The Securities and Exchange Commission (SEC) released a memorandum that seeks to uphold the rights of stakeholders to inspect corporate records. This action was initiated afteCr numerous complaints against companies refusing stakeholder’s access to such records were filed to SEC.
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has issued further extended deadlines for the submission of Annual Reports (AR) in the Philippines. The circular likewise reiterates the guidelines on the filing process through various modes for the compliance of concerned corporations.
The Securities and Exchange Commission (SEC), in a notice dated August 11, 2020, has further adjusted the submission deadlines of Annual Reports, Annual Financial Statements (AFS), and General Information Sheet (GIS) due to reimplemented Modified Enhanced Community Quarantine (MECQ), which ended on August 18, 2020, covering the National Capital Region (NCR) and other areas of Luzon.