FOREIGN CORPORATIONS ARE REQUIRED TO DISCLOSE BENEFICIAL OWNERS IN THE GENERAL INFORMATION SHEET; RESIDENT AGENT, COUNTRY OR REGIONAL/AREA HEAD OF THE FOREIGN CORPORATION SHALL EXERCISE DUE DILIGENCE IN OBTAINING, KEEPING, REPORTING AND UPDATING INFORMATION ON BENEFICIAL OWNERSHIP; SEC SHALL IMPOSE PENALTY FOR FAILURE TO COMPLY.
November 27, 2020
The SEC revises the General Information Sheet (GIS) of foreign corporations to include beneficial ownership information. All SEC registered foreign corporations are required to disclose their beneficial owners in the GIS. The resident agent, country or regional/area head of the foreign corporation shall exercise the due diligence required in obtaining,