Document background
The Company's Articles of Association is a mandatory document required for corporate formation in the Philippines under the Revised Corporation Code. It must be prepared and filed when establishing a new corporation or when making fundamental changes to an existing company's structure. The document contains essential information about the company's identity, purpose, share capital, management structure, and operational rules. It serves as the company's constitutional document and is binding on the company, its officers, directors, and shareholders. The Articles must comply with Philippine law, particularly the Revised Corporation Code and relevant SEC regulations, and any amendments require stockholder approval and SEC filing. This document is crucial for establishing corporate governance frameworks and protecting stakeholder interests while ensuring regulatory compliance in the Philippine business environment.
