Increase

What are the requirements and vote for a corporation to increase or decrease its capital stock?

What are the requirements and vote for a corporation to increase or decrease its capital stock? Any action to increase or decrease the capital stock or to incur, create, or increase any bonded indebtedness must be approved by a majority vote of the board of directors (SEC. 37, Revised Corporation Code of the Philippines). This […]

What are the requirements and vote for a corporation to increase or decrease its capital stock? Read More »

What sworn statement regarding payment must accompany a certificate of increase of capital stock?

What sworn statement regarding payment must accompany a certificate of increase of capital stock? For the SEC to accept for filing any certificate of increase of capital stock, it must be accompanied by a sworn statement of the treasurer of the corporation (SEC. 37, Revised Corporation Code of the Philippines). This statement must explicitly show

What sworn statement regarding payment must accompany a certificate of increase of capital stock? Read More »