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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ I. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code) ▸ C. Incorporation and Organization ▸ 3. Capitalization - Section 12

Question

Subject: Incorporation and Organization

Question:

You are the legal counsel for XYZ Corporation, a recently incorporated company in the Philippines. The company intends to raise capital through the issuance of shares of stock. However, the shareholders are deliberating on the capitalization structure of the corporation.

Given the scenario, answer the following questions:

  1. What is the minimum authorized capital stock required by law for a domestic corporation?
  2. Can the authorized capital stock be increased or decreased?
  3. What are the legal provisions governing the issuance of shares of stock?
  4. What are the consequences of non-compliance with the requirements for the issuance of shares of stock?


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Bar Review Question: Subject: Incorporation and Organization Question: You are the legal counsel for XYZ Corporation,