An act providing for the revised corporation code of the philippines

SEC. 164. Obtaining Corporate Registration Through Fraud; Penalties. – Those 
responsible for the formation of a corporation through fraud, or who assisted directly or indirectly 
therein, shall be punished with a fine ranging from Two hundred thousand pesos (P200,000.00) to 
Two million pesos (P2,000,000.00). When the violation of this provision is injurious or 
detrimental to the public, the penalty is a fine ranging from Four hundred thousand pesos 
(P400,000.00) to Five million pesos (P5,000,000.00). 
SEC. 165. Fraudulent Conduct of Business; Penalties. – A corporation that conducts its 
business through fraud shall be punished with a fine ranging from Two hundred thousand pesos 
(P200,000.00) to Two million pesos (P2,000,000.00). When the violation of this provision is 

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injurious or detrimental to the public, the penalty is a fine ranging from Four hundred thousand 
pesos (P400,000.00) to Five million pesos (P5,000,000.00). 
SEC. 166. Acting as Intermediaries for Graft and Corrupt Practices; Penalties. – A 
corporation used for fraud, or for committing or concealing graft and corrupt practices as defined 
under pertinent statutes, shall be liable for a fine ranging from One hundred thousand pesos 
(P100,000.00) to Five million pesos (P5,000,000.00).
When there is a finding that any of its directors, officers, employees, agents, or 
representatives are engaged in graft and corrupt practices, the corporation’s failure to install: (a) 
safeguards for the transparent and lawful delivery of services; and (b) policies, code of ethics, and 
procedures against graft and corruption shall be prima facie evidence of corporate liability under 
this section. 
SEC. 167. Engaging Intermediaries for Graft and Corrupt Practices; Penalties. – A 
corporation that appoints an intermediary who engages in graft and corrupt practices for the 
corporation’s benefit or interest shall be punished with a fine ranging from One hundred thousand 
pesos (P100,000.00) to One million pesos (P1,000,000.00).