SEC Order

How may the SEC compel a stockholder or member to call a meeting if the authorized person unjustly refuses?

Legal Answers /

How may the SEC compel a stockholder or member to call a meeting if the authorized person unjustly refuses? Whenever there is no person authorized to call a meeting, or the authorized person unjustly refuses to call one for any cause, the SEC may intervene (SEC. 129, Revised Corporation Code of the Philippines). Upon a […]

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What action must the Securities and Exchange SEC take if an election is not held as scheduled due to unjustified reasons?

Legal Answers /

What action must the Securities and Exchange SEC take if an election is not held as scheduled due to unjustified reasons? If a scheduled election is not held, the non-holding and the reasons must be reported to the SEC within thirty (30) days, specifying a new election date that is no later than sixty (60)

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