What are the two specific powers and authorities granted to the SEC regarding litigation and enforcement?
The SEC is granted the power and authority to issue cease and desist orders ex parte to prevent imminent fraud or injury to the public (SEC. 179, Revised Corporation Code of the Philippines). This allows for immediate regulatory action against fraudulent activities. The SEC also has the authority to issue writs of execution and attachment to enforce payment of fees, administrative fines, and other dues collectible under the Code, bolstering its enforcement capabilities. Furthermore, the SEC may hold corporations in direct and indirect contempt and issue subpoena duces tecum to summon witnesses.
30 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/.
