Organization : Bangko Sentral ng Pilipinas / Philippine Deposit Insurance Corporation
Type of Facility : Template/ Format of Secretary Certificate Philippines
Country: Philippines
Website : http://www.pdic.gov.ph/
Download Template/Format of Secretary Certificate Philippines :
https://www.statusin.org/uploads/7187-secretaryscertificate.pdf
https://www.statusin.org/uploads/7187-SecCERT.pdf
Template of Secretary Certificate Philippines :
Secretary’s Certificate :
I, (name of corporate secretary/assistant corporate secretary), of legal age, Filipino, with office address at (complete office address), after having been sworn in accordance with law, hereby depose and say as follows:
Related : The Philippine Corporation How To File Claim For Deposit Insurance : www.statusin.org/455.html
1) That I am the duly elected Corporate Secretary/Assistant Corporate Secretary of (name of institution) (hereinafter referred to as the “Bank”), a corporation duly organized and existing and by virtue of the laws of the Republic of the Philippines, with principal office and place of business at (complete office address);
2) That I am the custodian of the corporate books and records of the Bank, including the Minutes and Resolutions of its Board of Directors;
3) That at the Regular/Special Meeting of the Board of Directors of the Bank held on (dd mm yyyy), during which a quorum was present and acted throughout, the following resolution was unanimously approved:
FORM NO. 5
REPUBLIC OF THE PHILIPPINES)
___________________________) S.S.
(Resolution No. _________)
RESOLVED, that any two (2) of the following officers be hereby authorized to sign and endorse for and in behalf of the Bank contracts, agreements, instruments, statements, reports, and other documents pertaining to the day-today business operations and activities of the Bank with Philippine Payments and Settlements System (PhilPaSS).
NAME POSITION SPECIMEN SIGNATURE
_____________________ ________________ _____________________
_____________________ ________________ _____________________
_____________________ ________________ _____________________
_____________________ ________________ _____________________
_____________________ ________________ _____________________
_____________________ ________________ _____________________
4) That the foregoing resolution has not been altered, modified, nor revoked; and that the same is now in full force and in effect; and
5) That I am executing this Certificate for whatever legitimate purpose it may serve.
IN WITNESS WHEREOF, I have hereunto affixed my signature and the seal of the Bank this ____ day of _______________ at _______________.
(Name of corporate secretary/assistant corporate secretary):
Corporate Secretary/Assistant Corporate Secretary
Subscribed and sworn to before me this _____ day of _________ at _____________________, affiant exhibiting to me his Community Tax Certificate No. ______________ issued on ___________________ in _________________ and his Passport/Driver License No. _______________, which will expire on _____________________.
Doc. No. _________;
Page No. _________;
Book No. _________;
Series of __________
NOTARY PUBLIC
FAQ :
When should the depositor of a closed insured bank file his claim with PDIC?
The depositor of the closed insured bank has 24 months from date of bank takeover to file his deposit insurance claim.
What happens when the depositor of a closed bank fails to file his claim within the 24-month period?
All rights of the depositor with respect to the insured deposit shall no longer be honored. But he may still make a claim against the assets of the closed bank.
How long does it take PDIC to settle a claim for insured deposit?
** PDIC aims to pay valid claims as soon as possible. Prior to payout, claims are examined thoroughly. This is to protect the Deposit Insurance Fund (DIF) which is the source of insurance payments. Sometimes, depositors mistakenly assume that the payouts are sourced from their deposits. This is not the case. The payouts are from PDIC’s own funds.
** The claim for insured deposit should be settled within six (6) months from the date of filing provided all requirements are met but the claim must be filed within twenty-four (24) months after bank takeover. The six-month period shall not apply if the documents of the claimant are incomplete or if the validity of the claim requires the resolution of issues of facts and law by another office, body or agency, independently or in coordination with PDIC.
How is insurance coverage determined?
In determining the insured amount, the outstanding balance of each account is adjusted, such that interests are updated, withholding taxes are deducted, accounts maintained by a depositor in the same right and capacity are added together; and whenever applicable, unpaid loans and other obligations of the depositor are deducted; and in no case shall insured deposit exceed P500,000.
R.A. No. 9576 stipulates that PDIC will not pay deposit insurance for the following accounts or transactions :
** Investment products such as bonds, securities and trust accounts;
** Deposit accounts which are unfunded, fictitious or fraudulent;
** Deposit products constituting or emanating from unsafe and unsound banking practices;
** Deposits that are determined to be proceeds of an unlawful activity as defined under the Anti-Money Laundering Law.