Republic Acts1 min read
Section 7Sec./Art. 7
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Capitalization of a FISTC. -A FISTC shall have a minimum authorized capital stock of Five hundred million pesos (P500,000,000.00), with a minimum subscribed capital stock of One hundred twenty-five million pesos (P125,000,000.00), and a minimum of paid-up capital of Thirty-one million two hundred fifty thousand pesos (P31,250,000.00). Where land and foreign equity participation are concerned, the FISTC shall comply with the provisions of the Constitution and the minimum capital requirements in accordance with Republic Act No. 7042, as amended, otherwise known as "The Foreign Investment Act".
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