Amending P.D. No. 379 Re: Requirement for Submission of Assets, Liabilities and Net Worth
Presidential Decree No. 555, issued on September 16, 1974, amends Section 9 of Presidential Decree No. 379 regarding the submission of assets, liabilities, and net worth. The amendment establishes penalties for individuals and juridical entities who fail to file the required statements or who provide false information. Offenders may face fines of up to Five Thousand Pesos and imprisonment for up to two years. If a juridical person commits the offense, the manager or responsible person will be held accountable under the same penalties.
Law Information
- Reference Number
- Presidential Decree No. 555
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 16, 1974
PRESIDENTIAL DECREE NO. 555
AMENDING PRESIDENTIAL DECREE NO. 379 ENTITLED "REQUIRING THE SUBMISSION OF ASSETS, LIABILITIES AND NET WORTH"
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby amend Section 9 of Presidential Decree No. 379 dated January 21, 1974, to read as follows: cd
"SEC. 9. Penalties for failure to File Statement or Rendering False or Fraudulent Statement. — Any person required to file the statement under this decree who knowingly makes a false declaration or who deliberately fails to comply with any of the provisions hereof shall, upon conviction, pay a fine of not more than Five Thousand Pesos and imprisonment of not more than two years.
"If the offense is committed by a juridical person, the Manager or person in charge of the management of the business or affairs thereof shall be responsible therefor and, upon conviction, shall pay a fine of not more than Five Thousand Pesos and imprisonment of not more than two years." cd
DONE in the City of Manila, this 16th day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Four. acd
Cite This Law
Amending P.D. No. 379 Re: Requirement for Submission of Assets, Liabilities and Net Worth, Presidential Decree No. 555, Sep 16, 1974 (Philippines)
Amending P.D. No. 379 Re: Requirement for Submission of Assets, Liabilities and Net Worth, Presidential Decree No. 555 (Phil. 1974)
Related Laws
- Requiring the Submission of Statement of Assets, Liabilities and Net WorthPresidential Decree No. 379 • Jan 21, 1974 • Presidential Issuances
- Submission by Public Officers of Statement of Assets, Liabilities and Net WorthLetter of Instructions No. 262 • Mar 31, 1975 • Presidential Issuances
- Extending the Period of Filing of Statement of Assets, Liabilities and Net WorthPresidential Decree No. 563 • Sep 30, 1974 • Presidential Issuances
- Amendments to P.D. No. 379Presidential Decree No. 417 • Mar 19, 1974 • Presidential Issuances
- Full implementation of P.D. No. 379 As AmendedLetter of Instructions No. 186 • May 14, 1974 • Presidential Issuances
- Submission of Statement of Assets, Liabilities and Net WorthOCA Circular No. 48-2019 • Apr 1, 2019 • Supreme Court Issuances
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