Subscription Requirements

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1. Under RCC section 10, each incorporator of a stock corporation must own or subscribe to at least how many shares?
2. What is the general rule under RCC section 12 concerning minimum capital stock?
3. Which subscription information must the articles contain under section 13(h)?
4. An ordinary stock corporation not subject to a special-law capital minimum is told that the old universal initial 25%-s…
5. A company covered by a special law prescribing minimum capital argues that section 12 cancels that requirement. Is it c…
6. A corporation seeks a cash-funded capital increase of P4,000,000 under section 37. Assume only the statutory minimum su…
7. A proposed P8,000,000 cash capital increase has P2,000,000 subscribed but only P400,000 paid. All voting approvals are …
8. State the RCC’s basic initial subscription requirements for an ordinary stock corporation, distinguishing special-law c…
9. Distinguish initial incorporation from the subscription and payment showing for a capital increase under section 37.
10. For a P12,000,000 cash capital increase, compute section 37’s minimum subscription and payment. Assume no special rule …
11. Under Section 59, does naming a contract a purchase prevent it from being a subscription for unissued shares?
12. What minimum irrevocability period does Section 60 state for pre-incorporation subscriptions, subject to its qualificat…