Lyman Manzanares

Executive Management, and Other Special Committees in the Revised Corporation Code

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If the bylaws so provide, the board may create an executive committee composed of at least three (3) directors. Said committee may act, by majority of vote of all its members, on such specific matters within the competence of the board, as may be delegated to it in the bylaws or by majority vote of […]

Preliminary investigation, Rules of Crim. Procedure

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Preliminary investigation is an inquiry or proceeding to determine whether there is sufficient ground to engender a well-founded belief that a crime has been committed and the respondent is probably guilty thereof, and should be held for trial. Except as provided in section 7 of this Rule, a preliminary investigation is required to be conducted […]

Strikes and lockouts in GBL

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The banking industry is hereby declared as indispensable to the national interest and, notwithstanding the provisions of any law to the contrary, any strike or lockout involving banks, if unsettled after seven (7) calendar days shall be reported by the Bangko Sentral to the secretary of Labor who may assume jurisdiction over the dispute or […]

Subsidiaries under FRIA

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Subsidiary shall refer to a corporation more than fifty percent (50%) of the voting stock of which is owned or controlled directly or indirectly through one or more intermediaries by another corporation, which thereby becomes its parent corporation. Section 4(oo)Rep. Act No. 10142August 16, 2010

Corporate name under Revised Corporation Code

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No corporate name shall be allowed by the Commission if it is not distinguishable from that already reserved or registered for the use if another corporation, or if such name is already protected by law, rules and regulations. A name is not distinguishable even if it contains one or more of the following: (a) The […]