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Republic of The Philippines) City of Makati) S.S. Treasurer's Affidavit

The document is a Treasurer's Affidavit for a corporation called Learn Ahead Academy. It states that the Treasurer certifies that at least 25% of the authorized capital stock has been subscribed and at least 25% of the subscription has been paid in cash/property for the corporation. It authorizes the Securities and Exchange Commission to examine and verify the deposit in a bank account in the Treasurer's name, representing the paid-up capital of the corporation. The Treasurer waives the right to notice and hearing if the paid-up capital is not deposited or withdrawn prior to approval of the articles of incorporation.

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Joey Albert De Guzman
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127 views1 page

Republic of The Philippines) City of Makati) S.S. Treasurer's Affidavit

The document is a Treasurer's Affidavit for a corporation called Learn Ahead Academy. It states that the Treasurer certifies that at least 25% of the authorized capital stock has been subscribed and at least 25% of the subscription has been paid in cash/property for the corporation. It authorizes the Securities and Exchange Commission to examine and verify the deposit in a bank account in the Treasurer's name, representing the paid-up capital of the corporation. The Treasurer waives the right to notice and hearing if the paid-up capital is not deposited or withdrawn prior to approval of the articles of incorporation.

Uploaded by

Joey Albert De Guzman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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REPUBLIC OF THE PHILIPPINES )

City of Makati )S.S.

Treasurer’s Affidavit

I, ______________________________, being duly sworn, 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 subscription has been paid, and received by me
in cash/property for the benefit and credit of the corporation.

This is also to authorize the Securities and Exchange Commission to examine and
verify the deposit in the _____________________________________________________ in
my name as treasurer in trust for Learn Ahead Academy in the amount
of__________________________________ representing the paid-up capital of the said
corporation which is in the process of incorporation. This authority is valid and
inspection of said deposit may be made even after the issuance of the Certificate of
Incorporation to the corporation. Should the deposit be transferred to another bank
prior to or after incorporation, this will also serve as authority to verify and examine the
same. The representative of the Securities and Exchange Commission is also authorized
to examine the pertinent books and records of accounts of the corporation as well as all
supporting papers to determine the utilization and disbursement of the said paid-up
capital.

In case the said paid-up capital is not deposited or withdrawn prior to the approval of
the articles of incorporation, I, in behalf of the above named corporation, waive our
right to a notice and hearing in the revocation of our Certificate of Incorporation.

______________________________
Treasurer

SUBSCRIBED AND SWORN to before me this 20th day of March, 2019 at


Makati City, Philippines, affiant exhibiting to me his/her _______________ with number
__________________ issued by ______________ on _______________.

NOTARY PUBLIC
Until December 31, 2020
Doc No. _______;
Page No. _______;
Book No. _______;
Series of 2019.

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