January 2, 1980
Mr. Josue S. Falla
Philippine Cotton Corporation
San Fabian, Pangasinan
Sir :
This has reference to your letter dated December 1, 1978, seeking information as to the requirements for the registration of a non-stock corporation. Cdpr
Relative thereto, the following should be submitted to this Commission in triplicate:
1. Articles of incorporation in conformity with Nos. 1-6 of the attached "Salient Features for the Formation and Organization of a Private Stock Corporation";
2. Written undertaking to change corporate name (sample form enclosed);
3. Modus Operandi or detailed explanation on how the association shall carry out its objectives, signed by at least a majority of the incorporators or by a duly authorized representative.
4. Resolution of the Board signed by at least a majority of them or certified under oath by the secretary in the following tenor:
"RESOLVED, that the corporation will comply with the SEC requirements for non-stock corporation dated May 24, 1963, in the course of its operation".
5. List of members of the association containing their manual signatures and attested by the Acting Secretary. If the incorporators are the only present...
