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  THE REVISED CORPORATION CODE  OF THE PHILIPPINES  Republic Act No. 11232  TITLE VIII - CORPORATE BOOKS AND RECORDS Section 74. Right to Financial Statements .   A corporation shall furnish a stockholder or member, within ten (10) days from receipt of their written request, its most recent financial statement, in the form and substance of the financial reporting required by the Commission. At the regular meeting of stockholders or members, the board of directors or trustees shall present to such stockholders or members a financial report of the operations of the corporation for the preceding year, which shall include financial statements, duly signed and certified in accordance with this Code, and the rules the Commission may prescribe. However, if the total assets or total liabilities of the corporation are less than Six hundred thousand pesos (₱600,000.00), or such other amount as may be determined appropriate by the Department of Finance, the financial state...

THE REVISED CORPORATION CODE  OF THE PHILIPPINES  Republic Act No. 11232  TITLE VIII - CORPORATE BOOKS AND RECORDS Section 73. Books to be Kept; Stock Transfer Agent .  Every corporation shall keep and carefully preserve at its principal office all information relating to the corporation including, but not limited to: (a) The articles of incorporation and bylaws of the corporation and all their amendments; (b) The current ownership structure and voting rights of the corporation, including lists of stockholders or members group structures, intra-group relations, ownership data, and beneficial ownership. (c) The names and addresses of all the members of the board of directors or trustees and the executive officers; (d) A record of all business transactions; (e) A record of the resolutions of the board of directors or trustees and of the stockholders or members; (f) Copies of the latest reportorial requirements submitted to the Commission; and (g) The minutes of all mee...

THE REVISED CORPORATION CODE  OF THE PHILIPPINES  Republic Act No. 11232  TITLE VII - STOCKS AND STOCKHOLDERS Section 72. Lost or Destroyed Certificates. The following procedure shall be followed by a corporation in issuing new certificates of stock in lieu of those which have been lost, stolen or destroyed: (a) The registered owner of a certificate of stock in a corporation or such person's legal representative shall file with the corporation an affidavit in triplicate setting forth, if possible, the circumstances as to how the certificate was lost, stolen or destroyed, the number of shares represented by such certificate, the serial number of the certificate and the name of the corporation which issued the same. The owner of such certificate of stock shall also submit such other information and evidence as may be deemed necessary; and (b) After verifying the affidavit and other information and evidence with the books of the corporation shall publish a notice in a newspa...

THE REVISED CORPORATION CODE  OF THE PHILIPPINES  Republic Act No. 11232  TITLE VII - STOCKS AND STOCKHOLDERS Section 71. Rights of Unpaid Shares, Nondelinquent. Holders of subscribed shares not fully paid which are not delinquent shall have all the rights of a stockholder. 1. Accrual of Rights of Shareholders. A pre-incorporation subscriber becomes a shareholder from the moment the Certificate of Incorporation is issued .  He is a shareholder from the inception of the corporation.   Unless certain terms and conditions are required, a post-incorporation subscriber becomes a shareholder from the perfection of the subscription contract.   He is a shareholder the moment he holds the shares by virtue of a subscription contract. Whether the subscription is pre-incorporation or post-incorporation subscription , the subscriber is entitled to all the rights of a shareholder from the time he becomes such shareholder . It is not necessary that the ...

  THE REVISED CORPORATION CODE  OF THE PHILIPPINES  Republic Act No. 11232  TITLE VII - STOCKS AND STOCKHOLDERS Section 65. Interest on Unpaid Subscriptions.  Subscribers to stock shall be liable to the corporation for interest on all unpaid subscriptions from the date of subscription, if so required by and at the rate of interest fixed in the subscription contract. If no rate of interest is fixed in the subscription contract, the prevailing legal rate shall apply. Section 66. Payment of Balance of Subscription . Subject to the provisions of the subscription contract, the board of directors may, at any time, declare due and payable to the corporation unpaid subscription and may collect the same or such percentage thereof, in either case, with accrued interest, if any, as it may deem necessary. Payment of unpaid subscription or any percentage thereof, together with any interest accrued, shall be made on the date specified in the subscription contract or on the da...