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Summary of Periods

The document lists various time periods associated with corporate requirements and processes. These include: - Periods ranging from 5 years to more than 5 years for non-use of corporate charter, non-stock educational corporations, continuous operations, disqualification of directors/trustees, exclusive voting rights, proxy agreements, and exploration of natural resources. - Periods of 3 years for extending corporate term, winding up processes, and complying with requirements for existing corporations. - Shorter periods including annually for stockholder meetings, 6 months for pre-incorporation contracts and questioning sales, 3 consecutive weeks for publications, and 2 weeks for notice of postponements or delinquency sales. - Various

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Ella Lucero
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184 views2 pages

Summary of Periods

The document lists various time periods associated with corporate requirements and processes. These include: - Periods ranging from 5 years to more than 5 years for non-use of corporate charter, non-stock educational corporations, continuous operations, disqualification of directors/trustees, exclusive voting rights, proxy agreements, and exploration of natural resources. - Periods of 3 years for extending corporate term, winding up processes, and complying with requirements for existing corporations. - Shorter periods including annually for stockholder meetings, 6 months for pre-incorporation contracts and questioning sales, 3 consecutive weeks for publications, and 2 weeks for notice of postponements or delinquency sales. - Various

Uploaded by

Ella Lucero
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Summary of Periods

5 years Non-use of corporate charter and does not formally organize and commence business

5 years Nonstock Educational Corp - Term of Office

At least 5 consecutive years Continuous Operation

5 years Disqualification of DTO

5 years Duration of exclusive right to vote and devoted for of founder’s share

5 years Continuing proxy

5 years Voting Trust Agreement (irrevocable)

LOAN AGREEMENT - can be more than 5 years

5 years Period to submit reportorial requirements of OPC 3x before being considered as delinquent

5 years Power to enter in Management Contract

More than 5 years Exploration of natura; resources

3 years Extension of corporate term prospectively

3 years Period of winding up

2 years Period to comply from effectivity of RCC for existing corp

1 year BOD - Term of Office

1 year Waiting period to contest in case of lost or destroyed certificate

Annually Regular meeting of stockholders/members

6 months Pre-Incorporation Subscription Contract

6 months When sale may be questioned

6 months Sub Deposit

3 consecutive weeks Publication in General Circulation

2 weeks before the meeting Notice of postponement of meeting

2 weeks Notice for delinquency sale

60 days Period of new date election

60 days Period to notify SEC regarding the transfer of shares upon conversion of OPC to ordinary
corp

60 days Submission of Securities Deposit

60 days Submission of copy of amendment of AOI of foreign corp

45 days Period to fill out vacancy in case DTO dies or resigns

45 days Period to fill out vacancy of BOD from other grounds

30 days To decide if stock is delinquent

30 days Period to exercise appraisal right


30-60 days BOD Resolution for delinquency sale

30-60 days Period to file objection during hearing of voluntary dissolution

21 days Notice for regular meeting of stockholders or members

20 days Stock and transfer book closed before the regular meeting

20 days Period to update the list of members or proxies prior to election

20 days Valid period of exparte

20 days Period to close the stock and transfer book before regular meeting

20 days Period of notice of voluntary dissolution before the meeting

15 days Period to elect Treasurer, Secretary and other officers in OPC

15 days Issuance of Certificate of Dissolution upon the receipt of verified request

15 days Period for withdrawal of Request and petition for dissolution

15 days Final Arbitral Award becomes executor

10 days From receipt of written request for right to FS copy

10 days Notation of appraisal right

7 days Period to close the stock and transfer book before special meeting

7 days Period to transfer shares to heirs upon conversion of OPC to Ordinary Corp

5 days SEC to conduct investigation upon denial to report to SEC

5 days Period to notify and report election in OPC

5 days Period for Secretary to notify death or incapacity in OPC

5 days Period to notify nominee and alternate nominee of conversion to ordinary corp

5 days Period to notify SEC of conversion to ordinary corp

5 days Notice of order of SEC in voluntary dissolution where creditors are affected

2 days Notice for regular and special meeting of BOD/BOT

No later than day of expiration Period to fill out vacancy of BOD if term expires

Same day of removal Period to fill out vacancy of BOD from removal

After April 15 Regular meeting of stockholders/members if by-laws is silent

Monthly Regular meeting of BOD/BOT

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