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SEC Memorandum Circular No. 17, Series of 2004, dated November 4, 2004, addresses the recording of Deeds of Assignment of Shares of Stock with the Securities and Exchange Commission. The circular states that recording a Deed of Assignment in the corporation’s Stock and Transfer Book makes the transfer valid as against the corporation and other…

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SEC Memorandum Circular No. 7, Series of 2010 concerned the SEC’s briefing on the online submission of the Corporate Governance Scorecard Registration Form. The issuance formed part of the SEC’s continuing implementation of its Corporate Governance Scorecard system. The SEC’s official records classify the circular under Corporate Governance and list it as an issuance dated…

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SEC Memorandum Circular No. 5, Series of 2010 amended the coverage of the Revised Code of Corporate Governance under SEC Memorandum Circular No. 6, Series of 2009 as it applied to financing companies. The SEC Commission resolved during its meeting on July 1, 2010 to include in the Revised Code’s coverage only financing companies that…

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SEC Memorandum Circular No. 18, Series of 2004, provides guidelines for implementing Section 6(c) of the Rules and Regulations implementing Republic Act No. 8556, otherwise known as the Financing Company Act of 1998. The circular establishes requirements governing the minimum capitalization of financing companies that have or intend to maintain branch offices. Under the circular,…

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SEC Memorandum Circular No. 19, Series of 2004, adopts Philippine Financial Reporting Standards (PFRS) approved by the Accounting Standards Council. The SEC approved the adoption through Resolution No. 662, Series of 2004. The standards include the final batch of Philippine Accounting Standards (PAS), revised International Accounting Standards (IASs), and Philippine Financial Reporting Standards (PFRSs) based…

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SEC Memorandum Circular No. 1, Series of 2005, dated January 21, 2005, adopts specified Philippine Standards on Auditing (PSAs) and Philippine Auditing Practice Statements (PAPS) approved by the Auditing Standards and Practices Council. The adoption was approved by the Commission through Resolution No. 11, Series of 2005, dated January 6, 2005. The circular provides that,…

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SEC Memorandum Circular No. 2, Series of 2005, dated February 17, 2005, provides corporations with an option to submit certain required reports electronically through the SEC Online Submission Facility. The circular was issued in compliance with Section 27 of Republic Act No. 8792, or the Electronic Commerce Act, and Section 37 of its Implementing Rules…

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SEC Memorandum Circular No. 3, Series of 2006, sets requirements concerning the specific principal office address and residential addresses that corporations and partnerships must provide when applying for registration with the Securities and Exchange Commission. The Circular requires corporations and partnerships applying for registration to state the specific address of their principal office in their…

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SEC Memorandum Circular No. 4, Series of 2006 concerns the adoption of Philippine Financial Reporting Standards (PFRS) and related standards and amendments approved by the Accounting Standards Council (ASC). The circular was adopted by the Securities and Exchange Commission on February 23, 2006. The SEC’s issuance database lists the circular under its Financial Reporting issuances.…

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SEC Memorandum Circular No. 5, Series of 2006 concerns the submission of the General Information Sheet (GIS) by corporations to the Securities and Exchange Commission. The GIS is an SEC corporate report containing information about a corporation, including its corporate officers, directors or trustees, principal office, capitalization, and other information required by the Commission. The…

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