My understanding is that the actual subscribed capital need not be 100% of the paid up capital. I think 5% is sufficient...
On Nov 5, 2007 6:04 PM, Jaime Tiongson <[EMAIL PROTECTED]> wrote: > I hope the problem will be resolved soon. New Non-stock, non-profit > corporation needs 1 Million paid up capital. It will be very difficult for > the group to raise 1 Million and re-register again. _________________________________________________ Philippine Linux Users' Group (PLUG) Mailing List [email protected] (#PLUG @ irc.free.net.ph) Read the Guidelines: http://linux.org.ph/lists Searchable Archives: http://archives.free.net.ph
