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Memorandum Of Association Of Educational Company Template for Philippines

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Key Requirements PROMPT example:

Memorandum Of Association Of Educational Company

"I need a Memorandum of Association of Educational Company for a new private technical-vocational training institute in Manila, with an authorized capital of 5 million pesos, incorporating provisions for both online and in-person learning programs to launch in March 2025."

Document background
The Memorandum of Association of Educational Company is a crucial incorporation document required when establishing an educational institution in the Philippines. This document is mandatory under the Revised Corporation Code and must be filed with the Securities and Exchange Commission (SEC) as part of the incorporation process. It contains essential information about the educational institution's identity, purposes, capital structure, and governance framework, while ensuring compliance with specific educational sector regulations, including those from DepEd or CHED depending on the education level offered. The document is particularly important as it must address unique requirements for educational institutions in the Philippines, such as the Constitutional restrictions on foreign ownership and specific educational sector compliance requirements. It serves as the foundation for all subsequent corporate actions and educational operations.
Suggested Sections

1. Name and Location: The registered name of the educational institution and its principal office address

2. Purposes and Objectives: Primary and secondary purposes of the educational institution, including specific educational programs to be offered

3. Capital Structure: Authorized capital stock, par value, and subscription requirements as per SEC regulations

4. Names, Nationalities, and Residences of Incorporators: Details of the founding members including their citizenship to ensure compliance with foreign ownership restrictions

5. Board of Directors/Trustees: Composition, qualifications, terms, and powers of the governing board

6. Officers: Positions, duties, and responsibilities of corporate officers

7. Stockholders/Members: Rights, responsibilities, and voting powers of stockholders/members

8. Meetings: Procedures for regular and special meetings, including quorum requirements

9. Amendments: Process for amending the Memorandum of Association

10. Term of Existence: Duration of the corporation's existence as per Philippine law

11. Dissolution: Procedures for dissolution and distribution of assets

Optional Sections

1. Branch Establishments: Include when the institution plans to operate multiple campuses or branches

2. Special Programs: Include when offering specialized educational programs or international curricula

3. Research and Development: Include for institutions planning to conduct educational research or innovative programs

4. International Partnerships: Include when planning collaborations with foreign educational institutions

5. Foundation Status: Include if registering as a non-stock, non-profit educational foundation

6. Technology and Distance Learning: Include for institutions planning to offer online or hybrid learning programs

7. Endowment Funds: Include when establishing special funds for scholarships or institutional development

Suggested Schedules

1. Schedule A - Share Capital Details: Detailed breakdown of share classes, rights, and restrictions

2. Schedule B - Initial Subscribers: List of initial shareholders/members with their corresponding subscriptions

3. Schedule C - Property Contributions: Details of any property or assets being contributed to the institution as capital

4. Schedule D - Educational Programs: Comprehensive list of planned educational programs and courses

5. Schedule E - Facilities and Resources: Description of physical facilities, equipment, and educational resources

6. Appendix 1 - Organizational Structure: Detailed organizational chart and governance structure

7. Appendix 2 - Academic Policies: Basic framework of academic policies and standards

8. Appendix 3 - Financial Framework: Financial management policies and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses






























Relevant Industries

Education

Higher Education

Professional Training

Corporate Services

Legal Services

Educational Technology

Academic Research

Private Education

Educational Management

Relevant Teams

Legal

Corporate Governance

Academic Administration

Board of Directors

Executive Leadership

Compliance

Finance

Academic Affairs

Corporate Secretariat

Educational Operations

Relevant Roles

CEO/President

School Director

Corporate Secretary

Legal Counsel

Compliance Officer

Educational Administrator

Board Member

Academic Director

Chief Financial Officer

School Principal

Corporate Governance Officer

Registrar

Department Head

Academic Program Director

Investment Relations Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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