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In the Philippines, a non-stock corporation may be formed or organized for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social, civic service, or similar purposes and must distribute no part of its income as dividends to its members, trustees, or officers, and any profit obtained as an incident to its operations shall, whenever necessary or ...
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [ 1 ] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
A mutual-benefit corporation can be non-profit or not-for-profit in the United States, but it cannot obtain IRS 501 (c) (3) non-profit status as a charitable organization. [1] It is distinct in U.S. law from public-benefit nonprofit corporations, and religious corporations. Mutual benefit corporations must still file tax returns and pay income ...
National President and Chairman. Atty. Antonio C. Pido. Website. www.ibp.ph. The Integrated Bar of the Philippines (Filipino: Pinagsamang mga Abogasya ng Pilipinas abbreviated as IBP) is the national organization of lawyers in the Philippines. It is the mandatory bar association for Filipino lawyers. IBP Building in Ortigas Center, Pasig.
Philippine Aerospace Development Corporation. Philippine Amusement and Gaming Corporation. Philippine Charity Sweepstakes Office. Philippine Children's Medical Center. Philippine Coconut Authority. Philippine Economic Zone Authority. Philippine Guarantee Corporation. Philippine Health Insurance Corporation. Philippine Heart Center.
Allowing foreign military troops in the Philippines if Congress requires. The Initiative and Referendum Act allows for referendums on these cases: [1] A petition of at least 10% of registered voters, with 3% within every legislative district for local initiatives. If there is only one legislative district in a province, city or municipality, it ...
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