A subscription contract is usually established by the company issuing the shares, but can also be drafted by the subscriber if the company does not have a subscription contract at its disposal. The user must complete the required information in the document. Once the document is complete, the user must print at least three (3) copies of the subscription contract. If the subscription is a down payment for future subscriptions, the SEC stipulates that all of the following must be present: a subscription contract is a document in which a person (the subscriber) agrees to acquire the unasselected shares of an existing company or a company created (the «company»). However, some also use subscription contracts to acquire shares from an increase in the authorized stock of an existing limited company. In this case, the subscription is called a «deposit for future subscription.» The revised corporation code is the general law that governs subscription contracts. Several laws, rules and regulations can also affect the subscription contract, for example. B Financial Information Bulletin 6, amended on May 11, 2017, on the filing of future share subscriptions. Other laws, their rules and regulations, as well as SEC rules, may also affect the Corporation`s behavior and transactions. B such as the Philippine Constitution of 1987, the Securities Regulation Code, the Foreign Investment Act, the Republic Act 8179, in particular the negative list for foreign investment, the Anti-Money Laundering Act and the Anti-Stupid Law, which can influence the ownership requirements of a capital corporation. , depending on the company`s activity. Tax laws can also affect the underwriting of shares.
«SEK. 60. Pre-incorporation subscription. – the subscription of shares of a limited company to be created is irrevocable for a period of at least six (6) months from the date of subscription, unless all other participants agree to the revocation or the company does not have to intervene within the same time frame or within a period provided by the subscription contract. Once the statutes are submitted, the Commission cannot be revoked from a pre-creation subscription.» IN WITNESS WHEREOF has led each of the parties to execute this subscription contract to the (month and day) (year). «SEC. 59. Underwriting Contract – Any contract to acquire shares not issued in an existing company or a company to be formed is considered a subscription within the meaning of this security, regardless of whether the parties designate it as a purchase or other contract. (highlighted and highlighted) Search for keywords (z.B «sales contract») Advanced search e. Shares outstanding exchanged for shares in the event of a reissue or conversion; This document also contains confirmation. Recognition is an act of a person in front of a notary who says that the signature on a document was voluntarily affixed by him and that he executed the document as his free and voluntary act.
Confirmation of a document before a notary becomes a document in a public document. Public records are generally self-authenticating, which means that no further evidence is required to prove the execution of the document.