Read also: ONLINE OR VIRTUAL NOTARIZATION Securities and Exchange Commission will accept for registration Articles of Incorporation that are accompanied by a Certificate of Authentication signed by all incorporators in the form prescribed by the Commission. And through the mode of authentication, both the Articles of Incorporation and the Certificate of Authentication need not be Read more about CERTIFICATE OF AUTHENTICATION IN LIEU OF NOTARIZATION OF ARTICLES OF INCORPORATION[…]

After reading “What are Corporate Powers?”, read also “What are covered institutions under the Anti-Money Laundering Act?“ A corporation is empowered to exercise any act which is in direct and immediate furtherance of its business. No corporation shall possess or exercise corporate powers other than those conferred by the Revised Corporation Code of the Philippines Read more about WHAT ARE CORPORATE POWERS?[…]

Image Source Published — May 16, 2020  The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about Closure of Business[…]

After reading “What are Treasury Shares?”, read also “When is tender offer in securities mandatory?” Treasury shares are shares of stock which have been issued and fully paid for, but subsequently reacquired by the issuing corporation by purchase, redemption, donation or through some other lawful means. Such shares may again be disposed of for a Read more about WHAT ARE TREASURY SHARES?[…]

Image Source Published — December 15, 2020  The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about PREQUALIFICATION OF FOREIGN RETAILERS UNDER REPUBLIC ACT NO. 8762[…]

After learning about stock and non-stock corporation you may also read: How foreign corporation can do business in the Philippines In answering the query, we must first know what is meant by a Corporation. Under Batas Pambansa Blg. 68 or otherwise known as the Corporation Code of the Philippines (Code henceforth), a corporation is defined Read more about WHEN DOES STOCK CORPORATION BECOME NON-STOCK?[…]

The topics below may be relevant to your daily activities and will aid you to be updated to our current laws. The articles are for general information and educational purposes only, and not offered and do not constitute legal advice or legal opinion; where the facts and circumstances warrant.   WHAT ARE THE MODES OF Read more about Legal Developments[…]

Read also: MAY A DIRECTOR OF A STOCK CORPORATION BE REMOVED FROM OFFICE? The Revised Corporation Code which took effect on February 2, 2019 removed the absolute requirement of having a minimum of five (5) individuals in the formation of corporations. Further, the law now allows the establishment of a One-Person Corporation (OPC) composed of Read more about Reducing the Number of Stockholder[…]

Aside from knowing about payment of balance of subscription, read also: WHAT IS A SUBSCRIPTION CONTRACT? Subscription is a contract for the acquisition of unissued stock in an existing or still to be formed corporation Payment of unpaid subscription shall be made on the date specified in the subscription contract The calls for the payment Read more about PAYMENT OF BALANCE OF SUBSCRIPTION[…]

Image Source Published — March 8, 2018 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about Creditor’s guide in ensuring truth in lending[…]