Document background
The Memorandum of Company Limited by Shares is a crucial document required when establishing a corporation in the Philippines. It must be prepared in accordance with the Revised Corporation Code of the Philippines and SEC regulations, serving as the founding document that defines the company's fundamental characteristics and operations. This document is mandatory for company registration and is typically prepared during the initial stages of company formation. It contains essential information such as the company's name, principal office, corporate purpose, capital structure, and governance framework. The Memorandum becomes a matter of public record upon registration with the SEC and serves as a reference point for shareholders, directors, officers, and other stakeholders throughout the company's existence. Any future modifications to the Memorandum must follow specific procedures and obtain SEC approval.
