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After confirmation, applicant must secure a Reservation Payment Confirmation.
A mere Reservation Notice is not sufficient for the acceptance of any application for registration, or change of name of a corporation or partnership.
For a non-stock corporation, the number of trustees must be at least five (5) and could be more than fifteen.
For religious societies, the number of trustees must be at least five (5) but not more than fifteen (15).
For assignment of building where assignsor is nor owner of the land, submit lease contract on land and consent of landowner to the transfer 8.Once the Reservation Payment Confirmation has been issued, the reservation fee must be paid at the Cashier, SEC Main Office or at any of the designated Landbank branches.The contents of the AI are the following: a)The name of the corporation b)The specific purpose or purposes for which the corporation is being incorporated c)The place where the principal office of the corporation is to be located, which must be within the Philippines d)The term of which the corporation is to exist e)The names, nationalities and residences of the incorporators f)The number of directors or trustees, which shall not be less than five (5) nor more than fifteen (15) g)The names, nationalities and residences of persons who shall act as directors or trustees until the first regular directors or trustees are duly elected and qualified h)If it be a stock corporation, the amount of its authorized capital stock in lawful money of the Philippines, the number of shares into which it is divided, and in case the share are par value shares, the par value of each, the names, nationalities and residences of the original subscribers, and the amount subscribed and paid by each on his subscription, and if some or all of the shares are without par value, such fact must be stated.i)If it be a non-stock corporation, the amount of its capital, the names, nationalities of the contributors and the amount contributed by each j)The name of the treasurer-in-trust k)Tranfer clause l)Such other matters as are not inconsistent with law and which the incorporators may deem necessary and convenient Yes.The Corporation Code of the Philippines provides in Section 18 that no corporate name may be allowed by the SEC if the proposed name is identical or deceptively or confusingly similar to that of any existing corporation or to any other name already protected by law or is patently deceptive, confusing or contrary to existing laws.