Philippines Business Registration

Archive for securities and exchange commission

Philippines Government Agencies

The Philippines has numerous government agencies making it one of the most bureaucratic countries in South East Asia. It takes time to know exactly what process each agency handles. To make it easier here is our Philippine Government Agency guide. For those who want to streamline the processing of their documents with the government, Dayanan… Read More »

9th Regular Foreign Investment Negative List A

9th Regular Foreign Investment Negative List A LIST A: FOREIGN OWNERSHIP IS LIMITED BY MANDATE OF THE CONSTITUTION AND SPECIFIC LAWS No Foreign Equity 1. Mass Media except recording (Art. XVI, Sec.11 of the Constitution; Presidential Memorandum dated 04 May 1994) 2. Practice of all professions *1 (Art. XII, Sec.14 of the Constitution, Sec. 1… Read More »

The Corporation Code of the Philippines 16

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE XVI MISCELLANEOUS PROVISIONS Section 137. Outstanding capital stock defined. – The term “outstanding capital stock”, as used in this Code, means the total shares of stock issued under binding subscription agreements to subscribers or stockholders, whether or not fully or partially paid, except treasury… Read More »

The Corporation Code of the Philippines 15

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE XV FOREIGN CORPORATIONS Section 123. Definition and rights of foreign corporations. – For the purposes of this Code, a foreign corporation is one formed, organized or existing under any laws other than those of the Philippines and whose laws allow Filipino citizens and corporations… Read More »

The Corporation Code of the Philippines 13

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE XIII SPECIAL CORPORATIONS Chapter I – Educational Corporations Section 106. Incorporation. – Educational corporations shall be governed by special laws and by the general provisions of this Code. (n) Section 107. Pre-requisites to incorporation. – Except upon favorable recommendation of the Ministry of Education… Read More »

The Corporation Code of the Philippines 11

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE XI NON-STOCK CORPORATIONS Section 87. Definition. – For the purposes of this Code, a non-stock corporation is one where no part of its income is distributable as dividends to its members, trustees, or officers, subject to the provisions of this Code on dissolution: Provided,… Read More »

The Corporation Code of the Philippines 7

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE VII STOCKS AND STOCKHOLDERS Section 60. Subscription contract. – Any contract for the acquisition of unissued stock in an existing corporation or a corporation still to be formed shall be deemed a subscription within the meaning of this Title, notwithstanding the fact that the… Read More »

The Corporation Code of the Philippines 5

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE V BY LAWS Section 46. Adoption of by-laws. – Every corporation formed under this Code must, within one (1) month after receipt of official notice of the issuance of its certificate of incorporation by the Securities and Exchange Commission, adopt a code of by-laws… Read More »

The Corporation Code of the Philippines 2

THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE II INCORPORATION AND ORGANIZATION OF PRIVATE CORPORATIONS Sec. 10. Number and qualifications of incorporators. – Any number of natural persons not less than five (5) but not more than fifteen (15), all of legal age and a majority of whom are residents of the… Read More »

Implementing Rules & Regulations ff the Foreign Investments Act of 1991

[Republic Act No. 7042] AN ACT TO PROMOTE FOREIGN INVESTMENTS, PRESCRIBE THE PROCEDURES FOR REGISTERING ENTERPRISES DOING BUSINESS IN THE PHILIPPINES AND FOR OTHER PURPOSES RULE I DEFINITIONS SECTION 1. Definition of Terms. – For the purpose of these Rules and Regulations: a.  “Act” shall refer to Republic Act 7042 entitled “An Act to Promote… Read More »