SEC Memorandum Circular No. 1 Series of 2016 just recently issued by the Commission to inform all concerned Corporations with regards to 2016 Filing of Annual Financial Statements and General Information Sheet.
The Commission, pursuant to its authority under the Corporation Code and Securities Regulation Code, adopt the following measures in the filing of annual reports:
I. AUDITED FINANCIAL STATEMENTS OF COMPANIES WHOSE FISCAL YEAR ENDS ON DECEMBER 31, 2015:
1. All corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, shall file their AFS depending on the last numerical digit of their SEC registration or license number in accordance with the following schedule:
April 18, 19, 20, 21, 22: 1 and 2
April 25, 26, 27, 28, 29: 3 and 4
May 2, 3, 4, 5, 6: 5 and 6
May 10, 11, 12, 13: 7 and 8
May 16, 17, 18, 19, 20: 9 and 0
All SEC Satellite Offices and Extension Offices in Cebu, Iloilo, Baguio and Davao shall be governed also by the above coding schedule in 2016. However, any corporations may file on or before its respective filing dates.
Please refer http://www.sec.gov.ph/laws/memorandumcircular/CY%202016/memo_circular_no.1.pdf of the full text of the Memorandum Circular.
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