August 20, 2020
SEC MEMORANDUM CIRCULAR NO. 25-20
| TO | : | All Concerned |
| SUBJECT | : | Guidelines in the Filing, Investigation and Resolution of Complaints for Violation of the Right to Inspect and/or Reproduce Corporate Records |
WHEREAS, Section 73 of Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines ("RCC"), provides that corporate records, regardless of the form in which they are stored, shall be open to inspection by any director, trustee, stockholder or member of the corporation in person or by a representative at reasonable hours on business days, and a demand in writing may be made by such director, trustee or stockholder at their expense, for copies of such records or excerpts from said records.
WHEREAS, the same Section also states that any officer or agent of the corporation who shall refuse to allow the inspection and/or reproduction of records in accordance with the RCC shall be liable to such director, trustee, stockholder or member for damages, and in addition, shall be guilty of an offense which shall be punishable under...
