Sunday, June 25, 2017

Treasurer's Affidavit



Republic of the Philippines              )
City of ____________________   ) S.S.


TREASURER'S AFFIDAVIT


I, (NAME OF TREASURER), Filipino, of legal age and a resident of (Place of Residence), Philippines, after being sworn to in accordance with law, depose and state:

That I have been elected by the subscribers of (NAME OF CORPORATION) as Treasurer thereof, to act as such until my successor has been duly elected and qualified in accordance with the by-laws of the corporation, and that as such Treasurer, I hereby certify under oath that at least twenty-five (25%) percent of the authorized capital stock has been subscribed and at least twenty-five (25%) percent of the subscription has been paid and received by me in cash for the benefit and credit of the corporation.

This is also to authorize the Securities and Exchange Commission (SEC) and Bangko Sentral ng Pilipinas (BSP) to examine and verify the deposit in the (NAME OF BANK) (Branch of Bank) in my name as Treasurer-in-Trust for (NAME OF CORPORATION)  in the amount of TWO MILLION PESOS (P2,000,000.00) representing the paid-up capital of the said corporation which is in the process of incorporation. This authority is valid and inspection of said deposit may be made even after the issuance of the Certificate of Incorporation to the corporation. Should the deposit be transferred to another bank prior to or after incorporation, this will also serve as authority to verify and the same. The representative of the Securities and Exchange Commission is also authorized to examine the pertinent books and records of accounts of the corporation as well as supporting papers to determine the utilization and disbursement of the said paid-up capital.

In case the said paid-up capital is not deposited or withdrawn prior to the approval of the Articles of Incorporation, I, on behalf of the above-named Corporation, waive our right to a notice and hearing in the revocation of our Certificate of Incorporation.
                                                                       

 (NAME OF TREASURER)
Treasurer


SUBSCRIBED AND SWORN TO before me this (Date) at (Place), affiant exhibited to me his/her (ID Number) issued on (Date Issued) at (Place Issued) as competent proof of his/her identity.



Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.