corporate lawyer

How must amendments to the Articles of Incorporation be indicated upon filing?

Legal Answers /

How must amendments to the Articles of Incorporation be indicated upon filing? Amendments to the articles of incorporation must be clearly indicated by underscoring the change or changes made to the text (SEC. 15, Revised Corporation Code of the Philippines). A copy of the amended articles must be submitted to the SEC, duly certified under […]

How must amendments to the Articles of Incorporation be indicated upon filing? Read More »

Name two specific grounds upon which the SEC may disapprove the Articles of Incorporation.

Legal Answers /

Name two specific grounds upon which the SEC may disapprove the Articles of Incorporation. One ground for disapproval is if the Articles of Incorporation or any amendment thereto is not substantially in accordance with the form prescribed in the Code (SEC. 16, Revised Corporation Code of the Philippines). Another critical ground is if the purpose

Name two specific grounds upon which the SEC may disapprove the Articles of Incorporation. Read More »

Under what conditions is a corporate name considered not distinguishable from an existing name?

Legal Answers /

Under what conditions is a corporate name considered not distinguishable from an existing name? A corporate name is considered not distinguishable if it contains generic additions such as the word “corporation”, “company”, “incorporated”, “limited”, “limited liability”, or an abbreviation of one of such words (SEC. 17, Revised Corporation Code of the Philippines). Similarly, a name

Under what conditions is a corporate name considered not distinguishable from an existing name? Read More »

When does the corporate existence and juridical personality of a private corporation commence?

Legal Answers /

When does the corporate existence and juridical personality of a private corporation commence? The corporate existence and juridical personality of a private corporation organized under this Code commence from the date the SEC issues the certificate of incorporation under its official seal (SEC. 18, Revised Corporation Code of the Philippines). Prior to this, the incorporators

When does the corporate existence and juridical personality of a private corporation commence? Read More »

How is the due incorporation of a de facto corporation challenged?

Legal Answers /

How is the due incorporation of a de facto corporation challenged? The due incorporation of any corporation claiming in good faith to be a de facto corporation and its right to exercise corporate powers shall not be inquired into collaterally in any private suit to which such corporation may be a party (SEC. 19, Revised

How is the due incorporation of a de facto corporation challenged? Read More »

What is the liability of persons who act as a corporation without proper authority?

Legal Answers /

What is the liability of persons who act as a corporation without proper authority? All persons who assume to act as a corporation knowing they lack the authority to do so shall be liable as general partners for any resulting debts, liabilities, and damages incurred (SEC. 20, Revised Corporation Code of the Philippines). This imposition

What is the liability of persons who act as a corporation without proper authority? Read More »

What are the consequences if a corporation fails to formally organize and commence business?

Legal Answers /

What are the consequences if a corporation fails to formally organize and commence business? If a corporation fails to formally organize and commence its business within five (5) years from the date of its incorporation, its certificate of incorporation is automatically deemed revoked (SEC. 21, Revised Corporation Code of the Philippines). This revocation takes effect

What are the consequences if a corporation fails to formally organize and commence business? Read More »

What procedure is followed if a corporation commences business but becomes continuously inoperative?

Legal Answers /

What procedure is followed if a corporation commences business but becomes continuously inoperative? If a corporation has commenced its business but subsequently becomes inoperative for a period of at least five (5) consecutive years, the SEC may place it under delinquent status after due notice and hearing (SEC. 21, Revised Corporation Code of the Philippines).

What procedure is followed if a corporation commences business but becomes continuously inoperative? Read More »

What are the fundamental roles and responsibilities of the board of directors or trustees?

Legal Answers /

What are the fundamental roles and responsibilities of the board of directors or trustees? The board of directors or trustees is vested with the power to exercise the corporate powers, which are the fundamental legal capabilities of the entity (SEC. 22, Revised Corporation Code of the Philippines). The board is also responsible for conducting all

What are the fundamental roles and responsibilities of the board of directors or trustees? Read More »

What are the term lengths and qualification requirements for directors and trustees?

Legal Answers /

What are the term lengths and qualification requirements for directors and trustees? Directors in a stock corporation are elected for a fixed term of one (1) year and must be holders of stocks registered in the corporation’s books (SEC. 22, Revised Corporation Code of the Philippines). Trustees in a nonstock corporation are elected for a

What are the term lengths and qualification requirements for directors and trustees? Read More »

Contact us Now!

CONTACT FORM

    ABOUT THE FIRM

    A full-service law firm dedicated to delivering a broad range of quality legal services which large firms are able to deliver but with the personal touch which only small firms can provide. We are located at the bustling Ortigas Central Business District in Pasig City, Metro Manila, Philippines.

    CONTACT US

    OUR PRACTICE AREAS

    OFFICE HOURS

    • Monday 8:30AM - 5:30PM
    • Tuesday 8:30AM - 5:30PM
    • Wednesday 8:30AM - 5:30PM
    • Thursday 8:30AM - 5:30PM
    • Friday 8:30AM - 5:30PM
    • Saturday Closed - Closed
    • Sunday Closed - Closed