Académique Documents
Professionnel Documents
Culture Documents
All applications and supporting documents must be in four (4) copies and
have cover sheets.
All applications must indicate the Tax Identification Number (TIN) of the
incorporators, stockholders/members for corporations, and partners for partnerships.
I. Registration of Corporations
A. Stock Corporation
Basic Requirements
Additional Requirements
a. Cash
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(market value/assessed value/zonal value or
appraised value), signed by the treasurer of the
corporation;
5. Deed of assignment;
c. Untitled Land
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should, in addition, be submitted:
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Sections 3 and 113 of PD No. 1529;
d. Inventories/Furniture/Personal Properties
f. Shares of Stock
g. Motor Vehicles
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existing and in good condition; and
h. Sea Vessel/Aircraft
i. Intangibles
Notes:
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applicable
B. Non-Stock Corporation
Basic Requirements
1. Application Form
Basic Requirements
Additional requirements
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IV. Other Applications
A. For Corporations
Additional Requirements
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corporate secretary, certifying to (i) the amendment of the
By-laws, indicating the amended provisions, (ii) the vote of
the directors or trustees and stockholders or members, (iii)
the date and place of the stockholders' or members' meeting,
and (iv) the tax identification number of the signatories
which shall be placed below their names.
Basic Requirements
A. Cash EXCEPT
i. listed companies
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iii. companies that offer or sell securities to the public
1. Subscription Contract.
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b) List of stockholders of record with their respective
subscribed and paid-up before and after the
increase and list of subscribers to the increase with
their respective subscription and payment as
presented to and approved by the SSP.
D. Stock dividends
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secretary; and
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V. Reclassification/Declassification/Conversion of Shares
VI. Merger/Consolidation
1. Articles of Merger/Consolidation;
2. Plan of Merger/Consolidation;
Notes:
Mode of payment:
2. Form F-10-1
d. Merger or Consolidation
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business section of a national newspaper of general
circulation in the Philippines of the notice of time, place and
object of the meeting where the dissolution of the
corporation was approved; and
Additional requirements
Note: In cases where there are creditors and the consent of the
creditors was not secured, the application should be in the form of
a petition to be filed with Office of General Counsel of the SEC.
IX. Quasi-Reorganization
X. Equity Restructuring
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1. Letter requesting approval for the creation of the additional
paid in capital;
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stamped received by the SEC and the BIR; SCEHaD
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Note: For additional requirements in case the payment to
subscription came in after the balance sheet date: Refer to the
additional requirements for Increase of Authorized Capital Stock
depending on the kind of payment on subscription.
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7. Sample form of the mortgaged bond certificate to be issued.
B. For Partnerships
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II. Amended Articles of Partnership (to change partners)
Basic Requirements
Additional requirements
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a. Amendment of corporate/partnership name
Basic Requirements
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Additional Requirements
Basic Requirements
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MINIMUM PAID-UP CAPITAL REQUIREMENT
Based on Industry:
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Pre-elementary/Elementary Education P1,000,000.00
Elementary & Secondary Education P2,500,000.00
Elementary, Secondary, Tertiary P5,000,000.00
Post/Graduate Education
Security Agency P500,000.00
Securities Broker/Dealer P100,000,000.00
(New/SRO-Member)
Securities Broker/Dealer P30,000,000.00
(Existing/SRO-Member)
Securities Broker/Dealer in Proprietary Shares P5,000,000.00
(Non-SRO-Member)
Special Purpose Vehicle P31,250,000.00
Special Purpose Corporation P5,000,000.00
Secondary Mortgage Institution (SMI) P2,000,000,000.00
Servicer for special purpose corporation
*Required Authorized Capital Stock
(P10,000,000.00)
Transfer Agent P1,000,000.00
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Functions
d. Educational Institutions:
(stock & non-stock)
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June 9, 1992
The notice of the declaration and/or issuance of the property dividends shall
show, in scheduled form, the nature of property declared as dividends, their individual
book values and market values, if any, and the manner in which such property are
distributed to the stockholders.
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SECTION 7. These rules shall take effect fifteen (15) days after their
publication in two (2) newspapers of general circulation in the Philippines.
The record date shall not be less than ten (10) days nor more than thirty (30)
days from the date of approval by the stockholders. In case no record date is
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specified, then the same shall ipso facto be deemed fixed at fifteen ( 15) days from
such declaration.
In the event any suspensive condition is not fulfilled within the period
above-described, the dividend so declared shall be deemed cancelled and without
further effect.
The record date for such declaration shall be not less than ten (10) days nor
more than thirty (30) days from the fulfillment of such suspensive condition.
b) Within forty-five (45) days from the date of the approval by the
stockholders, the application for increase in authorized capital
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stock and for the registration of the securities must be filed with
the Securities and Exchange Commission together with all
requirements necessary for approval;
d) The record date of such declaration shall not be less than ten (10)
days nor more than thirty (30) days after all clearances and
approvals by the Commission shall have been secured. prcd
SECTION 6. All certificates of stocks shall be issued and all cash and
property dividends shall be paid within thirty (30) days from record date of
corporations having 10,000 stockholders or less and forty-five (45) days from record
date for corporations having more than 10,000 stockholders.
a) a fine of no less than two hundred (P200.00) pesos nor more than
fifty thousand (P50,000.00) pesos plus not more than five hundred
(P500.00) pesos for each day of continuing violation;
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The imposition of the foregoing administrative sanctions shall be without
prejudice to the filing of criminal charges against the individuals responsible for the
violation.
SECTION 10. These Rules shall take effect immediately after the
publication in two (2) newspapers of general circulation in the Philippines for two (2)
consecutive weeks. cdtai
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Endnotes
1 (Popup - Popup)
* Note from the Publisher: Copied verbatim from the official copy.
2 (Popup - Popup)
* Note from the Publisher: Copied verbatim from the official copy. Missing letter "i".
3 (Popup - Popup)
* Note from the Publisher: Copied verbatim from the official copy.
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