Managing a corporation may be complicated especially for the newly created one and for a corporation which may venture to entering into a contract with another corporation. To effectively capitalize on the powers granted to the corporation by law (Revised Corporation Code), knowing or revisiting its powers conferred by law is essential. I. GENERAL POWERS Read more about KNOWING THE POWERS OF YOUR CORPORATION[…]
Image Source Published — June 30, 2017 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 Trust as tool for securing corporate assets from dissipation[…]
Read also: Outlawing monopolies and promoting market competition The enactment of Republic Act No. 10667 (RA 10667) or the Philippine Competition Act of 2015 (PCA) is a breakthrough legislation in the Philippines as it is the only law primarily focused on competition policies which are matters that are hardly discussed in any jurisprudence. Competition laws Read more about Suppressing the Predators in Business: A Brief Discussion on the Philippine Competition Act of 2015 (Republic Act No. 10667)[…]
Image Source Published — March 15, 2019 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 The Basics on How to Form a Corporation in the Philippines[…]
Image Source Published — April 1, 2021 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 PROSECUTION OF MONEY LAUNDERING[…]
Image Source Published — June 1, 2022 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 Extension of the Mandatory Grace Period for Loans during the Modified Enhanced Community Quarantine/General Community Quarantine Period[…]
Read also: Trust as tool for securing corporate assets from dissipation A corporation may sell its assets In selling corporate assets, a majority vote of its board of directors or trustees is required If the sale is of all or substantially all of the corporation’s properties and assets, it must be authorized by the vote Read more about SHAREHOLDERS’ APPROVAL ON SALE OF CORPORATE ASSETS[…]
Forming and maintaining a corporation does not start and end with the submission of the Articles of Incorporation, By-Laws, Treasurer’s Affidavit and General Information Sheet with the Securities and Exchange Commission (SEC). It entails more than that. Being a director and/or officer of the corporation is not just an empty proclamation in writing. It encompasses Read more about HAVING YOUR OWN CORPORATION: Qualifications, Rights and Responsibilities of Directors and Officers[…]
After reading What is Agri-Agra Reform Credit Act of 2009?, read also Infusion of Foreign Equity in the Capital of Rural Banks The State promotes rural development by enhancing access of the rural agricultural sector to financial services and programs Agricultural and agrarian reform credit consist of loan activities and purposes Banking institutions shall set Read more about WHAT IS AGRI-AGRA REFORM CREDIT ACT OF 2009?[…]
After reading What is a Foreign Corporation?, read also Effects if a Stock of a Close Corporation is issued or Transferred in Breach of Qualifying Conditions A foreign corporation is one formed under laws other than those of the Philippines’ and whose laws allow Filipino citizens and corporations to do business in its own country Read more about WHAT IS A FOREIGN CORPORATION?[…]
