CERTIFICATE OF
INCREASE OF AUTHORIZED CAPITAL STOCK
OF
(NAME OF CORPORATION)
KNOW ALL MEN BY THESE PRESENTS:
That,
we the undersigned, the Chairperson and the Secretary of the stockholders
meeting and majority of the members of the Board of Directors of the
above-named corporation, organized and existing under and by virtue of the laws
of the Republic of the Philippines do herebey CERTIFY:
1. That at the
meeting of the stockholders of the said corporation held at the principal
office on (Date of Stockholders Meeting), at which meeting there was a quorum,
the stockholders representing at least two-thirds (2/3) of the outstanding
capital stock in person or by proxy, approved the increase of the corporation's
authorized capital stock from
(AMOUNT OF CURRENT CAPITAL STOCK IN WORDS) (PhP AMOUNT OF
CURRENT CAPITAL STOCK IN FIGURES) divided into (NUMBER OF SHARES IN WORDS AND FIGURES - e.g. ONE THOUSAND
[1,000]) shares, with par value of (PAR VALUE IN WORDS - e.g. ONE THOUSAND PESOS) (PhP PAR
VALUE IN FIGURES - e.g. PhP1,000.00) per share to
(AMOUNT OF INCREASED CAPITAL STOCK ON WORDS) (PhP AMOUNT OF
INCREASED CAPITAL STOCK IN FIGURES) divided into (NUMBER OF SHARES IN WORDS AND FIGURES - e.g. TWENTY
THOUSAND [20,000]) shares, with par value of (PAR VALUE IN WORDS - e.g. ONE THOUSAND PESOS) (PhP PAR
VALUE IN FIGURES - e.g. PhP1,000.00) per share;
2. That the
increase was likewise approved by at least majority of the directors at the
meeting held on (Date
of Board of Directors Meeting);
3. That of the net
increase in the authorized capital stock of (AMOUNT IN WORDS OF NET INCREASE - e.g. NINETEEN MILLION
PESOS) (PhP AMOUNT IN FIGURES OF NET INCREASE - e.g. PhP19,000,000.00) the amount of (AMOUNT IN WORDS) (PhP AMOUNT IN FIGURES) has been
actually subscribed by the subscribers indicated hereunder, and of said
subscription, the amount of (AMOUNT IN WORDS) (PhP AMOUNT IN FIGURES) has been
actually paid in cash / real property / machineries and equipment / stock
dividend / via conversion of liabilities into equity; as follows:
Name of Subscriber Nationality Subscribed Amount Amount
No. of Shares Paid
4. That the actual
indebtedness of the corporation as of the date of the stockholders meeting
amounts to PhP (AMOUNT
IN FIGURES);
5. That no bonded
indebtedness has been incurred, created or increased as of the date of the
stockholders meeting;
6. That the reason
for the increase of capital stock is (State reasons if any);
7. That the
requirements of Sec. 38 of the Corporation Code of the Philippines has been
complied with.
IN
WITNESS WHEREOF, we have hereunto set our hands this (Date) at (Place).
(NAME OF CHAIRMAN)
Chairman of the
Board
TIN
(NAME OF DIRECTOR) (NAME
OF DIRECTOR)
Director Director
TIN TIN
(NAME OF DIRECTOR) (NAME
OF DIRECTOR)
Director Director
TIN TIN
(NAME OF DIRECTOR) (NAME
OF DIRECTOR)
Director Director
TIN TIN
ATTEST:
(NAME OF
PRESIDENT)
President
(NAME OF
CORPORATE SECRETARY)
Corporate Secretary
Republic of the Philippines )
City of (Place) ) S.S.
ACKNOWLEDGMENT
Before
me a Notary Public for and in the City of (Place), this (Date), personally
appeared the following:
Name TIN/ID/Passport
No. Date & Place Issued
known to me
to and to me known to be the same persons who executed the foregoing certificate,
who acknowledged to me that the same is their true and voluntary act and deed.
WITNESS
MY HAND AND SEAL on the date and place first above written.
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
