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Section 164. Obtaining Corporate Registration Through Fraud; Penalties - Revised Corporation Code

Section 164. Obtaining Corporate Registration Through Fraud; Penalties of Revised Corporation Code. Section 164. Obtaining Corporate Registration Through Fraud; Penalties. - Those responsible for the formation of a corporation through fraud, or

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Revised Corporation Code

Section 164. Obtaining Corporate Registration Through Fraud; Penalties. - Those responsible for the formation of a corporation through fraud, or who assisted directly or indirectly therein, shall be punished with a fine ranging from Two hundred thousand pesos (₱200,000.00) to Two million pesos (₱2,000,000.00). When the violation of this provision is injurious or detrimental to the public, the penalty is a fine ranging from Four hundred thousand pesos (₱400,000.00) to Five million pesos, (₱5,000,000.00).

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