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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

Scenario:

John and Jane are planning to start a business in the Philippines. They want to incorporate their business and are in the process of organizing their company. One of the key considerations for them is the capitalization of their corporation.

Question:

Under Section 12 of the Corporation Code, what are the requirements and limitations for the capitalization of a corporation in the Philippines?

  1. List and explain the requirements for the capitalization of a corporation in the Philippines.
  2. What are the limitations imposed on the capitalization of a corporation in the Philippines?


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Bar Review Question: Subject: Incorporation and Organization Scenario: John and Jane are planning to start a business