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Securities and Exchange Commission

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PERSONS ON WHOSE BEHALF THE CORPORATION IS REGISTERED, NOMINATORS/PRINCIPALS OF THE NOMINEE INCORPORATORS/FIRST DIRECTORS/TRUSTEES AND SHAREHOLDERS APPLYING FOR REGISTRATION MUST BE DISCLOSED TO THE SEC.

February 6, 2021

DEADLINE FOR THE SUBMISSION OF FORMS/NOTICES WITHOUT PENALTY IN COMPLIANCE WITH THE REQUIREMENT TO CREATE AND/OR DESIGNATE EMAIL ACCOUNT ADDRESS AND CELLPHONE NUMBER HAS BEEN EXTENDED TO FEBRUARY 21, 2021

January 23, 2021

THE SEC ALLOWS FINANCING COMPANIES (FC), LENDING COMPANIES (LC), AND ACCREDITED MICROFINANCE NGOS (MF-NGO) A STAGGERED BOOKING OF PROVISION FOR CREDIT LOSSES FOR ANNUAL PERIOD ENDING ON OR AFTER DECEMBER 31, 2020 (TO CONSIDER THOSE WITH FISCAL YEAR-END) FOR A MAXIMUM PERIOD OF FIVE (5) YEARS USING STRAIGHT-LINE AMORTIZATION METHOD TO BE RECOGNIZED IN THE PROFIT OR LOSS.

January 3, 2021

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

SEC requires corporations, partnerships, associations, and individuals to create and/or designate e-mail account address and cellphone number beginning february 23, 2021; p10,000 penalty for failure to comply.

November 6, 2020

CONVERSION FROM ONE PERSON CORPORATION (OPC) TO ORDINARY STOCK CORPORATION (OSD) AND VICE VERSA; REQUIREMENTS

October 16, 2020

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