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 […]
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 »
Green energy advocates and conservationists, rejoice! Republic Act No. 11285 (RA 11285), otherwise known as the Energy Efficiency and Conservation Act, is now binding law in the Philippines. With RA 11285, energy conservation and efficiency are no longer terms within the realm of policy statements. Energy conservation and efficiency have become mandatory, under pain of
Energy Conservation given the Green Light under Republic Act No. 11285 Read More »
