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    Certificate of Increase of Cs

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    Anthonette Beriso Jacobo
    The document certifies that JCD Infosearch & General Services, Inc. increased its authorized capital stock from 1.5 million pesos divided into 150,000 shares to 10 million pesos divided into 1 million shares. Over two-thirds of stockholders and a majority of directors approved the increase at meetings held on February 13, 2013. Of the 8.5 million peso increase, 2.125 million pesos was subscribed to and 531,250 pesos was paid in cash. The certificate also confirms that requirements for capital stock increases under the Corporation Code were followed and no debt was incurred as a result.

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    Certificate of Increase of Cs

    Uploaded by

    Anthonette Beriso Jacobo
    645 views3 pages
    The document certifies that JCD Infosearch & General Services, Inc. increased its authorized capital stock from 1.5 million pesos divided into 150,000 shares to 10 million pesos divided into 1 million shares. Over two-thirds of stockholders and a majority of directors approved the increase at meetings held on February 13, 2013. Of the 8.5 million peso increase, 2.125 million pesos was subscribed to and 531,250 pesos was paid in cash. The certificate also confirms that requirements for capital stock increases under the Corporation Code were followed and no debt was incurred as a result.

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    The document certifies that JCD Infosearch & General Services, Inc. increased its authorized capital stock from 1.5 million pesos divided into 150,000 shares to 10 million pesos divided into 1 million shares. Over two-thirds of stockholders and a majority of directors approved the increase at meetings held on February 13, 2013. Of the 8.5 million peso increase, 2.125 million pesos was subscribed to and 531,250 pesos was paid in cash. The certificate also confirms that requirements for capital stock increases under the Corporation Code were followed and no debt was incurred as a result.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    645 views3 pages

    Certificate of Increase of Cs

    Uploaded by

    Anthonette Beriso Jacobo
    The document certifies that JCD Infosearch & General Services, Inc. increased its authorized capital stock from 1.5 million pesos divided into 150,000 shares to 10 million pesos divided into 1 million shares. Over two-thirds of stockholders and a majority of directors approved the increase at meetings held on February 13, 2013. Of the 8.5 million peso increase, 2.125 million pesos was subscribed to and 531,250 pesos was paid in cash. The certificate also confirms that requirements for capital stock increases under the Corporation Code were followed and no debt was incurred as a result.

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    The document certifies an increase in the authorized capital stock of JCD Infosearch & General Services, Inc. from PHP 1.5 million to PHP 10 million.

    The document certifies an increase in the authorized capital stock of JCD Infosearch & General Services, Inc. from PHP 1.5 million to PHP 10 million divided into 1 million common shares with a par value of PHP 10 per share.

    The stockholders approved the increase in authorized capital stock and the board of directors likewise approved the increase. The stockholders represented at least two-thirds of the outstanding capital stock.

    CERTIFICATE OF INCREASE OF CAPITAL STOCK OF JCD INFOSEARCH & GENERAL SERVICES, INC.

    KNOW ALL MEN BY THESE PRESENTS: That, we, the undersigned, the Chairman 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 Philippines do hereby CERTIFY: 1. That at the meeting of the stockholders of the said corporation held at the principal office on February 13, 2013, at which meeting there was 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 corporations authorized capital stock from ONE MILLION FIVE HUNDRED PESOS (P1,500,000.00) divided into ONE HUNDRED FIFTY THOUSAND (150,000) COMMON SHARES with a par value each of TEN PESOS (P10.00) per share, to TEN MILLION PESOS (P10,000,000.00) divided into ONE MILLION (1,000,000) COMMON SHARES, with par value each of TEN PESOS (P10.00) per share;

    2. That the increase was likewise approved by at least majority of the directors at the meeting held on February 13, 2013.

    3. That of the net increase in the authorized capital stock of EIGHT MILLION FIVE HUNDRED PESOS (P8,500,000.00), the amount of TWO MILLION ONE HUNDRED TWENTY FIVE THOUSAND PESOS (P2,125,000.00) has been actually subscribed by the subscribers indicated hereunder, and of said subscription, the amount of FIVE HUNDRED THIRTY ONE THOUSAND TWO HUNDRED FIFTY PESOS (P531,250.00) has been paid in cash: 4. The requirements of Section 38 of the Corporation Code in connection with the increase in the authorized capital stock of the Corporation have been complied with.

    5. No bonded indebtedness has been or will be incurred and/or created as result of the increase in the Corporations authorized capital stock and has no actual indebtedness as of date of meeting.

    6. The list of stockholders of the Corporation before and after the increase in its authorized capital stock, is attached herto and made an integral part of as Annex A.

    IN WITNESS WHEREOF, we have hereunto signed this certificate this ________ day of ________________ at ________________ City.

    LILY D. DINO Director

    JOANNE CYRENE D. DINO Director

    JAMES CESAR D. DINO Director

    GUILERMO Z. DE LA ROSA Director

    ALEX PHILIPP Z. DE LA ROSA Director COUNTERSIGNED:

    CEZAR C. DINO JR. Director

    CEZAR C. DINO JR. Chairman of Stockholders Meeting

    JAMES CESAR D. DINO Secretary of Stockholders Meeting

    REPUBLIC OF THE PHILIPPINES ) MAKATI CITY ) SS.

    SUBSCRIBED and SWORN to before me this ________ day of _______________, in the City of __________, affiants exhibiting to me the following:

    Name Lily D. Dino Joanne Cyrene D. Dino James Cesar D. Dino

    CTC/Passport No.

    Date/Place Issued

    Guilermo Z. De La Rosa Alex Philipp Z. De La Rosa Cezar C. Dino Jr.

    known to me and to known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is a free and voluntary act and deed.

    WITNESS MY HAND AND SEAL, at the place and on the date above-written.

    Doc No. Page No.

    _______: _______:

    Book No. _______: Series of 2013.

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