Opinion No. 09-33
RE : Activities that a foreign-owned corporation may engage in

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-33
RE : Activities that a foreign-owned corporation may engage in

Opinion No. 09-32
RE : Increase in Foreign Equity in a Domestic Corporation engaged in online casino

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-32
RE : Increase in Foreign Equity in a Domestic Corporation engaged in online casino

Opinion No. 09-31
RE : Corporate Liquidation

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-29
RE : Powers of a Corporation

Opinion No. 09-28
RE : Lending Company Regulation; Foreign equity threshold

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-28
RE : Lending Company Regulation; Foreign equity threshold

Opinion No. 09-27
RE : Proxy: Non-eligibility for Election to the Board

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-24
RE : Mass revocation orders; Powers of a Revoked Corporation

Opinion No. 09-23
RE : Foreign Equity Participation in Construction Business

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-23
RE : Foreign Equity Participation in Construction Business

Opinion No. 09-22
RE : Retail trade; R.A. No. 8762

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-22
RE : Retail trade; R.A. No. 8762

Opinion No. 09-21
RE : Redemption of Preferred Shares; Treasury shares

SEC ISSUANCES Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-21
RE : Redemption of Preferred Shares; Treasury shares

Opinion No. 09-20
RE : Corporate Powers: Ultra Vires Acts

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-20
RE : Corporate Powers: Ultra Vires Acts

Opinion No. 09-19
RE : Rights of a corporation under liquidation

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-19
RE : Rights of a corporation under liquidation

Opinion No. 09-18
RE : Foreign Corporation: Doing Business

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-18
RE : Foreign Corporation: Doing Business

Opinion No. 09-17
RE : Application of Anti-Dummy Law to a Condominium Corporation

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-17
RE : Application of Anti-Dummy Law to a Condominium Corporation

Opinion No. 09-16
RE : Secondary License

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-16
RE : Secondary License

Opinion No. 09-15
RE : Nationality Requirement on Rice and/or Corn Industry

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-15
RE : Nationality Requirement on Rice and/or Corn Industry

Opinion No. 09-14
RE : Freight Forwarding and Anti-Dummy Law

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-14
RE : Freight Forwarding and Anti-Dummy Law

Opinion No. 09-13
RE : Effective Date of Merger

SEC ISSUANCES Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-13
RE : Effective Date of Merger

Opinion No. 09-12
RE : Concept of “doing business”

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-12
RE : Concept of “doing business”

Opinion No. 09-11
RE : Power of a Corporation to Purchase Its Own Shares

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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 Financing Company Act

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-10
RE : Reclassification of Shares; Required Equity under the Financing Company Act

Opinion No. 09-09
RE : Control Test: Alien Acquisition of Land

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : 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

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-08
RE : Ownership, Control, Administration and Student Population of Educational Corporations

Opinion No. 09-07
RE : Foreign Corporation : Doing Business

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-07
RE : Foreign Corporation : Doing Business

Opinion No. 09-06
RE : Eligibility and Removal of Directors/Trustees

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-06
RE : Eligibility and Removal of Directors/Trustees

Opinion No. 09-05
RE : Regular meeting of board of directors

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-05
RE : Regular meeting of board of directors

Opinion No. 09-04
RE : Registration of Securities

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-04
RE : Registration of Securities

Opinion No. 09-03
RE : Anti-Dummy Law: Foreign Manager/Director

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-03
RE : Anti-Dummy Law: Foreign Manager/Director

Opinion No. 09-02
RE : Composition of the Board of Directors Under the Anti-Dummy Law

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-02
RE : Composition of the Board of Directors Under the Anti-Dummy Law

Opinion No. 09-01-A
RE : Citizenship Requirement to participate in Private Recruitment

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-01-A
RE : Citizenship Requirement to participate in Private Recruitment

Opinion No. 09-01
RE : Allowable Investments of Trustee and Foreign Investments in Preferred Non-Voting Shares

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : Opinion No. 09-01
RE : Allowable Investments of Trustee and Foreign Investments in Preferred Non-Voting Shares

SEC-MRD Opinion No. 06
RE : Delivery versus Payment (DVP) – Standard Chartered Bank

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : SEC-MRD Opinion No. 06
RE : Delivery versus Payment (DVP) – Standard Chartered Bank

SEC-MRD Opinion No. 05
RE : Delivery versus Payment (DVP) – ING Bank NV

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : SEC-MRD Opinion No. 05
RE : Delivery versus Payment (DVP) – ING Bank NV

SEC-MRD Opinion No. 04
RE : Delivery versus Payment (DVP) – Metropolitan Bank & Trust Company

SEC Issuances Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Corporations with Revoked Secondary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Suspended Secondary Registration Order of Suspension of Accreditation Order of Dissolution Order of Rejection Lifting continue reading : SEC-MRD Opinion No. 04
RE : Delivery versus Payment (DVP) – Metropolitan Bank & Trust Company