Republic Acts1 min read
Section 165Sec./Art. 165
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Fraudulent Conduct of Business; Penalties. - A corporation that conduct its business through fraud shall be punished with a fine ranging from Two hundred thousand pesos (₱200,000.00) to Two million pesos (₱2,000,000.00). When the violation of this provision is injurious or detrimental to the public, the penalty is a fine ranging from Four hundred thousand pesos (₱400,000.00) to Five million pesos (₱5,000,000.00).
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