How is the penalty in the Revised Corporation Code imposed if the offender of a violation is a corporation?
If the offender of a violation is a corporation, the penalty may be imposed upon the corporation itself and/or upon its responsible personnel (SEC. 171, Revised Corporation Code of the Philippines). At the discretion of the court, the penalty may be imposed upon its directors, trustees, stockholders, members, officers, or employees responsible for the violation. Liability may also be imposed upon those whose participation was indispensable to its SEC. This allows the court flexibility to target the individuals who directed or executed the illegal corporate act.
02 November 2025
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Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
