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.
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.
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.
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IPAs in the Philippines: How to avail tax incentives as a foreign investor
Investment Promotion Agencies (IPAs) are government agencies that create awareness of the current investment opportunities in the country to attract investors, this article explains their importance and benefits for businesses operating in the Philippines.
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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SEC to enlist additional firms using crowdfunding portals
The Securities and Exchange Commission (SEC) will venture into working with crowdfunding portals over the next two years, adding 888 firms and franchises that are targeted to be enlisted.
Read moreSEC gives guidelines on filing or submitting Mandatory Disclosure Forms (MDF) to all Non-Stock Corporations
The Securities and Exchange Commission (SEC) releases guidelines for non-stock corporations on how to effectively file and submit a Mandatory Disclosure Form (MDF).
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SEC to update schedules for Filing of Annual Financial Statements and General Information Sheet
Securities and Exchange Commission promotes their use of their new Electronic Filing and Submission Tool (eFAST) to help reduce the spread of Covid-19 in the general public in their Memorandum Circular No.2 of series 2022.
Read moreSecurities and Exchange Commission issues new MC 28 online system
The Securities and Exchange Commission (SEC) will soon launch the MC 28 submission portal, a new online service created for the submission of requirements mandated by SEC Memorandum Circular no. 28 series 2020.
Mandatory submission to the online portal is slated for implementation on January 17, 2022.
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