With regards to the commencement of corporate existence, SEC 19 of Bilang Pambansa 68 "The Corporation Code of the Philippines" would be the reference with details as follows:
SEC. 19. Commencement of corporate existence. A private corporation formed or organized under this Code commences to have corporate existence and juridical personality and is deemed incorporated from the date the Securities and Exchanged Commission issues a certificate of incorporation under its official seal; and thereupon the incorporators, stockholders/members and their successors shall constitute a body politic and corporate under the name stated in the articles of incorporation for the period of time mentioned therein, unless said period is extended or the corporation is sooner dissolved in accordance wit law.
