Security and Exchange Commission Archives - Page 2 of 2

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

Purpose: The e-mail address shall be where transactions, applications, letters, requests, papers and pleadings may be processed, submitted and/or filed online. The SEC may likewise send notices, letter-replies, orders, decisions, and/or other documents through said e-mail addresses, and the corporations, associations, partnerships and individuals are deemed to have received those

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

October 16, 2020

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

SEC IMPLEMENTS THE MANDATORY 60-DAY GRACE PERIOD FOR ALL LOANS WITH FINANCING COMPANIES, LENDING COMPANIES AND MICROFINANCE NGOS.

October 2, 2020

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

SEC EXTENDS THE DEADLINES AND PROVIDES FOR INTERIM PROCEDURES FOR THE SUBMISSION OF PRINTED/HARD COPIES OF ANNUAL REPORTS.

September 4, 2020

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,

Sec extends the deadlines for posting of additional securities deposit and substitution of securities deposit to align the same with the deadline of the audited financial statements

September 4, 2020

Posting of additional securities deposit for branch offices whose submission of AFS was extended pursuant to MC No. 17 and MC No. 18, all series of 2020 shall be extended until October 29, 2020. The extension for posting of additional securities deposit and substitution of securities deposit shall automatically be applied without the

Sec extends the deadlines and provides for interim procedures for the submission of printed hard copies of annual reports

September 4, 2020

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

SEC MOVES THE DEADLINE FOR THE SUBMISSION OF AUDITED FINANCIAL STATEMENTS AND GENERAL INFORMATION SHEET.

July 17, 2020

The SEC adjusts the procedures and deadlines for the submission of Annual Financial Statements and General Information Sheet Audited Financial Statements – Corporation shall strictly observe the following schedule, based on their SEC registration or license numbers: Filing Schedule Last Digit of SEC Registration/License Number July 1, 2, 3, 6,

BIR DEADLINES from JULY 1 to July 10

July 3, 2020

A gentle reminder on the following deadlines, as may be applicable: DATE FILING/SUBMISSION July 5, 2020 · Filing and Payment of Documentary Stamp Tax for the Month of June · Submission of Summary Report of Certification issued by the President of the National Home Mortgage Finance Corporation for the Month of

THE BIR REMINDS online sellerS TO Register business activities and settle taxes

June 24, 2020

The BIR prescribes all persons doing business and earning income, specifically those who are into digital transactions through the use of any electronic platforms and media, to ensure that their businesses are registered and that they are tax compliant. It provides: All those who will register their business activity and/or

Category: Security and Exchange Commission