PRESIDENTIAL DECREE NO. 555, September 16, 1974
AMENDING PRESIDENTIAL DECREE NO. 379 ENTITLED “REQUIRING THE SUBMISSION OF ASSETS, LIABILITIES AND NET WORTH.”
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:
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.
|
(Sgd.)
|
FERDINAND E. MARCOS | ||||||
| President of the Philippines | |||||||
|
|
By the President: | ||||||
|
(Sgd.)
|
ALEJANDRO MELCHOR | ||||||
| Executive Secretary | |||||||