Can an OPC Keep Its Name After Adding Shareholders?
Learn the SEC conversion requirements and possible fines when an OPC gains shareholders but continues using the “OPC” designation.
Can an OPC Keep Its Name After Adding Shareholders? Read More »
What is the criminal penalty for the unauthorized use of a corporate name?
What is the criminal penalty for the unauthorized use of a corporate name? The unauthorized use of a corporate name is specifically penalized under the Code (SEC. 159, Revised Corporation Code of the Philippines). The violator shall be punished with a fine ranging from Ten thousand pesos (P10,000.00) to Two hundred thousand pesos (P200,000.00). This
What is the criminal penalty for the unauthorized use of a corporate name? Read More »
Under what conditions is a corporate name considered not distinguishable from an existing name?
Under what conditions is a corporate name considered not distinguishable from an existing name? A corporate name is considered not distinguishable if it contains generic additions such as the word “corporation”, “company”, “incorporated”, “limited”, “limited liability”, or an abbreviation of one of such words (SEC. 17, Revised Corporation Code of the Philippines). Similarly, a name
Protection of Trade Names
A trade name pertains to the identity of a company and is given protection by the law even prior to or without registration, against any unlawful act committed by third parties. The right to the exclusive use of a corporate name with freedom from infringement by similarity is determined by priority of adoption. The injured company can seek relief from the SEC.
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