Atty. Wilma M. Valdemoro-Cua

April 14, 1982 Atty. Wilma M. Valdemoro-Cua 21F Corinthian Plaza 121 Paseo de Roxas Ave., Makati, Metro Manila Dear Atty. Cua: This has reference to your letter dated March 3, 1982 requesting approval of the application of NS Electric Philippines, Inc. for change of corporate name to "National Semiconductor Philippines, Inc." on the account of the prohibition of contained in SEC Guidelines in the Approval of Corporate and Partnership Names dated September 7, 1977 relative to the use of the word "National" as part of the firm name or style of corporations and partnerships, inter alia. You stated in your letter that the particular law prohibiting the use of the word "national" was not specified in said guidelines; that the only law alluded to therein is Act No. 2612 which prescribes that "all persons or corporations doing the business of bankers, brokers or saving institutions, are prohibited from using the word "national" as portion of the name or title of such bank, corporation, firm or partnership . . . ;" and that, therefore, your corporations does not come within the purview of said law considering that it is neither a bank, savings institution or broker. We concur with your observation on the absence of an expressed statutory prohibition for firms engaged in commercial or business purposes other than banks, savings institutions or brokers. However, as matter of policy we do not allow the use of the word "national" as part of the firm name or style of corporations and partnerships because of its connotation that it is a government agency or government-owned or controlled corporation. Please be advised accordingly. LexLib Very truly yours, (SGD.) ROSARIO N. LOPEZ Associate Commissioner