Cham, Author at C3 Firm

Validity of Notice of Stockholders’ Meeting Not Affected By Date of Receipt

Section 50 of the Corporation Code and the by-laws of GCI only require the sending/mailing of the notice of a stockholders' meeting to the stockholders of the corporation. Sending/mailing is different from filing or service under the Rules of Court...

Random Notes

Some Things are Simply Meant to be

Perhaps, some things are simply meant to be. But, I would rather believe that love does make things happen for it was love that sustained me through the woes and pains of being a law student...

Legal Sheets

Business Enterprise Transfer Rule

The purpose of the business-enterprise transfer is to protect the creditors of the business by allowing them a remedy against the new owner...

Legal Sheets Tax Journals

Sale by PSALM of the Power Plants of NPC Not Subject to Value-Added Tax

The sale of the power plants is not "in the course of trade or business" as contemplated under Section 105 of the NIRC, and thus, not subject to VAT...

Legal Sheets

Capacity to Sue of Dissolved Corporation

The time during which the corporation, through its own officers, may conduct the liquidation of its assets and sue and be sued as a corporation is limited to three years from the time the period of dissolution commences...

Legal Sheets Property Ledgers

Maceda Law – Transactions Covered and Rights of Buyer

Republic act No. 6552, the Realty Installment Buyer Act, was enacted ‘to protect buyers of real estate on installment payments against onerous and oppressive conditions' (Sec. 2)...

Property Ledgers

Approaches to Value in Real Estate Appraisal

In real estate appraisal, the appraiser normally uses three approaches: 1) market data approach, 2) cost approach, and 3) income approach...

Legal Sheets Tax Journals

Gross Receipts of a Health Maintenance Organization (HMO) for Value-Added Tax

For VAT purposes, the gross receipts of an HMO do not include the amounts earmarked and actually spent for medical utilization of its members...

Legal Sheets

Validity of Divorce Obtained Abroad When Filipino Spouse Initiated the Proceeding

The letter of the law does not demand that the alien spouse should be the one who initiated the proceeding wherein the divorce decree...

Legal Sheets Tax Journals

Documentary Stamp Tax Payment Date for DST Metering Machine Users

For DS metering machine users, the payment of the DST upon loading/reloading is merely an advance payment for future application...

Legal Sheets

Republic Act No. 9225: Re-acquisition of Philippine Citizenship

Natural-born Filipino citizens who lost their Philippine citizenship by reason of naturalization as citizens of a foreign country may reacquire their Philippine citizenship pursuant to Republic Act No. 9225...