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    The minutes summarize a joint special meeting of the stockholders and board of directors of xx, Inc. held on March 30, 2017 in Marikina City. The meeting discussed and approved increasing the authorized capital stock of the corporation from PHP 1,000,000 to PHP 1,500,000 through the subscription and payment of PHP 500,000 in advances by certain stockholders. The resolutions passed the increase in capital stock and amendments to the articles of incorporation. There being no further business, the meeting was then adjourned.

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    MOM Sample

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    The minutes summarize a joint special meeting of the stockholders and board of directors of xx, Inc. held on March 30, 2017 in Marikina City. The meeting discussed and approved increasing the authorized capital stock of the corporation from PHP 1,000,000 to PHP 1,500,000 through the subscription and payment of PHP 500,000 in advances by certain stockholders. The resolutions passed the increase in capital stock and amendments to the articles of incorporation. There being no further business, the meeting was then adjourned.

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    The minutes summarize a joint special meeting of the stockholders and board of directors of xx, Inc. held on March 30, 2017 in Marikina City. The meeting discussed and approved increasing the authorized capital stock of the corporation from PHP 1,000,000 to PHP 1,500,000 through the subscription and payment of PHP 500,000 in advances by certain stockholders. The resolutions passed the increase in capital stock and amendments to the articles of incorporation. There being no further business, the meeting was then adjourned.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    108 views4 pages

    MOM Sample

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    NN DDL
    The minutes summarize a joint special meeting of the stockholders and board of directors of xx, Inc. held on March 30, 2017 in Marikina City. The meeting discussed and approved increasing the authorized capital stock of the corporation from PHP 1,000,000 to PHP 1,500,000 through the subscription and payment of PHP 500,000 in advances by certain stockholders. The resolutions passed the increase in capital stock and amendments to the articles of incorporation. There being no further business, the meeting was then adjourned.

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    xx, INC.

    Minutes of the Joing Special Meeting of the Stockholders


    And the Board of Directors

    Held on 30 March 2017


    In Marikina City

    STOCKHOLDERS AND DIRECTORS PRESENT

    NAME OF STOCKHOLDERS NO. OF SHARES

    DULAY, NICOLE xxx


    --------------
    TOTAL: xxx

    TOTAL NO. OF SHARES OUTSTANDING: xxx

    PERCENTAGE OF SHARES PRESENT IN PERSON


    OR BY PROXY xx%

    I. CALL TO ORDER AND PROOF OF QUORUM

    The President, NICOLE DULAY, called the meeting to order and


    presided over the same. The Corporate Secretary, xx xx, recorded the
    minutes of the meeting.

    II. CERTIFICATION OF QUORUM AND WAIVER OF NOTICE

    The Corporate Secretary certified that a quorum was present for


    the transaction of business there being present 75% of the outstanding
    capital stock, and all of the directors of the Corporation. The
    stockholders and directors consented to waive their right to formal
    notice of this meeting.

    III. INCREASED OF CAPITAL STOCK BY WAY OF ADVANCES

    The President informed the stockholders and the board of


    directors that of the increase in authorized capital stock of ONE
    MILLION FIVE HUNDRED PESOS (P1,500,000), the following have
    subscribed and paid to the Corporation by way of Advances in the total
    amount of PHP 500,0000 to be distributed to the stockholders of the
    Corporation as of 5 APRIL 2017 in the following manner:

    NAME OF STOCKHOLDER NO. OF AMOUNT AMOUNT


    SHARES SUBSCRIBED
    & PAID
    NICOLE DULAY 2,000 200,000 200,000
    xx - - -
    xx - - -
    xx x - - -
    xx x 2,000 200,000 200,000
    xx x 1,000 100,000 100,000
    xx - - -
    TOTAL xx xx xx

    The fractional shares arising from the Advances shall be eliminated and
    rounded-off to the nearest whole number.

    Upon motion duly made and seconded, all of the members of the Board
    present passed and approved the following resolutions:

    RESOLVED, that the Corporation, be, as it is hefeby,


    authorized to increaseits authorized capital stock from ONE
    MILLION PESOS (P1,000,000.00), Philippine Currency,
    divided into ONE THOUSAND (1,000) shares with a par
    value of ONE HUNDRED PESOS (P100) per share, to ONE
    MILLION FIVE HUNDRED THOUSAND PESOS
    (P1,500,000.00), Philippine Currency, divided into TEN
    THOUSAND FIVE HUNDRED (10,500) SHARES with a par
    value of ONE HUNDRED PESOS (P100) per share;

    WHEREAS, the increase in capital stock shall be


    subscribed and paid for by way of declaraton of stock
    dividend in the total amount of FIVE HUNDRED THOUSAND
    PESOS (P500,000.00) to be distributed to the Stockholders
    of the Corporation as of 5 APRIL 2017.MA

    RESOLVED FURTHER, that the capital stock stated in


    ARTICLE SEVENTH of the Articles of Incorporation be
    amended as to read as follows:

    SEVENTH: That the Authorized Capital Stock of


    the Corporation is ONE MILLION FIVE HUNDRED
    THOUSAND (P1,500,000.00), Philippine Currency,
    divided into TEN THOUSAND FIVE HUNDRED
    (10,500) SHARES with a par value of ONE
    HUNDRED PESOS (P100.00) each

    RESOLVED FINALLY, that the Chairman, President,


    Corporate Secretary, and other proper officers of the
    Corporation, be, as they are hereby, authorized to submit
    or cause the submission of a copy of the amended Articles
    of Incorporation of the Corporation to the Securites and
    Exchange Commision, and to sign, execute and deliver any
    and all document necessary to implement the foregoing
    resolution.

    IV. ADJOURNMENT

    There being no further business to discuss, the meeting was


    adjourned upon motion duly made and seconded.

    CERTIFIED CORRECT:

    Corporate Secretary

    ATTESTED BY:

    President

    MINUTES READ AND APPROVED:


    NAME SIGNATURE

    NICOLE DULAY

    xx

    xx

    xx

    xx

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