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effectivity of amendments of by laws

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1 effectivity of amendments of by laws on Fri Aug 19, 2011 9:26 pm


Arresto Menor
good day!
ask lang po, we are in the process of amending our by-laws. it's already been forwarded at SEC. Some of the amendments are the following:
1. changing the term of trustees from 2 years to 3 years
2. increasing the amount of per diem of trustees.

our last election was held last January 2011.

if the amendments were approved by SEC this year, will it take effect this year also?

thanks and more power! Very Happy

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2 Re: effectivity of amendments of by laws on Wed Aug 24, 2011 9:12 pm


The amendments shall take effect upon their approval by the Securities and Exchange Commission or from the date of filing with the said Commission if not acted upon within six (6) months from the date of filing for a cause not attributable to the corporation.

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