What is the maximum deadline for withdrawing a request for voluntary dissolution (where no creditors are affected)?
A withdrawal of the request for dissolution must be made in writing, duly verified by an incorporator, director, trustee, shareholder, or member (SEC. 137, Revised Corporation Code of the Philippines). The withdrawal must be submitted no later than fifteen (15) days from receipt by the SEC of the request for dissolution. Upon receiving the withdrawal, the SEC shall withhold action on the original request and, after investigation, may either pronounce the request as withdrawn or direct a joint meeting of the board and stockholders to ascertain whether to proceed with the dissolution. This short window ensures that the process remains streamlined and prevents delayed cancellation of the application.
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/.
