What are the grounds upon which the SEC may revoke or suspend the license of a foreign corporation?
The SEC may revoke or suspend a foreign corporation’s license for several reasons, without prejudice to other special laws (SEC. 151, Revised Corporation Code of the Philippines). Grounds include failure to file its annual report or pay any required fees as mandated by the Code. Another reason is the failure to appoint and maintain a resident agent in the Philippines. A third ground is the failure to submit an authenticated copy of any amendment to its articles of incorporation or bylaws within the prescribed time. Finally, the license can be revoked for transacting business in the Philippines outside of the purpose or purposes for which such corporation is authorized under its license.
31 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
