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Romulo, Mabanta, Buenaventura Sayoc and De Los Angeles (RMBSA) vs Home Development Mutual Fund (HDMF)

ROMULO, MABANTA, BUENAVENTURA, SAYOC & DE LOS ANGELES, petitioner, vs. HOME DEVELOPMENT MUTUAL FUND, respondent.

G.R. No. 131082 | 2000-06-19

FIRST DIVISION
D E C I S I O N

DAVIDE, JR., C.J.:

Once again, this Court is confronted with the issue of the validity of the Amendments to the Rules and Regulations Implementing Republic Act No. 7742, which require the existence of a plan providing for both provident/retirement and housing benefits for exemption from the Pag~IBIG Fund coverage under Presidential Decree No. 1752, as amended.

Pursuant to Section 191 of P.D. No. 1752, as amended by R.A. No. 7742, petitioner Romulo, Mabanta, Buenaventura, Sayoc and De Los Angeles (hereafter PETITIONER), a law firm, was exempted for the period 1 January to 31 December 1995 from the Pag-IBIG Fund...