One Person Corporation (OPC)

The SEC Commission En Banc has already issued and approved the Guidelines on the Establishment of a One Person Corporation (OPC) under Memorandum Circular No. 7, Series of 2019. Under the Guidelines, a natural person, trust or estate may form an OPC. The “trust”, however, does not refer to a trust entity, but to the … Continue reading One Person Corporation (OPC)

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2017 STATEMENT OF MANAGEMENT’S RESPONSIBILITY (SMR) FOR SEC

For those searching for a copy of the latest, year 2016 - 2017,  Statement of Management's Responsibility (SMR) for the Securities and Exchange Commission (SEC).  Here it is:     LETTER HEAD OF THE COMPANY            STATEMENT OF MANAGEMENT’S RESPONSIBILITY _____________, 2017 The Securities and Exchange Commission SEC Building Mandaluyong City, Metro-Manila The management of … Continue reading 2017 STATEMENT OF MANAGEMENT’S RESPONSIBILITY (SMR) FOR SEC

CORPORATION : BOARD OF DIRECTORS/TRUSTEES/OFFICERS

Corporate Code of the Philippines [Sec. 23-35] TITLE III : BOARD OF DIRECTORS/TRUSTEES/OFFICERS Sec. 23. The board of directors or trustees. – Unless otherwise provided in this Code, the corporate powers of all corporations formed under this Code shall be exercised, all business conducted and all property of such corporations controlled and held by the board … Continue reading CORPORATION : BOARD OF DIRECTORS/TRUSTEES/OFFICERS

Increase of capitalization thru cash

Basic Requirements:1) Certificate of Increase of Capital Stock;2) Treasurer's Affidavit certifying the increase of capital stock, the amount subscribed and the amount received as payment thereto;3) List of stockholders as of date of meeting approving the increase, indicating their nationalities and their respective subscribed and paid-up capital on the present authorized capital stock certified by … Continue reading Increase of capitalization thru cash

How to register a NON-Stock, NON-Profit CORPORATION with the Philippines SEC

This blog is having a lot of queries on how to register a non-stock and non-profit corporation. Thus, I thought that it's about time to write one for all the readers and by passer out there. Anyhow, I tried to run a query via google search engine, and some relevant sites came up with the … Continue reading How to register a NON-Stock, NON-Profit CORPORATION with the Philippines SEC