What are the notice requirements for authorized termination?
Employers must formally issue a one-month written termination notice to the employee and DOLE under the Labor Code.
What are the notice requirements for authorized termination? Read More »
What are the notice requirements for authorized termination?
Employers must formally issue a one-month written termination notice to the employee and DOLE under the Labor Code.
What are the notice requirements for authorized termination? Read More »
Can a female employee extend her maternity leave beyond the paid period?
Republic Act No. 11210 allows an optional 30-day unpaid extension of maternity leave, provided the employer receives due notice.
Can a female employee extend her maternity leave beyond the paid period? Read More »
What details must be included in the notice accompanying a stockholders’ meeting when the meeting is for the election of directors?
What details must be included in the notice accompanying a stockholders’ meeting when the meeting is for the election of directors? Each notice of a stockholders’ meeting must be accompanied by several documents, including the agenda and a proxy form (SEC. 50, Revised Corporation Code of the Philippines). Specifically, when the meeting is scheduled for
What is the exception to the rule that all directors must sign a written consent to validate a board action taken without a meeting?
What is the exception to the rule that all directors must sign a written consent to validate a board action taken without a meeting? Section 100 provides several exceptions for close corporations where board action taken without a meeting is still deemed valid, primarily relying on unanimous consent or implied knowledge of the directors or
What critical information regarding legal service must a foreign corporation disclose in its license application?
What critical information regarding legal service must a foreign corporation disclose in its license application? The application for a license must specifically set forth the name and address of its resident agent authorized to accept summons and process in all legal proceedings (SEC. 142, Revised Corporation Code of the Philippines). This designation is mandatory, ensuring
What is the procedure for voluntary dissolution when no creditors are affected?
What is the procedure for voluntary dissolution when no creditors are affected? Voluntary dissolution where no creditors are prejudiced requires approval by a majority vote of the board of directors or trustees (SEC. 134, Revised Corporation Code of the Philippines). This must be followed by a resolution adopted by the affirmative vote of the stockholders
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What restrictions apply to the place of meetings for members of a nonstock corporation?
What restrictions apply to the place of meetings for members of a nonstock corporation? While the bylaws may authorize members of a nonstock corporation to hold their regular or special meetings at any place, even outside the principal office of the corporation, a specific geographic restriction remains (SEC. 92, Revised Corporation Code of the Philippines).
What restrictions apply to the place of meetings for members of a nonstock corporation? Read More »
Describe the procedure and timing for conducting a delinquency sale.
Describe the procedure and timing for conducting a delinquency sale. The board of directors initiates a delinquency sale by resolution, which must specifically state the amount due on each subscription, including all accrued interest (SEC. 67, Revised Corporation Code of the Philippines). The resolution must also fix the date, time, and place of the sale,
Describe the procedure and timing for conducting a delinquency sale. Read More »
What are the default timing and notice requirements for regular meetings of stockholders or members?
What are the default timing and notice requirements for regular meetings of stockholders or members? Regular meetings of stockholders or members shall be held annually on a date fixed in the bylaws; if not fixed, they shall be held on any date after April 15 of every year as determined by the board of directors
