X is a Filipino immigrant residing in Sacramento, California. Y is a Filipino residing in Quezon...
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X is a Filipino immigrant residing in Sacramento, California. Y is a Filipino residing in Quezon City, Philippines. Z is a resident alien residing in Makati City. ABC Corporation is a domestic corporation - 40% owned by foreigners and 60% owned by Filipinos, with A as authorized representative. DEF Corporation is a foreign corporation registered with the Philippine Securities and Exchange Commission. GHI Corporation is a domestic corporation (100%) Filipino owned. Sis a Filipino, 16 years of age, and the daughter of Y. A. Who can be incorporators? Who can be subscribers? * Your answer B. What are the differences between an incorporator and a subscriber, if there are any? * C. Who are qualified to become members of the board of directors of the corporation? * Your answer D. Who are qualified to act as Treasurer of the company? * Your answer E. Who can be appointed Corporate Secretary? * X is a Filipino immigrant residing in Sacramento, California. Y is a Filipino residing in Quezon City, Philippines. Z is a resident alien residing in Makati City. ABC Corporation is a domestic corporation - 40% owned by foreigners and 60% owned by Filipinos, with A as authorized representative. DEF Corporation is a foreign corporation registered with the Philippine Securities and Exchange Commission. GHI Corporation is a domestic corporation (100%) Filipino owned. Sis a Filipino, 16 years of age, and the daughter of Y. A. Who can be incorporators? Who can be subscribers? * Your answer B. What are the differences between an incorporator and a subscriber, if there are any? * C. Who are qualified to become members of the board of directors of the corporation? * Your answer D. Who are qualified to act as Treasurer of the company? * Your answer E. Who can be appointed Corporate Secretary? *
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Answer rating: 100% (QA)
A As per Corporation Code Incorporators should be Natural persons only and therefore judicial person... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
Posted Date:
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