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PRESIDENTIAL DECREE NO. 555
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PRESIDENTIAL DECREE NO. 555 -
AMENDING PRESIDENTIAL DECREE NO. 379 ENTITLED "REQUIRING THE SUBMISSION
OF ASSETS, LIABILITIES AND NET WORTH"
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chanroblesvirtualawlibrary
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:cralaw:red
"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."
DONE in the City of Manila,
this 16th day of September, in the year of Our Lord, nineteen hundred
and seventy-four.
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