{"id":5137,"date":"2019-03-25T19:49:00","date_gmt":"2019-03-25T11:49:00","guid":{"rendered":"https:\/\/pnl-law.com\/blog\/?p=5137"},"modified":"2020-05-14T21:23:30","modified_gmt":"2020-05-14T13:23:30","slug":"revised-corporation-code-of-the-philippines-republic-act-no-11232-full-text","status":"publish","type":"post","link":"https:\/\/pnl-law.com\/blog\/revised-corporation-code-of-the-philippines-republic-act-no-11232-full-text\/","title":{"rendered":"Revised Corporation Code of the Philippines: Full Text, Table of Discussions"},"content":{"rendered":"\n

REPUBLIC ACT NO. 11232<\/h2>\n\n\n\n

AN ACT PROVIDING FOR THE REVISED CORPORATION CODE OF THE PHILIPPINES <\/h3>\n\n\n\n\n\n\n\n

TITLE I.<\/strong> GENERAL PROVISIONS, DEFINITIONS AND CLASSIFICATIONS<\/a><\/strong> [Full text: Secs. 1-9]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
* Glossary<\/a>
* Classification of shares<\/a>
* Nonvoting shares<\/a><\/td>
* Introduction<\/a>
* Revival of expired corporations<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE II. INCORPORATION AND ORGANIZATION OF PRIVATE CORPORATIONS<\/a><\/strong> [Full text: Secs. 10-21]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
*\u00a0How to register a corporation<\/a>
* Contents of Articles of Incorporation<\/a>
* Authentication of Articles of Incorporation<\/a>
* Corporate term<\/a><\/td>
* Guidelines on corporate names<\/a>
* Names of expired corporations, re-registration<\/a>
* Effects of inoperation<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE III.<\/strong> BOARD OF DIRECTORS\/TRUSTEES AND OFFICERS<\/a><\/strong> [Full text: Secs. 22-34]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
* Board of Directors\/Trustees<\/a>
* Election of Directors<\/a><\/td>
* Number and Qualifications<\/a>
* Disqualifications of Directors\/Trustees<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE IV.<\/strong> POWERS OF CORPORATIONS<\/a><\/strong> [Full text: Secs. 35-44]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Preemptive rights<\/a><\/td>		<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE V.<\/strong> BYLAWS<\/a><\/strong> [Full text: Secs. 45-47]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Bylaws under the RCP<\/a><\/td>		<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE VI. MEETINGS<\/a><\/strong> [Full text: Secs. 48-58]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Teleconferencing, Videoconferencing, Other Electronic Means<\/a><\/td>		<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE VII. STOCKS AND STOCKHOLDERS<\/a><\/strong> [Full text: Secs. 59-72]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Unpaid Subscription, Delinquent Stocks and Delinquency Sale<\/a><\/td>		<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE VIII. CORPORATE BOOKS AND RECORDS<\/a><\/strong> [Full text: Secs. 73-74]<\/a><\/p>\n\n\n\n

TITLE IX. MERGER AND CONSOLIDATION<\/a><\/strong> [Full text: Secs. 75-79]<\/a><\/p>\n\n\n\n

TITLE X. APPRAISAL RIGHT<\/a><\/strong> [Full text: Secs. 80-85]<\/a><\/p>\n\n\n\n

TITLE XI. NONSTOCK CORPORATION<\/a><\/strong> [Full text: Secs. 86-94]<\/a> <\/p>\n\n\n\n

TITLE XII. CLOSE CORPORATIONS<\/a><\/strong> [Full text: Secs. 95-104]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
* One Person Corporations<\/a> <\/td>		<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE XIII. SPECIAL CORPORATIONS<\/a><\/strong> [Full text: Secs. 105-132]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Close corporations<\/a>
* Reportorial Requirements<\/a><\/td>
* Registration Requirements, Application Process<\/a>
* Who are Allowed to Create an OPC<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE XIV. DISSOLUTION <\/a><\/strong>[Full text: Secs. 133-139]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
* Trust Fund Doctrine<\/a>
* Liquidation of insolvent corporations<\/a><\/td>
* Corporate dissolution and liquidation<\/a>
* Corporate rehabilitation<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE XV. FOREIGN CORPORATIONS<\/a><\/strong> [Full text: Secs. 140-153]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Introduction to foreign corporations<\/a>
* What constitutes doing business<\/a>
* Resident agent designation<\/a>
* Required securities deposit<\/a>
* Eleventh Foreign Investments Negative List<\/a><\/td>
* Registration of foreign-owned corporations<\/a>
* Application of branch\/ representative office<\/a>
* Application of RHQ\/ROHQ<\/a>
* Designation of resident agent<\/a>
* Grounds to revoke license<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE XVI. INVESTIGATIONS, OFFENSES, AND PENALTIES<\/a><\/strong> [Full text: Secs. 154-172]<\/a><\/p>\n\n\n\n

<\/td>Summary\/Discussion:
* Penalty for fraud or misrepresentation in AOI<\/a><\/td>
* Penalty for false, inaccurate or misleading reports<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

TITLE XVII. MISCELLANEOUS PROVISIONS<\/a><\/strong> [Full text: Secs. 173-188]<\/a><\/p>\n\n\n\n

<\/td>Summaries\/Discussions:
* Jurisdiction of the SEC<\/a>
* Arbitration<\/a>
* Intra-corporate disputes<\/a><\/td>
*General Information Sheet (GIS) and Financial Statements (FS)<\/a>
* Beneficial owners: Layers in corporations must be disclosed<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

REPUBLIC ACT NO. 11232 AN ACT PROVIDING FOR THE REVISED CORPORATION CODE OF THE PHILIPPINES <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,1361],"tags":[560,236,1255,234,237,235,90,1254,1253,1252],"class_list":["post-5137","post","type-post","status-publish","format-standard","hentry","category-cooperatives","category-corporate-law","tag-corporate","tag-corporate-compliance","tag-corporate-law","tag-corporation","tag-corporation-code","tag-corporations","tag-philippines","tag-republic-act-no-11232","tag-revised-corporation-code","tag-revised-corporation-code-of-the-philippines"],"_links":{"self":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/comments?post=5137"}],"version-history":[{"count":34,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5137\/revisions"}],"predecessor-version":[{"id":6461,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/5137\/revisions\/6461"}],"wp:attachment":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/media?parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/categories?post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/tags?post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}