QuestionsQuestions (SEC CIRCULAR NO. 2, S. 1990)
It cited the powers vested in the Commission under P.D. No. 902-A (as amended), R.A. No. 1143, and B.P. No. 68.
It amended SEC Circular No. 3, series of 1983 on the SEC Revised Fees and Charges by removing the examining and filing fee ceilings for the enumerated documents.
They took effect immediately after publication in two newspapers of general circulation.
It is 1/10 of 1% of the authorized capital stock, but not less than P200.
It is 1/10 of 1% of the authorized capital stock, but not less than P200; each share is taken to be of par value of P100.00 for fixing the fees.
The examining and filing fee is 1/10 of 1% of the authorized capital stock, but not less than P200 (for both par value and without par value cases, as stated).
It is 1/10 of 1% of the increase in capital stock, but not less than P200 (for both par value and without par value corporations, as stated).
It is 1/10 of 1% of the equity of the absorbed corporations used as the basis of the merger or consolidation, but not less than P1,000.
It is 1% of the actual inward remittance of the branch office converted into Philippine Currency, but not less than P500.
It is 1/10 of 1% of the amount actually remitted to the Philippine Currency, but not less than P500.
It is 1/10 of 1% of the increase in price, but not less than P1,000.
It is 1/10 of 1% of the partnership’s capital, but not less than P200.
It is 1/10 of 1% of the increase in capital, but not less than P200.
It is 1/10 of 1% of the aggregate value of shares to be listed, but in no case less than P500.
It is 1/10 of 1% of the additional shares to be listed, but in no case less than P300.
It means there is no longer an upper limit on the examining and filing fees for those specific SEC filings; fees are computed based on the stated percentage formula and applicable minimum amounts.