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Month: August 2020

Corporate, Tax and other Legal Digest

August 24, 2020

Dear CLIENTS, COLLEAGUES and FRIENDS: For your reference and file, we are pleased to send our regular corporate, tax and other legal digest. In this Article: SECURITIES AND EXCHANGE COMMISSION (“SEC”) CORPORATIONS SHALL HAVE PERPETUAL EXISTENCE UNLESS ARTICLES OF INCORPORATION PROVIDES OTHERWISE; REQUIREMENTS ON SEC SUBMISSION. BUREAU OF INTERNAL REVENUE

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PUBLIC COMPANIES AND REGISTERED ISSUERS ARE REQUIRED TO SUBMIT A NEW MANUAL ON CORPORATE GOVERNANCE UNTIL 30 SEPTEMBER 2020.

August 14, 2020

Public  companies  (PCs)  and  registered  issuers  (RIs)  are  mandated  to  submit  a  new  Manual  on Corporate  Governance  (MCG) within  six  (6) months  from  the  effectivity  date  thereof,  or  until 12  July 2020, but extended up to 30 September 2020. Signatories  of  the  MCG  shall be the company’s Chairman  of the 

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BIR DEADLINES from AUGUST 10 to AUGUST 16, 2020

August 7, 2020

A gentle reminder on the following deadlines, as may be applicable:   DATE FILING/SUBMISSION   August 10, 2020 · Filing and payment/remittance of 1601C, 0619-E and 0619-F – Non E-FPS filers for the month of July 2019 ·  E-submission of E-Sales Report of all taxpayers using CRM/POS with TIN ending in odd

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CORPORATIONS SHALL HAVE PERPETUAL EXISTENCE UNLESS ARTICLES OF INCORPORATION PROVIDES OTHERWISE; REQUIREMENTS ON SEC SUBMISSION.

August 4, 2020

The SEC prescribes guidelines on corporate term. It provides that a corporation shall have perpetual existence unless its articles of incorporation provides otherwise. A corporation with certificate of incorporation issued prior to the effectivity of the Revised Corporation Code the Philippines (RRC), and which continue to exist shall have perpetual existence,

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