SEC resumes registration of firms

The Securities and Exchange Commission (SEC) has reopened the registration for corporations with less than five incorporators, including one person corporations (OPCs).

In a notice dated April 8, the Commission announced it has set up an interim online registration system to facilitate applications for the registration of OPCs and corporations with two to four incorporators while the enhanced community quarantine remains in force in Luzon and other parts of the country.

The online registration system allows applicants or their duly authorized representatives to input their proposed corporate names together with their trade names, if any, and other data necessary to complete their corporate profiles.

As part of the basic requirements, applicants have to provide valid and existing email addresses where the status of their applications shall be sent. (James A. Loyola)