Philippines – The Securities and Exchange Commission on September 2016 issued a Memorandum Circular (MC) 16 series of 2016 requiring all corporations registered under the Commission to use a revised General Information Sheet (GIS) starting January 2017.

The respective revised GIS for 2017 for each type of corporation (Domestic corporation [stock/non-stock], Foreign Corporation, Branch Offices, Representative Offices, etc.) can be downloaded directly from the Securities and Exchange Commission website.

Under the SEC Memorandum Circular 16 series of 2016, the Commission En Banc approved the following revisions in the GIS and Notification Update Form (NUF):

  1. In the GIS, the Tax Identification Numbers (TIN) of the Board of Directors/Trustees, Officers and Stockholders of Domestic Corporations and Resident Agent and Officers in the Philippines of foreign corporations shall be indicated in a separate sheet designated as the TIN page;
  2. In the NUF for foreign corporations, the TIN of Officers shall be accomplished in a separate sheet designated as the TIN page;
  3. The residential addresses of the Directors/Trustees, officers and stockholders on pages 3 and 4 of the GIS for stock and non-stock corporations and Resident Agent and officers in the NUF for foreign corporations shall likewise be indicated in the TIN page; and
  4. The Corporate Secretary’s Certificate of the GIS for Stock and Non-Stock corporations shall be stated in accordance with the prescribed format under the SEC MC 16 series of 2016.

To download the Revised GIS for 2017 also known as the “GIS v.2016”, please follow this link http://www.sec.gov.ph/reportorial-requirements/corporations-with-primary-licenses-2/

Author

  • Greg V. Aquino is a Certified Public Accountant engaged in Public Practice since the year 2010. He is the managing partner of Clemente Aquino & Co., CPAs since the year 2013. Sector experience includes food & franchise company; real estate; distributorship; gasoline dealership; PEZA companies; BPOs; and non-profit organizations. He can handle individual tax planning; corporate tax planning; estate planning; transfers of real and personal properties; setup of a corporation, partnership, one-person corporation, and sole proprietorships; local government taxation; corporate housekeeping; resident agent services; corporate secretariat; fs preparation or compilation; fs reconstruction; fs audit; internal audit; and others.

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