Question & AnswerQ&A (SEC MEMORANDUM CIRCULAR NO. 12, S. OF 2008)
It amends Section 4 of SEC Memorandum Circular No. 5, S. of 2008 regarding the guidelines and procedures on the use of corporate and partnership names.
It was adopted on January 8, 2009.
The amendment allows a company to have more than one business or trade name, provided that the business or trade name which is different from the corporate or partnership name is indicated in the articles of incorporation or partnership.
It must be indicated in the articles of incorporation or partnership.
Yes, a company may have more than one business or trade name.
This amendment shall take effect immediately upon adoption.
Fe B. Barin is the Chairperson who signed the circular.
The articles of incorporation or partnership must state any business or trade name that is different from the registered corporate or partnership name, ensuring transparency and legal compliance.
SEC stands for Securities and Exchange Commission of the Philippines.
It ensures that all business or trade names used by a company are officially recorded and regulated to prevent confusion, misrepresentation, and protect consumer and stakeholder interests.