Creation of Additional Paid in Capital

What this is For:

Creation of Additional Paid in Capital

Other Documentary Requirements:

1. Letter requesting approval for the creation of the additional paid in capital

2. Certification under oath by the corporate secretary on the board resolution approving the creation of the additional paid-in capital

3. Audited financial statements as of the last fiscal year stamped received by BIR and SEC

Note: For additional requirements, refer to the additional requirements for Increase of the Authorized Capital Stock depending on the kind of infusion.