證券交易所修改上市規(guī)程,確立了復(fù)數(shù)表決權(quán)股份有限公司的上市規(guī)則。鑒于公司融資多元化的現(xiàn)實(shí)需要及域外經(jīng)驗(yàn),我國(guó)立法有必要承認(rèn)復(fù)數(shù)表決權(quán)種類股,并從發(fā)行條件、發(fā)行程序、持有人權(quán)利與義務(wù)等方面加以規(guī)制。同時(shí),將發(fā)行復(fù)數(shù)表決權(quán)股份的公司公開發(fā)行上市的規(guī)則及其審查內(nèi)容交由交易所制定,由交易所具體負(fù)責(zé)公開發(fā)行審查。
[Abstract]:The Japanese Company Law defines the types of shares that companies can issue and strictly prohibits companies from issuing each share with multiple voting rights. In reality, Japanese companies make use of the unit share system. To achieve the same purpose as issuing plural voting shares and become the Japanese version of the plural voting type stock system. In order to meet the diversified financing needs of companies, the Tokyo Stock Exchange amended the listing rules. The listing rules of plural voting shares limited company are established. In view of the practical needs and extraterritorial experience of corporate financing diversification, it is necessary for our legislation to recognize the plural voting rights type shares, and to recognize the issuing conditions and procedures. At the same time, the rules of issuing plural voting shares and the contents of examination shall be made by the exchange, and the exchange shall be responsible for the examination of the public issue.
【作者單位】: 天津財(cái)經(jīng)大學(xué)法學(xué)院;
【基金】:天津市哲學(xué)社會(huì)科學(xué)研究規(guī)劃項(xiàng)目“拉動(dòng)消費(fèi)內(nèi)需背景下的信用卡法律制度研究”(項(xiàng)目號(hào)TJFX16-005)的階段性成果
【分類號(hào)】:D931.3;DD912.29
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1 張舫;;美國(guó)“一股一權(quán)”制度的興衰及其啟示[J];現(xiàn)代法學(xué);2012年02期
,本文編號(hào):1642075
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