Page 9 - Revised Corporation Code News Today

The Regular Annual Meeting of the Stockholders of Seafront Resources Corporation (the “Company”) will be conducted virtually on June 23, 2022. Details to participate are listed here.

                The doctrine of “doing business” is generally applicable to foreign corporations desiring to transact business in the Philippines. The law states that such foreign corporations should obtain a license from the Securities and Exchange Commission (Sec. 140, Revised Corporation Code). S

MANILA - The Securities and Exchange Commission (SEC) has ordered Astrazion Noble Task Community Foundation, Astrazion Global Holdings Philippines Inc., and Astrazion International to stop offering their supposed digital currency through an illegal multi-level marketing platform. In an order dated May 12, the SEC en banc directed the Astrazion Group to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requ...

Can a corporation file a claim for moral damages? The expected layman’s answer to this question is no and understandably so. In the first place, a corporation is an artificial being created by operation of law (Section 2, Revised Corporation Code). Moreover, moral damages are those normally suffered

                There is now a provision in the Revised Corporation Code (RCC) permitting the constitution of an “emergency board” to allow a corporation to deal with certain contingencies. The general rule is that any vacancy occurring in the board of directors, other than by removal or expiration

THE Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corp. and Brendahl Cruz Holdings Inc. for running Ponzi-like schemes in its operations through a “buy-and-earn” (B&E) program of perfumes. The SEC’s Enforcement and Investor Protection Department found that the companies affiliated with Brendahl Cruz have been…

Securities and Exchange Commission (SEC) Associate Commissioner Commissioner Javey Paul D. Francisco has been reappointed and is expected to continue to steer the agency’s initiatives toward improving the ease of doing business in the country. First appointed as SEC commissioner in 2018, Francisco

JAVEY Paul D. Francisco, a commissioner at the Securities and Exchange Commission, has been re-appointed to the post for a fresh term of seven years. Francisco was first appointed to his current post in 2018, taking over the unexpired term of Blas James G. Viterbo who resigned from that post…

Philippines - Guidelines On Corporate Dissolution (Voluntary Dissolution). Legal News and Analysis - Philippines - Insolvency & Restructuring -

Globe will hold its annual stockholders' meeting this April 26, 2022 with details to participate listed within.