What is the penalty for a corporation that engages in fraudulent conduct of business?
A corporation that conducts its business through fraud shall be punished with a fine ranging from Two hundred thousand pesos (P200,000.00) to Two million pesos (P2,000,000.00) (SEC. 165, Revised Corporation Code of the Philippines). If the fraudulent business conduct is found to be injurious or detrimental to the public, the penalty is increased. In cases involving public harm, the fine ranges from Four hundred thousand pesos (P400,000.00) to Five million pesos (P5,000,000.00). This penalty applies directly to the corporation as an entity, independent of any liability imposed on its responsible directors or officers.
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/.
