For non-stock non-profit organizations or foundation, you need 1 Million paid-up capital (money in the bank!)
On 11/5/07, Orlando Andico <[EMAIL PROTECTED]> wrote: > > 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 > -- Jaime F. Tiongson
_________________________________________________ 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
