Quiz 010 - Quiz 010 Statement 1 SEC will issue a license after complying with the documentary requirements Statement 2 Within 60 days from the

Quiz 010 - Quiz 010 Statement 1 SEC will issue a...

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Quiz 010 Statement 1. SEC will issue a license after complying with the documentary requirements Statement 2. Within 60 days from the issuance of the license, foreign corporation shall deposit bonds at least one hundred thousand dollars Statement 1 is true: Statement 2 is falseWhich of the following is/are requirements in acquiring license to do business in the Philippines? Select one:a. Certificate that the laws of their incorporation allows Filipino citizens and corporation to business in their country and that the corporation is in good standingb. Application, under oath, filed in SEC including Articles of Incorporation and by-laws:c. Certification that the corporation is solvent and in sound financial condition: andd. All of the answers correct Under the Foreign Investment act of 1991, doing business covers Soliciting ordersUnder the Foreign Investment act of 1991, doing business covers the following, except

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