What financial condition must be met before a certificate of stock can be issued to a subscriber?
No certificate of stock shall be issued to a subscriber until the full amount of the subscription has been paid (SEC. 63, Revised Corporation Code of the Philippines). In addition to the principal subscription amount, any interest and expenses, particularly those related to delinquent shares, must also be paid if due. This strict requirement ensures that the subscriber has fulfilled their financial obligation to the corporation before receiving the formal evidence of ownership. This mandate helps maintain the integrity of the corporation’s stated capital and ensures only fully paid shares are formally recognized.
02 November 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
