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    Articles of Incorporation of Stryle Incorporation

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    Vilmalyn Vallespin
    The document is the Articles of Incorporation for Stryle Corporation. It establishes the corporation with the purpose of buying and selling goods and merchandise. It lists the incorporators and their nationalities/residences. It sets the number of directors at five. It establishes the capital stock at over 1.6 billion pesos divided into shares. It lists the initial subscribers and their share purchases totaling over 640 million pesos of the capital stock.

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    Articles of Incorporation of Stryle Incorporation

    Uploaded by

    Vilmalyn Vallespin
    356 views7 pages
    The document is the Articles of Incorporation for Stryle Corporation. It establishes the corporation with the purpose of buying and selling goods and merchandise. It lists the incorporators and their nationalities/residences. It sets the number of directors at five. It establishes the capital stock at over 1.6 billion pesos divided into shares. It lists the initial subscribers and their share purchases totaling over 640 million pesos of the capital stock.

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    Articles-of-Incorporation

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    The document is the Articles of Incorporation for Stryle Corporation. It establishes the corporation with the purpose of buying and selling goods and merchandise. It lists the incorporators and their nationalities/residences. It sets the number of directors at five. It establishes the capital stock at over 1.6 billion pesos divided into shares. It lists the initial subscribers and their share purchases totaling over 640 million pesos of the capital stock.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    356 views7 pages

    Articles of Incorporation of Stryle Incorporation

    Uploaded by

    Vilmalyn Vallespin
    The document is the Articles of Incorporation for Stryle Corporation. It establishes the corporation with the purpose of buying and selling goods and merchandise. It lists the incorporators and their nationalities/residences. It sets the number of directors at five. It establishes the capital stock at over 1.6 billion pesos divided into shares. It lists the initial subscribers and their share purchases totaling over 640 million pesos of the capital stock.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The key takeaways are that STRYLE CORPORATION is being incorporated to engage in wholesale and retail business. It has a capital stock of 1.6 billion pesos with over 25% subscribed by the incorporators.

    The primary purpose of STRYLE CORPORATION is to engage in the business of buying, selling, distributing and marketing all kinds of goods and merchandise wholesale or retail, as permitted by law.

    The incorporators are 9 individuals who are residents of different cities in the Philippines. They will serve as the initial directors of the corporation until successors are elected.

    Articles of Incorporation

    Of
    STRYLE INCORPORATION

    KNOW ALL MEN BY THESE PRESENTS:

    The undersigned incorporators, all of legal age and majority of whom are
    residents of the Philippines, have this day voluntarily agreed to form a stock
    corporation under the laws of the Republic of the Philippines;

    AND WE HEREBYCERTIFY:

    FIRST: That the name of said corporation shall be

    “STRYLE CORPORATION”

    SECOND: That the primary purpose for which such corporation is


    incorporated:To engage in, conduct and carry on the business of buying, selling,
    distributing, marketing at wholesale or retail in so far as may be permitted by law
    all kinds of goods, commodities, wares and merchandise of every kind and
    description; to enter into all kinds of contracts for the export, import,
    purchase, acquisition, sale at wholesale or retail and other dispositions for its
    own account as principal or representative capacity as manufacturing
    representatives, merchandise broker, indentor, commission merchant, factors
    or agents upon consignment of all kinds of goods, wares, merchandise
    or product whether natural or artificial.

    Provided that the corporation shall not solicit, accept or take


    investments/placements from the public neither shall it issue investment
    contracts.

    THIRD: That the principal office of the corporation is located in Cardinal


    Rosales Avenue, Cebu City, 6000, Philippines.

    FOURTH: That the term for which said corporation is to exist is 50 years from
    and after the date of issuance of the certificate of incorporation;
    FIFTH: That the names, nationalities and residences of the incorporators are
    as follows:

    NAME NATIONALITY RESIDENCE


    Camp 7, Minglanilla, Cebu,
    Joshua James R. Cabinas FILIPINO Philippines
    Guinsay, Danao City, Cebu,
    Mary Claire Vallespin FILIPINO Philippines

    Michel Jean A. Reyes FILIPINO Surigao del Sur, Philippines

    Joyce V. Adlao FILIPINO Alcoy, Cebu, Philippines


    San Remigio, Cebu,
    Zarrah T. Ramirez FILIPINO Philippines
    Canduman, Mandaue, Cebu,
    Mary Joy Aquino FILIPINO Philippines

    Earl Francis R. Malagapo FILIPINO Danao City, Cebu, Philippines

    Amir Asher Apostol FILIPINO Badian. Cebu, Philippines

    Frincis Sakura Desucatan FILIPINO

    Clyde Jane Banguran FILIPINO

    Jeanne Magdadaro FILIPINO


    SIXTH: That the number of directors of the corporation shall be five (5); and
    the names, nationalities and residences of the first directors of the corporation are
    as follows:

    NAME NATIONALITY RESIDENCE

    Earl Francis R. Malagapo FILIPINO Danao City, Cebu, Philippines

    Amir Asher Apostol FILIPINO Badian. Cebu, Philippines

    Frincis Sakura Desucatan FILIPINO

    Clyde Jane Banguran FILIPINO

    Jeanne Magdadaro FILIPINO

    SEVENTH: That the authorized capital stock of the corporation is ONE


    BILLION SIX HUNDRED MILLION FIVE HUNDRED THOUSAND SEVEN HUNDRED.
    (P1,600,500,700) pesos in lawful money of the Philippines, divided into THIRTY
    TWO MILLION ONE HUNDRED THOUSAND ONE HUNDRED FOURTY (P32,100,140)
    COMMON SHARES with the par value of FIVE (P5.00) pesos per share;

    EIGHT: That at least twenty five (25%) percent of the authorized capital
    stock above has been subscribed as follows:

    NAME OF NO. OF SHARES AMOUNT


    SUBSCRIBERS NATIONALITY SUBSCRIBED SUBSCRIBED
    Earl Francis R.
    Malagapo FILIPINO 64 000 000 320 000 000

    Amir Asher Apostol FILIPINO 32 000 000 160 000 000


    Frincis Sakura
    Desucatan FILIPINO 16 000 000 80 000 000

    Clyde Jane Banguran FILIPINO 8 015 021 40 075 105

    Jeanne Magdadaro FILIPINO 8 010 014 40 050 070

    96,025,035 P640,125,175
    NINTH: That the above-named subscribers have paid at least twenty-five
    (25%) percent of the total subscription as follows:

    NAME OF AMOUNT
    SUBSCRIBERS SUBSCRIBED TOTAL PAID-UP

    Earl Francis R. Malagapo 320 000 000 160 000 000

    Amir Asher Apostol 160 000 000 80 000 000

    Frincis Sakura Desucatan 80 000 000 80 000 000

    Clyde Jane Banguran 40 075 105 40 075 105

    Jeanne Magdadaro 40 050 070 40 050 070

    P640,125,175 P400,125,175

    TENTH: That Joyce V. Adlao has been elected by the subscribers as Treasurer
    of the Corporation to act as such until his successor is duly elected and qualified in
    accordance with the by-laws, and that as such Treasurer, he has been authorized to
    receive for and in the name and for the benefit of the corporation, all subscriptions
    or donations paid or given by the subscribers.

    ELEVENTH: That no transfer of stock or interest which will reduce the


    ownership of Filipino Citizens to less than the required percentage of the capital
    stock as provided by existing laws shall be allowed or permitted to be recorded in
    the proper books of the corporation and this restriction shall be indicated in all the
    stock certificates issued by the corporation.

    TWELFTH: That the incorporators and directors undertake to change the


    name of the corporation as herein provided, or as amended thereafter, immediately
    upon receipt of notice or directive from the Securities and Exchange Commission
    that another corporation, partnership or person has acquired a prior right to the use
    of that name or that the name has been declared as misleading, deceptive,
    confusingly similar to a registered name or contrary to public morals, good custom
    or public policy.
    IN WITNESS WHEREOF, we have hereunto signed these Articles of
    Incorporation, this 26th day of September 2020, in the City of Cebu, Province Cebu,
    Republic of the Philippines.

    TIN- TIN- TIN-

    TIN- TIN- TIN-

    TIN- TIN- TIN-

    TIN- TIN- TIN-

    TIN- TIN- TIN-

    (Names and signatures of the incorporators and TIN)


    ACKNOWLEDGEMENT

    REPUBLIC OF THE PHILIPPINES }


    } S.S.
    BEFORE ME, a Notary Public, for and in _____________________,
    Philippines, this ___________day of ______________________, 20 _________, personally
    appeared the following persons:

    TIN/ID/Passport Date &


    Name No. Place Issued

    known to me and to me known to be the same persons who executed the foregoing
    Articles of Incorporation constituting of four (4) pages, including this page where
    the acknowledgement is written, and they acknowledged to me that the same is
    their free act and voluntary deed.

    WITNESS MY HAND AND SEAL on the day first above-written.

    NOTARY PUBLIC
    Doc. No. ________
    Page No. ________
    Book No. _________
    Series of _________

    TREASURER’S AFFIDAVIT
    REPUBLIC OF THE PHILIPPINES )
    CITY/MUNCIPALITY OF ) S.S
    PROVINCE OF )

    I, ______________________________________, being duly sworn to, depose and say:

    That I have been elected by the subscribers of the corporation as Treasurer


    thereof, to act as such until my successor has been duly elected and qualified in
    accordance with the by-laws of the corporation, and that as such Treasurer, I hereby
    certify under oath that at least 25% of the authorized capital stock of the
    corporation has been subscribed and at least 25% of the total subscriptions has
    been paid, and received by me, in cash or property, in the amount
    of______________________________ in accordance with the Corporation Code

    ___________________________________
    (Signature of Treasurer)

    SUBSCRIBED AND SWORN to before me, a Notary Public, for and in the
    City/Municipality of_____________________________, Province of___________________________
    this ______ day of ____________________,19_______; by _________________with Res. Cert.
    No._____________________ issued at _________________________on _________________, 19_________.

    NOTARY PUBLIC
    My commission expires on
    _______________________, 19___________

    Doc. No._______
    Page No._______
    Book No.________
    Series of ________

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