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Corporation Law

The Corporation Law in Philippines regulates and keeps things orderly in the business and corporate world. The Corporation Code of the Philippines (Batas Pambansa Bilang 68) was approved & became effective on 1st May 1980. The law governs the rules & regulations for the establishment of stock & non-stock corporations in Philippines. The Corporation Law includes 149 sections, which are grouped into 16 titles. The following is the basic outline of the Corporation Code of Philippines:
Title I – General Provisions
Title II – Incorporation and Organization of Private Corporations
Title III – Board of Directors/Trustees/Officers
Title IV – Powers of Corporations
Title V – By-Laws
Title VI – Meetings
TITLE VII – Stocks and Stockholders
Title VIII – Corporate Books and Records
Title IX – Merger and Consolidation
Title X – Appraisal Right
Title XI – Non-Stock Corporations
Title XII – Close Corporations
Title XIII – Special Corporations
Title XIV – Dissolution
Title XV – Foreign Corporations
Title XVI – Miscellaneous Provisions
The corporation law defines a corporation, classifies corporation (Stock or non-Stock Corporation), and discusses the classification of shares in a stock corporation, such as preferred stocks and common stocks. The Corporation Law also talks about the regulation on the adoption of by-laws, its contents, and its amendment. Moreover, it also includes rules on meetings of directors, stockholders, trustees, or even members (regular or special) in the corporation. Additionally, the rules on quorum & voting are also included in the code.
At Establish Philippines, we take care of each of your corporation law related issues. So, whether you are looking for corporate law services to establish business or want to carry your business operations smoothly, we are just a call away. Simply get in touch with us and hire the most experienced lawyers & auditors at Establish Philippines.