Amnesty on penalties for late report submission

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SEC MEMORANDUM CIRCULAR NO. 2: Amnesty on penalties for late report submission

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Title Source: Supreme Court: Amnesty on penalties for late report submission

Law: Sec Memorandum Circular No. 2

Decision Date: Sep 14, 1998

The Securities and Exchange Commission grants amnesty on penalties for non-compliance with reportorial requirements for corporations, allowing them to reduce fines and submit overdue documents within specified periods to alleviate the impact of economic difficulties.

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