Group Reporting Assignment on Wednesday, March 18, 2018

a. Group 1: Wednesday, March 18, 2018

Jaleen/Dave

b. Group 2: Wednesday, March 18, 2018

Wenlyn/Gladys

c. Group 3: Tuesday, March 24, 2018

Kizz/Avie

d. Group 4: Wednesday, March 25, 2018

Just/Kim/Jayvie

Reporting Flow:

1. Report Presentation – 1 hour

2. Q&A from Atty Yen Mendoza (to test the mastery of the reporters on the topic) – 30 mins

Group 1 Topic: Duties and Liabilities of Directors/Right of Inspection/Derivative Suits

Discuss the following points:

a. Duties in general
b. Duty of Diligence
c. Duty of Loyalty
d. Duties and Liabilities of Officers
e. Duty of controlling interest
f. Remedies of stockholders in case of mismanagement or abuse
g. The Right of Inspection and Basis
h. Records covered and required to be kept by the Corporation
i. Extent and Limitations of the Right
j. Who may exercise the right
k. Remedies available if inspection is refused
l. Nature and Definition of Derivative Suits
m. Requirements for a Derivative Suit

Group 2 Topic: Financing the Corporation – Capital Structure

Discuss the following points:

a. Sources of Financing in a Corporation (sec. 62)

b. Classification of Shares-6
c. Common Shares
 d. Preferred Shares
e. Par Value Shares
f. No par Value Shares
g. Founder’s Shares-7
h. Redeemable Shares-8
i. Treasury Shares-9,41
j. Convertibles Shares-p.247 DL
k. Non Voting Shares-
l. Nature and Definition of a Subscription Contract-60
m. Pre-incorporation subscription
n. Pre-emptive right to shares-39
o. Limitation to exercise pre-emptive right
p. Remedies in case of unwarranted denial of pre-emptive right

Group 3 Topic: Consideration for the Issuance of Shares/Dividends

Topics to be discussed:

a. Form of Consideration for Shares of Stock

b. Liability on watered stocks
c. How payment of shares enforced
d. Effect of delinquency
e. Rights and obligations of Holders of Unpaid But non-Delinquent Stock
f. Issuance of Certificate of Stock
g. Lost or destroyed certificate
h. Form of Dividends
i. Definition of Stock
j. Source of Dividends
k. Declaration of Dividends
l. When Right to Dividends Vest
m. Purchase by the Corporation of its own Shares

Group 4 Topic: Amendments of Charter/Transfer of Shares/Dissolution/Corporate Combination

Topics to be discussed:

a. Amendments of the Articles of Incorporation

b. Grounds for Disapproving Amendment
c. Special Amendments
d. Manner and Effectivity of Transfer of Shares
e. Registration
f. Restrictions on Transfer in a close corporation
g. Collateral Transfers
h. Unauthorized Transfers
 i. Causes of Dissolution
j. Effects of Dissolution
k. Definition Merger and Consolidation
l. Effectivity and Effects of Merger and Consolidation
m. Procedure for Merger and Consolidation

Grading System: 85/85

1. Clarity and Mastery in the Discussion of the Topic – 40 %

2. Ability to discuss relevant cases in relation to the topic – 35%
3. Creativity in presenting the report – 10%