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Memorandum Of Association Security Guard Company Template for Philippines

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Key Requirements PROMPT example:

Memorandum Of Association Security Guard Company

"I need a Memorandum of Association Security Guard Company for a new high-tech security firm in Manila, launching in March 2025, with provisions for cybersecurity services and electronic surveillance operations alongside traditional guard services, planned foreign investment of 40%, and operations across multiple Philippine cities."

Document background
The Memorandum of Association Security Guard Company is a crucial document required for establishing a security services company in the Philippines. It must comply with both the Revised Corporation Code (RA 11232) and the Private Security Agency Law (RA 5487), along with related regulations. This document is necessary when incorporating a new security guard company or restructuring an existing one, containing essential information about the company's identity, purpose, capital structure, and governance framework. It serves as the primary reference for regulatory compliance, defining the company's scope of operations, shareholding structure, and management framework. The document must be filed with the Securities and Exchange Commission (SEC) and requires approval from the Philippine National Police - Supervisory Office for Security and Investigation Agencies (PNP-SOSIA) for specific security-related provisions.
Suggested Sections

1. Corporate Name and Location: States the official corporate name complying with SEC naming conventions and principal office address

2. Purpose Clause: Detailed description of security services and related business activities the company will engage in

3. Capital Structure: Details of authorized capital stock, par value, and share classifications

4. Names, Nationalities, and Residences of Incorporators: Information about the founding members including their shareholding

5. Board of Directors: Number of directors, qualifications, and governance structure

6. Corporate Officers: Designation of required officers and their roles

7. Annual Meeting: Provisions for regular stockholders' meetings and special meetings

8. Corporate Term: Duration of corporate existence (perpetual unless specified otherwise)

9. Amendment Provisions: Procedures for modifying the Memorandum of Association

10. Dissolution Provisions: Procedures for voluntary dissolution and asset distribution

Optional Sections

1. Special Security Services: Include when company offers specialized security services like VIP protection or cybersecurity

2. Foreign Ownership Provisions: Required if foreign investors are involved, detailing compliance with Philippine foreign ownership restrictions

3. Branch Operations: Include if company plans to operate multiple branches across different locations

4. Training Facility Provisions: Add if company will operate its own security training facility

5. Technology and Equipment: Include for companies providing electronic security systems or specialized equipment

6. Joint Venture Provisions: Required if establishing partnerships with other security agencies

7. Preferred Shares Rights: Include if corporation will issue preferred shares with special rights

Suggested Schedules

1. Schedule A - Initial Subscribers: Detailed list of initial shareholders with their corresponding subscriptions and payments

2. Schedule B - Permitted Security Services: Comprehensive list of security services the company is authorized to provide

3. Schedule C - Required Licenses: List of mandatory licenses and permits for operation

4. Schedule D - Initial Directors: Details of first board of directors including their qualifications

5. Schedule E - Capital Structure: Detailed breakdown of share classes and rights

6. Appendix 1 - Security Equipment: Inventory of required security equipment and facilities

7. Appendix 2 - Training Requirements: Detailed security personnel training requirements and programs

8. Appendix 3 - Operational Protocols: Standard operating procedures for security services

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

Security Services

Private Investigation

Corporate Services

Risk Management

Facility Management

Personal Protection

Event Security

Maritime Security

Aviation Security

Cybersecurity

Asset Protection

Training and Education

Surveillance Systems

Emergency Response

Background Screening Services

Relevant Teams

Legal

Compliance

Corporate Governance

Security Operations

Finance

Administration

Human Resources

Risk Management

Corporate Affairs

Quality Assurance

Relevant Roles

Chief Executive Officer

Corporate Secretary

Legal Counsel

Compliance Officer

Security Operations Director

Chief Financial Officer

Board Member

Company Director

Corporate Governance Officer

Risk Management Officer

Security Services Manager

Operations Manager

Human Resources Director

Training Director

Quality Assurance Manager

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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