Short answer. Yes. Article 1847 of the Civil Code directly covers this situation: if you knew a statement in the certificate was false at the time you signed it, and someone later suffered a loss by relying on that statement, they can hold you personally liable for that loss.
What the law says
one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false
Civil Code, Article 1847 — Liability for a False Certificate. Read the full provision →
The rule you signed yourself into
Article 1847 of the Civil Code is explicit: "If the certificate contains a false statement, one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false." The law treats signing a false certificate with knowledge as a basis for personal liability — regardless of whether you are otherwise a limited partner with capped liability. Your limited status does not protect you from claims that arise from your own deliberate misrepresentation in the public document.
Knowledge at the time of signing
The first trigger under Article 1847 is knowledge at the moment of signing. If you reviewed the certificate, understood that a particular statement was inaccurate, and signed it anyway, you are personally exposed to any loss a third party suffers because they trusted that statement. The claimant must show that they actually relied on the false statement and that the reliance caused their loss. If those elements are present, your knowledge at signing is enough — they do not need to show you intended them harm.
What 'reliance' means in practice
A third party relies on a certificate statement when they make a decision — extending credit, entering a contract, accepting a partnership deal — on the basis of what the certificate represents. If the certificate falsely stated that a partner contributed ₱2 million when the real figure was ₱200,000, and a lender extended credit based on that capitalization, that lender relied on the false statement. The loss flows from a false picture of the partnership's strength that you helped create and did not correct.
What you can do now
If the false statement is still in an uncorrected certificate, the most urgent step is to file for amendment or cancellation of the certificate. Correcting the record does not erase liability for losses already incurred, but it stops the window from growing wider. For losses already suffered by a third party who relied on the false statement, the legal exposure under Article 1847 is already fixed. Whether and how that exposure translates into a claim against you — and what defenses may be available — depends on the specific facts and is a matter for legal counsel to assess.