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Investment Planning Corp., Et Al. vs. Social Security System

INVESTMENT PLANNING CORPORATION OF THE PHILIPPINES, petitioner-appellant, vs. SOCIAL SECURITY SYSTEM, respondent-appellee.

G.R. No. L-19124 | 1967-11-18

D E C I S I O N 


MAKALINTAL, J.: 

Petitioner is a domestic corporation engaged in business management and the sale of securities. It has two classes of agents who sell its investment plans: (1) salaried employees who keep definite hours and work under the control and supervision of the company; and (2) registered representatives who work on commission basis. 

On August 27, 1960 petitioner, through counsel, applied to respondent Social Security Commission for exemption of its so-called registered representatives from the compulsory coverage of the Social Security Act. The application was denied in a letter signed by the...