Document background
The Amended Articles of Incorporation Increase In Authorized Capital Stock is a crucial document required when a Philippine corporation needs to expand its capital base to support growth, fund operations, or meet regulatory requirements. This document becomes necessary when a corporation approaches or reaches its existing authorized capital limit and needs additional capacity to issue shares. Filed with the Securities and Exchange Commission (SEC) of the Philippines, it must comply with the Revised Corporation Code and various SEC regulations. The amendment process requires approval from both the board of directors and stockholders (typically with two-thirds vote), proper documentation of the increase, and payment of required fees and taxes. The document includes detailed information about the new capital structure, subscription requirements, and various supporting certificates and affidavits to demonstrate compliance with Philippine corporate law.
