G.R. No. 206673 - 1st Philippine Holdings Corp. vs. Securities and Exchange Commission

1st Philippine Holdings Corp. vs. Securities and Exchange Commission

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Title Supreme Court: 1st Philippine Holdings Corp. vs. Securities and Exchange Commission

Case: G.R. No. 206673

Decision Date: Jul 28, 2020

A corporation challenged the SEC's P24M fee for extending its corporate term, arguing it was excessive. The Supreme Court ruled the fee unreasonable, invalidated the SEC's circular, and ordered a refund of the excess amount.

fee imposition

corporate term extension

exorbitant fee

Very Long 37 min

END