Energy Regulatory Commission

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    Date: 2023-11-24 11:16:14.256120

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    Date: 2023-11-24 16:44:04.511899

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The max. and min. requirements/restrictions on capital stock.

Requested from ERC by J. Gonzales at 11:16 AM on Nov 24, 2023.
Purpose: Company Incorporation
Date of Coverage: 01/01/2022 - 11/24/2023
Tracking no: #ERC-132724337947

Gonzales 11:16 AM, Nov 24, 2023 

Hi! I would like to inquire about the following regarding a company, that is engage in a Renewable Energy (Solar) business, whose planning to Incorporate in the Philippines:

1. What are the maximum/minimum requirements/restrictions on the following:

- authorized capital stock,
- subscribed capital stock and
- paid-up capital stock.

and if there are any implications on having too high or too low amount on those capital stocks.

Officer 04:44 PM, Nov 24, 2023 

November 24, 2023

Dear Jannah,

I refer to your letter of Nov 24, 2023 about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for "The max. and min. requirements/restrictions on capital stock.."

However, the ERC FOI Manual provides that an FOI Request should contain a proof of identification (at least one (1) government issued ID with photo).

In this regard, to proceed with your request, we have noted that your Student ID's information is not current (AY 2020). Kindly provide a copy of your Student ID displaying the most recent Academic Year or furnish us a valid government-issued ID here at the FOI portal or submit via email to records@erc.ph.

During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Feb 16, 2024, your request will be closed.

We hope to hear from you at the soonest possible time.

Thank you.

Respectfully,

FOI Receiving Officer
FOI Officer

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