SEC Opinions

Commission En Banc

Opinion No. 10-01

RE   : Sale of Derivatives between Affiliates

 

 

Market Regulation Department

Opinion No. 1

RE   : Delivery versus Payment (DVP)

 

 

Office of the General Counsel

 

Opinion No. 11-49

RE   : Sale of Securities; Investment Contract

 

Opinion No. 11-48

RE   : Re-election of the Members of the Board of Directors

 

Opinion No. 11-47

RE   : Foreign donation to domestic foundation.

 

Opinion No. 11-46

RE   : Authority to engage in Mining Activities

 

Opinion No. 11-45

RE   : Rights of Stockholder

 

Opinion No. 11-44

RE   : Nationality Restrictions; Control Test and Grandfather Rule; Composition of the Boards

 

Opinion No. 11-43

RE   : Criminal liability of Directors

 

Opinion No. 11-42

RE   : Determination of Nationality of a Corporation

 

Opinion No. 11-41

RE   : Availability of Pre-emptive Rights; Ownership Restriction in the PSE

 

Opinion No. 11-40

RE   : Licensing of foreign corporation; Doing business; Purchase of condominium units

 

Opinion No. 11-39

RE   : Trade name, Corporate name

 

Opinion No. 11-38

RE   : Revoked corporation

 

Opinion No. 11-37

RE   : Foreign equity/foreign president in mining corporation

 

Opinion No. 11-36

RE   : Condominium Corporation

 

Opinion No. 11-35

RE   : Membership in Condominium Corporation; Merger

 

Opinion No. 11-34

RE   : Retail trade; Incidental to primary purpose

 

Opinion No. 11-33

RE   : Primary purpose; secondary purpose

 

Opinion No. 11-32

RE   : Operating Lease; R.A. No. 8556

 

Opinion No. 11-31

RE   : Queries on Quorum, Special Election, & Financial Assistance

 

Opinion No. 11-30

RE   : Dissolution & Liquidation

 

Opinion No. 11-29

RE   : Rights of stockholder; Inspection of corporate records

 

Opinion No. 11-28

RE   : Registration of increase of authorized capital stock by a "non-Philippine national" corporation

 

Opinion No. 11-27

RE   : Restriction of Ownership by Foreigners of Equity in Domestic Market Enterprises

 

Opinion No. 11-26

RE   : Section 42 of the Corporation Code; Control Test and Grandfather Rule; Disclosures

 

Opinion No. 11-25

RE   : Foreign Ownership Restriction

 

Opinion No. 11-24

RE   : Assignment of real property as consideration for stock subscription.

 

Opinion No. 11-23

RE   : Quorum

 

Opinion No. 11-22

RE   : Condominium corporation

 

Opinion No. 11-21

RE   : Definition of securities; Investment contract

 

Opinion No. 11-20

RE   : Exemption from the filing of GIS

 

Opinion No. 11-19

RE   : Procedure for Election of Directors

 

Opinion No. 11-18

RE   : Corporate Investments

 

Opinion No. 11-17

RE   : Limitation on Ownership of Shares of Stock

 

Opinion No. 11-16

RE   : Stock and Transfer Book; Executive Committee

 

Opinion No. 11-15

RE   : Applicability of Foreign Ownership Restriction; Holding Companies

 

Opinion No. 11-14

RE   : Definition of Gross Income' under Sec. 126 of the Corporation Code

 

Opinion No. 11-13

RE   : Corporate Term; Corporate Name

 

Opinion No. 11-12

RE   : Non-Stock Corporations; Purposes/Business Activities.

 

Opinion No. 11-11

RE   : Income-generating activities of Non-stock Corporations

 

Opinion No. 11-10

RE   : Titles of corporate officers; Board meetings through the internet; Requirement of member signature in membership book.

 

Opinion No. 11-09

RE   : Sale of stock in excess of authorized capital stock

 

Opinion No. 11-08

RE   : Mass Media; Nationalized Activities; Alien Director

 

Opinion No. 11-07

RE   : Requirement of Capital Subscription for Non-stock Corporations

 

Opinion No. 11-06

RE   : Licensing of foreign corporation; Doing business

 

Opinion No. 11-05

RE   : Assignment of Rights Over Condotel Units

 

Opinion No. 11-04

RE   : Corporate term; Corporations existing prior to Corporation Code; Religious corporations

 

Opinion No. 11-03

RE   : Decrease of authorized capital stock; Foreign Investment Act

 

Opinion No. 11-02

RE   : Proxy ballots; Required vote to confirm acts of the board.

 

Opinion No. 11-01

RE   : Public Access to Reports filed with the SEC; Registration Number

 

Opinion No. 10-35

RE   : Customs Brokerage service

 

Opinion No. 10-34

RE   : Creation of Additional Paid in Capital

 

Opinion No. 10-33

RE   : Securities; Exemption From Section 8 of the Securities Regulation Code

 

Opinion No. 10-32

RE   : Use of Registered Business or Trade Name in Business Documents

 

Opinion No. 10-31

RE   : Foreign Ownership in a local mining corporation

 

Opinion No. 10-30

RE   : Foreign Ownership; Limitation on International Freight Forwarders

 

Opinion No. 10-29

RE   : Transacting with a corporation whose charter has been revoked.

 

Opinion No. 10-28

RE   : Loan Collateral Build-Up in a Lending Company; Deposit Substitute.

 

Opinion No. 10-27

RE   : Notice of Meetings, Delinquent Stockholders.

 

Opinion No. 10-26

RE   : Lending Company

 

Opinion No. 10-25

RE   : Directors with Dual Citizenship; Qualifications of Directors and Corporate Officers

 

Opinion No. 10-24

RE   : Acquisition of Own Share of Stock

 

Opinion No. 10-23

RE   : Ownership Structure of a Land-Owning Corporation

 

Opinion No. 10-22

RE   : Setting up of Servers in the Philippines by a Foreign Corporation

 

Opinion No. 10-21

RE   : Interest in Co-ownership as Consideration for Shares of Stock

 

Opinion No. 10-20

RE   : Acquisition of Land by a Corporation; Dividend Distribution Mechanism; Directors' Fees

 

Opinion No. 10-19

RE   : Scope of Globe Telecom, Inc.'s authorized retail activity

 

Opinion No. 10-18

RE   : Capital Restructuring

 

Opinion No. 10-17

RE   : Qualification of a Corporate Secretary; Revised Code of Corporate Governance

 

Opinion No. 10-16

RE   : Service of Summons through the Commission

 

Opinion No. 10-15

RE   : Delinquent Stocks, Delinquency Sale, Effect of Delinquency

 

Opinion No. 10-14

RE   : Acquisition of Own Shares of Stock

 

Opinion No. 10-13

RE   : Doing Business; Jewelry Auction not a retail trade business.

 

Opinion No. 10-12

RE   : Non-stock corporation; Voting by mail

 

Opinion No. 10-10

RE   : Liquidation

 

Opinion No. 10-09

RE   : Foreigners as Corporate Directors

 

Opinion No. 10-08

RE   : Foreign Equity in Ship Management and Ship Manning Corporations

 

Opinion No. 10-07

RE   : Effect of Revocation of License to Transact Business in the Philippines

 

Opinion No. 10-06

RE   : Liquidation

 

Opinion No. 10-05

RE   : Business Processing and Collection Center as a Financing Company

 

Opinion No. 10-04

RE   : Investment of corporate funds in corporate notes.

 

Opinion No. 10-03

RE   : Assignment of Leasehold Rights

 

Opinion No. 10-02

RE   : Close holding corporation; Founder's shares

 

Opinion No. 10-01

RE   : Allowed activities for a foreign bank's representative office in the Philippines.

 

Opinion No. 09-01-A

RE   : Citizenship Requirement to participate in Private Recruitment.

 

Opinion No. 09-33

RE   : Activities that a foreign-owned corporation may engage.

 

Opinion No. 09-32

RE   : Increase of Foreign Equity in a Domestic Corporation engaged in online casino.

 

Opinion No. 09-31

RE   : Corporate Liquidation

 

Opinion No. 09-30

RE   : Exemption of 100% foreign owned holding company from minimum paid-up capital requirement.

 

Opinion No. 09-29

RE   : Powers of a Corporation

 

Opinion No. 09-28

RE   : Lending Company Regulation; Foreign equity threshold

 

Opinion No. 09-27

RE   : Proxy : Non-eligibility for Election to the Board

 

Opinion No. 09-26

RE   : Increase of Capital Stock and Consideration for Stock

 

Opinion No. 09-25

RE   : Special Purpose Vehicle Act: Consideration for True Sale

 

Opinion No. 09-24

RE   : Mass revocation orders; Powers of a Revoked Corporation

 

Opinion No. 09-23

RE   : Foreign Equity Participation in Construction Business

 

Opinion No. 09-22

RE   : Retail trade; R.A. No. 8762

 

Opinion No. 09-21-A

RE   : Redemption of Preferred Shares; Treasury Shares

 

Opinion No. 09-21

RE   : Redemption of Preferred Shares; Treasury shares

 

Opinion No. 09-20

RE   : Corporate Powers : Ultra Vires Acts

 

Opinion No. 09-19

RE   : Rights of a corporation under liquidation

 

Opinion No. 09-18

RE   : Foreign Corporation : Doing Business

 

Opinion No. 09-17

RE   : Application of Anti-Dummy Law to a Condominium Corporation

 

Opinion No. 09-16

RE   : Secondary License

 

Opinion No. 09-15

RE   : Nationality Requirement on Rice and/or Corn Industry

 

Opinion No. 09-14

RE   : Freight Forwarding and Anti-Dummy Law

 

Opinion No. 09-13

RE   : Effective Date of Merger

 

Opinion No. 09-12

RE   : Concept of "doing business"

 

Opinion No. 09-11

RE   : Power of a Corporation to Purchase Its Own Shares

 

Opinion No. 09-10

RE   : Reclassification of Shares; Required Equity under the Finance Company Act

 

Opinion No. 09-09

RE   : Control Test : Alien Acquisition of Land

 

Opinion No. 09-08

RE   : Ownership, Control, Administration and Student Population of Educational Corporations

 

Opinion No. 09-07

RE   : Foreign Corporation : Doing Business

 

Opinion No. 09-06

RE   : Eligibility and Removal of Directors/Trustees

 

Opinion No. 09-05

RE   : Regular meeting of board of directors.

 

Opinion No. 09-04

RE   : Registration of Securities. Macam Larcia Ulep & Borge Law Offices.

 

Opinion No. 09-03

RE   : Anti-Dummy Law: Foreign Manager/Director

 

Opinion No. 09-02

RE   : Sebastian Liganor & Galinato

 

Opinion No. 08-27

RE   : Foreign equity in Condominium Corporation

 

Opinion No. 08-11

RE   : Power of the Board to Enter in Suretyship Agreement and to Issue Corporate Guarantee.

 

Opinion No. 07-18

RE   : Request for SEC Opinion on Compliance with the Ownership Requirement for a Public Utility

Mr. Rafael Bueno Jr.

 

Opinion No. 07-19

RE   : Request for SEC Opinion on Compliance with the Ownership Requirement for a Public Utility

Atty. Peter D. A. Barot

 

Opinion No. 07-20

RE   : Request for SEC Opinion on the Ownership Requirement for the grantees of public utility franchise

Atty. Amado M. Santiago Jr.

 

Opinion No. 07-21

RE   : Request for SEC Opinion on the Ownership Requirement for the grantees of public utility franchise

Atty. Andre Navato Jr.