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SC imposes 2-year suspension sans pay vs judge for Ponzi decision

THE Supreme Court (SC) has imposed a two-year suspension without pay against a regional trial court (RTC) judge in South Cotabato for issuing an order enjoining the Securities and Exchange Commission (SEC) from implementing its cease and desist (CDO) order against the officers and agents of Kapa Community Ministry International Inc.…
South Cotabato The Philippines Justice Antonio Kho Jr Oscar Noel Jr Mike Gonzalez Kapa Community Ministry International Inc

The benefits of treasury shares | The Manila Times

THE outstanding capital stock of a corporation shall constitute a trust fund held by the corporation for the benefit of its creditors. It shall not be returned to the stockholders by repurchase of shares, except in the manner as provided for under the Revised Corporation Code, and the rules prescribed by the Securities and Exchange Commission (SEC).
Exchange Commission Philippine Stock Exchange Terms Of Service Corporation Code Revised Corporation Code Manila Time

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DOJ's opinion: Cocochem, CIIF-OMG are both GOCCs

THE Department of Justice (DOJ) has issued a legal opinion declaring both the United Coconut Chemicals Inc. (Cocochem) and the Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG) as government-owned and controlled corporations (GOCCs) that are required to remit at least 50 percent of their net earnings to the national government. Justice…
Government Service Insurance System Jesus Crispin Remulla Compensation Commission Corporation Code United Coconut Chemicals Inc Bureau Of Treasury Btr

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