Republic Acts1 min read
Section 18Sec./Art. 18
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Revocation of Registration. - If the Commission finds out that the REIT was established so as to seek the benefits of this Act without a true, intention to carry out its provisions and/or the IRR, the Commission shall revoke or cancel the registration of the securities of the REIT. The REIT shal1 pay the applicable taxes plus interests and23 surcharges under the National Internal Revenue Code of 1997, as amended.
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