Question & AnswerQ&A (SEC CIRCULAR NO. 5, SERIES OF 2006)
The purpose of SEC Circular No. 5, Series of 2006, is to mandate that stock corporations submit their General Information Sheets (GIS) using the official GIS_STOCK (v.2005) form starting April 1, 2006, in order to ensure uniformity and compliance with regulations.
Stock corporations must use the GIS_STOCK (v.2005) form, which is the official General Information Sheet form prescribed by the SEC.
The official GIS form can be downloaded from the SEC website (sec.gov.ph) or obtained from any of the Commission's offices.
Filings that deviate from the official GIS form format shall be considered non-compliant with existing rules and regulations and will not be accepted by the Commission.
It was adopted on 23 March 2006.
The circular applies to all stock corporations required to submit their General Information Sheets to the Securities and Exchange Commission.
The General Information Sheet provides important corporate information about stock corporations to the SEC, ensuring transparency and compliance with regulatory requirements.
No, starting April 1, 2006, only the official GIS_STOCK (v.2005) form will be accepted; no alternative forms are allowed.
Any General Information Sheet filing that does not use the official GIS_STOCK (v.2005) form or deviates from its prescribed format is considered non-compliant.