|
|
|
|
LEGAL
BASIS (Basic Law)
|
BATASANG
PAMBANSA BLG. 68
|
|
QUALIFICATION
FOR REGISTRATION
|
-
group of at least 5 but not more than 15 incorporators/stock-
holders; majority should be residents of the
Philippines
- Paid-up
Capital must not be less than P 5,000.00,
however other types of activities may require
higher paid-up capital
|
|
REQUIREMENT
FOR REGISTRATION
|
Submit
7 copies of the
following :
- Articles
of Incorporation
- By-Laws
- Treasurer's
Affidavit
- Bank
Certificate of Deposit
- Authority
to verify Bank Account
- TIN
of Incorporators
-
Registration Data Sheet
|
|
INCENTIVES/
ADVANTAGES
|
The
right of the Corporation (not the individual incorporator)
:
-
to have a legal personality;
- to
enter into management contracts;
- acquire
properties; and
- transact
business
|
|
AGENCY/OFFICE
|
SECURITIES
& EXCHANGE COMMISSION
|
|
ADDRESS
|
4/f,
Danaque Bldg., Osmeņa Blvd., Cebu City
|
|
TEL.
& FAX NOS. (63-32)
|
253-6987;
253-7221; 253-5337; 52874 (fax)
|
|
|
|
|
CONTACT
PERSON POSITION
|
ATTY.
MERLE P. CUNANAN
Chief
|
|
FEES
|
Non-stock
Corp.: P 470.00 Stock depends on the
capital : 1/10 of 1% of paid-up capital
|
|
PROCESSING
TIME
|
one
(1) week if using
Express Lane
|
|
|
|
