STOCKS

Republic Act No. 201

Anonymous — Sun, 28 Mar 2021 04:45:51 +0000

Republic Act No. 201

Anonymous (not verified) Sun, 2021-03-28 12:45

Republic Act No. 201

Full Title

AN ACT TO PROVIDE FOR THE ISSUANCE BY CORPORATIONS OF NEW CERTIFICATES OF STOCK IN LIEU OF THOSE LOST, STOLEN OR DESTROYED, AFTER THE RECONSTITUTION OF THE RECORDS OF THE CORPORATION IN ACCORDANCE WITH LAW, AND TO FIX A PERIOD WITHIN WHICH TO CONTEST SUCH ISSUANCE.

Date of Approval

1948-04-19

URL (Supreme Court)

Supreme Court link to the resource

House Bill No.

H. No. 686

Congress

1st Congress of the Republic

Issuance Category

Legislative Issuance

Subjects

CORPORATIONS

STOCKS

Official Gazette Details

Official Gazette Source

Official Gazette vol. 44 no. 7 page 2169 (7/00/1948)

Legislative Issuance Type

Republic Act

Body

H. No. 686

[ REPUBLIC ACT NO. 201, April 19, 1948 ]

AN ACT TO PROVIDE FOR THE ISSUANCE BY CORPORATIONS OF NEW CERTIFICATES OF STOCK IN LIEU OF THOSE LOST, STOLEN OR DESTROYED, AFTER THE RECONSTITUTION OF THE RECORDS OF THE CORPORATION IN ACCORDANCE WITH LAW, AND TO FIX A PERIOD WITHIN WHICH TO CONTEST SUCH ISSUANCE.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. The following procedure shall be followed for the issuance by corporations of new certificates of stock in lieu of those which have been lost, stolen or destroyed, after the reconstitution of the records of the respective corporations in accordance with existing laws:

The registered owner of certificates of stock in a corporation or his legal representative shall file an affidavit in triplicate with the corporation issuing said certificates setting forth, if possible, the circumstances as to how, when and where said certificates were lost, stolen or destroyed, the number of shares represented by each certificate, the serial numbers of the certificates, and. the name of the corporation which issued the same. He shall also submit such other information and evidence which he may deem necessary.

After verifying the affidavit and other information and evidence with the books of the corporation, said corporation shall publish a notice, in a newspaper of general circulation in the Philippines published in the place where said corporation has its principal office, once a week for three consecutive weeks at the expense of the registered owner of the certificates of stock which have been lost, stolen, or destroyed. The notice shall state the name of said corporation, the name of the registered owner and the serial numbers of said certificates, and the number of shares represented by each certificate, and that after the expiration of one year from the date of the last publication, if no contest has been presented to said corporation regarding said certificates of stock, the right to make such contest shall be barred and said corporation shall cancel in its books the certificates of stock which have been lost, stolen or destroyed and issue in lieu thereof new certificates of stock, unless the registered owner files a bond or other security in lieu thereof as may be required running for a period of one year for a sum and in such form and with such sureties as may be satisfactory to the Board of Directors in which case a new certificate may be issued even before the expiration of the one year period provided herein: Provided, That if a contest has been presented to said corporation or if an action is pending in court regarding the ownership of said certificates of stock which have been lost, stolen or destroyed, the issuance of the new certificates of stock in lieu thereof shall be suspended until final decision by the court regarding the ownership of said certificates of stock.

SEC. 2. Except in case of fraud, bad faith or negligence on the part of the corporation and its officers, no action may be made against any corporation which shall issue certificates of stock in lieu of those lost, stolen, or destroyed pursuant to the provisions of section one hereof.SEC. 3. This Act shall take effect upon its approval.Approved, April 19, 1948.

Source: Supreme Court E-Library

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Republic Act No. 446

Anonymous — Sun, 28 Mar 2021 04:46:27 +0000

Republic Act No. 446

Anonymous (not verified) Sun, 2021-03-28 12:46

Republic Act No. 446

Full Title

AN ACT TO AMEND SECTION ONE HUNDRED AND NINETY-FIVE OF ACT NUMBERED TWENTY-FOUR HUNDRED AND TWENTY-SEVEN, OTHERWISE KNOWN AS "THE INSURANCE ACT", AS AMENDED.

Date of Approval

1950-06-08

Senate Bill No.

S. No. 78

URL (Supreme Court)

Supreme Court link to the resource

Congress

1st Congress of the Republic

Issuance Category

Legislative Issuance

Subjects

CORPORATIONS -- INSURANCE

INSURANCE

STOCKS

THE INSURANCE ACT

Official Gazette Details

Official Gazette Source

Official Gazette vol. 46 no. 6 page 2466 (6/00/1950)

Amendment Note

ACT 2427, sec. 195

Legislative Issuance Type

Republic Act

Body

S. No. 78 / 46 OG No. 6, 2466 (June, 1950)

[ REPUBLIC ACT NO. 446, June 08, 1950 ]

AN ACT TO AMEND SECTION ONE HUNDRED AND NINETY-FIVE OF ACT NUMBERED TWENTY-FOUR HUNDRED AND TWENTY-SEVEN, OTHERWISE KNOWN AS "THE INSURANCE ACT", AS AMENDED.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Section one hundred and ninety-five of Act Numbered Twenty-four hundred and twenty-seven as amended, is hereby further amended to read as follows:

"SEC. 195. Every insurance corporation hereafter formed or organized under the laws of the Philippines shall, if a stock corporation, have a subscribed capital stock equal to at least five hundred thousand pesos, fifty per centum of which must be paid up in cash previous to the issuance of any policy, and the residue within twelve months from the date of filing its articles of incorporation. For failure to have its capital stock paid up within the time prescribed the corporation shall not be permitted to take any new risks of any kind or character. If organized as a mutual company, in lieu of such capital stock, it must have available cash assets of at least five hundred thousand pesos above all liabilities for losses reported, expenses, taxes, legal reserve, and reinsurance of all outstanding risks."Any officer, official, or director of the corporation taking or authorizing the taking of any risk for the corporation in violation of the terms of this section shall be punished by imprisonment for not less than one year nor more than five years and by a fine of not less than one thousand nor more than five thousand pesos."

SEC. 2. This Act shall take effect upon its approval.Approved, June 8, 1950.

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Republic Act No. 9648

Anonymous — Sun, 28 Mar 2021 05:05:25 +0000

Republic Act No. 9648

Anonymous (not verified) Sun, 2021-03-28 13:05

Republic Act No. 9648

Full Title

AN ACT EXEMPTING FROM DOCUMENTARY STAMP TAX ANY SALE, BARTER OR EXCHANGE OF SHARES OF STOCK LISTED AND TRADED THROUGH THE STOCK EXCHANGE, FURTHER AMENDING FOR THE PURPOSE SECTION 199 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9243, AND FOR OTHER PURPOSES

Date of Approval

2009-06-30

Senate Bill No.

S. No. 3203

URL (Congress)

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URL (Supreme Court)

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URL (Senate)

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House Bill No.

H. No. 4900

Digital Resource

View PDF file as uploaded in Senate website

Congress

14th Congress of the Republic

Issuance Category

Legislative Issuance

Subjects

DOCUMENTARY STAMP TAX

REPUBLIC ACT 8424 -- AMENDMENTS AND REPEALS

Official Gazette Details

Official Gazette Source

Official Gazette vol. 105 no. 36 page 5403 (9/7/2009)

Amendment Note

RA 8424, sec. 199

Legislative Issuance Type

Republic Act

Related to Note

RA 9243

Senate Bill

S. No. 3203

House Bill

H. No. 4900

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Bill Note

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Legislative History

Entitled:

AN ACT EXEMPTING FROM DOCUMENTARY STAMP TAX ANY SALE, BARTER OR EXCHANGE OF SHARES OF STOCK LISTED AND TRADED THROUGH THE STOCK EXCHANGE, FURTHER AMENDING FOR THE PURPOSE SECTION 199 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9243, AND FOR OTHER PURPOSES

[ SECOND REGULAR SESSION, 14TH CONGRESS ]

[ 2009 ]

5/4/2009 Prepared and submitted by the Committee on WAYS AND MEANS with Senator(s) EDGARDO J. ANGARA and PANFILO M. LACSON as author(s) per Committee Report No. 322, recommending its approval in substitution of HBN-4900, taking into consideration SBNos. 2497 and 3006;

5/5/2009 Sponsor: Senator PANFILO M. LACSON;

5/5/2009 Committee Report Calendared for Ordinary Business;

5/12/2009 Transferred from Ordinary Business to Special Order;

5/12/2009 Sponsorship speech of Senator PANFILO M. LACSON;

5/19/2009 Interpellation of Senator(s) AQUILINO Q. PIMENTEL JR. and JUAN MIGUEL ZUBIRI;

5/19/2009 Period of interpellation closed;

5/19/2009 Senators JUAN MIGUEL F. ZUBIRI and RICHARD DICK J. GORDON were made coauthors;

5/19/2009 Period of committee amendments closed;

5/19/2009 Period of individual amendments closed;

5/19/2009 Approved on Second Reading without Amendment;

5/20/2009 Printed Copies were distributed to the Senators;

5/25/2009 Approved on Third Reading;

5/25/2009 In favor: (16) BENIGNO S. AQUINO III, JOKER P. ARROYO, RODOLFO G. BIAZON, "COMPANERA" PIA S. CAYETANO, MIRIAM DEFENSOR SANTIAGO, JINGGOY P. EJERCITO-ESTRADA, JUAN PONCE ENRILE, FRANCIS "CHIZ" G. ESCUDERO, RICHARD "DICK" J. GORDON, GREGORIO B. HONASAN II, PANFILO M. LACSON, MANUEL "LITO" M. LAPID, AQUILINO Q. PIMENTEL JR., RAMON A. REVILLA JR., MAR ROXAS and JUAN MIGUEL F. ZUBIRI;

5/25/2009 Against: N o n e;

5/25/2009 Abstention: N o n e;

5/27/2009 Sent to the House of Representatives requesting for concurrence;

6/2/2009 House of Representatives agreed to the amendments of the Senate to HBN-4900, as contained in SBN-3203 on May 26, 2009;

6/8/2009 Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, received by the Senate for the signature of Senate Secretary Reyes and Senate President Enrile;

6/16/2009 Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, sent back to the House of Representatives already signed by Senate Secretary Reyes and Senate President Enrile;

6/17/2009 Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, sent to the Office of the President of the Philippines, for the signature and approval of President Gloria Macapagal Arroyo;

6/30/2009 Consolidated with HBN-4900, which was Approved and Signed into Law by the President of the Philippines, Her Excellency President Gloria Macapagal Arroyo, and became;
(See: O.B. dated July 29, 2009)

6/30/2009 REPUBLIC ACT NO. 9648.

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Committee Report No.

322

Legislative History

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Floor Activity

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Committee Referral

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Entitled:
AN ACT EXEMPTING FROM DOCUMENTARY STAMP TAX ANY SALE, BARTER OR EXCHANGE OF SHARES OF STOCK LISTED AND TRADED THROUGH THE STOCK EXCHANGE, FURTHER AMENDING FOR THE PURPOSE SECTION 199 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9243, AND FOR OTHER PURPOSES
[ SECOND REGULAR SESSION, 14TH CONGRESS ]
[ 2009 ]
5/4/2009	Prepared and submitted by the Committee on WAYS AND MEANS with Senator(s) EDGARDO J. ANGARA and PANFILO M. LACSON as author(s) per Committee Report No. 322, recommending its approval in substitution of HBN-4900, taking into consideration SBNos. 2497 and 3006;
5/5/2009	Sponsor: Senator PANFILO M. LACSON;
5/5/2009	Committee Report Calendared for Ordinary Business;
5/12/2009	Transferred from Ordinary Business to Special Order;
5/12/2009	Sponsorship speech of Senator PANFILO M. LACSON;
5/19/2009	Interpellation of Senator(s) AQUILINO Q. PIMENTEL JR. and JUAN MIGUEL ZUBIRI;
5/19/2009	Period of interpellation closed;
5/19/2009	Senators JUAN MIGUEL F. ZUBIRI and RICHARD DICK J. GORDON were made coauthors;
5/19/2009	Period of committee amendments closed;
5/19/2009	Period of individual amendments closed;
5/19/2009	Approved on Second Reading without Amendment;
5/20/2009	Printed Copies were distributed to the Senators;
5/25/2009	Approved on Third Reading;
5/25/2009	In favor: (16) BENIGNO S. AQUINO III, JOKER P. ARROYO, RODOLFO G. BIAZON, "COMPANERA" PIA S. CAYETANO, MIRIAM DEFENSOR SANTIAGO, JINGGOY P. EJERCITO-ESTRADA, JUAN PONCE ENRILE, FRANCIS "CHIZ" G. ESCUDERO, RICHARD "DICK" J. GORDON, GREGORIO B. HONASAN II, PANFILO M. LACSON, MANUEL "LITO" M. LAPID, AQUILINO Q. PIMENTEL JR., RAMON A. REVILLA JR., MAR ROXAS and JUAN MIGUEL F. ZUBIRI;
5/25/2009	Against: N o n e;
5/25/2009	Abstention: N o n e;
5/27/2009	Sent to the House of Representatives requesting for concurrence;
6/2/2009	House of Representatives agreed to the amendments of the Senate to HBN-4900, as contained in SBN-3203 on May 26, 2009;
6/8/2009	Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, received by the Senate for the signature of Senate Secretary Reyes and Senate President Enrile;
6/16/2009	Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, sent back to the House of Representatives already signed by Senate Secretary Reyes and Senate President Enrile;
6/17/2009	Enrolled copies of the consolidated version of HBN-4900 and SBN-3203, sent to the Office of the President of the Philippines, for the signature and approval of President Gloria Macapagal Arroyo;
6/30/2009	Consolidated with HBN-4900, which was Approved and Signed into Law by the President of the Philippines, Her Excellency President Gloria Macapagal Arroyo, and became; (See: O.B. dated July 29, 2009)
6/30/2009	REPUBLIC ACT NO. 9648.