In this half-day event, we will discuss the following areas of concern:
a. The recent Supreme Court decision upholding the SEC accreditation for external auditors, its impact to practitioners and stakeholders
b. Salient highlights of the Revised Corporation Code touching the minimum number of directors, minimum subscription & payment, qualifications of directors, filling up of vacancy in the Board, limitations on the right to inspect corporate records, election, purpose clause, foreign equity ownership
c. Whether corporate debt vehicle can engage in direct lending.
d. What is the extent of activity that you can venture into in reference to your primary purpose?
e. How do you determine quorum in a condominium corporation?
f. Retail trade, further amplified
g. Qualifications & disqualifications of hospitals’ independent directors; Revisiting the Basics of Corporate Governance
h. Can a foreign national sit as a President of a logistics and freight forwarding company? What’s the latest on Anti-Dummy Law?
i. Navigating the complexities of bitcoin & how SEC intends to regulate the same.
j. What’s new in the Securities Regulation Code affecting publicly listed companies?
k. Are there any foreign ownership equity restrictions for online order placement & advertisement platform?
l. What are the rules for buy-back of shares?
m. Paid-in capital vs paid-up capital: Its legal consequences if not properly interpreted.
n. Revisiting the concept of tender offer, property swap, pre-emptive rights & how minority stockholders are protected under the Revised Corporation Code for those delisting companies
o. Can the Company provide retained earnings appropriations for mere contingencies?
p. 2024 SEC Legal Opinions affecting foreign corporations such as branch and representative office, Public Service Act implementation, and One Person Corporation
q. Navigating the statutory compliance of Non-Stock Non-Profit Corporations such as Schools, Foundations, and Charitable Institutions generating income from its non-core activities: SEC & BIR take
As part of our value-added presentation, we will attempt to cover the following related tax updates given the significance to the main content:
a. Capital Markets Efficiency Promotions Act (CMEPA) & how it will affect the taxation of passive income
b. What’s new affecting financing, lending & leasing companies
c. Taxability & exemption of condominium & association dues, for BIR & LGU purposes citing the recent cases of Serendra & Bellagio Condominium
d. Electronic commerce & the impact of VAT on Digital Services for online placement & payment
e. Industry issues affecting hospitals, real estate companies, Micro-Finance NGO, PEZA-registered entities, mineral processing, country clubs, aviation, rice & corn industry, and cooperatives
f. Withholding tax rules affecting logistics & freight forwarding with local & foreign agents vis-à-vis BIR RMC 5-2024 on the taxability of offshore payments
g. Proper tax treatment of stock options and directors’ fees
h. Tax treatment of cost recharges in reference to the related-party transactions
