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346. (a) A foreign company shall not keep a place
of business in Israel, and in particular shall not maintain an office for the
transfer of shares or for the registration of shares, unless registered as a
foreign company under the provisions of this section and unless it pays the
registration and publication fees prescribed by the Minister under this section.
(b) The application for
registration shall be submitted to the Registrar within one month of setting up
a place of business and the following documents shall be attached thereto:
(1) a copy and
translation into Hebrew, confirmed in the manner prescribed by the Minister, of
the documents under which the company is incorporated or pursuant to which it
operates, as required under the laws of the country in which it is incorporated,
including its articles of association, if any;
(2) a list of the
directors of the company;
(3) the name and address
of a person resident in Israel who is authorized to receive judicial documents
on behalf of the company, and to receive notices issued to the company;
(4) a copy certified in
the manner prescribed by the Minister, of a power of attorney authorizing a
person normally resident in Israel to act on behalf of the company in Israel.
(c) Where an alteration
occurs in a document or a change of the directors or the name or address of one
of the persons referred to in paragraphs (3) and (4) of subsection (b) is
altered, the company shall give notice thereof to the Registrar within fourteen
days of the date of the change. (d) The Minister may prescribe additional
documents that a foreign company must attach to an application for registration
and must notify the Registrar of any changes therein.
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