First of all, PLUG's registration is still under consideration - meaning we still have to figure out if we need it at all.
Second, how can a non-stock non-profit org require 1 million paid up capital? Do you mean every little charitable, religious, trade, fraternal etc NGO needs 1 million to get SEC registered? Even stock corporations (for profit) only require P5,000 paid up. Anyway, hope to see you guys soon. Please come Jaime if you can. Thanks Gary On 11/5/07, Jaime Tiongson <[EMAIL PROTECTED]> wrote: > > 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 > -- http://kikay.exchange.ph http://mom.exchange.ph http://basketball.exchange.ph ======================= Make life easier for Webmasters! http://spreadfirefox.com/community/?q=user/register&r=137994
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