An act providing for the revised corporation code of the philippines

SEC. 158. Administrative Sanctions. – If, after due notice and hearing, the Commission 
finds that any provision of this Code, rules or regulations, or any of the Commission’s orders has 
been violated, the Commission may impose any or all of the following sanctions, taking into 
consideration the extent of participation, nature, effects, frequency and seriousness of the 
violation:
(a) Imposition of a fine ranging from Five thousand pesos (P5,000.00) to Two million 
pesos (P2,000,000.00), and not more than One thousand pesos (P1,000.00) for each day of 
continuing violation but in no case to exceed Two million pesos (P2,000,000.00); 
(b) Issuance of a permanent cease and desist order; 
(
C
) Suspension or revocation of the certificate of incorporation; and
(d) Dissolution of the corporation and forfeiture of its assets under the conditions in Title 
XIV of this Code. 
SEC. 159. Unauthorized Use of Corporate Name; Penalties. – The unauthorized use of a 
corporate name shall be punished with a fine ranging from Ten thousand pesos (P10,000.00) to 
Two hundred thousand pesos (P200,000.00). 
SEC. 160. Violation of Disqualification Provision; Penalties. – When, despite the 
knowledge of the existence of a ground for disqualification as provided in Section 26 of this Code, 
a director, trustee or officer willfully holds office, or willfully conceals such disqualification, such 
director, trustee or officer shall be punished with a fine ranging from Ten thousand pesos 
(P10,000.00) to Two hundred thousand pesos (P200,000.00) at the discretion of the court, and 
shall be permanently disqualified from being a director, trustee or officer of any corporation. When 

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the violation of this provision is injurious or detrimental to the public, the penalty shall be a fine 
ranging from Twenty thousand pesos (P20,000.00) to Four hundred thousand pesos 
(P400,000.00).