
SEC Notice – Joint Certification for Applications to Increase Capital Stock by way of Cash Infusion
The Company Registration and Monitoring Department (CRMD) of the Securities and Exchange Commission (SEC) has recently issued a Notice on the availability of Joint Certification for Applications to Increase Capital Stock by way of Cash Infusion.
(SEC Notice dated 14 January 2025)
Please be advised that the new format for the cover sheet (ANNEX “A”) and joint certification (ANNEX “B”) shall be used by stock corporations organized under Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, for applications to increase authorized capital stock which involve increasing the number of shares only and the consideration for the issuance of shares is CASH (in Philippine pesos) only, filed before the Financial Analysis and Audit Division of the CRMD.
The joint certification shall be submitted in lieu of the separate Certificate of Increase, Directors’ Certificate, Treasurer’s Affidavit, and Secretary’s Certificates on the List of Stockholders, Non-Existence of Intra-Corporate Dispute, and Waiver of Preemptive Rights.
A copy of the SEC Notice can be accessed thru the link below.
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