BL 2 Q8 BSA

1. The court that has jurisdiction to issue a restraining order, preliminary injunction, or preliminary mandatory injunction in any case, dispute, or controversy that directly or indirectly interferes with the exercise of the powers, duties and responsibilities of the Commission that falls exclusively within its jurisdiction.

• Metropolitan Trial Court

• Court of Appeals

• Regional Trial Court

• Municipal Trial Court

2. A document where disputes between the corporation, its stockholders or members, which arise from the implementation of the articles of incorporation or bylaws, or from intra-corporate relations are referred to.

• Arbitration agreement

• Shares' agreement

• Directors' agreement

• Stockholders agreement

3. The following are the powers of the Securities and Exchange Commission, except:

• Exercise supervision and jurisdiction over all corporations and persons acting on their behalf.

• Hold corporations in direct and indirect contempt.

• Issue safety certificates.

• Issue opinions to clarify the application of laws, rules and regulations

4. These powers shall include the examination and inspection of records, regulation and supervision of activities, enforcement of compliance, and imposition of sanctions.

• Enforcement powers

• Visitorial powers

• Examination powers

• Revocation powers

5. All results of any examination made by the Commission or by any other official authorized by law to make an examination of the operations, books, and records of any corporation shall be bounded by this rule.

• Confidentiality rule

• Disclosure rule

• Transparency rule

• Availability rule

6. The SEC has the authority to impose _______ for the violation of the Revised Corporation Code, its implementing rules and orders of the Commission.

• Sanctions

• Revocations

• Transformations

• Certifications

7. The two reportorial requirements submitted by the corporations to the SEC annually.

• Audited Financial Statement and By-laws.

• Audited Financial Statement and BIR Returns

• Audited Financial Statement and General Information Sheet

• General Information Sheet and Constitution and By-laws

8. The Commission may place the corporation under this status in case of failure to submit the reportorial requirements three (3) times, consecutively or intermittently, within a period of five (5) years.

• Delinquent

• Irregular

• Failed

• Registered

9. A corporation formed, organized or existing under laws other than those of the Philippines' and whose laws allow Filipino citizens and corporations to do business in its own country or State.

• Domestic

• Foreign

• Public

• Private

10. Subject to existing laws and regulations, a foreign corporation licensed to transact business in the Philippines may be allowed to withdraw from the Philippines by filing this document.

• Petition for revocation

• Petition for incorporation

• Petition for dissolution

• Petition for withdrawal