Page 12 - Corporation Code News Today

THE Bureau of Internal Revenue (BIR) reminded all candidates, political parties and campaign contributors to register with the agency and comply with tax obligations. In its latest Revenue Memorandum Circular 22-2022 dated February 21, the BIR said all candidates, political parties/party-list groups and campaign contributors are required to register with…

May a corporation guarantee the repayment of the debt of another corporation? A corporation has applied for a loan with a bank but it has insufficient collaterals. To supplement the security, the corporation submitted the guaranty from another corporation. Should the bank accept such guaranty as add

Atty. Rowena V. Guanzon of the U.P. College of Law and Harvard’s Kennedy School of Government served as municipal mayor, UP law professor, a Commissioner at the Commission on Audit before being appointed to the Commission on Elections.

There is a growing trend for corporations to appoint a chairman emeritus in the corporation.  “Emeritus” comes from a Latin word meaning “earned” or “merited,” signifying prestige, distinguished experience and accomplishments. In most cases, the chairman emeritus once served as chairman of the board

Senate panel recommends charges vs Duterte, others over Pharmally deal

The position of chairman of the board of directors is one of honor and prominence. The term “chairman” refers not only to the person presiding during the meetings of the board. It is a position reserved for one who is chosen on account of his stature, importance and respectability. He is the leader

In a stricter regulatory environment, compliance is everybody’s business! Enhance your skills and update yourselves with the new laws, rules and regulations, and memorandum circulars/ orders issued by the regulating bodies.

Two officials of the Philippine Chamber of Commerce and Industry (PCCI) have filed a Temporary Restraining Order (TRO) and/or Writ of Preliminary Injunction against the PCCI Commission on Elections (COMELEC) and key chamber officers for alleged irregularities in the conduct of the 2021 election of d

Supreme Court (SC) The Supreme Court (SC) has stressed that disputes between and among members of homeowners’ associations in villages are within the jurisdiction of the Housing and Land Use Regulatory Board (HLURB) and not the regional trial court (RTC). The SC said: “Intra-corporate controve

Senate security officers can not find Pharmally Pharmaceutical Corporation officials Mohit Dargani and his sister, Twinkle, at their three condominium units in Greenhills, San Juan city and Bonifacio Global city in Taguig City. The two were ordered arrested yesterday October 19 by Senator Richard J