LSaF

Question

A corporation, a holder of a certificate of registration issued by the Securities and Exchange Commission, is owned and controlled by the Republic of the Philippines. The CSC, in a memorandum-order, directs the corporation to comply with the Civil Service Rules in the appointment of all its officers and employees. The memorandum-order of the CSC is assailed by the corporation, as well as by its officers and employees, before the court. How should the case be resolved? (2003 BAR)

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