In order for the stockholders or members to prepare and participate more effectively in matters concerning the corporation, the SEC has issued Memorandum Circular No. 3, Series of 2020, requiring comp...
ONE-STOP SHOP REGISTRATION NOW AVAILABLE FOR ONE-PERSON CORP
Under the government’s National Business One-Stop Shop, known as NBOSS, an end-to-end registration for OPCs is now available at the Securities and Exchange Commission (SEC) Office in Pasay City. Thi...
MENTAL HEALTH POLICY IS NOW MANDATORY IN THE WORKPLACE
Pursuant to Republic Act No. 11036, otherwise known as the Mental Health Act, the Department of Labor and Employment has issued policy guidelines making it mandatory for establishments to formulate a ...
SEC ISSUES DRAFT RULES FOR CORPORATIONS CONVERTING INTO OPCS
The Securities and Exchange Commission (SEC) has issued on 17 February 2020 a draft memorandum circular on the guidelines for converting corporations to a one person corporation (OPC). This draft will...
ATTENDING MCLE CLASSES MADE EASIER
Under Bar Matter No. 850, the Philippine members of the Bar are obliged to attend the Mandatory Continuing Legal Education (MCLE) in order to keep them abreast with the law and maintain the ethics of ...
RULE ON PRECAUTIONARY HOLD DEPARTURE ORDER
Prior to the issuance of the Rule on Precautionary Hold Departure Order, there was no mechanism to bar persons suspected of committing crimes from flying out of the country to avoid prosecution, until...
ARE ALIENS ALLOWED TO WORK IN THE PHILIPPINES?
Foreign nationals who intend to engage in employment in the Philippines are required to secure permission from the Department of Labor and Employment (DOLE), subject to certain exemptions and exclusio...