The Board of Directors of HCPI Corporation passed resolutions to dissolve the company. They authorized specific individuals to wind up the company's affairs, sell assets to satisfy obligations, distribute remaining funds to shareholders, terminate employee contracts, and obtain necessary government approvals. The resolutions gave these individuals full power to execute documents and take other actions to formally dissolve the corporation in accordance with Philippine law.
The Board of Directors of HCPI Corporation passed resolutions to dissolve the company. They authorized specific individuals to wind up the company's affairs, sell assets to satisfy obligations, distribute remaining funds to shareholders, terminate employee contracts, and obtain necessary government approvals. The resolutions gave these individuals full power to execute documents and take other actions to formally dissolve the corporation in accordance with Philippine law.
The Board of Directors of HCPI Corporation passed resolutions to dissolve the company. They authorized specific individuals to wind up the company's affairs, sell assets to satisfy obligations, distribute remaining funds to shareholders, terminate employee contracts, and obtain necessary government approvals. The resolutions gave these individuals full power to execute documents and take other actions to formally dissolve the corporation in accordance with Philippine law.
The Board of Directors of HCPI Corporation passed resolutions to dissolve the company. They authorized specific individuals to wind up the company's affairs, sell assets to satisfy obligations, distribute remaining funds to shareholders, terminate employee contracts, and obtain necessary government approvals. The resolutions gave these individuals full power to execute documents and take other actions to formally dissolve the corporation in accordance with Philippine law.
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BOARD RESOLUTION
We the undersigned Board of Directors of HCPI CORPORATION, a corporation
organized and existing under the laws of the Republic of the Philippines, with principal address at Unit 04, Ground Floor, Clark Center 09, Berthaphil Clark Center, Jose Abad Santos Avenue, Clark Freeport Zone, Pampanga (hereinafter referred to as the “Corporation”), in the meeting of the Board of Directors of the Corporation held at the corporation's principal office on __________________, in person and via video conferencing, at which meeting a valid quorum was present and acting all throughout, the following resolutions were adopted:
RESOLUTION
RESOLVED, that upon express agreement of the parties, HCPI
CORPORATION, a corporation organized and existing under the laws of the Republic of the Philippines with S.E.C. Reg. No. ___________ be and hereby is, dissolved;
RESOLVED FURTHER, that _____________ and/or _____________,
whether acting alone or jointly are authorized, as they are herby authorized to wind up and terminate the affairs of the corporation;
“RESOLVED, FURTHER, that all the assets of the HCPI
CORPORATION be sold to satisfy all of the obligations of HCPI CORPORATION, and the remainder to be distributed to the stockholders of HCPI CORPORATION;
RESOLVED FURTHER, that all the liabilities of HCPI
CORPORATION be fully satisfied;
RESOLVED, FURTHER, HCPI CORPORATION shall cause the
preparation of Audited Financial Statements;
RESOLVED, FURTHER, that the HCPI CORPORATION seek all
necessary the endorsements and/or clearances from all government agencies concerned and that ________________ and/or ________________ is/are hereby authorized be authorized and empowered, as they are hereby authorized and empowered, to execute any and all documents and certifications required, necessary and proper to obtain the said endorsement and/or clearances to effect the dissolution, winding up and termination of the corporation’s affairs;
“RESOLVED, FURTHER, that the HCPI CORPORATION cause the
publication of its dissolution, when required and for such frequency and period as may be required;
RESOLVED, FURTHER, that the employment of the present
employees of HCPI CORPORATION be terminated effective _____________ and that they be given the appropriate separation pay required by law. Formal notice of the said termination shall be given to the employees and to the Department of Labor and Employment (DOLE);
RESOLVED FURTHER, that ______________ and/or
______________ is hereby authorized be authorized and empowered, as they are hereby authorized and empowered, to execute any and all documents and certifications required, necessary and proper to effect the foregoing resolution;
RESOLVED FINALLY, that ______________ and/or
_______________ may delegate the authority embodied in these presents to a representative, and who shall likewise be authorized and empowered, as they are hereby authorized and empowered, to execute any and all documents and certifications required, necessary and proper to effect the foregoing resolution;
WITNESS OUR HAND, this ________________________, in ____________,
