P5 News

Shonan Tax Office No. 158
December 2002

The Dormancy Company

        The Ministry of Justice starts consolidating companies which do not register 5 years from last month. This is based on the commercial law, and companies that have passed five years since October 1st, 2002 will be removed from registry until companies register again. The tenure of a director of a company is two years, and he/she has to register once two years. Those companies might be harmful. The ministry of Justice, therefore, consolidates companies once five years. If a company is subject to consolidate, The Ministry of Justice will send a company a notice, and then a company is able to register until December 1st, 2002. Furthermore, a company does not get a notice or letter from a registration office in any case. A company is able to start to proceed, so please use caution. 

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