What are the maximum and minimum administrative fines the SEC may impose for violating the Code?
If the SEC finds that any provision of the Code, rules, or orders has been violated, it may impose several administrative sanctions (SEC. 158, Revised Corporation Code of the Philippines). The primary sanction is the imposition of a fine ranging from Five thousand pesos (P5,000.00) to Two million pesos (P2,000,000.00). Additionally, the SEC may impose a daily fine of not more than One thousand pesos (P1,000.00) for each day of continuing violation. Crucially, the total amount of the fine, including the daily penalty, shall in no case exceed Two million pesos (P2,000,000.00).
02 November 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/.
