An act providing for the revised corporation code of the philippines

SEC. 155. Administration of Oaths, Subpoena of Witnesses and Documents. – The 
Commission, through its designated officer, may administer oaths and affirmations, issue 
subpoena and subpoena duces tecum, take testimony in any inquiry or investigation, and may 
perform other acts necessary to the proceedings or to the investigation. 
SEC. 156. Cease and Desist Orders. – Whenever the Commission has reasonable basis to 
believe that a person has violated, or is about to violate this Code, a rule, regulation, or order of 
the Commission, it may direct such person to desist from committing the act constituting the 
violation.

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The Commission may issue a cease and desist order ex parte to enjoin an act or practice 
which is fraudulent or can be reasonably expected to cause significant, imminent, and irreparable 
danger or injury to public safety or welfare. The ex parte order shall be valid for a maximum 
period of twenty (20) days, without prejudice to the order being made permanent after due notice 
and hearing. 
Thereafter, the Commission may proceed administratively against such person in 
accordance with Section 158 of this Code, and/or transmit evidence to the Department of Justice 
for preliminary investigation or criminal prosecution and/or initiate criminal prosecution for any 
violation of this Code, rule, or regulation. 
SEC. 157. Contempt. – Any person who, without justifiable cause, fails or refuses to 
comply with any lawful order, decision, or subpoena issued by the Commission shall, after due 
notice and hearing, be held in contempt and fined in an amount not exceeding Thirty thousand 
pesos (P30,000.00). When the refusal amounts to clear and open defiance of the Commission’s 
order, decision, or subpoena, the Commission may impose a daily fine of One thousand pesos 
(P1,000.00) until the order, decision, or subpoena is complied with.