Dividend declaration should be in compliance with Section 43,143 and 62(item no. 5) of the Corporation Code of the Phils. , SEC Memo Circular No. 11 series of 2008 and Sec Resolution No. 450 series of 2005. Source: Securities And Exchange Commission (SEC)
Partners, Lawyers & Staff of SAPALO VELEZ BUNDANG & BULILAN LAW OFFICES during the firm’s 38th ANNIVERSARY held at the Makati Sports Club, Makati City, on August 1, 2014. SVBB celebrates 38th year anniversary The Philippines is considered a major supplier of maritime labor globally. Per POEA data for the year 2013, there were…
Foreign nationals or investor companies thinking of opening a business in the Philippines are well advised to know whether the planned business activity would constitute “doing business” in the Philippines as defined under Philippine law. Under the Foreign Investments Act (FIA) of 1991 the term “doing business” includes: soliciting orders, service contracts, opening offices, whether…