The SEC issues guidelines for the conversion of corporations either to One Person Corporation (OPC) or to Ordinary Stock Corporation (OSC) OSC may apply for its conversion into an OPC. If a single stockholder has acquired all the outstanding capital stock of an OSC with corresponding Certificate Authorizing Registration or
A gentle reminder on the following deadlines, as may be applicable: DATE FILING/SUBMISSION October 12, 2020 · E-Filing of 1601C – eFPS filers under Group D – Month of September 2020 October 13, 2020 · E-Filing of 1601C – eFPS filers under Group C – Month of September 2020 October 14,
Among other institutions, financing and lending companies and microfinance NGOs shall implement a one-time 60-day grace period to be granted for the payment of all existing, current and outstanding loans falling due or any part thereof, on or before December 31 2020. The grace period shall apply to each loan whether
Corporations whose fiscal years ended November 30, 2019 or December 31, 2019, regardless of their SEC registration or license numbers shall have until September 30, 2020 to submit the printed/hard copies of their AFS to the SEC Main Office and Extension Offices. Corporations whose fiscal years ended between January 31,
For your reference, a copy of the issuance may be accessed HERE. (Revenue Memorandum Circular No. 92-2020, September 1, 2020)
A gentle reminder on the following deadlines, as may be applicable: DATE FILING/SUBMISSION September 8, 2020 E-Submission of e-Sales Report of all Taxpayers using CRM/POS with TIN ending in even number – Month of August 2020 Submission of All Transcript Sheets used by Dealers of Automobiles/Manufacturers/Toll Manufacturers/Assemblers/Importers of Alcohol Products,
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
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
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,
A gentle reminder on the following deadlines, as may be applicable: DATE FILING/SUBMISSION August 1, 2020 · Submission of Engagement Letters and Renewals or Subsequent Agreements for Financial Audit by Independent CPAs – Fiscal Year beginning October 1, 2020 · Submission of Consolidated Return of All Transactions based on Reconciled
