Is it possible to include several industrial designs in a single registration application?
Multiple industrial designs may share one application if they belong to the same classification or article set.
What is done after an application passes the formality examination?
After formal compliance, the IPO classifies the application and conducts a prior?art search.
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What are the requirements for the number and term of trustees for an educational institution organized as a nonstock corporation?
What are the requirements for the number and term of trustees for an educational institution organized as a nonstock corporation? Trustees of educational institutions organized as nonstock corporations shall be not less than five (5) nor more than fifteen (15), provided that the total number of trustees must be in multiples of five (5) (SEC.
What fundamental right must always be retained by at least one class of shares?
What fundamental right must always be retained by at least one class of shares? While certain shares, such as preferred or redeemable shares, may be deprived of voting rights, the Code mandates that there shall always be a class or series of shares with complete voting rights (SEC. 6, Revised Corporation Code of the Philippines).
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What are the two primary classes of corporations recognized by the Code?
What are the two primary classes of corporations recognized by the Code? Corporations formed under this Code are broadly classified into either stock or nonstock corporations (SEC. 3, Revised Corporation Code of the Philippines). Stock corporations are uniquely characterized by having capital stock divided into shares, representing ownership interests. They are authorized to distribute dividends
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