Document background
The Intention To Dissolve Notice is a mandatory document required by Philippine corporate law when a corporation decides to voluntarily terminate its existence. This document must be filed with the Securities and Exchange Commission (SEC) and serves multiple purposes: it formally notifies regulatory authorities of the planned dissolution, informs stakeholders of the impending changes, and initiates the legal process of corporate dissolution. The notice must be prepared in accordance with the Revised Corporation Code of the Philippines and relevant SEC regulations, containing essential information such as corporate details, financial status, dissolution timeline, and the basis for the decision to dissolve. The document is typically prepared after a board resolution approving the dissolution has been passed and before commencing the formal dissolution procedures.
