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364. (a) The Minister may prescribe, after
consulting with the Securities Authority, that the provisions of this Law that
apply to public companies shall not apply, in whole or in part, to public
companies whose shares have been offered to the public outside Israel only, or
that are registered on stock exchanges outside Israel only, whether generally or
in respect of classes, as the Minister may prescribe.
(b) The Minister may
prescribe, after consulting with the Securities Authority, that the provisions
of this Law that apply to public companies shall not apply, in whole or in part,
to public companies whose shares are registered on the stock exchange in Israel
and on a stock exchange outside Israel, inter alia so as to prevent
conflicts between foreign laws or between rules laid down in stock exchanges
outside Israel, and the provisions of this Law.
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Limitation on application
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365. (a) A public company whose shares have been
offered to the public outside Israel only or that are listed for trading on a
stock exchange outside Israel only shall file reports with the Registrar of
Companies as if they were private companies, with such alterations as the
Minister may prescribe.
(b) The Minister may,
after consulting with the Securities Authority, prescribe that subsection (a)
shall not apply to public companies referred to therein, in general or according
to classes, as he may prescribe; where the Minister has so prescribed, the
provisions of sections 142 to 145 shall apply to such companies.
(c) The provisions of
Chapter 4 shall apply to a public company to which the provisions of subsection
(a) apply, as if it were a private company.
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Duties as to reporting
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366. (a) The Minister may make regulations for the
implementation of this Law.
(b) Regulations under
this Law shall require the approval of the Constitution, Law and Justice
Committee of the Knesset.
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Performance and regulations
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