Corrections & Updates Policy

CorporateCode.ph corrects material errors promptly and transparently, and updates guides when statutes, SEC rules, memorandum circulars, agency procedures or Supreme Court doctrine change.

Readers, practitioners, agencies and subject-matter experts may report possible inaccuracies for review. We explain rules that companies act on, sometimes against a filing deadline, so an error here has consequences.

What Counts as a Material Correction

A material correction is a change that could affect how a reasonable reader understands the law, a required approval, a filing, a deadline or the recommended next step.

• An incorrect legal requirement, vote threshold, capital requirement, filing deadline, penalty or agency jurisdiction
• A wrong section number of the Revised Corporation Code, or a misstated case holding
• A superseded SEC memorandum circular, form, fee or Foreign Investment Negative List presented as current
• An outdated SEC, BIR or LGU registration or filing procedure
• An error in a tool, calendar or checklist, or an assumption in it that no longer holds
• A pending bill described as enacted law

Minor Edits

Spelling, grammar, formatting, broken links and clearer wording are repaired without a formal correction note, and do not reset a guide’s materially reviewed date.

Materially Reviewed Dates

For subjects that can change, a guide may display a Last materially reviewed date. It indicates when the legal or procedural substance was checked, not simply when WordPress recorded a small edit. Our review cycle is described in the Content Review Policy.

When We Update Content

• a statute is enacted, amended or repealed;
• a Supreme Court ruling materially changes or clarifies an issue;
• an SEC rule, memorandum circular or implementing rule changes;
• a new Foreign Investment Negative List is issued;
• an SEC, BIR or LGU form, fee, filing schedule or online portal changes;
• a pending bill advances, is substituted, enacted, vetoed or archived; or
• new authoritative information shows an earlier explanation was incomplete.

An article may have been accurate when published but later become outdated because of legislation, regulation, agency practice or jurisprudence. These are treated as substantive updates rather than necessarily as editorial errors.

How a Correction Is Handled

1. The report is checked against the primary source: the statute text, the SEC rule or memorandum circular, the issuing agency’s own statement, or the decision itself. A secondary commentary is not enough on its own to change a guide.
2. If the report is right, the guide is corrected.
3. Material corrections are noted in the guide and the materially reviewed date is revised.
4. Minor fixes are made without a note.
5. We reply to the person who reported it, including when we conclude that no change is needed and why.

No Silent Alteration of Meaning

CorporateCode.ph does not knowingly alter a material legal conclusion without reviewing the underlying sources. When a correction changes the practical meaning of an article, the revised version makes that change reasonably clear rather than quietly replacing the earlier text.

How We Handle Conflicting Official Guidance

When official sources conflict, we aim to identify the inconsistency rather than hide it. We may explain both positions, identify which source appears newer or more authoritative, and decline to state a definitive conclusion where the available official material does not support one.

Archived and Superseded Information

Older material can remain useful for historical context, particularly where a corporate act is governed by the rule in force when it was done, such as the former Corporation Code (Batas Pambansa Blg. 68). Where we keep such material, we identify that it has been superseded and point to the current authority, rather than presenting historical guidance as current.

What We Do Not Change on Request

• Accurate statements of law, because a corporation, director, shareholder, investor or adviser dislikes what they say
• Content, in exchange for payment, links or any other consideration
• Anything that would turn general legal information into advice about a particular case

Where a question turns out to be a genuine difference of legal opinion rather than an error, the guide may be revised to set out both positions and the authority for each, rather than adopting one silently.

How to Report an Error

Use our Contact page. A correction request should identify the page, the disputed statement and a reliable supporting source. A report backed by the primary text is acted on fastest. Submission does not guarantee a change, but every specific and well-supported report receives a good-faith review.

For how we research and verify guides in the first place, see our Editorial Policy and Research Method and Source and Citation Policy.