I subscribe to this `Shares` of the Company`s capital stock at a price of $-per-share and by offer, here`s, the sum of $USD in full payment of the share purchase price. Whether you are a private investor or a company investing in another, a subscription contract describes the details of the transaction, including the price and agreed amount of the shares. If you are the investor, you can protect yourself from the fact that companies are changing the terms of the agreement. If your company sells shares or shares, you don`t want an investor to change their mind at the last minute. A subscription contract can help you turn a promise into a real transaction. A subscription agreement is a document in which a person (the „subscriber“) agrees to acquire the unselected shares of an existing or social company (the „company“). However, some also use subscription contracts to acquire shares from an increase in the authorized stock of an existing limited company. In this case, the subscription is called a „deposit for future subscription.“ Businesses, individuals or companies interested in acquiring shares in a company should use a stock subscription contract when they must register a share subscription between a company and a buyer. Using an agreement is also a good way to register all subscribers in the company and the number of shares that may be issued in the future. The revised corporation code is the general law that governs subscription contracts.
Several laws, rules and regulations can also affect the subscription contract, for example. B Financial Information Bulletin 6, amended on May 11, 2017, on the filing of future share subscriptions. Other laws, their rules and regulations, as well as SEC rules, may also affect the Corporation`s behavior and transactions. B such as the Philippine Constitution of 1987, the Securities Regulation Code, the Foreign Investment Act, the Republic Act 8179, in particular the negative list for foreign investment, the Anti-Money Laundering Act and the Anti-Stupid Law, which can influence the ownership requirements of a capital corporation. , depending on the company`s activity.