Practice question
What minimum paid-up capital does DO174 define as substantial capital for a corporation?
- Five million pesos
- Five pesos
- Fifty thousand pesos
- One hundred pesos
- No paid-up capital can ever be considered
Legal references
- DOLE Department Order174-2017: https://www.ble.dole.gov.ph/wp-content/uploads/2023/02/DO-174-17-Rules-Implementing-Articles-106-to-109-of-the-Labor-Code-As-Amended1.pdf Sections6 and8, permissible contracting and prohibited practices.
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