This article defines what is a Board Resolution. Corporate powers are exercised by the Board of Directors. A Board Resolution is a formal document which serves as evidence of the actions and matters taken by the directors of the corporation in the meeting duly held.
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This article is about the crime of perjury and its punishment. The crime of perjury is committed by any person who shall knowingly make untruthful statements or make an affidavit, upon any material matter and required by law. It is punishable by imprisonment of up to 2 years and four months.
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This article is about the crime of bigamy and its corresponding punishment. The crime of bigamy is committed by any person who shall contract a second or subsequent marriage before the former marriage has been legally dissolved. It is punishable by imprisonment of up to 12 years.
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This article is about the duties of a Corporate Secretary in corporate meetings. The Corporate Secretary is tasked to send out the notices of meetings, receive proxies, certify the existence of a quorum, note the vote of the directors, ensure the proper holding of the meeting and issue a Secretary’s Certificate to attest to what transpired during the meeting.
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This article talks about the term of existence of a corporation. Pursuant to the Revised Corporation Code, a corporation shall have a perpetual existence, unless its Articles of Incorporation provides otherwise. The existence of a corporation may be affected by shortening the corporate term, voluntary and involuntary dissolution.
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This article discusses what are descriptive trademarks. Descriptive trademarks are those which consist exclusively of signs or of indications that may serve in trade to designate the kind, quality, quantity, intended purpose, value, geographical origin, time or production of the goods or rendering of the services, or other characteristics of the goods or services. Pursuant to Sec. 123(j) of the IP Code, such trademarks cannot be registered in the Philippines.
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This Article discusses how to conduct board meetings under the Revised Corporation Code. Proper notices must be sent to the directors at least 2 days prior to the board meeting. The Chairman of the Board presides during the meeting and a quorum is necessary to transact corporate business. Directors who cannot attend physically may attend and vote through videoconferencing and other alternative modes of communication.
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The crime of grave threats is a crime committed by a person who shall threaten another with the infliction upon the person, honor or property of the latter or of his family of any wrong amounting to a crime.
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The crime of light threats is a crime committed by a person who shall threaten another with the infliction upon the person, honor or property of the latter or of his family of any wrong NOT constituting a crime and there is a demand for money or condition imposed. On the other hand, other light threats consist of threatening another with a weapon or other harm not constituting a crime during a quarrel.
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The Philippine legal system is a civil law system. This means that the Philippines relies on laws enacted by Congress to govern all matters – including Christmas, our favorite holiday. Christmas did not just become a holiday in the Philippines by tradition or religion. As with all red letter days and public holidays, there are laws that govern the celebration of Christmas as a holiday.
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