Practice question
Does registration under Philippine law alone prove compliance with every Filipino-ownership restriction?
- Yes, every domestic corporation is automatically wholly Filipino-owned.
- Yes, an SEC certificate replaces all equity requirements.
- Yes, nationality restrictions concern only foreign-incorporated entities.
- Yes, ownership never matters after incorporation.
- No; applicable ownership and control requirements must still be examined.
Legal references
- Narra Nickel v. Redmont, GR195580, April21 2014, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/56925
- Roy III v. Herbosa, GR207246, November22 2016, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/62643
- RA7042, Section3(a), as amended, Philippine national: https://lawphil.net/statutes/repacts/ra1991/ra_7042_1991.html
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