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 KINDS OF CORPORATE MEETINGS UNDER PHILIPPINE LAW[…]
The AMLC may inquire into or examine any particular deposit or investment with any banking institution or non-bank financial institution upon order of any competent court in cases of violation of the Anti-Money Laundering Act. The AMLC may only do so when it has been established that there is probable cause that the deposits or Read more about WHO HAS AUTHORITY TO INQUIRE INTO BANK DEPOSITS?[…]
After reading Effects When a Board Meeting of a Close Corporation is Unnecessary or Improperly Held , read also Effects if a Stock of a Close Corporation is Issued or Transferred in Breach of Qualifying Conditions Meetings of a corporation may be regular or special A written notice of the meetings must be sent to Read more about EFFECTS WHEN A BOARD MEETING OF A CLOSE CORPORATION IS UNNECESSARY OR IMPROPERLY HELD[…]
From ANTI-MONEY LAUNDERING ACT to What you need to know about the Bank Secrecy Law Banks, insurance companies, brokers, and salesmen are covered institutions Covered institutions are required to establish and record the true identity of its clients based on official documents Covered institutions shall report all covered transactions within five (5) working days from Read more about ON COVERED INSTITUTIONS UNDER ANTI-MONEY LAUNDERING ACT[…]
Image Source Published — May 4, 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 How to register your corporation with the SEC[…]
After reading “What are Variable Contracts?”, read also “What are Quasi-Contracts?” Variable contracts refer to any policy or contract issued by an insurance company providing for benefits under such contract that reflects investment results. Variable contracts can either be investment-linked or equity-linked. The Insurance Commissioner shall have the sole and exclusive authority to regulate the Read more about WHAT ARE VARIABLE CONTRACTS?[…]
Image Source Published — June 10, 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 PRIORITY OF SECURITY INTEREST UNDER PERSONAL PROPERTY SECURITY ACT[…]
Image Source Published — May 23, 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 REQUIREMENTS UNDER REAL ESTATE INVESTMENT TRUST (REIT)[…]
After reading On Investment of the Trust Fund under the Pre-Need Code of the Philippines, read also When should an Employee file all his Money Claims arising from Employer-Employee Relationship? To ensure the liquidity of the trust fund, all investments of the trust fund/s of a pre-need company shall be limited Investments in duly registered collective Read more about ON INVESTMENT OF THE TRUST FUND UNDER THE PRE-NEED CODE OF THE PHILIPPINES[…]
After reading “What are Redeemable Shares?”, read also “What are Founders’ Shares?” Redeemable Shares are shares which may be purchased by the corporation from the holders of such shares upon the expiration of a fixed period. Redeemable Shares are either compulsory or optional. Redemption may not be made where the corporation is insolvent or if Read more about WHAT ARE REDEEMABLE SHARES?[…]
