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    Application of An Existing Corporation To Increase Its Foreign Equity Under The Foreign Investments Acts of 1991

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    Kobe Lawrence Veneracion
    This document is an application from an existing Philippine corporation to increase the percentage of foreign equity ownership beyond the current limit allowed under the Foreign Investments Act of 1991. It provides details such as the corporation's name and registration information, the address of its principal office, its current and proposed foreign equity percentages, its primary business purpose, and the method by which the increased foreign ownership will be undertaken. The authorized, outstanding and paid-up capital amounts of the applicant corporation are also listed. The authorized representative of the applicant signs the application.

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    Application of An Existing Corporation To Increase Its Foreign Equity Under The Foreign Investments Acts of 1991

    Uploaded by

    Kobe Lawrence Veneracion
    42 views2 pages
    This document is an application from an existing Philippine corporation to increase the percentage of foreign equity ownership beyond the current limit allowed under the Foreign Investments Act of 1991. It provides details such as the corporation's name and registration information, the address of its principal office, its current and proposed foreign equity percentages, its primary business purpose, and the method by which the increased foreign ownership will be undertaken. The authorized, outstanding and paid-up capital amounts of the applicant corporation are also listed. The authorized representative of the applicant signs the application.

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    F-102

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    This document is an application from an existing Philippine corporation to increase the percentage of foreign equity ownership beyond the current limit allowed under the Foreign Investments Act of 1991. It provides details such as the corporation's name and registration information, the address of its principal office, its current and proposed foreign equity percentages, its primary business purpose, and the method by which the increased foreign ownership will be undertaken. The authorized, outstanding and paid-up capital amounts of the applicant corporation are also listed. The authorized representative of the applicant signs the application.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    42 views2 pages

    Application of An Existing Corporation To Increase Its Foreign Equity Under The Foreign Investments Acts of 1991

    Uploaded by

    Kobe Lawrence Veneracion
    This document is an application from an existing Philippine corporation to increase the percentage of foreign equity ownership beyond the current limit allowed under the Foreign Investments Act of 1991. It provides details such as the corporation's name and registration information, the address of its principal office, its current and proposed foreign equity percentages, its primary business purpose, and the method by which the increased foreign ownership will be undertaken. The authorized, outstanding and paid-up capital amounts of the applicant corporation are also listed. The authorized representative of the applicant signs the application.

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    of 2

    S.E.C. FORM NO.

    F- 102
    For registered corporation with more
    than 40% foreign equity increasing
    further the percentage of such equity

    APPLICATION OF AN EXISTING CORPORATION


    TO INCREASE ITS FOREIGN EQUITY UNDER THE
    FOREIGN INVESTMENTS ACTS OF 1991

    _______________________________________________________
    (Name of Corporation)

    hereby applies for authority to increase the percentage of foreign equity


    participation under the Foreign Investments Act of 1991 (RA 7042, as
    amended) and submits the following statements and accompanying
    documents:

    1. That the applicant is a corporation registered with this


    Commission, with SEC Reg. No. __________________ issued on
    ______________________ and operates a

    ( ) domestic market enterprise *


    ( ) export market enterprise **

    2. That the principal office of the corporation is in


    ________________________________________________________________________
    (specific address)

    3. That the present foreign equity of the applicant is


    ___________________________________ (__________%).

    4. That the applicant shall increase the percentage of its foreign


    equity to ______________________________ percent (_________%).

    5. That the primary purpose of said corporation is


    ________________________________________________________________________
    ________________________________________________________________________
    ________________________________________________________________________
    (Please use additional sheet if necessary)

    * domestic market enterprise – an enterprise which produces goods for sale, or renders services
    or otherwise engages in any business in the Philippines. This requires minimum paid-in capital
    equivalent of US$200,000.00.

    ** export market enterprise – an enterprise wherein a manufacturer, processor or service


    (including tourism enterprise exports sixty (60%) percent or more of its output, or wherein a
    trader purchases products domestically or exports sixty (60%) percent or more of such
    purchase. Minimum paid-up capital required is P5,000.00.
    6. That the increase in foreign equity shall be undertaken
    through:
    ( ) assignment of Filipino stockholdings to non-Philippine nationals

    ( ) issuance of new stocks from the unsubscribed capital stock

    ( ) increase/decrease of authorized capital stock

    ( ) merger or consolidation

    ( ) others __________________________________

    7. That the present authorized, outstanding and paid-up


    capital stock of the applicant are as follows:

    AUTHORIZED OUTSTANDING PAID-UP

    P_________________________ P _________________________ P _________________________

    IN WITNESS WHEREOF, I, the authorized representative of the


    applicant, hereby signed this application this ______ day of ____________,
    200___ in ____________________________.

    ____________________________________________
    (Signature over printed name of Authorized Representative)

    _________________________________
    Position

    SUBSCRIBED AND SWORN TO before me this _______ day of


    ____________, 200____, affiant exhibiting to me his/her Community Tax
    Certificate No. ______________ issued at _____________________ on
    ____________________.

    NOTARY PUBLIC

    Doc. No. ____________;


    Page No. ____________;
    Book No. ____________;
    Series of 200 ________.
    NOTE:
     Only applications with complete supporting documents including proper indorsements from
    appropriate government agencies shall be accepted.
     All documents executed abroad should be authenticated by the Philippine Embassy or
    Consulate in the country where executed.
     Submit six (6) copies

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