Answer the questions directly and concisely. Do not repeat the questions. Write legibly. A mere "Yes or "No" answer will not be given any credit. Please do not copy from the internet/ google

V

The Articles of Incorporation to be registered in the SEC contained the following provisions:

First: The name of the corporation shall be Toby Marketing Company.

Third: The principal office of the corporation shall be located in Bicol Region, in such city/municipality therein as its Board of Directors may designate.

Seventh: The capital stock of the corporation in One Million Pesos (P1,000,000), Philippine currency.

What are your comments/suggestions for the proposed Articles of Incorporation to be compliant with the requirements of the law?