Registration, incorporation of stock corporation
Under the Corporation Code, before a stock corporation may be incorporated and registered, it is required that at least twenty five percent (25%) of its authorized capital stock as stated in the articles of incorporation, be first subscribed at the time of incorporation, and at least twenty five percent (25%) of the total subscription, be paid upon subscription.[1]
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[1] Section 13, Corporation Code of the Philippines.
[2] Registration requirements accessed from:
http://iregister.sec.gov.ph/PDFs/registration%20of%20corporations%20and%20partnerships.pdf