JK&C LIBRARYSEC Memorandum Circular No. 3, s. 2006
Overview
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 Articles of Incorporation or Articles of Partnership. The address should include, if feasible, the street number, street name, barangay, and city or municipality.
The Circular also requires the specific residence address of each incorporator, stockholder, director, trustee, or partner to be stated in the appropriate registration documents.
“Metro Manila” is no longer allowed to be used alone as the principal office address.
In addition, corporations are required to state in their General Information Sheet the specific residence address of each stockholder, officer, director, or trustee.
The SEC later identified MC No. 3, Series of 2006 as a repealed memorandum circular because its provisions were consolidated into SEC Memorandum Circular No. 6, Series of 2016, the Omnibus Guidelines on Principal Office Address and the Address of Each Incorporator, Director, Trustee, or Partner.
Full Text
Overview
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 Articles of Incorporation or Articles of Partnership. The address should include, if feasible, the street number, street name, barangay, and city or municipality. The Circular also requires the specific residence address of each incorporator, stockholder, director, trustee, or partner to be stated in the appropriate registration documents. “Metro Manila” is no longer allowed to be used alone as the principal office address. In addition, corporations are required to state in their General Information Sheet the specific residence address of each stockholder, officer, director, or trustee. The SEC later identified MC No. 3, Series of 2006 as a repealed memorandum circular because its provisions were consolidated into SEC Memorandum Circular No. 6, Series of 2016, the Omnibus Guidelines on Principal Office Address and the Address of Each Incorporator, Director, Trustee, or Partner.
Short Title / Subject
Principal Office Address; Address of Each Incorporator, Director, Trustee, or Partner
Full Text
REPUBLIC OF THE PHILIPPINES
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA, Greenhills, Mandaluyong City, Metro Manila
SEC MEMORANDUM CIRCULAR NO. 3
Series of 2006
TO : ALL CONCERNED
SUBJECT: PRINCIPAL OFFICE ADDRESS; ADDRESS OF EACH INCORPORATOR, DIRECTOR, TRUSTEE, OR PARTNER
In line with the “full disclosure” requirement of existing laws, all corporations and partnerships applying for registration with the Securities and Exchange Commission should state in their Articles of Incorporation or Articles of Partnership the (i) specific address of their principal office, which shall include, if feasible, the street number, street name, barangay, city or municipality; and (ii) specific residence address of each incorporator, stockholder, director, trustee, or partner.
“Metro Manila” shall no longer be allowed as address of the principal office.
Additionally, all corporations are required to state in their General Information Sheet the specific residence address of each stockholder, officer, director, or trustee.
Filings that do not comply with the foregoing requirements shall be considered as non-compliant with existing rules and regulations.
This Circular shall take effect after publication in a newspaper of general circulation.
Mandaluyong City, Philippines.
16 February 2006.
FE B. BARIN
Chairperson
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Source
Official Source: Securities and Exchange Commission
Official URL: https://www.sec.gov.ph/wp-content/uploads/2019/11/2006MCno03.pdf
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 3, s. 2006, SEC Memorandum Circular No. 3, s. 2006, 2006-02-16
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Source
Securities and Exchange Commission Official source
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 3, s. 2006, SEC Memorandum Circular No. 3, s. 2006, 2006-02-16