10 months Know the new Revised Corporation Code Manilatimes |Biz
EUNEY MARIE MATA-PEREZFinally, the Revised Corporation Code or Republic Act No. 112321 (RCC) was signed into law by the President on February 20, 2019 and published in the Official Gazette on Feb. 21, 2019. It will thus become effective on March 8, 2019. The RCC is a very important piece of legislation affecting all corporations. It amended certain registration requirements, provided provisions on good governance, gave more protection clauses for minority stockholders, and most of all, defined more punishable offenses on corporations, directors and officers. The law emanated from a bill which was proposed by our regulators, and thus, was ... more