Law Summary
Certification Requirements on Diskettes
- A certification executed under oath is required for data contained in the diskettes:
- The Corporate Secretary must certify that the GIS diskette contains data exactly as stated in the hard copies.
- The Treasurer must certify that the Audited Financial Statements diskette contains the basic and material data as reflected in the hard copy F/S.
Filing Requirements for Corporations Below the P10 Million Threshold
- Corporations with gross sales or revenue less than P10,000,000 have the option:
- To file the GIS and Audited Financial Statements together with diskettes as described for larger corporations.
- Alternatively, they may file six (6) hard copies of the documents without diskettes.
Formalities and Attachments
- The circular provides forms for the respective filings:
- Annex "A": GIS form for stock corporations.
- Annex "B": GIS form for non-stock corporations.
- Annex "C": Audited Financial Statements form.
- These forms are available at the Office of the National Administrative Register, University of the Philippines Law Complex.
Revocation and Effectivity
- All pre-existing circulars, orders, memoranda, and other issuances that are inconsistent with this circular are hereby revoked or modified accordingly.
- The memorandum circular takes effect immediately upon issuance.
Authority and Enactment
- The circular was adopted on 12 March 2001.
- It was signed by Lilia R. Bautista, Chairperson of the SEC Memorandum Circular.