Beruflich Dokumente
Kultur Dokumente
(Name of Corporation)
The undersigned incorporators, all of legal age and majority of whom are
residents of the Philippines, have this day voluntarily agreed to form a stock
corporation under the laws of the Republic of the Philippines;
FOURTH: That the term for which said corporation is to exist is 50 years from and
after the date of issuance of the certificate of incorporation.
FIFTH: That the names, nationalities and residences of the incorporators are
as follows:
The Trustees shall not receive any compensation or remuneration, except only
reasonable per diem.
TENTH: The level of administrative expenses shall not exceed thirty (30%)
of the total expenses for the taxable year.
TWELFTH: That no part of the property or income shall inure to the benefit
of any member, officer, organizer or any individual person.
ACKNOWLEDGMENT
known to me and to me known to be the same persons who executed the foregoing
Articles of Incorporation constituting of ( ) pages, including this
page where the acknowledgement is written, and they acknowledged to me that the
same is their free act and voluntary deed.
NOTARY PUBLIC
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BY –LAWS
OF
b) Special meetings of the Board of Trustees may be held at any time upon
the call of the President or as provided herein.
III. QUORUM
V. MEMBERSHIP
VIII. COMMITTEES
a) The Board shall have a Board Charter that formalizes and clearly states
its roles, responsibilities and accountabilities in carrying out its fiduciary
duties, particularly in relation to social, financial and governance goals.
b) The Board Charter shall serve as a guide to the Trustees in the
performance of their function.
The fiscal year of the corporation shall begin on the first day of January and
end on the last day of December of each year.
The Microfinance NGO may adopt a corporate seal which shall be approved
by the Board.
b) The Microfinance NGO shall amend its By-Laws upon receipt of notice or
directive from the Microfinance NGO Regulatory Council to integrate
other requirements which are deemed necessary to ensure the
observance of financial standards, social performance requirements,
governance benchmarks, and other rules and regulations.