What is the minimum consideration and accounting treatment for no-par value shares?
No-par value shares must be issued for a consideration of at least Five pesos (P5.00) per share (SEC. 6, Revised Corporation Code of the Philippines). This minimum consideration serves as a statutory floor for their issuance price. Crucially, the entire consideration received by the corporation for these no-par value shares is treated as capital for accounting purposes. This capital amount is expressly prohibited from being available for subsequent distribution as dividends, reinforcing the stability of the corporation’s stated capital.
30 October 2025
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