SEC extends deadlines for annual reports anew
CITY OF SAN FERNANDO---The Securities and Exchange Commission (SEC) has extended further the deadlines for the submission of Annual Financial Statements (AFS) and the General Information Sheet ( GI S) .
In a notice issued on August 11, the Commission announced that corporations, regardless of their SEC registration or license numbers, will have until September 30 to submit the printed or hard copies of their AFS for the periods ending November 30, 2019 and December 31, 2019 to the SEC Main Office and Extension Offices.
Corporations, whose fiscal years ended between January 31, 2020 and June 30, 2020, shall have 30 more days to file the printed or hard copies of their AFS, as follows: (see image)
However, publicly listed companies, other issuers of registered securities and public companies shall continue complying with SEC Memorandum Circular No. 5, Series of 2020 and SEC Memorandum Circular No. 17, Series of 2020 in relation to their filing of annual reports.
Meanwhile, corporations, which held their annual stockholders’meetings during the Enhanced Community Quarantine and Modified Enhanced Community Quarantine will have until September 30 to submit the printed or hard copies of their GIS to the SEC Main Office and Extension Offices.
All corporations may submit their reports through courier services addressed to 2/ F Legislative Bldg., Ligtasan St., Tarlac City. Also, corporations may opt to submit the scanned copies of their duly signed and, if applicable, notarized reports through email at reports_teo@sec.gov.ph.
The documents shall be considered received on the date reflected in the Acknowledgment Receipt that the Commission shall send through email. However, the printed reports shall still be submitted through courier on or before the deadlines pr ovi ded.
SEC-Tarlac Extension Office, however, will continue implementing alternative work arrangements, in accordance with the guidelines issued by the Civil Service Commission, to minimize disruption in the delivery of services to the public.
Accordingly, the public may continue transacting business online. The pertinent guidelines and interim hotline numbers are available on the SEC website at https:/ / www.sec.gov.ph/ investors-education-and-information/ covid-19-related-issuances/ . (PR)