A foreign corporation which transacts business in the Philippines without the necessary license from the SEC cannot sue in Philippine courts.Group of answer choicesTrueFalse

This is the governing body that oversees the conduct of corporations in the Philippines.a.Department of Corporationsb.Philippine Stock Exchangec.Corporation Commissiond.Securities and Exchange CommissionClear my choice

he following are contents of the articles of incorporation, except:Group of answer choicesThe name of the corporationThe time, place and manner of calling and conducting regular or special meetings of the directors or trusteesThe place where the principal office of the corporation is to be located, which must be within the PhilippinesThe term for which the corporation is to exist, if the corporation has not elected perpetual existence

different courts in the philippines and its jurisdiction

What happens if a company registered under this Act contravenes the requirements or conducts its affairs fraudulently? A. The Central Government may revoke the licence and direct the company to convert its status and change its name B. The company may be wound up or amalgamated with another company C. The company may be punishable with a fine or imprisonmenta.Only A & Bb.Only B &Cc.Only Cd.All A, B , C

In the event a motion picture or program, after examination and review by the MTRCB, is declared unfit for exhibition in the Philippines, the said motion picture or television program shall be returned by the importer or distributor thereof to the of origin or to any other place outside of the Philippines within a period of days, which shall be counted from the date of receipt by the importer or distributor of the decision of the MTRCB banning the motion picture or program for exhibition in the Philippines, and all customs duties and internal revenue taxes paid by the importer or distributor on account of the importation to and entry into the Philippines of the said motion picture or television program shall be automatically by the government office concerned to the said importer or distributor. A copy of the decision of the BOARD banning a motion picture or television program for exhibition in the Philippines shall be furnished to the Commissioner of Internal Revenue and to the Collector of Customs of the port of entry of the said motion picture or television program, and the same shall constitute a sufficient authority to the Commissioner of Internal Revenue and the Collector of Customs concerned to the internal revenue taxes and customs duties paid by the importer or distributor on account of the importation of the banned motion picture or television program.