Can the Office of the Ombudsman investigate acts of public officials without a formal complaint from a citizen?
The Ombudsman can investigate any apparently illegal or unjust act of a public official either on complaint or on its own.
What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts?
What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts? If a corporation is ordered dissolved by final judgment for committing or aiding in securities violations, money laundering, or graft and corrupt practices, its assets, after payment of its liabilities, shall be forfeited in favor of the national
What is the dual basis for a stockholder to compel the corporation to purchase shares or compel its dissolution in a close corporation?
What is the dual basis for a stockholder to compel the corporation to purchase shares or compel its dissolution in a close corporation? A stockholder of a close corporation may compel the corporation to purchase their shares at fair value, which must be not less than the par or issued value, only when the corporation
What are the four grounds upon which the SEC may dissolve a corporation involuntarily?
What are the four grounds upon which the SEC may dissolve a corporation involuntarily? A corporation may be dissolved involuntarily by the SEC motu proprio or upon the filing of a verified complaint by any interested party (SEC. 138, Revised Corporation Code of the Philippines). Grounds for dissolution include the non-use of the corporate charter
What are the four grounds upon which the SEC may dissolve a corporation involuntarily? Read More »
