Blog Posts on corporation code
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Batas Pambansa Blg. 68 “The Corporation Code of the Philippines” by Legal Philippines on Feb 20, 2012BATAS PAMBANSA BLG. 68 THE CORPORATION CODE OF THE PHILIPPINES TITLE I – GENERAL PROVISIONS DEFINITIONS AND CLASSIFICATIONS Section 1. Title of the Code. - This Code shall be known as “The Corporation Code of the Philippines.” (n)...
The relationship test and the nature of the controversy test in determining intra-corporate disputes by subiclawyer on Oct 29, 2011In the landmark case of STRADEC vs. SIDC, et. al. (GR No. 187872), the Supreme Court has modified and modernized the test in determining intra-corporate disputes by applying both the relationship test and the nature of the controversy test.The ruling...
Foreign corporations doing business without a license in the Philippines: penal sanctions by subiclawyer on Feb 24, 2011The Civil Code of the Philippines provides that, “Ignorance of the law excuses no one from compliance therewith.” (Art. 3) Thus, for foreigners about to do business, or who are already doing business without a license, in the country, consider th...
How to extend or shorten the life of a Corporation by Buziness 1 on Feb 23, 2011The Corporation Code of the Philippines under section 37 allows a corporation to “extend” as well as to “shorten” its term of existence. Dissolving a corporation prior to its expiration, say 50 years, or whatever the term fix...
Can one assign or transfer unpaid shares of stocks? by subiclawyer on Feb 18, 2011While the Corporation Code provides that, “No share of stock against which the corporation holds any unpaid claim shall be transferable on the books of the corporation,” a stockholder may, subject to the corporation’s by-laws, assign and/or tra...
Basic queries of foreigners desiring to do business in the Philippines by subiclawyer on Jan 11, 2011Our company is an LLC (limited liability company). It provides an umbrella under which individuals may operate and receive individual immunity similar to those enjoyed by shareholders in a corporation. It has the advantage that income flows thr...
