OFFICIAL GAZETTE

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Debentures, Etc. Registration Law, he shall
make the registration and submit the registration
certificate to the competent taxation office,
and while, with respect to the national bonds
registered in Class B national bonds registration
ledger, he shall deposit the certificate of
registered national bonds and submit the receipt
certificate of the deposit.
In case any person has offered as security
any property as enumerated in items 2 to 6 inclusive
of the preceding Article, the chief of
taxation office shall entrust the register or registration
of mortgage to the registry or registration
authority.
A person who intends to make the guarantee
with a guarantor as referred to in item 7 of
the preceding Article shall submit a document
certifying the guarantee by a guarantor to the
competent taxation office.
In Article 12 paragraph 1, "the demand charges
for taxpayment," shall be deleted.
In Article 13, "bailiff (shittatsuri)" shall be
amended as "bailiff (shikkori)".
Article 14 shall be amended as follows:
Article 14. Deleted.
In Article 17, "the demand charges for taxpayment"
shall be deleted; and the following two
Articles shall be added to the same Article:
Article 17-(2). In case the tax collector has released
the attachment of the property, if there
is any public charges or other obligation due
on the property concerned, he shall notify the
competent administrative organization, local
public body or creditor concerned to that effect,
- without delay.
Article 17-(3). A case where the exercise of
delinquency disposal may be postponed in accordance
with the provision of Article 12-(2)
paragraph 1 of the National Tax Collection Law
shall be the case where it is feared that business
of delinquent taxpayer is seriously impeded
if the delinquency disposal is taken and
also the case which comes under the following
cases:
1. Where even if the delinquency disposal is
taken against the delinquent taxpayer immediately,
the collectible money is less than
the national tax and disposal charges of delinquency
to be collected; or where it seems
seriously difficult to exercise the delinquency
disposal at once in view of the conditions of
property which is to be subject to the delinquency
disposal ;
2. Where a delinquent taxpayer seems to have
sincere intention for taxpayment in view of
affairs of the taxpayment in the past;
3. Where a delinquent taxpayer seems to be
able to increase in capacity of payment of na-
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tional tax and disposal charges or delinquency
within three-year-period in view of business
activities of delinquent taxpayer, conditions
of profits and of borrowing capacity, etc.
The postponement of the delinquency disposal
under the provision of Article 12-(2) paragraph
1 of the National Tax Collection Law shall be
made by way of postponement of the public sale
(including the purchase by the Government and
the sale by way of private contract) of a delinquent
taxpayer's property; provided that, the
attachment may be postponed or released for
the property for which, if the attachment is
made, it is feared that it seriously impedes the
business activity.
Article 19 item 3 shall be amended as follows:
3. Method of public sale (in a case by way
of tender under the provision of Article 25-
(2) paragraph 1, such method of tendering),
place of tender and date thereof.
The following three Article shall be added next
to Article 25:
Article 25-(2). In a case where many properties
in the same kind and with the same value are
put on the public sale by way of plural tenders
at one time, if the tax collector recognizes any
necessity, the tax collector shall make a person
who intends to purchase the properties concerned
tender with respect to the quantity and unit
price the tenderer wants to the extent of the
quantity of the properties concerned, and the
tax collector may determine successful tenders
from the highest unit price tenderer to lower
unit price tenderers in order, not less than the
estimated unit price, to the extent of quantity
of the properties concerned.
In the case under the preceding paragraph,
if the total quantity of successful tendering of
the lowest successful tender and other successful
tenderers exceeds the quantity of the properties
concerned, the quantity in excess shall
be deemed not to have been tendered.
Article 25-(3). In a case where successful tenderers
are determined in accordance with the
provisions of paragraph 1 of the preceding Article,
if there are two or more tenderers who
made the tender at the same price, a tenderer
whose tendering quantity is largest shall be the
successful tenderer with priority and if their
tendering quantities are equal, the successful
tenderer shall be determined by lottery.
Article 25-(4). In a case where the successful
tender was determined in accordance with the
provision of Article 25-(2) paragraph 1, if there
is any successful,tenderer who does not conclude
the selling contract, the quantity deemed not
to have been tendered in accordance with the
provision of paragraph 2 of the same Article