Submission Compliance for General Information Sheets

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SEC CIRCULAR NO. 5, SERIES OF 2006: Submission Compliance for General Information Sheets

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Title Source: Supreme Court: Submission Compliance for General Information Sheets

Law: Sec Circular No. 5, Series Of 2006

Decision Date: Mar 23, 2006

Starting April 1, 2006, the Securities and Exchange Commission mandates that all stock corporations must submit General Information Sheets using the official GIS form, with non-compliant submissions deemed unacceptable.

Law Summary

Official GIS Form and Its Availability

The official GIS form referred to as GIS_STOCK (v.2005) is the only acceptable format for submission.
This official form can be downloaded from the SEC website (sec.gov.ph) or obtained from any SEC office.
The circular includes an attachment of the official GIS form for reference.

Compliance Requirements and Deadline

Beginning April 1, 2006, the SEC will only accept GIS submissions that conform strictly to the official GIS_STOCK (v.2005) form.
Any filing that deviates from this form will be considered non-compliant with existing rules and regulations.

Legal Effect and Enforcement

Submissions not conforming to the prescribed format will be rejected.
Non-compliance with the standardized form thus constitutes a violation of SEC rules on document submissions.

Administrative Details

The circular was adopted on March 23, 2006, and signed by the SEC Chairperson, Fe B. Barin.
The official text of the circular is available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.

END