The law provides sanctions for rights violations and compensation/rehabilitation for victims of torture and their families.
What are the legal consequences for violating the rights of detainees? Read More »
What is the consequence if a corporation refuses or obstructs the SEC’s exercise of its visitorial powers? If a corporation, without justifiable cause, refuses or obstructs the SEC’s exercise of its visitorial powers, the SEC may impose severe sanctions (SEC. 178, Revised Corporation Code of the Philippines). Specifically, the SEC may revoke the corporation’s certificate
When may the SEC suspend or revoke the certificate of incorporation of a corporation under its general powers? The SEC is granted the general power to suspend or revoke the certificate of incorporation of any entity under its jurisdiction (SEC. 179, Revised Corporation Code of the Philippines). This drastic action can only be taken after
What happens if a corporation fails to submit reportorial requirements to the3 SEC three times? If a corporation fails to submit the required reportorial documents three (3) times, consecutively or intermittently, within a period of five (5) years, the SEC may place the corporation under delinquent status (SEC. 177, Revised Corporation Code of the Philippines).
What is the scope of the SEC’s visitorial powers over corporations? The SEC shall exercise visitorial powers over all corporations, which are crucial for regulatory oversight and enforcement (SEC. 178, Revised Corporation Code of the Philippines). These powers include the examination and inspection of records, ensuring transparency and compliance with legal mandates. The visitorial authority
What is the scope of the SEC’s visitorial powers over corporations? Read More »
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
