[See Revised Corporation Code Directory; Title I; Title II; Title III; Title IV; Title V; Title VI; Title VII; Title VIII; Title IX; Title X; Title XI; Title XII; Title XIII; Title XIV; Title XV; Title XVI; Title XVII]
Continue readingCategory Archives: Corporate & Investments
Title III (Board of Directors/Trustees and Officers): Revised Corporation Code of the Philippines (Republic Act No. 11232)
[See Revised Corporation Code Directory; Title I; Title II; Title III; Title IV; Title V; Title VI; Title VII; Title VIII; Title IX; Title X; Title XI; Title XII; Title XIII; Title XIV; Title XV; Title XVI; Title XVII]
Continue readingTitle II (Incorporation and Organization of Private Corporations): Revised Corporation Code of the Philippines (Republic Act No. 11232)
[See Revised Corporation Code Directory; Title I; Title II; Title III; Title IV; Title V; Title VI; Title VII; Title VIII; Title IX; Title X; Title XI; Title XII; Title XIII; Title XIV; Title XV; Title XVI; Title XVII]
Continue readingTitle I (General Provisions, Definitions and Classifications): Revised Corporation Code of the Philippines (Republic Act No. 11232)
[See Revised Corporation Code Directory; Title I; Title II; Title III; Title IV; Title V; Title VI; Title VII; Title VIII; Title IX; Title X; Title XI; Title XII; Title XIII; Title XIV; Title XV; Title XVI; Title XVII]
Continue readingRevised Corporation Code of the Philippines: Full Text, Table of Discussions
REPUBLIC ACT NO. 11232
AN ACT PROVIDING FOR THE REVISED CORPORATION CODE OF THE PHILIPPINES
Continue readingGuidelines for Virtual Currency (VC) Exchanges (BSP Circular No. 944; full text)
Bangko Sentral ng Pilipinas
OFFICE OF THE GOVERNOR
CIRCULAR NO. 944
Series of 2017
Subject: Guidelines for Virtual Currency (VC) Exchanges
Continue readingPrimer on the Price Act (Republic Act No. 7581, as amended by R.A. 10623)
The Price Act (Republic Act No. 7581, as amended by R.A. 10623) fleshes out the policy of the Philippines to ensure the availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate business a fair return on investment, as well as the policy to provide effective and sufficient protection to consumers against hoarding, profiteering and cartels with respect to the supply, distribution, marketing and pricing of said goods, especially during periods of calamity, emergency, widespread illegal price manipulation and other similar situations.
Continue readingHow to Start/Register a Cooperative in the Philippines
As a juridical entity, a cooperative is similar to a corporation. However, while corporations are registered and supervised by the Securities and Exchange Commission (SEC), cooperatives are registered and supervised by the Cooperative Development Authority (CDA). This is pursuant to the Philippine Cooperative Code of 2008 (Republic Act No. 9520). [See also Introduction to cooperatives]
Continue readingBooks and Records Rule for Broker Dealer under the Securities Regulation Code
The Securities Regulation Code and its IRR require that every Broker Dealer shall make, keep current and maintain in its principal office the following books and records relating to its business:
Continue readingRecords Retention Rule for Broker Dealer under the Securities Regulation Code
The Securities Regulation Code requires that every Broker Dealer shall preserve for a period of not less than 5 years, the first 2 years in an easily accessible place, all books and records, including, but not limited to the following:
Continue reading