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On May 12, 2014, the  Bureau of Internal Revenue issued Revenue Memorandum Circular No. 40-2014  on  Prescribing the Use of  Electronic Certificate Authorizing Registration  (BIR Form No. 2313-R for Transaction Involving Transfer of Real Properties and BIR Form No. 2313-P for Transaction Involving Transfer of Personal Properties).  In this memorandum, the previous manual issuance of […]

What is the Electronic CAR or eCAR?  According to the Bureau of Internal Revenue, the eCAR is “an electronically generated Certificate Authorizing Registration issued by the Commissioner or his duly authorized representative attesting that the transfer and conveyance of land, buildings/improvements or shares of stock arising from sale, barter or exchange have been reported and the taxes […]

Pursuant to the Securities Regulation Code and the Corporation Code of the Philippines, as mandated, the Securities and Exchange Commission (SEC) has the authority to regulate the corporate sector within the Philippines, thus making it the government body responsible with handling documents relating to shares of stock. One of the major requirements after filing for […]

What is a Stock and Transfer Book? A Stock and Transfer Book (STB) is an official ledger possessing significant information involving vote entitlement of a stockholder, their status, and their equity ownership. It is a notable entry book kept by the Corporate Secretary to continuously ensure the constant update of information involving stockholder status and […]

The general rule is that the estate of the decedent should be judicially administered through an administrator or executor.  There are exceptions to this rule where the law allows heirs to resort to the following: Extrajudicial settlement of estate  where the decedent died intestate and left no debts (Sec. 1, Rule 74 of the Revised […]