Corporate Secretarial Alerts
Corporate Secretarial Alerts
Being aware of the laws, regulations, and memorandum circulars for Corporate Secretarial services in the Philippines can help employers avoid incurring penalties by remaining legally compliant. We've compiled the most relevant and applicable issuances to help employers on this task.
Extensions to SEC’s Amnesty Application deadline and application process guidelines
14 August 2023
The Securities Exchange Commission (SEC) extended the deadline for their Amnesty Application and streamlined application guidelines.
SEC announces deadline extension for 2023 filing of Annual Financial Statements
09 March 2023
The Securities Exchange Commission (SEC) extends the deadline for the 2023 filing of Annual Financial Statements.
SEC adds new penalties for non-disclosure of beneficial ownership and other policies
20 January 2023
The Securities Exchange Commission(SEC) discusses new guidelines for beneficial ownership and non-disclosure deadlines.
Rules on incorporators under the revised Corporation Code
23 December 2022
Mazars' Corporate Services Principal, Joanne Ranada, shares new rules for incorporators and other significant updates to the Corporation Code.
E-commerce restrictions and requirements in the Philippines
15 November 2022
Mazars shares a guide on the basic requirements for conducting e-commerce in the Philippines.
Corporate Term under the Revised Corporation Code
Mazars shares a blog explaining the overarching effects of the Revised Corporation Code, along with the Corporate Term, one of the code's most significant revisions
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SEC shares Guidelines and Procedures for the Disqualifications of Directors, Trustees, and Corporate Officers
28 July 2022
The Securities and Exchange Commission emphasizes the stringent guidelines and procedures that handle the disqualification of directors, trustees, and corporate officers to promote excellent corporate governance in the county.
Foreign ownership limitations updated in the 12th Regular Foreign Investment Negative List
14 July 2022
The government issues Executive Order (EO) 175 S. 2022, containing the updated foreign ownership limitation rules explaining which key investment areas and activities are available to foreign investors.
Business reforms in 2022: Foreign investors given 100% ownership of public services and updates to CREATE and RTLA acts
Foreign investment was updated during the Philippine Senate final reading of Senate Bill (SB) 2094, amending the Public Service Act, allowing one hundred (100) percent foreign ownership of public services.
Read moreSEC revises Financial Reporting Bulletins for 2022: Amendments and Deletions implemented
The Securities and Exchange Commission (SEC) held a meeting deciding that specific Financial Reporting Bulletins (FRBs) needed to be updated because of the changes in the rules regarding financial reporting.
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