Revised Corporation Code News Today

The Securities and Exchange Commission urges the Department of Justice to implement civil and criminal forfeiture against Abra Mining, its officers, and its stock transfer agent

The Securities and Exchange Commission (SEC) said it has filed a criminal complaint against Abra Mining and Industrial Corp.’s (AR) directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares from 2015 to 2019.  In a complaint-affidavit it filed with the Department of Justice, the…

FORMER Pampanga Representative Juan Miguel Arroyo and businessman Rodolfo Soriano Jr. filed a case with the Pasig City Regional Trial Court to invalidate the results of the April 5 election of the board of trustees of the National Golf Association of the Philippines (NGAP) due to alleged violations of the…

Many stock market investors are wondering why the Philippine Stock Exchange has not filed any court suit against the officials of Abra Mining and Industrial Corp. after it finished its probe into the sale of unissued shares of stock. And that investigation, which followed its suspension of the trading of…

Power generation companies and distribution utilities can now easily tap the capital market to raise fresh funding by offering public securities—thanks to a rec

The Securities and Exchange Commission (SEC) has suspended 117,885 corporations, which failed to comply with the reportorial requirements of the agency. The SEC said most of the companies did not submit their annual reports for more than five years. This is not the first time that the agency conducted a…

MEMBERS of the House Committee on Ways and Means have proposed to the Department of Trade and Industry (DTI) and the Bureau of Internal Revenue (BIR) the revocation of the business permit and manufacturing license of a well-known vape brand, along with legal action for tax code violations, as estimated…

The Securities and Exchange Commission, or SEC, has suspended the registration of close to 118,000 corporations for failing to comply with reportorial requireme

THE Philippine Sports Commission (PSC) renewed its partnership with the Philippine Dispute Resolution Center Inc. (PDRCI) to strengthen the sports agency’s pursuit of fair and efficient sports arbitration in the country. PSC chairman Richard Bachmann and PDRCI Acting President Atty. Rogelio Nicandro signed the memorandum of agreement (MOA) on Thursday…

IN two months, the case for the high-flying speculative mining stock, Abra Mining & Industrial Corporation (AR), will be celebrating its third year in hibernation with investors stuck with frozen funds, PSE President Ramon Monzon still mum on his “white knight” idea, and the PSE board eerily quiet on the…