Question & AnswerQ&A (SEC CIRCULAR NO. 4, SERIES OF 2008)
It covers the finality of the mass revocation orders of corporations registered from 1936 to 2000 that were revoked en masse due to non-filing of reports such as the General Information Sheet and Financial Statements.
Corporations registered between 1936 and 2000 that failed to file necessary reports were covered under the mass revocation orders.
Corporations were required to file the General Information Sheet and the Financial Statements.
Corporations revoked on May 26, 2003, must file petitions by May 26, 2009; July 2, 2003 by July 2, 2009; August 11, 2003 by August 11, 2009; September 29, 2003 by September 29, 2009; November 3, 2003 by November 3, 2009; March 15, 2004 by March 15, 2010; December 1, 2005 by December 1, 2011; and August 2, 2006 by August 2, 2012.
The revocation order shall become final and executory, meaning the corporation remains revoked and can no longer operate legally under that registration.
They were revoked also for non-commencement of the charter within two years from the date of incorporation and failure to operate continuously for at least five years.
Verification can be done at the Law and Regulation Division of the Company Registration and Monitoring Department, 3rd Floor, SEC Building, EDSA-Greenhills, Mandaluyong City.
The Philippine Daily Inquirer and the Philippine Star were used to publish the revocation orders.
The orders specify the years for which reports were not filed, for example, 1997-2002 or 2000-2004, which are the periods of reports that the corporation failed to submit, triggering revocation.