What happens if founders fake paid-up capital?
Learn penalties and SEC consequences for misrepresentation of paid-up capital in SEC incorporation, including fines and revocation risks.
What happens if founders fake paid-up capital? Read More »
How to Open a Foreign-Owned Retail Business in the Philippines
Guide to foreign-owned retail Philippines: Retail Trade Liberalization Act rules, paid-up capital, store investment, SEC/DTI and BSP proof.
How to Open a Foreign-Owned Retail Business in the Philippines 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 details regarding capital structure must a stock corporation’s Articles of Incorporation set forth?
What details regarding capital structure must a stock corporation’s Articles of Incorporation set forth? If the corporation is a stock corporation, its Articles of Incorporation must detail the amount of its authorized capital stock, the number of shares into which this capital stock is divided, and the par value of each share (SEC. 13, Revised
