ART Inc. has authorized capital stock of P100,000 but the actual subscription is not given. What is the implied minimum paid up capital for the approval of its articles of incorporation?

In the context of corporate law, particularly with respect to the approval of articles of incorporation, there are specific requirements regarding the minimum paid-up capital that a corporation must have based on its authorized capital stock. Typically, there is a prescribed percentage of the authorized capital that needs to be paid up to ensure that the corporation can adequately cover its initial liabilities and establish credibility with creditors.

For corporations like ART Inc., the minimum paid-up capital is sometimes determined as a percentage of the authorized capital stock. Since the problem indicates that the authorized capital is P100,000 but does not specify any conditions regarding paid-up capital or subscriptions, the answer points to "None." This indicates that there is no minimum paid-up capital requirement specified in the information provided, which aligns with certain jurisdictions where no specific amount is mandated in the absence of subscriptions.

Thus, by interpreting the absence of a specified subscription as implying that the minimum paid-up capital requirement for the approval of the articles of incorporation is not definitively established, the conclusion that the answer is "None" fits within the legal framework governing corporate incorporation. This would suggest that ART Inc. can proceed without meeting a specific minimum paid-up capital threshold, at least based on the details provided.