Primary Registration of Stock Corporations

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Primary Registration of Stock...

CASH PAYMENT FOR SUBSCRIPTION

Schedule of Availability of Service

Mondays to Fridays, 8:00am-5:00pm without noon break

Who may avail of the Service?

All applicant corporations thru their representatives

What are the BASIC requirements?

1. Cover Sheet

2. Reservation Payment Confirmation

3. Articles of Incorporation (AI)

4. By-laws (BL)

5. Treasurer`s Affidavit (for stock)

6. Joint Undertaking to Change Name

What are the documentary requirements?

View Documentary Requirements

What business activity requires minimum paid up capital?

View Minimum Paid up Capital

What business activity requires clearances from other SEC departments and endorsements from other government agencies?

View clearances from other SEC departments and endorsements from other government agencies

How to Avail of the Service?

STEP DURATION	APPLICANT/CLIENT	SERVICE PROVIDER	GUIDELINES	FEES
1 10 mins.	Verify or reserve proposed name	If proposed name is allowed by the system, the reservation and confirmation notice is printed and given to the applicant;	MC # 3, s. 2017	P100.00 /reservation for 30 days;
2 10-20 mins.	Present Articles of Incorporation and By-Laws at the Green Lane Unit Registration Division, Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City	Check the document presented. If complete, advise the registrant to pay the filing fee. If not, advise applicant to comply with requirements	MC#15, s. 2001 MC#2, s. 2005 MC#3, s. 2005 MC#8, s. 2005 MC#6, s. 2012 MC#8, s. 2012 MC#14, s. 2013 MC#21, s. 2013 MC#5, s. 2015 MC#6, s. 2015 MC#8, s. 2015Provisions of the Corporation Code of the PhilippinesProvisions of the Corporation Code of the Philippines, SEC rules and regulations and other existing laws.Anti-Dummy law requirements on composition of the BoardM.C. No, 8 s. of 2013 on Filipino-foreign ownership on nationalized and partly nationalized activitiesE.O. 389: 9th Foreign Investment Negative ListM.C. No. 3 s of 2006 on principal office and SEC MC No. 6 s. of 2014 on amendment of the principal office addressSEC Resolution dated September 18, 2003 on the date of annual meeting E.O. 98 dated April 28, 1999 on Tax Identification Number (TIN) MC No. 1 s. of 2013 on mandatory TIN of foreign investors	Filing fee for stock corporation: 1/5 of 1% of the authorized capital stock but not less than P2,000.00 plus 1% of the amount as legal research fee; Registration fee for By-Laws of stock corporation is P1,010.00 MC#3 s.2017
3 5 mins.	Pay filing fee at the Cashier located at the Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City	After receipt of application, CPRD staff generates the Certificate of Incorporation bearing applicant`s SEC registration no. and Unified Registration Report (URR)		None
4 5 mins.	Present Official Receipt to Releasing Unit, Ground Floor, Secretariat Bldg., PICC Complex, Roxas Boulevard Pasay City to get the Certificate of Incorporation	Asst. Director reviews the application and forwards it for approval of CRMD Director.		None

Note :Duration of activity under normal circumstances

NON CASH PAYMENT FOR SUBSCRIPTION