Draft Sample PETITION FOR CALLING OF A MEETING AND ELECTION OF OFFICERS

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Republic of the Philippines

SECURITIES AND EXCHANGE COMMISSION


Secretarial Bldg., PICC Complex, Pasay City

______(Name of the Petitioner)____ , SEC Case No. _____________

Petitioner For: Calling of a Meeting and Election of Officers

-versus-

______(Name of the Petitioner)____ ,

Respondent

x------------------------------------------------------------------x

PETITION FOR CALLING OF A MEETING AND ELECTION OF OFFICERS

Petitioner/s. ________________. thru counsel/himself/themselves, unto this


Honorable Commission, most respectfully state/s, that:

1. __________is a duly registered corporation with SEC


Registration No _____________ with postal address at__________ where it
may be served with summons and other processes;

2. Petitioner/s is/are Unit owner/s / stockholder/s of (Name of Corporation)__ .


(Petitioner’s address)___.attached herewith is a copy of the Certificate of
Stock/Title of the Condominium, marked as Annex”___”;

3. For the last___ (__) years, _______thru its Hold-over Officers, have not filed
Financial Statement/s and General Information Sheet/s as required by the
Securities and Exchange Commission (attach proof of failure to file the above
document, if any)

4. Likewise, that for the same period,_____________ has not called the required
meeting of its officers and members under Article __of its Articles of
Incorporation which required the officers of the Corporation/Association to
conduct the general membership meeting at least once every year;

Article IV
Meeting of Members

The member of the Condominium Corporation shall held its annual meeting at its
principal office Metropolitan Avenue, Makati City for the purpose of electing the
members of the Board of Directors and to transact the business no authorized in
said meeting. If the date set for the meeting is a holiday, then the meeting shall held
on the next day of the same place and time. X x x x x.

Special meetings of the members maybe called and convened at any time by
resolution of the Board of Directors or by the President upon written Petition of the
members representing the majority of all the members of the Corporation.
5. Also, the incumbent officers of ______________ failed to comply with
Articles_____ and ______of its Article of Incorporation and By-Laws;

6. Further, under Article ___ of the Articles of Incorporation and Article___ By-
Laws of the Corporation/Association, the members of the Board of
Directors/Trustees shall hold office for only year subject for re-election;

Article VIII
Board of Director

The Board of Directors shall set for one Year, x x x x x

7. But for reasons unknown, the above-mentioned provisions of the Articles of


Incorporation and By-Laws of _________ was blatantly violated and were not
followed. The members of the Board are conveniently sitting as a lifetime
Directors, without the benefit of an election as required by law;

8. And for this, disregard of the abovementioned provisions of the Articles of


Incorporation and/or By-Laws of _________. it is most respectfully prayed and
moved that the above mentioned Hold-over Board of Directors be declared
vacant, and, the Honorable Securities and Exchange Commission order to
conduct a meeting and election of the Board of Directors so that justice be
given its end.

RESPECTFULLY SUBMITTED.
__________ for ______City
__________, 2022

Counsel for the Petitioner

By:__________________

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