One Person Corporations Now Allowed Under The Revised Corporation Code
The Revised Corporation Code (“RCC”) now allows the formation of a corporation by a sole stockholder. While the old Corporation Code (Batas Pambansa Blg. 68) requires at least five (5) natural persons to form a corporation, the RCC has permitted the formation of a One Person Corporation (“OPC”) which, as the name implies, may be
Read MoreSEC Issues Guidelines on the Implementation of the ASEAN Capital Markets Forum Pass
Pursuant to the Memorandum of Understanding dated 12 October 2018 between the regulators of the Philippines, Thailand, Malaysia and Singapore, on 26 February 2019, the Securities and Exchange Commission (“SEC”) issued SEC Memorandum Circular No. 5, series of 2019 (“MC No. 5”) setting forth the guidelines on the implementation of the Association of Southeast Asian
Read More