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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 requisite registration statement and secured the necessary approval from the SEC. The Astrazion Group, i...
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
The equity or capital of a corporation is divided into shares of stock, which are owned by the so-called stockholders or shareholders. The stockholders realize the profits earned by the entity in the form of dividends distributed to them. They elect the members of the Board of Directors, who must…
In light of the upcoming May 9 elections, one of the issues that has been raised is the importance of complying with the requirements of the Bureau of Internal Revenue for all those that are running for elected posts.