TITLE VIII: CORPORATE BOOKS AND RECORD

Sec. 73. Books to be Kept; Stock Transfer Agent

a. Articles of incorporation, bylaws and all amendments;
b. Current ownership structure and voting rights including its list
of stockholders, group structures, intra group relations, intra
group data and beneficial ownership;
c. Names and addresses of all the members of the directors or
trustees and the executive officer;
d. All the record of its business transaction;
e. Record of the resolutions of directors, trustees and the
stockholders;
f. Copies of the latest reportorial requirements submitted to the
Commission; and
g. All the information about the meetings.
- All the Corporate records regardless of the form shall be open for
inspection.
- A requesting party who don’t have any relation to the corporation
have no right to inspect and demand the records. Any officer or
agent who shall refuse the inspection or reproduction shall be
liable to those who demand and shall be guilty to the offense.
- If the corporation denies the inspection, the aggrieved party may
report to the Commission.
- Corporations must keep a stock and transfer book.
Sec. 74. Right to Financial Statements
- A financial report for the preceding year duly signed and certified
shall be presented at the regular stockholders’ or members’
meeting.
- The proper custodian of the books is the corporate secretary; has
the duty to record and prepare the minute of meeting. The signature
of the corporate secretary gives credibility.
- The stockholders’ right to inspection to the books and record is
based upon their ownership of the asset and property of the
corporation.