Showing posts with label SEC. 26: Report of election of directors. Show all posts
Showing posts with label SEC. 26: Report of election of directors. Show all posts

Saturday, September 12, 2015

Report Of Election Of Directors, Trustees And Officers

When is the submission of the names, nationalities and residences of the directors, trustees and officers elected to the Securities and Exchange Commission?
 
The reference is stated in SEC. 26 of Batas Pambansa Blg, 68 "The Corporation Code of the Philippines" with details as follows:
 
SEC. 26: Report of election of directors, trustees and officers. - Within thirty (30) days after the election of the directors, trustees and officers of the corporation, the secretary, or any other officer of the corporation, shall submit to the Securities and Exchange Commission, the names, nationalities and residences of the directors, trustees and officers elected. Should a director, trustee or officer die, resign or in any manner cease to hold office, his heirs in case of his death, the secretary, or any other officer of the corporation, or the director, trustee or officer himself, shall immediately report such fact to the Securities and Exchange Commission.