2023citizen's Charter (2nd Edition) For Extension Offices

CITIZEN'S
CHARTER
FY 2023, SECOND EDITION
SEC EXTENSION OFFICES
Mandate Feedback &
Complaints
Table of Vision Mechanism
Contents Mission Contact Us
Core Values Citizen's Charter

Extension Offices
Mandate
The Securities and Exchange Commission (SEC) or the Commission is the national government
regulatory agency charged with supervision over the corporate sector, the capital market
participants, and the securities and investment instruments market, and the protection of the
investing public. Created on October 26, 1936 by Commonwealth Act (CA) 83 also known as The
Securities Act, the Commission was tasked to regulate the sale and registration of securities,
exchanges, brokers, dealers and salesmen. Subsequent laws were enacted to encourage
investments and more active public participation in the affairs of private corporations and
enterprises, and to broaden the Commission’s mandates. Recently enacted laws gave greater
focus on the Commission’s role to develop and regulate the corporate and capital market
toward good corporate governance, protection of investors, widest participation of ownership
and democratization of wealth.
SEC is the registrar and overseer of the Philippine corporate sector; it supervises more than
600,000 active corporations and evaluates the financial statements (FS) filed by all
corporations registered with it. SEC also develops and regulates the capital market, a crucial
component of the Philippine financial system and economy. As it carries out its mandate, SEC
contributes significantly to government revenues.
With the growing number of corporations and other forms of associations that SEC supervises
and monitors, and given the evolving nature of transactions where the corporate vehicle is
being used to defraud the investing public, as well as the ever dynamic character of the capital
market, SEC must progressively perform its critical role as the prudent registrar and supervisor
of the corporate sector and the independent guardian of the capital market.
Vision
By 2025, the SEC with its driven, highly-trained, agile
and customer-centric team of professionals, equipped
with digital technology and adaptive registration and
data management systems, is the premier investor
champion and catalyst of a deep, broad and informed
investor-based capital market and more empowered
business sector considered among the best in the
Southeast Asian (SEA) Region.
Mission
We are the gateway to doing business in
the Philippines. We provide a competitive
and secure environment for fast and easy
company registration, efficient capital
formation, broad investor participation
and business innovation.
Integrity
We are ethical, honest, fair, and sincere in our private and
public lives.
Professionalism
We are capable and competent in performing our mandate, we
excel in our fields of expertise, and we possess high ethical
principles and standards which are essential in providing
timely, quality, and committed public service.
Core Accountability
Values
We are responsible for our actions and decisions.
Teamwork
We collaborate to achieve our common goals and tasks in a
Services 03
seamless and efficient manner.
It is mostly presented before

Independence
an audience.
We act without fear or favor, and render sound judgment in the
performance of our duties and responsibilities.
For printed CSM Form:
1.Security
Feedback and
personnel
distributes CSM Complaints
Mechanism
form.
4.Security
personnel
2. Client fills up
submits the CSM
the CSM form.
form to the
concerned office.
3. Client returns
We value your feedback. Please let
the
accomplished
form to the
us know how we have served you
security
personnel. through our Client Satisfaction
Measure (CSM).
For online CSM Form:
1.Process owner
Feedback and
forwards the
CSM form link to
the client.
Complaints
4. Process
owners creates
monitoring
2. Client fills up
Mechanism
the online CSM
report of the
form.
status of
services. We value your feedback. Please let
3. Process owner
reviews the
completeness of us know how we have served you
the online CSM
Form.
through our Client Satisfaction
Measure (CSM).
1.CSM Focal
Persons collect
accomplished
2.CSM forms with
CSM forms
complaints are
daily.
forwarded to HRAD
Monitoring, CSM Focal Person
Consolidation 3.CSM Focal
for issuance of
and Analysis Persons consolidate
Corrective Action
of CSM the results to

Request (CAR).
determine the
overall satisfaction
rating.
1.CSM form rated "1"
(Very dissatisfied) or "2"
(Dissatisfied) and with
recurring negative
remarks or comments,
the CSM informs and
Issuance of sends a scanned copy of
Corrective the form to the HRAD

2.HRAD prepares
and issues CAR 3
Action CSM Focal Person
days after receiving
Request the complaints
(CAR) 3.For the SEC

from the CSM Focal
Persons. The HRAD
Extension Offices,
monitors the CARs.
the CSM Focal
Persons shall be
responsible for the
issuance of CAR.
Website : www.sec.gov.ph
Email : imessagemo@sec.gov.ph
Contact Us Address : The SEC Headquarters

7907 Makati Avenue, Salcedo Village,
Bel-Air, Makati City, 1209
Phone : 02-5322-7696
CITIZEN'S CHARTER 2023
(SECOND EDITION)
EXTENSION
OFFICES
SEC EXTENSION OFFICE - BAGUIO CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
3/F Newtown Square,

Navy Base Road, Baguio City
TABLE OF CONTENTS
1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations 2
2. Application for Amendment of Partnerships 11
3. Certi ication of Paid-up Capital / Capital Structure / Percentage of Ownership 19
4. Increase of Capital Stock by way of Cash 25
5. Increase of Capital Stock through Payment other than Cash 37
6. Issuance of Certi icates of No Derogatory Information 55
7. Issuance of Plain/Authenticated Copies of Documents 59
8. Public Assistance and Complaint Action 63
9. Registration of Corporations through the Electronic Simpli ied Processing of Application for Registration
of Companies (eSPARC) under Manual Processing 65
10. Registration of Corporations with less than 5 Incorporators thru eSPARC 73
11. Registration of One Person Corporation (OPC) thru eSPARC 81
12. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock) 88
13. Registration and Issuance of a Certi icate of Authority of a Lending Company 94
14. Petition for Corrections of Entries in the Articles of Incorporation and/or By-Laws, and/or Treasurer’s Af idavit
and subsequent Amendment of Domestic Corporation 108
1
1. Application for Amendment of Articles of Incorporation and/or By-laws of
Domestic Corporations
This service details the procedure in applying for amendments of the Articles of Incorporation and/or By-laws of Domestic
Corporations.
Division & Department SEC Baguio City Extension Of ice

Of ice:
Classi ication: Complex (7days) Simple (3 days)
Type of Transaction: ☒ Government to Business (G2B)
☐ Government to Citizen (G2C)
☐ Government to Government (G2G)
Type of Services: External Services
Who may avail: Target SEC Clients/ Others, please specify: All registered domestic corporations through their
Stakeholders/ Customers Authorized Representatives
Guidelines during NO
Pandemic
CHECKLIST OF REQUIREMENTS WHERE TO SECURE

1. Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the
CORPORATIONS) 1 set original and 3 sets photocopies Public Assistance and Complaint Desk or through the Commission’s
website at
http://www.sec.gov.ph/services-2/company-2/amendment/
2. Amended Articles of Incorporation/By-laws
3. Directors` or Trustees` Certi icate - notarized and signed
by majority of the directors or trustees and the corporate
secretary, certifying (i) the amendment of the Articles of
2
Incorporation and indicating the amended provisions, (ii)
the vote of the directors or trustees and stockholders or
members, (iii) the date and place of the stockholders` or
members` meeting; and (iv) the tax identi ication number
of the signatories which shall be placed below their names
4. Notarized Secretary's Certi icate on no pending case of
intra-corporate dispute
5. Compliance Monitoring Division (CMD) / EO Monitoring SEC-BEO
Of icer Clearance
Additional Requirements
6. Clearance from other SEC departments, if applicable
6.1. -For Investment company, Financing and Lending
companies, issuers of proprietary or non-proprietary Corporate Governance and Finance Department (CGFD)
membership (i.e. golf clubs), listed and public
companies and foundation (1 original copy)
6.2. -For Capital Market Institutions (i.e. Exchange, Broker,
Dealer, Investment House (1 original copy) Markets and Securities Regulation Department (MSRD)
7. Endorsement from other government agencies, if BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
applicable (1 original copy) GOVERNMENT AGENCIES
A. Banks, Pawnshops and other Financial Intermediaries with

Quasi-Banking Functions - Bangko Sentral ng Pilipinas
B. Insurance/Mutual Bene it Association/ Health Maintenance

Organization- Insurance Commission
C. Money Changer and Remittance Services- Bangko Sentral ng

Pilipinas
7.1. If the provision to be amended is the corporate name,
submit:
3
7.1.1. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually through the SEC EO
by the verifying of icer
7.1.2. Af idavit of a director, trustees or of icer May secure copy from the Public Assistance and Complaint Desk/
undertaking to change corporate name. (Not Of icer of the Day
required if already stated in the Al)
7.2. If the provision to be amended is for registered May secure copy from the Public Assistance and Complaint Desk or
corporations increasing its foreign equity to more may download through SEC Website at
than 40%, submit: F-101 http://www.sec.gov.ph/forms-and-fees/primary-registration/
8. If the provision to be amended is for registered May secure copy from the Public Assistance and Complaint Desk or
corporations with more than 40% increasing further the may download through SEC Website at
percentage of such equity, submit: F-102 http://www.sec.gov.ph/forms-and-fees/primary-registration/
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON

RESPONSIBLE
1. If corporate name is for 1. Approves or denies proposed P100.00 per 10 minutes per Director
amendment: name/s or trade name/s proposed application
corporate/trade
1.1. Fills out Name 1.1. Approves or denies appeal name/s
Veri ication Forms for the proposed name/s or
(Veri ies, reserves trade name/s
or company name
with or without
trade name/s)
1.2. If name is rejected,

registrant may
appeal for the
proposed
corporate name
4
RESPONSIBLE
2. For pre-processing, 2. Veri ies completeness of None Up to 10 minutes Frontline Staff
secures number from amendment requirements per application
the guard on duty and
proceeds to EO Counter 2.1. If documents are complete: Up to 10 minutes EO Administrative
for presentment of per application Assistant II
documentary 2.1.1. Endorses documents
requirements to Securities Counsel I
2.1.2. If documents are

incomplete:
2.1.3. Returns documents to

clients for compliance
3. Waits for the 3. Processes and evaluates None 30 min Securities Counsel I
corporation’s name to application for amendment
be called by the
Securities Counsel I (MONITORING PERIOD/S
EXCLUDED)
3.1. If compliant, issues Payment Administrative

Assessment Form Assistant II
3.2. If non-compliant, issues a Cashier

checklist for compliance
4. Pays the iling fee Online payment via ESPAYSEC Filing Fees: Digital/ Online
OR Transaction
OTC payment at Landbank Amendment of
Articles of Inc. or
By-laws : PHP
5
RESPONSIBLE
1,040.00 (*+**+***)
If Amendment of
Articles of Inc. and
By-laws: PHP
2,080.00
(*+*+**+**+***
+***)
Amendment of
Articles of
Incorporation –
PHP 1,000.00
Amendment of
By-Laws – PHP
1,000.00
**Documentary
Stamp Taxes – PHP
30.00
***Legal Research
Fee-
1% of the Filing
Fee for amendment
(PHP 10.00)
**** Amendment
with
corporate/trade
names, with
6
RESPONSIBLE
additional PHP
100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
4. Proceeds to Receiving 5. Receives and veri ies None 3-5 minutes per Frontline Staff
Of icer for presentation documentary requirements and application COS
of documentary proofs of payment Administrative
requirements with Assistant II
proof of payment
6. Waits for the issuance 6. Prepares the Certi icate of None 3-5 minutes per Administrative
of signed Certi icate Amended Articles of application Assistant II
Incorporation and/or By-laws
6.1. Signs the Certi icate of

Amended Articles of None 10 minutes per EO Director
Incorporation and/or application
By-laws
6.2. Encodes signed Certi icate

of Amended Articles of None 5 minutes per Administrative
Incorporation and/or application Assistant II
By-laws
7
RESPONSIBLE
7. Proceeds to Releasing 7. Releases signed Certi icate of None 5 minutes per Frontline Staff/
Of icer for presentation Amended Articles of application Administrative
of the original proof of Incorporation and/or By-laws Assistant II
payment and receives
the signed Certi icate of
Amended Articles of
Incorporation and/or
By-laws
TOTAL PHP 100.00 per 1 hour and
proposed 5 minutes
corporate/trade
name/s
Filing Fees:
Amendment of
Articles of Inc. or
By-laws : PHP
1,040.00
(*+**+***)
If Amendment of
Articles of Inc.
and By-laws: PHP
2,080.00
(*+*+**+**+***
+***)
Amendment of
8
RESPONSIBLE
Articles of
Incorporation –
PHP 1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
10.00)
**** Amendment
with
corporate/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
9
RESPONSIBLE
forms (PHP
3,000.00 with LRF
of PHP 30.00)
10
2.Application for Amendment of Partnerships
This service details the procedure in applying for amendment of the Articles of Partnerships.

Of ice:
Classi ication: Simple (3 days)
☒ Government to Citizen (G2C)
☐ Government to Government (G2G
Pandemic:

1. Basic Requirements (1 set original and 3 sets May secure Checklist of requirements and sample formats from the
photocopies) Public Assistance and Complaint Desk, Of icer of the Day of the
Corporate and Partnership Registration Division or through the
Commission’s website through URL
2. Cover Sheet; and
3. Amended Articles of Partnership Any of the partners
4. Additional Requirements
4.1. Endorsement from other government agencies, if A. Banks, Pawnshops and other Financial Intermediaries with
applicable (1 original) Quasi-Banking Functions - Bangko Sentral ng Pilipinas
11
C. Money Changer and Remittance Services- Bangko Sentral ng Pilipinas
4.2. If the provision to be amended is the partnership
name, submit:
4.2.1. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually by OOTD
4.2.2. Af idavit of a partner to change partnership May secure copy from the Public Assistance and Complaint Desk/
name. (Not required if already stated in the AP) OOTD
(1 original; 3 photocopies)
4.3. If the provision to be amended is the change of
partners, submit:
4.3.1. Deed of Assignment of partnership interest Assignee and Assignor Partners

and or documents showing withdrawal,
resignation, retirement and death of a partner
4.4. If provision for amendment is to have foreign equity May secure copy from the Public Assistance and Complaint Desk or
of a registered partnership, submit: F-106 may download through SEC Website at
http://www.sec.gov.ph/forms-and-fees/primary-registration/
4.5 If provision for amendment is to further increase the May secure copy from the Public Assistance and Complaint Desk or
foreign equity of a registered partnership, submit: F-107 may download through SEC Website at
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON RESPONSIBLE
1. If partnership name is 1. Approves or denies PHP 100.00 per 10 minutes per Director
for amendment: proposed name/s or trade proposed application
name/s partnership/trad
1.1. Fills out Name e name/s
Veri ication Form 1.1. Approves or denies
(Veri ies, reserves or appeal for the proposed
company name with name/s or trade name/s
or without trade
12
name/s)

registrant may
appeal for the
proposed
partnership name
2. For pre-processing, 2. Veri ies completeness of None 5-10 minutes per Administrative Assistant
secures queuing number amendment requirements application II
from the OOTD and
proceeds to 2.1. If documents are 5-10 minutes per
Administrative Assistant complete: application
II for presentment of
documentary 2.1.1. Accepts
requirements documents for
assignment to EO
processors
2.2. If documents are

incomplete:
2.2.1. Returns
documents to clients
for compliance
3. Waits for the 3. Processes and evaluates None 20 min Securities Counsel I
partnership’s name to be application for amendment
called by the Securities
Counsel I 3.1. If complete and 10 min Cashier
compliant, issues
13
Payment Assessment
Form
3.2. If non-compliant, issues

a checklist for
compliance
4. Pays the iling fee 4. Online payment via Filing Fees: Digital/ Online
ESPAYSEC Transaction
OR Amendment of
OTC payment at Landbank Articles
Partnership: PHP
2,050.00
(*+**+***)
*Amended
Articles of
Partnership
**Documentary
Stamp Taxes -
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trad
e names, with
additional PHP
14
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s Interest
– PHP 2,000.00
per Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendme
nt by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
5. Proceeds to Receiving 5. Receives and veri ies None 3-5 minutes per Administrative Assistant
Of icer for presentment documentary requirements application II
of documentary and proofs of payment
requirements with proof
15
of payment
6. Waits for the issuance of 6. Prepares the Certi icate of None 20 minutes per Administrative Assistant
signed Certi icate Amended Articles of application II
Partnership
6.1. Signs the Certi icate of 10 minutes per EO Director

Amended Articles of application
Partnership
6.2. Encodes signed 10 minutes per

Administrative Of icer III
Certi icate of Amended application
Articles of Partnership
7. Proceeds to Releasing 7. Releases signed Certi icate of None 5 minutes per Administrative Assistant
Of icer for presentment Amended Articles of application II
of original proof of Partnership
signed Certi icate of
Amended Articles of
Partnership
TOTAL PHP 100.00 per 1 hour and
proposed 50 min
partnership/tra
de name/s
Filing Fees:
Amendment of
Articles
16
Partnership:
PHP 2,050.00
(*+**+***)
*Amended
Articles of
Partnership
**Documentary
Stamp Taxes - P
PHP 30.00
***Legal
Research Fee-
1% of the Filing
Fee for
amendment
(PHP 20.00)
**** Amendment
with
partnership/tra
de names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s
Interest – PHP
2,000.00 per
17
Deed
******Amendmen
t of Partnership
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendme
nt by increasing
foreign equity
FIA forms (PHP
3,000.00 with
LRF of PHP
30.00)
18
3.Certi ication of Paid-up Capital / Capital Structure / Percentage of Ownership
This service details the procedure on request for issuance of Certi ication of Paid-up Capital, Capital Structure or Percentage
of Ownership.

Of ice:
Classi ication: Highly Technical (20 days)
Pandemic

1. Duly accomplished request form EO Public Assistance/ OOTD
2. List of stockholders certi ied under oath by the Corporate To be provided by the Company
Secretary showing the present capital structure of the
Company (Names of stockholders, nationality, no. of
shares and amount subscribed, amount of paid-up capital)
3. Secretary’s Certi icate on non-existence of intra-corporate Downloadable at SEC website through the following URL:
dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Ce
rti icate_NonExistence_Corp_Dispute.pdf
4. Audited Financial Statements as of the last iscal year, To be provided by the Applicant
stamped received by SEC and BIR
19
5. Audited Interim Financial Statements, in case there is/are External Auditor to be engaged by the Company
payment/s to unpaid subscription/s or additional issuance
of shares out of the unissued authorized capital stock thru
cash infusion made after the iscal year or after the
approval of the increase in capital stock not covered by
item 4, to be received by the EO after the application has
been reviewed by the Securities Counsel I
6. Monitoring Clearance SEC-BEO
Additional Requirement for Percentage of Ownership
7. Stock and transfer book of the corporation (to be To be provided by the Applicant
presented for veri ication)
CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING PERSON RESPONSIBLE

PAID TIME
1. Secures a number from 1. Calls the number and assists None 5 minutes Frontline Staff/
the OOTD the client
2. Submits the 2. Records the application for None 25 minutes Frontline Staff
requirements to the -pre-processing
Administrative Assistant
II for pre-processing 2.1. For irst time applicants, Administrative Assistant II
Assigns the application
to an EO Securities
Specialist
2.1.1. If for compliance, 5 minutes Frontline Staff

records the date of
submission and Securities Counsel I
forwards the
application to the
assigned EO
20
PAID TIME
specialist
2.2. Advises the client when Within 1.5 days Director

to follow up the (including
application draft certi icate
of paid-up
2.3. Examines whether the capital)
documents submitted
are complete in form and
in substance.
2.3.1. If application is
complete and in
order, the Securities
Counsel I prepares
Final Report and
submits it to the EO
Director/OIC for
review
2.3.2. If the application is 10 minutes Cashier/

for compliance, the Securities Specialist II
specialist prepares a
checklist of
de iciencies and
informs and returns
it to the applicant.
Go to Step 1*
21
PAID TIME
2.4. Evaluates the inal report 20 minutes
and reviews the
recommendation of the
Securities Counsel I
2.5. If approved for iling,

orders the EO Specialist
to issue Payment
Assessment Form (PAF)
2.5.1. If approved for

iling, orders the
assigned EO
specialist to issue
Payment Assessment
Form (PAF)
2.5.2. If not approved,

returns the
application to the EO
Specialist. Go to Step
2.3.1
3. Prepares follow-up slip 3. Receives the follow-up slip None 5 minutes Frontline Staff
(form is available at the and forwards it to the
Guard) and submits to assigned inancial specialist
OOTD/ Administrative
Assistant II
4. Receives the Payment 4. Prepares and issues Payment None 10 minutes Securities Specialist II
Assessment Form (PAF) to the
22
PAID TIME
Assessment Form applicant
5. Pays the corresponding 5. Online payment via ESPAYSEC *PHP 1,040 per Digital/ Online Transaction
iling fees OR copy
OTC payment at Landbank
*Inclusive of
Legal Research
Fee of PHP 10.00
and
Documentary
Stamp Tax of
PHP 30.00
6. Submits complete 6. Receives complete None
application requirements application requirement and
for processing together validated PAF
with the validated PAF
6.1. Receives the Audited 10 minutes Administrative Assistant II
6.1. In case wherein the Interim Financial
basis for certi ication Statements and other
is Audited Interim docs
Financial Statements,
submits the Audited 6.2. Prepares Certi icate of 10 minutes Securities Counsel I
Interim Financial Paid-up
Statements then
proceeds to Step 6 6.3. Signs the Certi icate of 10 minutes EO Director
Paid-up Capital
6.4. Records the approved 10 minutes Administrative Of icer III

Certi icate of Paid-up
Capital
23
PAID TIME
7. Presents the Of icial 7. Receives the Of icial Receipt None 5 minutes Administrative Assistant II
Receipt to the Releasing
Of icer
8. Receives the duly signed 8. Releases the signed None 10 minutes Administrative Assistant II
Certi icate of Paid-up Certi icate of Paid-up Capital
Capital
TOTAL PHP 1,040.00 / (Within) 1 day, 5
copy hours and 40
minutes
24
4. Increase of Capital Stock by way of Cash
This service details the procedure on application for increase of capital stock by way of Cash.

Of ice:
Who may avail: Target SEC Clients/ Others, please specify:Corporations duly registered at Securities and
Stakeholders/ Customers Exchange Commission.
Pandemic

1. Cover sheet EO Public Assistance or
Downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_
for_Amendment.pdf
2. Certi icate of Increase of Capital Stock No Prescribed format. To be prepared by the Company in
accordance with the Revised Corporation Code (Sections 15 and 37)
3. Treasurer’s Af idavit No prescribed format. To be prepared by the Company in
accordance with Section 37 of the Revised Corporation Code
4. Directors’ certi icate EO Public Assistance or
Directors’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Ce
25
rti icate.pdf
Trustees’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Cer
ti icate.pdf
5. Amended Articles of Incorporation To be prepared by the Company
6. List of stockholders of record as of date of meeting To be prepared by the Company
approving the increase, indicating their nationalities and
their respective subscribed and paid-up capital on the
present authorized capital stock certi ied under oath by
the corporate secretary
7. Secretary’s Certi icate on non-existence of intra-corporate EO Public Assistance or Downloadable at SEC website through the
dispute following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_C
erti icate_NonExistence_Corp_Dispute.pdf
8. Secretary’s Certi icate on waiver of pre-emptive rights of EO Public Assistance or Downloadable at SEC website through the
non-subscribing shareholders following URL:
erti icate_Waiver_Pre_emptive_Rights.pdf
9. i. AUDITED FINANCIAL STATEMENTS as of the last iscal To be provided by the company
year stamped received by BIR and SEC, if payment for
subscription is already re lected therein)
ii. SPECIAL AUDIT REPORT, if: For guidance, refer to Memorandum Circular No. 6 series of 2008
a) listed companies; downloadable at SEC website through the following URL:
b) public companies de ined in the Securities Regulation http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-0
Code; 6s2008.pdf
c) companies that offer or sell securities to the public;
d) companies with secondary license;
e) Where payment to subscription to the increase is more
than P50,000,000.00
26
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath among EO Public Assistance

stockholder/s, treasurer and president for the
corporation, stating the number of additional shares
subscribed to and paid for.
Note: Per Memorandum Circular No. 11 Series of 2016
iv. For RURAL BANKS:

a) Notarized Certi ication on payment for subscriptions to Bangko Sentral ng Pilipinas
be signed by majority of the rural bank’s Board of
Directors in accordance with the form required by BSP
b) list of stockholders of record showing their respective
subscribed and paid-up amount before and after the
increase and the list of subscribers to the increase with
their respective subscription and payment as presented
and approved by BSP annexed to the notarized
certi ication
10. If the foreign equity is increased to more than 40%, Downloadable at SEC website through the following URL:
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_N
Act*** o.F-100.pdf
11. Endorsement/Clearance, if applicable Respective SEC Department/s or other regulatory Government
Agencies
12. Monitoring Clearance SEC Extension Of ice
13. Others
27
CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON RESPONSIBLE
PAID
1. Secures a number 1. Calls the number through None 5 minutes Frontline Staff
through the queuing the system and assists the
system client
2. Submits the 2. Records the application None 5 minutes Frontline Staff
requirements to the for -pre-processing
II 2.1. For irst time
applicants, Assigns
the application to a
2.1.1. If for
compliance,
records the date
of submission
and forwards the
application to the
assigned EO
processor
2.2. Examines whether None 30 minutes Securities Counsel I

the documents
submitted are
complete in form and
in substance.
2.2.1. If application is None

complete and in Securities Specialist II
order, endorses
28
PAID
to Specialist II for
evaluation of
inancial
documents
2.2.2. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and Frontline Staff
informs and None 5 minutes
returns it to the
applicant. Go to
Step 1
Securities Specialist II
2.3. Advises the client 15 minutes
when to follow up the
application (NOTE
PERIOD/S FOR
MONITORING)
2.4. Reviews the inal

report
2.4.1. If compliant,
issues Payment
Assessment Form
29
PAID
(PAF)
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.2
3. Prepares follow-up slip 3. Receives the follow-up None 5 minutes Frontline Staff
(form is available at the slip and forwards it to the
Guard) and submits to assigned monitoring
Counter Of icer of icer
4. Receives the Payment 4. Issues Payment None 10 minutes Securities Specialist II
Assessment Form Assessment Form (PAF)
to the applicant
5. Pays the iling fees 5. Online payment via 1. Amended Digital/ Online Transaction
ESPAYSEC Articles of
OR Incorporation –
OTC payment at PHP 1,010*
Landbank
Plus
2. Increase of
Capital Stock -
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
30
PAID
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at PHP
100.00 per share
but not less than
PHP 3,000.00 or
the issue value
of the
subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
31
PAID
1% of the
computed iling
fee for Increase
of Capital Stock
but not less than
PHP 10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST of
PHP 30.00
6. Presents complete 6. Assists clients/ receives None 5 minutes
documents to Receiving complete ICS documents Frontline Staff/
Of icer Administrative Assistant II
7. Submits complete 7. Receives the complete None 30 minutes Administrative Assistant II
application requirements application requirements
for processing together and validated PAF
32
PAID
with the validated PAF in
4 sets 7.1. Prepares Certi icate None 30 minutes Administrative Assistant II/
7.1. of Increase of Capital COS
Stock and
Amendment of
Articles of
Incorporation
None 15 minutes Director
7.2. Signs and approves
the application
None 15 minutes Administrative Of icer III
7.3. Encodes the details of
the Increase of
Capital Stock in the
system
7.4. Forwards the

approved application
to the Releasing Unit
8. Waits for number/ 8. Calls the number/ None 2 minutes Frontline Staff
corporate name to be corporate name and
called by Releasing assists the client
Of icer
9. Presents the Of icial 9. Receives the Of icial None 3 minutes Administrative Assistant II
Receipt to the Releasing Receipt
Of icer
33
PAID
10. Receives the duly 10. Releases the duly None 10 minutes Administrative Assistant II
approved Certi icate of approved Certi icate of
Increase of Capital Stock Increase of Capital Stock
and Amended Articles of and Amended Articles of
Incorporation Incorporation
TOTAL 1. Amended 3 hours and
Articles of 5 minutes
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation
with par value
–
1/5 of 1% of the
increase in
capital stock
but not less
than PHP
3,000.00 or the
subscription
price of the
subscribed
capital stock,
whichever is
34
PAID
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at
PHP 100.00 per
share but not
less than PHP
3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less
than PHP 10.00
35
PAID
4. Documentary
Stamp tax of
PHP 60.00
*Inclusive of
LRF of PHP
10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST
of PHP 30.00
36
5. Increase of Capital Stock through Payment other than Cash
This service details the procedure on application for increase of capital stock by way:
● Conversion of advances/liabilities to equity

● Stock Dividends
● Land, building / condominium units
● Untitled Lands
● Inventories / Furnitures / Personal Properties
● Heavy equipment and machinery
● Shares of stock
● Motor Vehicle
● Sea vessel / aircraft
● Intangibles
● Net assets
Note: If the application involves intricate legal issues, please refer to the procedure for Merger / Consolidation.

Of ice:
Pandemic
37
BASIC REQUIREMENTS
for_Amendment.pdf
rti icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Cer
ti icate.pdf
38
Act*** o.F-100.pdf
Agencies
ADDITIONAL REQUIREMENTS
depending on the mode of payment
12. Conversion of Advances / Liabilities to Equity
12.1. Audited Financial Statements (AFS) as of the last To be provided by the company
iscal year stamped received by BIR and SEC (if the
advances are already re lected therein)
12.2. A report to be rendered by an Independent CPA on For guidance, refer to Memorandum Circular No. 6 series of 2008
the veri ication of the advances to be converted to downloadable at SEC website through the following URL:
equity, if not re lected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-0
6s2008.pdf
12.3. Deed of Assignment of advances / liabilities To be provided by the Company
13. Stock Dividends
13.1. List of stockholders entitled to stock dividend with To be provided by the Company
their respective outstanding shares and the
allocation of stock dividend certi ied by the corporate
secretary
13.2. Audited Financial Statements as of the last iscal year To be provided by the Company
received by BIR and SEC
13.3. Secretary’s Certi icate that on the basis of the To be provided by the Company
computation of the Finance Of icer, the allocation of
stock dividends as indicated in the Certi icate of
39
Increase is in proportion to the shareholdings of
stockholders as of date of meeting approving the
dividend declaration or as of record date and the
treatment of resulting fractional shares, if any, are
true and correct
13.4. Secretary’s Certi icate on the Board’s resolution to To be provided by the Company
reverse the appropriated retained earnings
13.5. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series
of 2008 downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-1
1s2008.pdf
14. Land, buildings / condominium units
14.1. Detailed schedule of property showing the registered To be provided by the Applicant.
owner, location, area, TCT/CCT no., tax declaration
number and the basis of transfer value (market
value, assessed value or zonal value) certi ied by the
company accountant
14.2. Copy of TCT/CCT and tax declaration sheet certi ied To be provided by the Applicant.
by Register of Deeds and Assessor’s Of ice,
respectively
14.3. Latest zonal valuation certi ied by BIR, if transfer To be provided by the Applicant.
value is based on zonal value
14.4. Appraisal report by a licensed real estate appraiser, if To be provided by the Applicant.
transfer value is based on appraised value (not more
than 6 month old)
14.5. Deed of Assignment To be provided by the Applicant.
14.6. If property is mortgaged, submit To be provided by the Applicant.
mortgagee/creditor’s certi ication on the outstanding
loan balance and his/her written consent to the
transfer of property
14.7. For assignment of buildings where assignor is not To be provided by the Applicant.
40
the owner of the land, submit the lease contract on
the land and consent of the land owner to the
transfer
14.8. Certi ication from the transferor stating that the To be provided by the Applicant.
improvements are existing and in good condition
14.9. Af idavit of undertaking by an of icer of the To be provided by the Applicant.
corporation to submit the required proof of transfer For guidance, please refer to Memorandum Circular No. 14 series of
within the prescribed period 2013 downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-n
o.14-s2013.pdf
15. Untitled Lands
15.1. Certi ication of the Barangay Chairman where the To be provided by the Applicant.
property is located, and at least two (2) adjoining
property owners or possessors, attesting that the
subject land had been in the possessor’s open,
peaceful, continuous and uninterrupted exclusive
possession in the concept of an owner for at least
thirty (30) years and the possessor had introduced
improvements thereon, if any
15.2. Duplicate original or certi ied true copies of the tax To be provided by the Applicant.
declaration sheets
15.3. Latest realty tax receipts To be provided by the Applicant.
15.4. Af idavit by the transferor attesting continuous and To be provided by the Applicant.
open possession of the property is located
15.5. Af idavit of Non-Tenancy executed by Barangay To be provided by the Applicant.
Chairman of place where the property is located
15.6. Duplicate original or certi ied true copies of any To be provided by the Applicant.
deed, conveyance, mortgage, lease or other voluntary
instrument affecting the property recorded in the
Register of Deeds for the province of city where the
land is situated
41
15.7. Af idavit executed by the transferor attesting to the: To be provided by the Applicant.
15.7.1. Existence (or non-existence) of easements over
the untitled property
15.7.2. Kind/description of the easement and its
location
15.7.3. Whether the transferor is the dominant estate
or the servient estate, by virtue of such
easements
15.8. Under oath undertaking of the transferor/subscriber To be provided by the Applicant.
to answer for any liability that the corporation might
incur by virtue of the acceptance of said property as
paid-up capital
15.9. Clearance or certi ication from the Department of To be provided by the Applicant.
Agrarian Reform (DAR) attesting to the following:
15.9.1. There is no other claimant to the untitled land
15.9.2. It has not issued any Certi icate of Land
Ownership Award (CLOA) over the property to
any other party or
15.9.3. The land is exempt from the coverage of the
Comprehensive Agrarian Reform Program
(CARP)
15.10.Blue Print Survey of the Plan as approved by the To be provided by the Applicant.
Bureau of Lands
15.11.Detailed schedule of the property showing its To be provided by the Applicant.
registered owner, location, area, tax declaration
value/ assessed value / zonal value or appraised
value)
15.12.Latest zonal valuation certi ied by BIR, if transfer To be provided by the Applicant.
15.13.Appraisal report by authorized appraiser, if transfer To be provided by the Applicant.
42
value is based on appraised value (not more than 6
month old)
15.14.Deed of Assignment To be provided by the Applicant.
15.15.Af idavit of undertaking to submit certi ied true To be provided by the Applicant.
copy of the original certi icate of title in the name of
the transferee-corporation within one (1) year from
the date of receipt of the approval of the application
16. Inventories / Furniture / Personal Properties

16.1. Detailed schedule of property showing the To be provided by the Applicant.
description and the basis of transfer value (market
value or book value) certi ied by the company
accountant
16.2. Special Audit Report by an Independent CPA on the To be provided by the Applicant.
veri ication and valuation of property, if transfer
value is based on book value
17. Heavy equipment and machinery
17.1. Detailed schedule of the property showing the To be provided by the Applicant.
description and the transfer value certi ied by the
company accountant
17.2. Appraisal report by authorized appraiser (not more To be provided by the Applicant.
than 6 month old). If the property is imported,
valuation report with description of the property)
by the Bangko Sentral Ng Pilipinas.
properties are existing and in good condition
18. Shares of Stock
18.1. Detailed schedule of the shares of stock showing the To be provided by the Applicant.
43
stockholder, stock certi icate number, no. of shares
and the basis of transfer value (market or book
value) certi ied by the company accountant
18.2. Audited inancial statements of the investee To be provided by the Applicant.
company as of the last iscal year received by BIR
and SEC
18.4. Certi ication by the Corporate Secretary of the To be provided by the Applicant.
investee company that the shares are outstanding in
the name of the assignor
18.5. Photocopy of the stock certi icate (present original To be provided by the Applicant.
for veri ication)
18.6. Latest market price quotation in the newspaper or To be provided by the Applicant.
certi ication from the stock exchange/broker as to
latest market price of the shares of stock (if listed in
the Stock Exchange)
18.7. Af idavit of undertaking to submit the required To be provided by the Applicant.
proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of
2013 downloadable at SEC website through the following URL:
o.14-s2013.pdf
19. Motor Vehicles
19.1. Detailed schedule of the motor vehicle showing the To be provided by the Applicant.
registered owner, make/model, plate number,
chassis number, motor number, certi icate of
registration number and market value certi ied by
the company accountant
19.2. Photocopy of certi icate of registration and of icial To be provided by the Applicant.
receipt of annual registration fee (present original
for veri ication)
44
than 6 month old)

o.14-s2013.pdf
motor vehicles are existing and in good running
condition
20. Sea Vessel / Aircraft
20.1. Detailed schedule of vessel/aircraft showing To be provided by the Applicant.
registered Owner, registry number, technical
description and appraised value certi ied by the
company accountant
20.2. Certi ied true copy of the certi icate of ownership To be provided by the Applicant.
than 6 month old)
20.4. Certi icate of seaworthiness/airworthiness issued by To be provided by the Applicant.
appropriate government agency
o.14-s2013.pdf
21. Intangibles
21.1. Photocopy of System Purchase Agreement or any To be provided by the Applicant
45
proof of ownership (for software)
21.2. Copy of Certi icate of Registration of Intellectual To be provided by the Applicant
Property Rights and mining permit for mining
claims/rights
21.3. Appraisal report by an accredited appraisal company To be provided by the Applicant
or by a licensed Filipino mining engineer for mining
claims/rights (not more than 6 months old)
21.4. Deed of Assignment To be provided by the Applicant
21.5. Af idavit of undertaking by an of icer of the company To be provided by the Applicant.
to submit proof of transfer of ownership within the For guidance, please refer to Memorandum Circular No. 14 series of
prescribed period 2013 downloadable at SEC website through the following URL:
o.14-s2013.pdf
22. Net Assets
22.1. Audited inancial statements (AFS) of the applicant To be provided by the Applicant
corporation as of the last iscal year received by BIR
and SEC
22.2. Audited inancial statements of single To be provided by the Applicant
proprietorship / partnership / division of
corporation (for spin-off) as of last iscal year
22.3. Long-form audit report of item no. 22.2 To be provided by the Applicant
22.4. Deed of Assignment of the assets and liabilities To be provided by the Applicant
22.5. List of creditors with the amount due to each To be provided by the Applicant
creditor as of date of the AFS certi ied by the
auditor or certi ied under oath by the company
accountant and written consent of creditors
22.6. Detailed schedule of properties with certi icate of To be provided by the Applicant
registration/titles and their respective book values
certi ied by the company accountant
22.7. Photocopy of the certi icate of registration of the To be provided by the Applicant
motor vehicles (present original for veri ication)
46
22.8. Copy of TCT/CCT and tax declaration sheets To be provided by the Applicant
certi ied by the Register of Deeds and Assessor’s
Of ice, respectively
22.9. Photocopy of stock certi icates (present original for To be provided by the Applicant
veri ication)
22.10. DTI Certi icate of Registration (for single To be provided by the Applicant
proprietorship)
o.14-s2013.pdf

RESPONSIBLE
1. Secures a number 1. Calls the number through the None 5 minutes Frontline Staff
through the queuing system and assists the client
system
2. Submits the 2. Records the application for None 2 hours Frontline Staff
requirements to the -pre-processing Securities Specialist
Counter Of icer II
2.1. For irst time applicants, Securities Counsel I
Assigns the application to a EO Director
FAAD specialist
2.1.1. If for compliance,

records the date of
submission and
forwards the application
to the assigned FAAD
Specialist
47
RESPONSIBLE
2.2. Advises the client when to None 5 minutes

follow up the application
2.3. Examines whether the None 2 working days

documents submitted are
complete in form and in
substance.
complete and in order,
the specialist prepares
Final Report and submits
it to the Assistant
Director
2.3.2. If the application is for

compliance, the specialist
prepares a checklist of
de iciencies and informs
and returns it to the
applicant. Go to Step 1 None 2 hours
2.4. Reviews the inal report
2.4.1. If compliant, orders

the FAAD Specialist to
issue Payment
48
RESPONSIBLE
2.4.2. If not compliant,

returns the application
to the FAAD Specialist.
Go to Step 2.3.2
3. Prepares follow-up slip 3. Receives the follow-up slip and None 5 minutes Frontline Staff
(form is available at the forwards it to the assigned
Guard) and submits to inancial specialist
Counter Of icer
4. Receives the Payment 4. Prepares and issues Payment None 5 minutes Securities Specialist
Assessment Form Assessment Form (PAF) to the II
applicant Securities Counsel I
5. Pays the iling fees 5. Online payment via ESPAYSEC 1. Amended Digital/ Online
OR Articles of Transaction
OTC payment at Landbank Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the
49
RESPONSIBLE
subscription price
of the subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling
fee for Increase of
Capital Stock but
not less than PHP
10.00
50
RESPONSIBLE
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
through the queuing system and assists the client Information Of icer
system (Receiving) III
7. Submits complete 7. Receives the complete application None 20 minutes EO Receiving Unit
application requirements and validated PAF
requirements for and advises the client when to
processing together follow up its status
in 4 sets 7.1. Encodes the details of the None 1 working day1 Administrative
application in the system and Of icer II
forwards the application to Securities Specialist
the Support Staff II
7.2. Prepares Certi icate None 2 working days
51
RESPONSIBLE
Administrative
7.3. Signs and approves the None 4 hours Of icer II
application Securities Specialist
II
7.4. Encodes approved None
application in the system EO Director
7.5. Forwards the approved
application to the Releasing
Unit Administrative
Of icer III
through the queuing system and assists the client
system (Releasing)
9. Presents the Of icial 9. Receives the Of icial Receipt None 5 minutes Administrative
Receipt to the Counter Assistant II
Of icer
10. Receives the duly 10. Releases the duly approved None 5 minutes Administrative
approved application application Assistant II
TOTAL 1. Amended 1. 2 working

Articles of days 2 hours and
Incorporation – 10 minutes from
PHP 1,010* Step 1 to 2.3
Plus 2. 2 hours and 10

minutes from
2. Increase of Step 2.4 to Step
Capital Stock - 6
52
RESPONSIBLE
**For
corporation with 3. 3 working
par value – days 4 hours and
1/5 of 1% of the 40 minutes from
increase in Step 7 to Step 10
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at PHP
100.00 per share
but not less than
PHP 3,000.00 or
the issue value of
the subscribed
capital stock,
53
RESPONSIBLE
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less than
PHP 10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST of
PHP 30.00
54
6. Issuance of Certi icates of No Derogatory Information
This service details the procedure on Issuance of Certi icates of No Derogatory Information.

Of ice:
Who may avail: Target SEC Clients/ Others, please specify:All Registered Partnerships, Domestic Corporations,
Stakeholders/ Customers and Licensed Foreign Corporations
Pandemic

SEC FORM 2015-001 (1 Original) SEC EO
Monitoring Clearance (1 photocopy)

* Primary Licenses SEC EO
* Lending CGFD
* Foundation CGFD
For Corporations with Secondary Licenses, attach the Corporate Secretary or at www.secexpress.ph
Articles of Incorporation or latest Amended Articles of
Incorporation, if any
Corporate Secretary or at www.secexpress.ph
55
For Partnerships, attach the Articles of Partnership or latest
Amended Articles of Partnership, if any
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING PERSON RESPONSIBLE

TIME
1. Secures a queuing 1. Calls the number through None 2 minutes Frontline Staff
number in SEC EO the system and assists the
client
2. Waits for the processing 2. Receives application None 3 minutes Administrative Assistant
of request II
2.1. Evaluate attachments
2.1. Receives the PAF and and checks status Digital/ Online Payment
pays via ESPAYSEC or through ODRS
OTC at Landbank
2.2. Veri ies the status of 10 minutes Securities Specialist I
corporation through
CIS-URDB.
2.3. Monitoring of Penalties if found Monitoring Of icer –

compliance with SEC delinquent Securities Specialist II
reports and other SEC Securities Specialist I
requirements Admin Of icer III
(NOTE PERIOD/S FOR
MONITORING)
Certi ication Fee – 5 minutes Admin Asst II
2.3.1. If application is PHP 500
cleared, a Payment Documentary Stamp
Assessment Form Tax – PHP 30
is issued to the
56
TIME
applicant with
instruction to pay
online via
ESPAYSEC or OTC Digital/ Online Payment
at Landbank
2.3.2. If not cleared in

Certi ication
Issuance
System-Uni ied
Reference
Database
(CIS-URDB), 5 minutes Administrative Assistant
instructs the II/ COS
applicant to return
to the department
who encoded the
infraction.
2.4. Receives the proof of 15 minutes Securities Specialist I

payment
2.5. Prints the Certi icate of

No Derogatory 10 minutes Frontline Staff
Information through
the CIS-URDB.
2.6. Reviews the application

and signs the Certi icate
57
TIME
of No Derogatory EO Director
Information.
3. Waits for name/number 3. Calls the number None 5 minutes Frontline Staff
to be called
4. Receives the certi ication 4. Seals the Certi icate of No None 5 minutes Administrative Assistant
Derogatory Information II
with the SEC logo
4.1. Releases the Certi icate

of No Derogatory
Information (CNDI) to
the applicant.
TOTAL PHP 530.00 1 hour and
10 minutes
(EXCLUDING
MONITORING
PROCESS)
58
7. Issuance of Plain/Authenticated Copies of Documents
This service details the procedure on request for plain and/or authenticated copies of documents on ile with the Commission.

Of ice:
☒ Government to Government (G2G
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Government Agencies
Customers
Pandemic

Signed Letter Request (1 original, 1 photocopy) Requesting Government Agency

TIME
1. Submits the letter to the 1. Receives the letter None 10 minutes Frontline Staff
Of ice of the Director request
(OD) – EO
1.1. Assigns and
forwards to
concerned EO staff
2. Waits to process the 2. Prepares the requested PHP 10.00 per 10 minutes per Administrative Assistant II/
request documents and forwards page document Administrative Assistant I/
59
TIME
to the Admin Assistant I/ COS
II
2.1. *If plain copy, prints

the documents
2.2. **If authenticated

copy, prints and
stamps the
documents
2.3. Prepares the letter None 15 minutes Securities Counsel I

reply and/or Securities Specialist II
Payment Assessment
Form (PAF) and
forwards the same
together with the
documents to the
Administrative
Of icer III
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal
Revenue (BIR),
and Government
60
TIME
Service
Insurance
System (GSIS)
and other
pro it-making
agencies, issues
the PAF (subject
to existing MOA
with certain
NGAs)
2.4. For non-pro it 5 minutes EO Director/

making agencies, do Securities Counsel I
not issue a PAF
2.5. Signs the letter

and/or documents
and forwards to the
Administrative
Assistant II
3. Receives the transmittal 3. Transmits the signed None 10 min Administrative Of icer III
letter with attached letter reply with attached
document/s documents
3.1. If the requesting

party is nearby SEC
Extension Of ice,
personally call the
requestor to receive
61
TIME
the document/s

party is outside
Metro Manila,
transmits by
courier/express
3.3. Transmits the signed

letter reply with
attached PAF
through
courier/express
TOTAL P10.00 per page 50 minutes
62
8. Public Assistance and Complaint Action
This service details the assistance rendered to walk-in clients on their concerns and queries pertaining to SEC matters.
This is also to provide advice and counseling on their complaints as well to refer clients to appropriate SEC Department,
if applicable.

Of ice:
Type of Transaction: ☐ Government to Business (G2B)
Customers
Pandemic

None None
1. Gets a number from the 1. Calls number of client None 5 minutes Frontline Staff
OOTD/ Frontline Staff COS
2. Presents concern/s, 2. Action/s depending None 5 minutes Frontline Staff
query or complaint (OOTD)
2.1. Presents written 2.1. On the nature of the 15 minutes Frontline Staff
63
complaint concern/query; or (OOTD)
2.2. No written complaint 2.2. Hands out the 5 minutes Frontline Staff
requested checklist (OOTD)
of requirements,
guidelines, or sample
forms;
2.3. Refers to the 5 minutes Director

appropriate EO staff Concerned EO Staff
depending on the nature of
2.4. Endorses written 25 minutes inquiry/ assistance/
complaint to the complaint
Of ice of the Director Securities Counsel I (Legal)
and advises party to Securities Specialist II or
expect feedback Securities Specialist I
within ive (5) (Technical/ Financial)
working days
2.5. Gives advisory (but if

involves complex
legal/ technical
issues, advise to put
complaint in writing/
send through email)
TOTAL None 1 hour
64
9. Registration of Corporations through the Electronic Simpli ied Processing of
Application for Registration of Companies (eSPARC) under Manual Processing
This service details the manual processing of registration of domestic corporations without secondary licenses upon the submission
of the application through the Company Registration System (CRS). This is to facilitate a faster evaluation of the application without
undergoing the entire online process of the Company Registration System (CRS).

Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Natural and Juridical Persons and
Customers their representatives
Pandemic

Cover Sheet Company Registration System (CRS)
● Articles of Partnership (for partnerships) SEC Extension Of ice
● Articles of Incorporation (for stock and non-stock eSPARC website: https://secwebapps.sec.gov.ph/application
corporations)
● Treasurer’s Af idavit (for stock corporation only)
● By-Laws (for stock and non-stock corporations)
● Foreign Investments Act Form 100 (for stock corporations
with more than 40% foreign equity) whose paid-up capital is
CASH
65
● Af irmation (for Sole Corporations and Religious Societies)
*Please be informed to arranged in accordance with the
order in the checklist in 1 original and 2 photocopies
1. Creates an email account 1. System sends veri ication None 5 minutes Applicant/Registrant
in eSPARC con irmation to allow
applicants to sign-in into
the facilities therein.
1.1. Email account

created
automatically expires
within 90 calendar
days if inactive.
2. Veri ies, reserves or 2. System validates None Applicant/Registrant
appeals the proposed proposed company name
company name with or in accordance with
without trade name/s Memorandum Circular
No. 13 series of 2019
2.1. Reservation of
proposed company
name expires on the
4th day if in-forms
are not illed up
2.2. Processor will either

approve or
disapprove the
66
application (until
indings are all
complied with)
3. Starts illing out 3. Systems validates the None Applicant/Registrant
company details and company information
submit forms on-line encoded
4. Submits the hard copies 4. Receives the application For stock 10 minutes Frontline Staff
of signed and notarized documents and assigns corporation based
documents to a processor on the authorized
capital stock:
4.1. Processes the With par value: 30 minutes Securities Counsel I
submitted 1/5 of 1% of the
application in authorized capital
accordance with stock but not less
theRevised than PHP 2,000
CorporationCode, or the
Guidelines subscription price
onCorporate of the subscribed
names,Foreign capital stock
InvestmentsAct, whichever is
Anti-DummyLaw and higher
other special laws Without par value:
and applicable 1/5 of 1% of the
SECrules and authorized capital Digital/ Online Payment
regulations stock computed at
PHP 100 per
4.1.1. If compliant, share but not less
processor issues than PHP 2,000
a Payment or the issue value
Assessment of the subscribed
67
Form (PAF) capital stock
whichever is
4.1.2. Required iling higher
fees based on By-Laws for both
Memorandum stock and
Circular No. 3, non-stock
series of 2017 to corporations: PHP
be paid via 1,000
ESPAYSEC or Articles of
OTC at Landbank Incorporation for
non-stock
4.1.3. If corporation: PHP
non-compliant, 1,000
application will Foreign
be returned to Investments Act
the party (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
68
Pesos (PHP
10.00)
5. Submits the proof of 5. Encode the Registration None 10 minutes Administrative Assistant II/
payment and documents Documents in CoRes COS
5.1. Of icially receives

and stamps the hard 30 minutes Administrative Assistant II
copies of the
registration
application forwards
to Administrative
Assistant II for
generation of the
Certi icate of
Registration (COR)
5.2. Final review and

approval with CORES 10 minutes EO Director
5.3. Generation/ printing

of certi icate 15 minutes Administrative Assistant II
6. Presents Of icial Receipt 6. Releases the Certi icate None 15 minutes Administrative Assistant II
to secure the Certi icate together with
of Incorporation registration application
then stamps release the
of icial receipt
69
TOTAL For stock (within) 2 days
corporation and 6 hours
based
on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital
stock but not less
than PHP 2,000
or the
subscription
price
of the subscribed
capital stock
whichever is
higher
Without par
value:
1/5 of 1% of the
authorized
capital
stock computed
at
PHP 100 per
share but not less
than PHP 2,000
or the issue value
70
of the subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations:
PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
71
the Filing Fee but
not less than Ten
Pesos (PHP
10.00): PHP
1,000
72
10. Registration of Corporations with less than 5 Incorporators thru eSPARC
This service details the procedure on registration of corporations consisting of less than ive incorporators and/or with partnership
association or corporations as incorporators pursuant to Section 10 of the Revised Corporation Code (RCC).

Of ice:
Pandemic

1. Cover Sheet SEC Extension Of ice
2. Articles of Incorporation (for stock and non-stock
corporations) Computation of iling fee:
3. Treasurer’s Af idavit (for stock corporation only, www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new2.pdf
optional if Treasurer’s Certi icate in accordance with
the RCC is incorporated in the Articles of Incorporation
(AI))
4. By-Laws (for stock and non-stock corporations)
5. Foreign Investments Act Form 100 (for stock
corporations with more than 40% foreign equity)
whose paid-up capital is CASH
73
*Please be informed to arranged in accordance with the order
in the checklist in 1 original and 2 photocopies
1. Creates an email in 1. System sends veri ication None Applicant/Registrant
eSPARC con irmation to allow
1.1. Email account
created
within 90 calendar
days if inactive.
without trade names Memorandum Circular
2.1. Reservation of
proposed company
names expires on
the 4th day if
in-forms are not
illed up.

approve or
disapprove the
application (until
indings are all
74
complied with)
capital stock:
SECrules and authorized capital
PHP 100 per
4.1.1. If compliant, share but not less 15 minutes Securities Specialist II
whichever is
75
fees based on By-Laws for both Digital/ Online Payment
series of 2017 to corporations: PHP
be paid via 1,000
ESPAYSEC or Articles of
OTC at Landbank Incorporation for
non-stock
4.1.3. If corporation: PHP
non-compliant, 1,000
application will Foreign
be returned to Investments Act
the party (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
76
5. Submits the proof of 5. Encode the Registration None 10 minutes Administrative Assistant II/
payment and documents Documents in CoRes COS
5.1. Of icially receives 30 minutes Administrative Assistant II

and stamps the hard
copies of the
registration
application forwards
to Administrative
Assistant II for
generation of the
Certi icate of
Registration (COR)
5.2. Final Review and 10 minutes EO Director

Approval in CORES
5.3. Generation/ printing 15 minutes Administrative Assistant II

of certi icate
5.4. Signing of the EO Director

Certi icate of
Registration (COR)
(Signing applicable
only for Partnerships,
Foreign Branch/ Rep
Of ices, Lending and
Financing
Companies)
77
of icial receipt
TOTAL For stock (within 2 days and
corporation 1 hour and 55
based minutes)
on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital
stock but not less
than PHP 2,000
or the
subscription
price
of the subscribed
capital stock
whichever is
higher
Without par
value:
1/5 of 1% of the
authorized
capital
stock computed
78
at
PHP 100 per
share but not less
than PHP 2,000
or the issue value
of the subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations:
PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
79
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
80
11. Registration of One Person Corporation (OPC) thru eSPARC
This service details the procedure on registration of One Person Corporation (OPC) pursuant to Section 5, 115-132 of the Revised
Corporation Code (R.A. No. 11232)

Of ice:
Pandemic

● Cover Sheet SEC Extension Of ice
● Articles of Incorporation
● Acceptance letter of the Nominee and Alternate ● Computation of iling fee:
Nominee www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-ne
w2.pdf
*Please be informed to arranged in accordance with the
order in the checklist in 1 original set and 2 photocopies
1. Creates an email in 1. System sends veri ication None Applicant/Registrant
81
1.1. Email account
created
within 90 calendar
days if inactive.
without trade names Memorandum Circular
2.1. Reservation of
proposed company
name expires on the
4th day if in-forms
are not illed up.

approve or
disapprove the
application (until
indings are all
complied with)
capital stock:
82
SECrules and authorized capital
PHP 100 per
4.1.1. If compliant, share but not less 15 minutes Securities Specialist II
whichever is
fees based on By-Laws for both
series of 2017 corporations: PHP
1,000
4.1.3. If Articles of
non-compliant, Incorporation for
application will non-stock
83
be returned to corporation: PHP
the party 1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
5. Submits the proof of 5. RECEIVING None 4 hours Administrative Assistant II
payment and documents
5.1. Of icially receives Administrative
and stamps the 20 minutes Assistant II
hard copies of the
registration
application
forwards to
Administrative
Assistant II for
84
generation of the
Certi icate of
Registration
(COR)
EO Director
5.2. Final Review and 10 minutes
approval in
CORES
Administrative Assistant II
5.3. Generation/ Within 2 days
printing of
certi icate
5.4. Signing of the 15 minutes EO Director

Certi icate of
Registration
(COR)
5.5. (Signing applicable

only for Partnerships,
Foreign Branch/ Rep
Of ices, Lending and
Financing
Companies)
of icial receipt
TOTAL For stock (within 2 days and
corporation 2 hours)
85
based
on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital
stock but not less
than PHP 2,000
or the
subscription
price
of the subscribed
capital stock
whichever is
higher
Without par
value:
1/5 of 1% of the
authorized
capital
stock computed
at
PHP 100 per
share but not less
than PHP 2,000
or the issue value
of the subscribed
capital stock
whichever is
86
higher
By-Laws for both
stock and
non-stock
corporations:
PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
87
12. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock
and Non-Stock)
This service details the procedure on Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock)

Of ice:
Classi ication: Complex [For ordinary Corp.] (7 days) Highly Technical [For Financial Intermediaries and
Foundations] (20 days)
Stakeholders/ Customers Authorized Representatives.
Pandemic

1) Copy of the Latest due Financial Statements and any To be provided by client
amendments thereto (duly stamped received by BIR and
SEC)
2) Copy of the Latest due General Information Sheet and any
amendments thereto (duly stamped received by SEC)
3) Copy of the Certi icate of Incorporation and latest
Certi icate of iling of Amended Articles or By-laws (if any)
together with copies of the latest Articles of Incorporation
and By-laws
88
4) Copy of Registration of Stock and Transfer
Book/Membership Book
5) Copy of the latest Con irmation of Payment (COP), if any
6) Other documents (per monitorer's instructions) such as:
● Secretary's Certi icate explaining the double iling of
General Information Sheet;
● Secretary's Certi icate of No Intra-Corporate Dispute; Public Assistance and Complaint Desk
● Secretary's Certi icate (Clari ication)
● Af idavit of the Corporate Secretary (Anti-Dummy
Law/One and the Same/Auditor);
● General Formal for Financial Statements when the
gross revenue/total assets exceeds Five Million Pesos
(P5,000,000)
● OGA's Acknowledgement on Functional Currency
1. Submits completely 1. Pre-evaluates required None 10 minutes Frontline Staff/COS
illed-up "Request for documents
Monitoring" and the
required documents 1.1. If documents are not
complete, the same
are returned
together with the
checklist of the
requirements;
1.2. If the documents are

complete the request
is accepted and
issues an
89
acknowledgement
receipt indicating the
date of return Guidelines on the
Imposition of ines within Securities Counsel I
1.3. Checks status of the or penalties for 5 days –
subject corporation, noncompliance For ordinary
and assigns with reportorial corporations
monitoring task requirements;
Memorandum within Monitoring Specialists –
1.4. Determines Circular No. 8, 10 days Administrative Assistant II
compliance, series of 2009 - For FCs, Admin Of icer III
de iciencies and (MC8-2009); LCs, MFIs, Securities Specialist I
violations, and Amended rules Foundations) Securities Specialist II
prepares the governing the Securities Counsel I
Monitoring Sheet distribution of
(MSh) excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Of ice Order No.
298, Series of
2010
2. Returns on assigned day, 2. Presents the indings to None 15 minutes Monitoring Of icer/s
and if is agreeable to the the applicant
indings presented, signs
the MS 2.1.1. If there are no
de iciencies, the
MSh prepared
90
by the
Monitoring Staff
will indicate such
inding with
computation of
penalties and
will be directly
submitted to the
EO
Director/Of icer-
in-Charge for
signing
2.1.2. Note: If
applicable,
clari ication and
further
compliance may
be required by
the monitoring
of icer prior to
the release of
the monitoring
sheet (with the
approval of EO
Director, a 5 minutes Cashier/
clari icatory Securities Specialist II
conference with
the parties may
be called)
91
2.2. Prepares and issues

the Payment
Assessment Form
(PAF)
3. Pays the assessed ines 3. Pay via ESPAYSEC or OTC Digital/ Online Transaction
and penalties at Landbank
Note: Applicant with

request for reduction or
payment in installment of
ines, the procedure for
reduction of ines or
payment in installment
will be followed.
4. Presents PAF 4. Receives the PAF 10 minutes Administrative Assistant II
together with the other
documents and indicates
date of the release of the
Con irmation of Payment
of Fines (COP)
4.1 Prepares the COP

10 minutes Director
4.2 Review and signs the
COP or MS, if without
penalty
4.3 If upon review, there

are determined
92
de iciencies/ corrections,
it will be returned to the
applicant until the same
has been complied with
5. Receives COP and MS 5. Releases the COP and MS 5 minutes Frontline Staff
6. The Decision (Order of Administrative Of icer III
Payment/ Record of
Penalties) shall be
entered in the Book of
Entry of Judgments (SEC
Rules of Procedure, Part
4, Rule II, Section 2-4)
TOTAL Depends on 5 days and 1 hour
assessed ines & for ordinary corp
penalties
10 days and 1 hour
for inancial
intermediaries and
foundations
93
13. Registration and Issuance of a Certi icate of Authority of a Lending Company
This service details the procedure and documentary requirements for the registration and issuance of certi icate of authority to a
corporation which will engage in the business of a lending investor in accordance with the provisions of Republic Act No. 9474 or the
Lending Company Regulation Act of 2007.

Of ice:
Stakeholders/ Authorized Representatives.
Customers
Pandemic

Issuance of Primary License (1 original, 3 photocopies)
1. Cover Sheet System-generated at crs.sec.gov.ph
2. Articles of Incorporation (AI) with Tax Identi ication System-generated at crs.sec.gov.ph
Numbers (TIN) of Filipino incorporators, directors,
stockholders including corporate subscribers (to be
written in the Articles of Incorporation and applicable
document/s) and/or Tax Identi ication Numbers (TIN) or
passport numbers of foreign incorporators, directors and
stockholders (to be written in the Articles of Incorporation
and applicable document/s)
94
3. Treasurer’s Af idavit with waiver to examine and verify System-generated at crs.sec.gov.ph
bank deposit
4. By-Laws System-generated at crs.sec.gov.ph
5. Foreign Investments Act (FIA) Application Form (F-100), if System-generated at crs.sec.gov.ph
more than 40% foreign equity
6. Joint Af idavit of Undertaking to Change Name (in case not Incorporator or
incorporated in the Articles of Incorporation) http://www.sec.gov.ph/wp-content/uploads/2015/07/2019_FormsU
ndertakingtoChangeName.pdf
7. Af idavit of Relinquishment (in case the treasurer is a Foreign Treasurer
foreigner and the business activity of the registrant is a
partly-nationalized activity
8. Authenticated/Apostilled Articles of Incorporation and Consulate/Embassy
By-Laws and supporting documents, if the same were
executed in a foreign jurisdiction
9. Endorsement/Clearance from other government agencies, Bangko Sentral ng Pilipinas - Bank, Pawnshop and other Financial
if applicable Intermediaries with Quasi-Banking Functions, Money Changer and
Remittance Services
Insurance Commission - Insurance/Mutual Bene it Association/
Health Maintenance Organization
10. Endorsement/Clearance from other departments of the For Investment company, Financing and Lending companies, issuers
SEC, if applicable of proprietary or non-proprietary membership (i.e. golf clubs), listed
and public companies and foundation (Corporate Governance and
Finance Department
For Capital Market Institutions (i.e. Exchange, Broker, Dealer,
Investment House (Markets and Securities Regulation Department)
11. Endorsement/Clearance/Certi icate of Authority Philippine Economic Zone Authority (PEZA)
Subic Bay Metropolitan Authority (SBMA)
Clark Development Corporation (CDC)
Cagayan Economic Zone Authority (CEZA)
12. Certi icate of Incorporation and Articles of Incorporation Company
95
or latest General Information Sheet (GIS) of any corporate
subscriber
13. Proof of existence of foreign corporate subscriber/s Articles of Association
14. Notarized Bank Certi icate of Deposit of the Paid-up Capital Any Philippine Banks
15. Issuance of Certi icate of Authority to Operate as a Lending
Investor/Lending Company under the provisions of R.A.
9474, or the Lending Company Regulation Act of 2007 (1
original, 3 photocopies)
Application Form to Operate as a Lending Investor/Lending http://www.sec.gov.ph/forms-and-fees/secondary-license/
Company
1. Information Sheet http://www.sec.gov.ph/forms-and-fees/secondary-license/
2. Valid NBI Clearance of all incorporators and stockholders National Bureau of Investigation (NBI)
with right thumbprint and signature
3. For Foreign Directors and Of icers, Bureau of Immigration
a. Photocopy of Alien Certi icate of Registration Card
(ACR) or Immigrant Certi icate of Residence Card (ICR)
b. Photocopy of Passport showing valid visa or stay in the
Philippines
c. Clearance from the Bureau of Immigration
4. Sworn Statement with stamped received by AMLD-EIPD
pursuant to SEC Memorandum Circular No. 29, Series of
2020 and SEC Memorandum Circular No. 4, Series of 2021
5. Board Resolution on the Adoption of the Manuals, certi ied Board of Directors
by the Corporate Secretary
1. Creates an account 1. System sends None 10 minutes (under normal System-generated
in the Company veri ication circumstances, i.e. system
Registration System con irmation to allow is working)
96
(CRS) by logging in applicant to sign-in to
crs.sec.gov.ph the facilities therein
1.1. Veri ies the Note: Email account 1 minute

created account created automatically
through e-mail expires within 90
then logs-in calendar days if inactive
his/her account
1.1. System 10 minutes
1.2. Veri ies, approves/denies
reserves, or the proposed
appeals the company name in
proposed accordance with
company name Memorandum
including trade Circular No. 13,
or business series of 2019
names, if 30 minutes Name Veri ication Of icer
applicable 1.2. System approves
the proposed
1.2.1. If name/s
approved,
proceeds 1.3. Approves/denies
with the the appeal
encoding of
company 1.4. System
information acknowledges
submission of
Note: Reservation of documents
proposed company
name expires on the 4th
97
day if in-forms are not
illed up
1.2.2. If denied,
avails online
appeal of
rejected names
by uploading
appeal letter
and/or
supporting
documents
1.3. Encodes
company
information
1.4. Uploads and

submits
CRS-generated
or non-CRS
generated
documents
2. Waits for the 2. Evaluates uploaded None 30 minutes per Securities Specialist I, II
evaluation of documents application Information Of icer III
submitted
documents.
3. Receives 3. System issues None
noti ication through compliance e-mail
email and CRS alert if the documents
98
account are incomplete or
with de iciencies
3.1. *If for
compliance, 3.1. System issues
opens the payment e-mail
compliance alert if the
section in the documents are
CRS and complete and in
complies the order
de iciencies or
completes the
requirements
3.2. *If for payment,

pays the iling
fee online or on
collection then
uploads the
documentary
requirements
3.2.1. If online,
pays
through
GCash or
Landbank
then
uploads
documenta
ry
99
requiremen
ts through
CRS
3.2.2. If on
collection,
prints the
Order of
Payment
4. Pays the Order of 4. Issues and prints out 5 minute Frontline Service Assitant
Payment via the Payment Data Analyst
ESPAYSEC or OTC at Assessment Form
Landbank, and (PAF)
bring the
documentary 4.1. Presents PAF to
requirements to EO the assigned CRS
processor
1.1 Signs the PAF 1 minute Securities Specialist I
100
Payment via ESPAYSEC or a) Articles of Digital/ Online
OTC at Landbank Incorporation, Stock Transaction
Corp., with par value:
1/5 of 1% of the
authorized capital
stock or the
subscription price of
the subscribed capital
stock, whichever is
higher, but not less
than PHP 2,000.00 plus
1% Legal Research Fee
(LRF) but not less than
PHP 20.00.
Stock corp., without

par value: 1/5 of 1%
of the authorized
capital stock computed
at PHP 100 per share
of the subscription
price of the subscribed
capital stock,
whichever is higher
but not less than PHP
2,000.00 plus 1% LRF
20.00;
b) By-Laws: PHP
1,020.00, inclusive of
101
LRF;
c) Name reservation:
PHP 100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary Stamp
– PHP 30.00
e) Application under
the Foreign
Investments Act (FIA)
– PHP 3,000.00
f) Filing fee for

Certi icate of Authority
to Operate as a
Lending Company –
1/10 of 1% of the
paid-up capital
5. Upon payment, 6. Receives complete set None 5 minutes Frontline Service
presents 3 sets of of original documents Assistant
original documents Data Analyst
to EO
102
7. Gets a queuing 7. Calls the number None 1 minute Frontline Service

number Assistant
7.1. Checks the 5 minutes Data Analyst

completeness of Computer Operator
the documents
submitted to
ensure that there
is at least one
original set of the
application
7.2. Stamps receives

and af ixes
initials on the
submitted
documents and
advises registrant
to wait for 3
working days for
the release of the
Certi icate of
Registration
8. Waits for the 8. Checks the uploaded None
release of the proof of payment and
signed Certi icate documentary
requirement
103
8.1. Approval via

CORES
8.2. Generates the

Certi icate
through CORES
8.3. Reviews the

application
8.3.1. If complete,
then release
COI
8.3.2. Returns
the
application
for
compliance

number in CRMD Assistant
and proceeds to the Computer Operator
Releasing Counter
9.1. Presents 9.1. Releases 5 minutes Frontline Service
104
original proof Certi icate to the Assistant
of payment to applicant Computer Operator
the CRMD
Releasing
Counter and
claims the
Certi icate and
URR
TOTAL a) Articles of 2 hours and 25 minutes
Incorporation, Stock per application
Corp., with par
value: 1/5 of 1% of
the authorized
capital stock or the
the subscribed
capital stock,
whichever is higher,
but not less than
PHP 2,000.00 plus
1% Legal Research
Fee (LRF) but not
less than PHP 20.00.

of the authorized
capital stock
computed at PHP
100 per share of the
105
the subscribed
capital stock,
whichever is higher
but not less than
PHP 2,000.00 plus
1% LRF but not less
than PHP 20.00;
b) By-Laws: PHP
LRF;
PHP 100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
Investments Act
(FIA) – PHP 3,000.00
f) Filing fee for
Certi icate of
Authority to Operate
as a Lending
Company – 1/10 of
106
1% of the paid-up
capital
107
14. Petition for Corrections of Entries in the Articles of Incorporation and/or
By-Laws, and/or Treasurer’s Af idavit and subsequent Amendment of Domestic
Corporation
This process details the procedure for correction of entries in the Articles of Incorporation and/or By-laws and/or Treasurer’s
Af idavit and subsequent amendments thereof of Domestic Corporations.
Division & Department Of ice: SEC Baguio City Extension Of ice (SEC - BEO)
Who may avail: Target SEC Clients/ Others, please specify: Corporations duly registered at Securities and
108
Guidelines during Pandemic NO
CHECKLIST OF WHERE TO SECURE

REQUIREMENTS
1) Veri ied
Complaint/Petition for No Prescribed format. To be prepared by the Company.
Correction of Entries
No Prescribed format. To be prepared by the Company.
2) Certi icate of No Forum
Shopping EO Public Assistance
3) Directors’ Certi icate
SEC Extension Of ice
4) Monitoring Clearance
1. Secure a number through 1. Calls the number

the queuing system through the system and None 1 minute EO Frontline
Staff/Administrative
assists the client
Assistant I
109
2. Records the application
2. Submits the requirements for pre-processing None 1 minute EO Frontline
to the Counter Of icer for Staff/Administrative
pre-processing Assistant I
2.1. Examines if
documents are 30 minutes
complete in form
2.1.1. If complete,
assigns the
application to
a Securities
Counsel
2.1.2. If for
compliance,
prepares
checklist of
de iciencies
and informs
and returns to 1 minute Securities Counsel II
client. Go to
Step 1.
2.2. Advises the
client that the
110
corporation shall 7 working days Securities Counsel II
undergo
monitoring
2.3. Sec Counsel will

advise client when
to follow-up
2.3. Examines
whether the
documents
submitted are
complete in form
and in substance
2.3.1. If application
is complete
and in order,
the Securities
Counsel
advises
applicant to
submit 4 sets
of the Petition
111
is for
compliance,
the Securities
Counsel
prepares a
checklist of
de iciencies
and returns it
to the
applicant. Go
to Step 2.3.
112
3. Submits complete Petition 3. Examines whether the
documents documents submitted None Within 2 days Securities Counsel II
are complete
3.1. If Petition is
complete and in
order, the
Securities Counsel
issues Payment
Assessment Form
(PAF) for Petition
Fees
3.2. If petition is for
compliance, the
Securities Counsel
prepares a
checklist of
de iciencies and
returns it to the
applicant. Go to
Step 3.
113
4. Pays the iling fees
4. Wait for email Filing Fee: 10 minutes None
noti ication for payment P3,000.00
(Pay at esPaySEC or
con irmation or
Landbank)
electronic OR
Handling fee of
P20.00
Legal Research
Fee (LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
notarized
document
114
5. None 5. Assigns SEC BEO Case
number and records it None 3 minutes Administrative Assistant
II
to the logbook for
Petition for Correction
of Entries
6. Prepares draft of the 1 day

Order granting the Securities Counsel II
for review of EO
Director
6.1. Reviews the draft EO Director

of the Order and 2 days
the documents
submitted.
6.1.1. If petition is
to be granted,
the EO
Director signs
the Order
115
not compliant,
returns the
application to 10 minutes Administrative Assistant
the Securities II
Counsel, go to
Step 3; if
Order is not
suf icient, go
to Step 5
7. Informs the client that

the Order and Notice
can be picked up
8. Receives the approved 8.Prepares the Transmittal to None 30 minutes Administrative Assistant
Order and Notice be sent to the Head Of ice II
TOTAL P3,050.00 19 days, 1 hour and

26 minutes
Documentary
Stamp Tax:
P30.00 per
notarized
document
116
117
SEC EXTENSION OFFICE - TARLAC CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
2F LEGISLATIVE BLDG., TARLAC CITY HALL

BRGY. LIGTASAN, TARLAC CITY
TABLE OF CONTENTS
5. Increase of Capital Stock through Payment other than Cash 31
10. Submission of Reports through the Online Submission Tool (OST) 67
11. Registration of Corporations through OneSEC system 70
12. Registration of Domestic Corporations through Electronic Simpli ied Processing of Application for Registration of Company
(ESPARC) 73
13. Petition to Set Aside Orders of Revocation or Suspension 82
14. Petition for Correction of Entries in the Articles of Incorporation and/or By-laws and/or Treasurer’s Af idavit and subsequent
amendments thereof of Domestic Corporations 89
1
1. Application for Amendment of Articles of Incorporation and/or By-laws
of Domestic Corporations
Corporations.
Division & Department SEC Tarlac City Extension Of ice (SEC - TEO)
Of ice:
Classi ication: Simple (3days)
Who may avail: Target SEC Clients/ Others, please specify: All registered domestic corporations through
Stakeholders/ Customers their Authorized Representatives

Basic Requirements (STOCK OR NON-STOCK May secure checklist of requirements and sample formats from the
CORPORATIONS) 2 sets original and 1 set photocopy Public Assistance and Complaint Desk of SEC TEO or through the
Commission’s website at
by the majority of the directors or trustees and the
corporate secretary, certifying (i) the amendment of the
Articles of Incorporation and indicating the amended
provisions, (ii) the vote of the directors or trustees and
2
stockholders or members, (iii) the date and place of the
stockholders` or members` meeting; and (iv) the tax
identi ication number of the signatories which shall be
placed below their names
4. Compliance Monitoring Division (CMD) / EO Monitoring SEC-TEO
Of icer Clearance
5.1. Clearance from other SEC departments, if applicable
5.1.1. -For Investment company, Financing and Corporate Governance and Finance Department (CGFD)
Lending companies, issuers of proprietary or
non-proprietary membership (i.e. golf clubs),
listed and public companies and foundation (1
original copy)
5.1.2. -For Capital Market Institutions (i.e. Exchange, Markets and Securities Regulation Department (MSRD)
Broker, Dealer, Investment House (1 original
copy)
A. Banks, Pawnshops and other Financial Intermediaries with

3

Pilipinas
6.1. If the provision to be amended is the corporate
name, submit:
6.1.1. Name Veri ication Slip (1 original) Name veri ication slip may be requested from the name veri ication
of icer via email at secteo@sec.gov.ph
6.1.2. Af idavit of a director, trustees or of icer May secure copy from the Public Assistance and Complaint Desk/
undertaking to change corporate name. (Not Of icer of the Day or request through email at secteo@sec.gov.ph
required if already stated in the Al)
6.2. If the provision to be amended is for registered May secure copy from the Public Assistance and Complaint Desk or
corporations increasing its foreign equity to more may download through SEC Website at
than 40%, submit: F-101 http://www.sec.gov.ph/forms-and-fees/primary-registration/
7. If the provision to be amended is for registered May secure copy from the Public Assistance and Complaint Desk or
corporations with more than 40% increasing further the may download through SEC Website at
percentage of such equity, submit: F-102 http://www.sec.gov.ph/forms-and-fees/primary-registration/

TIME
1. If corporate name is for 1. Approves or denies P100.00 per proposed Name Veri ication Of icer
amendment: proposed name/s or corporate/trade
trade name/s name/s
4
TIME
1.1. Fills out Name 1.1. Approves or None 5-15 minutes per
Veri ication Forms denies the application
(Veri ies, reserves proposed name/s
for company name or trade name/s
with or without
trade name/s)

1.2. Approves or
registrant may 5-15 minutes per Director
denies appeal for
appeal for the application
the proposed
proposed
name/s or trade
corporate name
name/s
2. For pre-processing, 2. Veri ies completeness None 5-15 minutes per EO Frontline Staff
secures number from of amendment application Administrative Assistant II
the guard on duty and requirements
proceeds to EO Counter
for presentment of 2.1. If complete,
documentary assigns the
requirements application to EO
processor
2.2. If incomplete,
returns documents
to clients for
compliance
5
TIME
3. Waits for the 3. Processes and Amendment of Within 3 days Securities Counsel II
corporation’s name to evaluates application Articles of Inc. or Securities Counsel I
be called by the for amendment By-laws: Con idential Assistant III
assigned EO processor a. Filing Fee:
3.1. If compliant, issues P1,000.00
Payment b. Legal Research Fee-
1% of the Filing Fee
Assessment Form
(P10.00)
c. Documentary Stamp
3.2. If non-compliant, Taxes - P30.00
issues a checklist d. Handling Fee-
for compliance P20.00
Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00 and
Handling Fee- P20.00)
4. Pays the iling fee 4. None As indicated in PAF None Via online
www.sec.gov.ph online
services-ESPAYSEC or
Landbank
5. Waits for the issuance 5. Prepares the None 5 minutes Administrative Of icer II
of signed Certi icate Certi icate of Amended
Articles of
By-laws
6
TIME
5.1. Signs the None 5 minutes Director
Certi icate of
Amended
Articles of
Incorporation
and/or By-laws
5.2. Encodes the None 5 minutes Administrative Of icer II

signed
Certi icate of
Amended
Articles of
Incorporation
and/or By-laws
6. Proceeds to EO Counter 6. Releases signed None 5 minutes per EO Frontline Staff
and receives the signed Certi icate of Amended application Administrative Assistant II
Certi icate of Amended Articles of Incorporation
Articles of and/or By-laws
By-laws
TOTAL Amendment of Within 3 days
Articles of Inc. or
By-laws:
7
TIME
a. Filing Fee:
P1,000.00
b. Legal Research Fee-
(P10.00)
c. Documentary Stamp
Taxes - P30.00
d. Handling Fee-
P20.00
Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00 and
Handling Fee- P20.00)
PHP 100.00 per

proposed
corporate/trade
name/s
8
2. Application for Amendment of Partnerships
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All registered partnerships through their

Basic Requirements (2 sets original and 1 set photocopy) May secure Checklist of requirements and sample formats from the
Public Assistance and Complaint Desk, Of icer of the Day of the
1. Cover Sheet; and
3.1. Endorsement from other government agencies, if A. Banks, Pawnshops and other Financial Intermediaries with
9
Pilipinas
name, submit:
3.2.1. Name Veri ication Slip (1 original) Name veri ication slip may be requested from the name veri ication
of icer via email at secteo@sec.gov.ph
name. (Not required if already stated in the AP) Of icer of the Day or request through email at secteo@sec.gov.ph
(2 original; 1 photocopy)

partners, submit:
resignation, retirement and death of a
partner (1 original; 3 photocopies)
3.4. If provision for amendment is to have foreign equity May secure copy from the Public Assistance and Complaint Desk or
of a registered partnership, submit: F-106 may download through SEC Website at
4. If provision for amendment is to further increase the May secure copy from the Public Assistance and Complaint Desk or
foreign equity of a registered partnership, submit: F-107 may download through SEC Website at
10
TIME
1. If partnership name is 1. Approves or denies PHP 100.00 per Name Veri ication Of icer
for amendment: proposed name/s or proposed
trade name/s partnership/trade
name/s
1.1. Fills out Name

1.1. Approves or denies 5-15 minutes per
Veri ication Form
the proposed application
(Veri ies, reserves
or company name name/s or trade
with or without name/s
trade name/s)
1.2. If name is rejected, 1.2. Approves or denies 5-15 minutes per

registrant may appeal for the application Director/OIC
appeal for the proposed name/s or
proposed trade name/s
partnership name
2. For pre-processing, 2. Veri ies completeness of None 5-10 minutes per EO Frontline Staff
secures number from amendment application Administrative Assistant II
the guard on duty and requirements
for presentment of 2.1. If documents are
documentary complete, accepts
requirements documents for
assignment to EO
processors
11
TIME
incomplete, returns
documents to clients
for compliance
3. Waits for the 3. Processes and evaluates Amendment of 1-3 days per Securities Counsel II
partnership’s name to application for Articles application Securities Counsel I
be called by the amendment Partnership: PHP (depending on the Con idential Assistant III
assigned EO processor 2,050.00 (*+**+***) complexity of the
3.1. If compliant, issues *Amended Articles documentary
Payment Assessment of Partnership requirements)
Form (PAF) **Documentary
Stamp Taxes - PHP
3.2. If non-compliant, 30.00
issues a checklist for ***Legal Research
compliance Fee-
1% of the Filing
Fee for amendment
(PHP 20.00)
**** Amendment
with
partnership/trade
names, with
additional PHP
100.00 per
reserved
12
TIME
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s Interest –
PHP 2,000.00 per
Deed
******Amendment
of Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
Capital but not less
than PHP 2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
4. Pays the iling fee 4. None as indicated in PAF none Via online www.sec.gov.ph
online services-ESPAYSEC
or Landbank
13
TIME
5. Waits for the issuance 5. Prepares the Certi icate of None 5 minutes per Administrative Of icer II
of signed Certi icate Amended Articles of application
Partnership
5.1 Signs the Certi icate 5 minutes per

of Amended Articles of application EO Director/OIC
Partnership
5.2 Encodes signed

Certi icate of Amended 5 minutes per Administrative Of icer II
Articles of Partnership application
6. Proceeds to EO Counter 7. Releases signed None 5 minutes per EO Frontline Staff

and receives signed Certi icate of Amended application
Certi icate of Amended Articles of Partnership
TOTAL PHP 100.00 per within 3 days
proposed
partnership/trad
e name/s
Filing Fees:
Amendment of
Articles
14
TIME
Partnership: PHP
2,050.00
(*+**+***)
*Amended
Articles of
Partnership
**Documentary
Stamp Taxes - P
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trad
e names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
15
TIME
– PHP 2,000.00
per Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendmen
t by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
16
3. Certi ication of Paid-up Capital / Capital Structure / Percentage of
Ownership
of Ownership.
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Partnerships and Corporations duly recorded
Stakeholders/ Customers and registered at Securities and Exchange Commission, respectively.

1. Duly accomplished request form EO Public Assistance/ OOTD
2. List of stockholders certi ied under oath by the To be provided by the Company
Corporate Secretary showing the present capital
structure of the Company (Names of stockholders,
nationality, no. of shares and amount subscribed,
amount of paid-up capital)
3. Secretary’s Certi icate on non-existence of Downloadable at SEC website through the following URL:
intra-corporate dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cer
ti icate_NonExistence_Corp_Dispute.pdf
17
5. Audited Interim Financial Statements, in case there External Auditor to be engaged by the Company
is/are payment/s to unpaid subscription/s or
additional issuance of shares out of the unissued
authorized capital stock thru cash infusion made after
the iscal year or after the approval of the increase in
capital stock not covered by item 4, to be received by the
EO after the application has been reviewed by the
6. Monitoring Clearance SEC-TEO

TIME
1. Secures a number from 1. Calls the number and None 5 minutes EO Frontline Staff
the guard on duty assists the client
2. Submits the 2. Checks the completeness None 10 minutes EO Frontline Staff
requirements to the EO of the documentary
counter for requirements
pre-processing
2.1. If complete, assigns
the application to the
EO processor
18
TIME
2.2. If incomplete, gives
back the application
to the client for
compliance
3. Waits for the 3. Processes and evaluates 1-3 days Administrative Of icer IV
corporation’s name to the request for issuance Securities Counsel I
be called by the of Certi ication of
assigned EO processor Paid-up Capital, Capital
Structure or Percentage
of Ownership
3.1. If compliant, issues *PHP 1,040 per

Payment copy
Assessment Form *Inclusive of Legal
(PAF) Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
3.2. If non-compliant,
issues a checklist
for compliance
4. Pays the iling fee 4. None as indicated in PAF None Via online www.sec.gov.ph
or Landbank
19
TIME
5. Waits for the signed 5. Prepares the certi ication 5 minutes Administrative Of icer IV
certi ication of Paid-up Capital, Capital Securities Counsel I
Structure or Percentage
of Ownership
5.1. Signs the 5 minutes Director/ OIC

certi ication
5.2. Encodes the signed 5 minutes Administrative Of icer II

certi ication
6. Proceeds to EO Counter 6. Releases the signed None 5 minutes EO Frontline Staff
and receives the signed Certi ication Administrative Assistant II
Certi ication
TOTAL PHP 1,040.00 / within 3 days

copy
20
Of ice:
Classi ication: Complex (7 days)
Pandemic:

http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_fo
r_Amendment.pdf
2. Certi icate of Increase of Capital Stock No Prescribed format. To be prepared by the Company in accordance
with the Revised Corporation Code (Sections 15 and 37)
3. Treasurer’s Af idavit No prescribed format. To be prepared by the Company in accordance
with Section 37 of the Revised Corporation Code
21
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certi
icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certif
icate.pdf
7. Secretary’s Certi icate on non-existence of EO Public Assistance or Downloadable at SEC website through the
intra-corporate dispute following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cer
ti icate_Waiver_Pre_emptive_Rights.pdf
ii. SPECIAL AUDIT REPORT, if:

22
a) listed companies; For guidance, refer to Memorandum Circular No. 6 series of 2008
b) public companies de ined in the Securities Regulation downloadable at SEC website through the following URL:
Code; http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s
c) companies that offer or sell securities to the public; 2008.pdf
e) Where payment to subscription to the increase is
more than P50,000,000.00
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath

among stockholder/s, treasurer and president for the EO Public Assistance

a) Notarized Certi ication on payment for subscriptions Bangko Sentral ng Pilipinas
to be signed by majority of the rural bank’s Board of
certi ication
23
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.
Act*** F-100.pdf
Agencies
13. Others

TIME
1. Secures a number from 1. Calls the number None 5 minutes EO Frontline Staff/COS
the guard on duty through the system and
assists the client
2. Submits the 2. Checks the completeness None 5-15 minutes EO Frontline Staff/COS
requirements to the of the documentary
Counter Of icer for requirements
pre-processing
the application to
the EO processor

24
TIME
to the client for
compliance
3. Waits for the 3. Processes and evaluates 1. Amended 1-7 days Securities Specialist II
corporation’s name to the application for Articles of Securities Specialist I
be called by the increase of capital stock Incorporation –
assigned EO processor b PHP 1,010*
3.1. If compliant, issues Plus

Payment Assessment
Form (PAF) 2. Increase of
Capital Stock -
**For corporation
3.2. If non-compliant, with par value –
issues a checklist for 1/5 of 1% of the
compliance increase in capital
stock but not less
than PHP 3,000.00
or the
subscription price
of the subscribed
capital stock,
whichever is
higher
25
TIME
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling
fee for Increase of
Capital Stock but
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
26
TIME
*Inclusive of LRF
of PHP 10.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
or Landbank
5. Waits for the signed 5. Prepares the Certi icate 5 minutes Administrative Of icer II
certi ication of Amendment and
Certi icate of increase in
Capital Stock

certi ication
5.2. Encodes the signed 5 minutes Administrative Of icer II

certi ication
27
TIME
Certi icate of
Amendment and
Certi icate of Increase in
Capital Stock
TOTAL 1. Amended within 7 days
Articles of
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
28
TIME
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at PHP
100.00 per share
but not less than
PHP 3,000.00 or
the issue value of
the subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
29
TIME
but not less than
PHP 10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST of
PHP 30.00
30
5. Increase of Capital Stock through Payment other than Cash
1. Conversion of advances/liabilities to equity

2. Stock Dividends
3. Land, building / condominium units
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
9. Sea vessel / aircraft
10. Intangibles
11. Net assets
Note: If the application involves intricate legal issues, please refer to the procedure for Merger / Consolidation
Of ice:
Pandemic:
31
BASIC REQUIREMENTS
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_f
or_Amendment.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Cert
i icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi
icate.pdf
32
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Ce
rti icate_Waiver_Pre_emptive_Rights.pdf
Act*** F-100.pdf
Agencies
33
12.2. A report to be rendered by an Independent CPA on For guidance, refer to Memorandum Circular No. 6 series of 2008
equity, if not re lected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s
2008.pdf
13. Stock Dividends
13.1. List of stockholders entitled to stock dividend with To be provided by the Company
allocation of stock dividend certi ied by the
corporate secretary
13.2. Audited Financial Statements as of the last iscal To be provided by the Company
year received by BIR and SEC
13.3. Secretary’s Certi icate that on the basis of the To be provided by the Company
true and correct
13.4. Secretary’s Certi icate on the Board’s resolution to To be provided by the Company
13.5. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series
34
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-11s
2008.pdf
registered owner, location, area, TCT/CCT no., tax
declaration number and the basis of transfer value
(market value, assessed value or zonal value)
14.2. Copy of TCT/CCT and tax declaration sheet certi ied To be provided by the Applicant.
respectively
14.4. Appraisal report by a licensed real estate appraiser, To be provided by the Applicant.
if transfer value is based on appraised value (not
more than 6 month old)
mortgagee/creditor’s certi ication on the
outstanding loan balance and his/her written
consent to the transfer of property
14.7. For assignment of buildings where assignor is not To be provided by the Applicant.
35
transfer
corporation to submit the required proof of For guidance, please refer to Memorandum Circular No. 14 series of
transfer within the prescribed period 2013 downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
14-s2013.pdf
15. Untitled Lands
15.1. Certi ication of the Barangay Chairman where the To be provided by the Applicant.
15.2. Duplicate original or certi ied true copies of the tax To be provided by the Applicant.
declaration sheets
15.4. Af idavit by the transferor attesting continuous and To be provided by the Applicant.
36
deed, conveyance, mortgage, lease or other
voluntary instrument affecting the property
recorded in the Register of Deeds for the province
of city where the land is situated
15.7. Af idavit executed by the transferor attesting to To be provided by the Applicant.
the:
15.7.1. Existence (or non-existence) of easements
over the untitled property
location
15.7.3. Whether the transferor is the dominant estate
or the servient estate, by virtue of such
easements
15.8. Under oath undertaking of the To be provided by the Applicant.
transferor/subscriber to answer for any liability
that the corporation might incur by virtue of the
acceptance of said property as paid-up capital
15.9. Clearance or certi ication from the Department of To be provided by the Applicant.
15.9.1. There is no other claimant to the untitled land
37
15.9.2. It has not issued any Certi icate of Land
any other party or
15.9.3. The land is exempt from the coverage of the
(CARP)
15.10.Blue Print Survey of the Plan as approved by the To be provided by the Applicant.
Bureau of Lands
15.11.Detailed schedule of the property showing its To be provided by the Applicant.
value)
15.12.Latest zonal valuation certi ied by BIR, if transfer To be provided by the Applicant.
15.13.Appraisal report by authorized appraiser, if To be provided by the Applicant.
transfer value is based on appraised value (not
15.14.Deed of Assignment To be provided by the Applicant.
15.15.Af idavit of undertaking to submit certi ied true To be provided by the Applicant.
copy of the original certi icate of title in the name
of the transferee-corporation within one (1) year
from the date of receipt of the approval of the
application
38
accountant
16.2. Special Audit Report by an Independent CPA on the To be provided by the Applicant.
company accountant
17.2. Appraisal report by authorized appraiser (not To be provided by the Applicant.
more than 6 months old). If the property is
imported, valuation report with description of the
property) by the Bangko Sentral Ng Pilipinas.
18. Shares of Stock
39
18.1. Detailed schedule of the shares of stock showing To be provided by the Applicant.
the stockholder, stock certi icate number, no. of
shares and the basis of transfer value (market or
book value) certi ied by the company accountant
and SEC
investee company that the shares are outstanding
in the name of the assignor
18.5. Photocopy of the stock certi icate (present original To be provided by the Applicant.
for veri ication)
18.6. Latest market price quotation in the newspaper or To be provided by the Applicant.
latest market price of the shares of stock (if listed
in the Stock Exchange)
14-s2013.pdf
40
19. Motor Vehicles
19.1. Detailed schedule of the motor vehicle showing the To be provided by the Applicant.
19.2. Photocopy of certi icate of registration and of icial To be provided by the Applicant.
for veri ication)
19.3. Appraisal report by authorized appraiser (not To be provided by the Applicant.

14-s2013.pdf
condition
41
company accountant
than 6 month old)
20.4. Certi icate of seaworthiness/airworthiness issued To be provided by the Applicant.
by appropriate government agency
14-s2013.pdf
21. Intangibles
21.1. Photocopy of System Purchase Agreement or any To be provided by the Applicant
claims/rights
42
21.3. Appraisal report by an accredited appraisal To be provided by the Applicant
company or by a licensed Filipino mining engineer
for mining claims/rights (not more than 6 months
old)
company to submit proof of transfer of ownership For guidance, please refer to Memorandum Circular No. 14 series of
14-s2013.pdf
22. Net Assets
22.1. Audited inancial statements (AFS) of the applicant To be provided by the Applicant
corporation as of the last iscal year received by
BIR and SEC
43
22.6. Detailed schedule of properties with certi icate of To be provided by the Applicant
22.7. Photocopy of the certi icate of registration of the To be provided by the Applicant
22.8. Copy of TCT/CCT and tax declaration sheets To be provided by the Applicant
22.9. Photocopy of stock certi icates (present original for To be provided by the Applicant
veri ication)
proprietorship)
14-s2013.pdf
44
TIME
pre-processing
EO processor

to the client for
compliance
3. Waits for the 3. Processes and evaluates 1. Amended 1-7 days Securities Specialist II
corporation’s name to the application for Articles of Securities Specialist I
be called by the increase of capital stock Incorporation –
assigned EO processor PHP 1,010*
3.1. If compliant, issues
Payment Assessment Plus
Form (PAF)
2. Increase of
Capital Stock -
3.2. If non-compliant, **For corporation
issues a checklist for with par value –
compliance
45
TIME
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the
subscription price
of the subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
46
TIME
3. LRF -equivalent
to 1% of the
computed iling
fee for Increase of
Capital Stock but
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
or Landbank
47
TIME
5. Waits for the signed 5. Prepares the Certi icate 5 minutes Administrative Of icer II
certi ication of Amendment and
Certi icate of increase in
Capital Stock
5.1. Signs the certi ication 5 minutes Director/ OIC
5.2. Encodes the signed

certi ication 5 minutes Administrative Of icer II

Certi icate of
Amendment and
Certi icate of Increase in
Capital Stock
TOTAL 1. Amended Within 7 days
Articles of
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
48
TIME
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at PHP
100.00 per share
but not less than
PHP 3,000.00 or
the issue value of
49
TIME
the subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less than
PHP 10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
50
TIME
of LRF of PHP
30.00 and DST of
PHP 30.00
51
This service details the procedure for Issuance of Certi icates of No Derogatory Information
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Registered Domestic Corporations, and
Stakeholders/ Customers Licensed Foreign Corporations.
Pandemic:

1. SEC FORM 2015-001 (1 Original) SEC EO
2. Monitoring Clearance (1 photocopy)

3. Primary Licenses SEC EO
4. Lending CGFD
5. Foundation CGFD
6. For Corporations with Secondary Licenses, attach the Corporate Secretary or at www.secexpress.ph
52
7. For Partnerships, attach the Articles of Partnership or
latest Amended Articles of Partnership, if any

TIME
pre-processing
the application to
the EO processor

to the client for
compliance
3. Waits for the 3. Evaluates and veri ies Certi ication Fee – 1-7 days Securities Specialist II
corporation’s name to be the status of PHP 500 (including Securities Specialist I
called by the assigned EO Documentary monitoring of the
corporation through
processor Stamp Tax – PHP entity on its
CIS-URDB 30 compliance to
reportorial
3.1. If application is requirements)
cleared, a Payment
53
TIME
Assessment Form Plus, the assessed
(PAF) is issued to ines/penalties on
applicant with monitoring, if any
instruction to pay
online or via
Landbank
3.2. If not cleared in
Certi ication
Issuance
System-Uni ied
Reference Database
(CIS-URDB), instructs
the applicant to
return to the
department who
encoded the
infraction.
4. Pays the iling fee 4. None as indicated in PAF None Via online
Landbank
5. Waits for the signed 5. Prepares the Certi icate 5 minutes Securities Specialist II
certi ication of No Derogatory Securities Specialist I
Information
54
TIME
certi ication
5.2. Encodes the signed 5 minutes

certi ication Administrative Of icer II
6. Proceeds to EO Counter 6. Seals the Certi icate of None 5 minutes EO Frontline Staff
and receives the signed No Derogatory Administrative Assistant
Certi icate of No Information with the SEC II
Derogatory Information logo
6.1. Releases the

Certi icate of No
Derogatory
Information
(CNDI) to the
applicant
TOTAL PHP 530.00 Within 7 days
55
This service details the procedure on request for plain and/or authenticated copies of documents on ile with the
Commission.
Of ice:
☒Government to Government (G2G)
Who may avail: Target SEC Clients/ Others, please specify: All Government Agencies.
Stakeholders/ Customers

Signed Letter Request/ Filled up FOI Request Form (1 Requesting Party
original, 1 photocopy)

TIME
1. Submits the letter 1. Receives the letter 5 minutes EO Frontline Staff
request/FOI request request/Filled up FOI Administrative Assistant II
form to the Of ice of the Request Form and
Director through the EO checks in the SEC
Counter Database if the
56
requested document/s
is/are available Plain copy:
GIS -Php75.00
1.1. If document/s is/are AOI/BL – Php
available in the SEC 250.00 5 minutes
Database, issues AFS – Php10 per
Payment Assessment page plus
Form (PAF) Php50.00 service
charge
1.2. If document/s is/are
not available in the
CTC: 5 minutes
SEC Database,
GIS -Php130.00
advises client on
AOI/BL – Php
possible courses of
350.00
action
AFS – Php10 per
page plus
Php50.00 service
charge &
Php30.00 DST
2. Pays the iling fee 2. None as indicated in PAF None Via online
Landbank
3. Waits to process the 3. Prepares the requested None 1-3 days EO Frontline Staff
request documents and forwards (depending on the Administrative Assistant II
to authorized signatories volume of
requests received)
57
3.1. *If plain copy, prints 5 minutes per
the documents document
3.2. **If authenticated 5 minutes per

copy, prints and documents
stamps the
documents
3.3. Signs on the Securities Counsel II

requested 5 minutes per
Administrative Of icer IV
documents documents
Administrative Of icer II

and receives the signed documents to the Administrative Assistant
Documents applicant/requesting II
party
TOTAL Dependent on Within 3 days

the document/s
requested
58
This service details the assistance rendered to walk-in clients on their concerns and queries pertaining to SEC matters. This is
also to provide advice and counseling on their complaints as well to refer clients to appropriate SEC Department, if
applicable.
Of ice:

None None

TIME
1. Gets a number from the 1. Calls the number and None 5 minutes EO Frontline Staff
guard on duty and assists the client Administrative Assistant II
2. Presents concern/s, 2. Renders advice None 5-30 minutes EO Frontline Staff
query or complaint depending on the nature Administrative Assistant II
of the concern/query; or
59
TIME
2.1. Presents written
complaint 2.1. Hands out the
requested checklist 5 minutes
of requirements,
forms;
2.2. Refers to the

5 minutes
appropriate EO staff
2.3. Endorses written 5 minutes

complaint to the
Of ice of the Director
and advises party to
expect feedback
within ive (5)
working days
TOTAL None 50 minutes
60
9. Request for Regular Monitoring of Domestic Corporations (Ordinary
Stock and Non-Stock)
Of ice:
Stakeholders/ Customers their Authorized Representatives.

1. Copy of the Latest due Financial Statements and any To be provided by client
SEC)
2. Copy of the Latest due General Information Sheet and any
3. Copy of the Certi icate of Incorporation and latest
Certi icate of iling of Amended Articles or By-laws (if
any) together with copies of the latest Articles of
Incorporation and By-laws
4. Copy of Registration of Stock and Transfer
61
5. Copy of the latest Con irmation of Payment (COP), if any
6. Other documents (per monitorer’s instructions) such as:
● Secretary's Certi icate of No Intra-Corporate Dispute;
Public Assistance and Complaint Desk/EO Counter
(P5,000,000)

TIME
1. Submits completely 1. Pre-evaluates required None 15 minutes EO Frontline Staff/COS
Monitoring" and the
complete, the same
are returned
together with the
checklist of the
requirements;

is accepted and
62
TIME
assigned to
monitoring staff
1.3. Determines
1-3 days Securities Counsel I
compliance, Guidelines on the
(dependent on the Con idential Assistant III
de iciencies and Imposition of ines
volume of Administrative Assistant I
violations, and or penalties for
requests received)
prepares the noncompliance
Monitoring with reportorial
Assessment Sheet requirements;
(MSh) Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Of ice Order No.
298, Series of
2010
63
TIME
2. Returns on assigned day, 2. Presents the indings to 5-15 minutes Securities Counsel I
and if is agreeable to the the applicant Con idential Assistant III
indings presented, signs Administrative Assistant I
the MS 2.1. If there are Depending on the
de iciencies, the MSh assessed amount
prepared by the
Monitoring Staff will
indicate such inding
with computation of
ines penalties and
issues Payment
Assessment Form
(PAF)
2.2. If there are no
de iciencies, the MSh
prepared by the
and will be directly
submitted to the EO
Director/Of icer-in-C
harge for signing
3. Pays the assessed 3. None as indicated in PAF None Via online
ines/penalties www.sec.gov.ph online
Landbank
64
TIME
and receives the signed Monitoring Sheet (MSh) Administrative Assistant
Monitoring Sheet (MSh) to the II
applicant/requesting
party
TOTAL Guidelines on the Within 3 days

Imposition of
ines or penalties
for
noncompliance
with reportorial
requirements;
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Of ice Order No.
65
TIME
298, Series of
2010
66
10. Submission of Reports through the Online Submission Tool (OST)
This service details the procedure on online submission of reportorial requirements of registered corporations such as but not
limited to the following: General Information Sheet (GIS), Audited Financial Statements (AFS), using the Online Submission
Tool
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: Registered Corporations.
Pandemic:
CHECKLIST OF REQUIREMENTS FOR ENROLLMENT IN WHERE TO SECURE

OST
● Board Resolution (Majority Signed) or Notarized https://cifss-ost.sec.gov.ph/user/login
Secretary’s Certi icate
● Submitted MC28 Report or General Information
Sheet Version 2020
67
Enrollment in OST
TIME
1. Go to None None 5 minutes None
https://cifss-ost.sec.gov.ph/us
er/login
2. For Company Registration,

20 minutes/doc
click on “Enroll as a
Company”
20 minutes
3. For company ilers with
registered company, click on
“Add Authorized Filer”
68
Submission of Reports thru OST
TIME
1. Log in at OST with your None None 5 minutes None
username and password.
2. Select “Forms Module” to

20 minutes/doc
upload the form/report in
pdf. Click on the “upload”
button.
20 minutes
3. Fill up the information based
on the data in the uploaded
form/report. Then click
“submit”
1. Send initial acceptance 1 minute Automatic (System
email Generated)
2. Conduct Quality review Within 3 days Head Of ice Personnel

of the report submitted
and send acceptance
noti ication to client
TOTAL None 3 days & 46

minutes
69
11. Registration of Corporations through OneSEC system
This service details the procedure on registration of corporations through the OneSEC system.
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All-natural persons.
Pandemic:
QUALIFICATIONS FOR THE SYSTEM

● Stock Corporation Industry type:
● All Filipino incorporators, subscribers Agriculture, Fishery, Electric Generation, Hotel, Printing and Publishing,
● No trade name Holding Company, Hospital, Wholesale trading of goods, Retail trading of
● Templated primary purpose available in the goods, Construction, Advertising, Real Estate, Management Consultancy,
system Land Transportation, Courier Services, BPO, Telecommunications, Gas
● Incorporators, subscribers are natural persons station, Travel Agency, Restaurant, Mining, Security Agency, Recruitment,
Arrastre and Stevedoring services, Film production, Logistics, IT/Software
and Philippine residents
applications, Sea transportation, Air transportation, Cargo consolidator,
● Principal Of ice and business location not within
non-vessel operating common carrier, schools
economic zone
● Corporate term is perpetual
70
● Common shares with par value of not less than
One Peso (Ph1)
● Payment for subscription in cash
● Fees to be paid through online SEC Payment Portal
● System generated forms

PAID TIME
1. Apply online through None None
the OneSEC Application
system through the
SEC website at
www.sec.gov.ph
(Select the
appropriate/preferred
processing of ice)
2. Download and print

the following
documents:
a. Application
Summary Form
b. Cover Sheet
c. Articles of
Incorporation
d. By-Laws
71
PAID TIME
e. Digital Certi icate of
Registration
f. Payment
Assessment Form &
Proof of Payment
3. Sign the Articles of

Incorporation and
By-Laws and have the
Articles of
Incorporation
notarized
4. Submit 3 originals (3 Check if the documents

sets) of the foregoing are complete and issue
documents (within 1 corresponding certi icate Securities Specialist I
year from date of Securities Specialist II
registration) to the Within 1 day
selected processing
of ice.
TOTAL None Within 1 day
72
12. Registration of Domestic Corporations through Electronic Simpli ied
Processing of Application for Registration of Company (ESPARC)
This service details the procedure on registration of domestic corporations (whether One Person Corporation or OPC,
corporations with less than ive incorporators and/or corporations with 5 or more incorporators.
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Natural and Juridical persons and their
Stakeholders/ Customers representatives.
Pandemic:

● Payment Assessment Form SEC Extension Of ice
● Proof of Payment
● Cover Sheet
● Articles of Incorporation (for OPC, stock and
non-stock corporations)
73
● Foreign Investments Act Form 100 (for stock
corporations with more than 40% foreign equity)
*Please be informed to arrange in accordance with the

order in the checklist and submit 3 sets, all original

TIME
1. Log-in to 1. None None Applicant/Registrant
https://secwebapps.sec.g
ov.ph/application
2. Fill-out all the details 2. Whether name is None 10 minutes Name Veri ication Of icer
needed and submit approved or
online disapproved, the name
veri ication of icer
assigns the application to
a processor
2.1. Processor
determines whether
the details of the
application is in
accordance with the
Revised Corporation 1-7 days Processor
Code and other
74
TIME
pertinent rules and
regulations
2.2. If the application is

approved, the
processor uploads
the Payment
Assessment Form
(PAF) to the system.
If the application is
disapproved, the
processor inputs the
comments in the
system. The system
will send the PAF or
the comments to the
email of the
applicant/registrant.
3. Pays the iling fees 3. None For stock None Via online www.sec.gov.ph
corporation based online services-ESPAYSEC
on the authorized or Landbank
capital stock:
With par value:
1/5 of 1% of the
authorized capital
stock but not less
than PHP 2,000
75
TIME
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
PHP 100 per
share but not less
than PHP 2,000 or
the issue value of
the subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations: PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
76
TIME
Each additional
trade name/s:
PHP 100.00 plus
Php100.00 for
name integration
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP 10.00)
3. Pays the iling fees and 3. Receives and forwards 15 minutes Securities Specialist I
submits the hard copies the registration
of signed and notarized documents to a
documents processor
30 minutes Securities Specialist II
3.1. Processor reviews

the documents
submitted. If
approved, the
registration
documents are
forwarded to the
Receiving Of icer. If
there are
de iciencies, the
77
TIME
documents are
returned to the
4. Submits the proof of 4. Of icially receives and None 10-20 minutes Receiving Of icer
payment and documents stamps the hard copies
of the registration
application and forwards
to the Administrative
Assistant II for
generation of the
Certi icate of
Incorporation
4.1. Enters company Within 4 hours Securities Specialist I

name in the EO Securities Specialist II
Masterlist and prints
Certi icate
4.2. Reviews and 10 minutes Acting Director

evaluates the
application with
supporting
documents
signs the
Certi icate
78
TIME
4.2.2. If
non-compliant,
returns
documents to
the processor,
then to the
party/client
5. Presents Of icial Receipt 5. Enters company name in None 10 minutes Data Analyst/
to secure the Certi icate the Masterlist and Assigned Frontline Staff
of Incorporation and releases the Certi icate
signs the logbook as together with
proof of receipt of the registration application
Certi icate of then stamps release the
Incorporation of icial receipt
TOTAL For stock Within 7 days

corporation
based on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital stock but
not less than
PHP 2,000
79
TIME
Without par
value: 1/5 of 1%
of the authorized
capital stock
computed at PHP
100 per share but
not less than
PHP 2,000 or the
issue value of the
subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations:
PHP 1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
80
TIME
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00 plus
Php100.00 for
name integration
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
81
13. Petition to Set Aside Orders of Revocation or Suspension
This process details the procedure for petitions to set aside orders of revocation or suspension.
Of ice:
Pandemic:

1) Veri ied Petition to set aside the Order of Revocation No Prescribed format
or Suspension
2) Directors’ Certi icate EO Public Assistance
3) Latest Due Audited Financial Statements To be prepared by the Company
4) Latest Due General Information Sheet To be prepared by the Company
5) Copies of the Articles of Incorporation and latest To be prepared by the Company
Certi icate of Filing or Amended Articles or By-Laws
(if any) together with the latest Articles of
To be prepared by the Company
Incorporation and By-Laws To be prepared by the Company
6) Copies of the stock and transfer book or membership EO Public Assistance
book To be prepared by the Company
82
7) Secretary’s Certi icate of No Intra-Corporate
Controversy
8) Sworn Certi ication by External Auditor
9) Proof of operation for each year, starting from the
date of revocation or date of incorporation (for a
suspension order) up to the time of the iling of the
petition, any of the following but not limited to:
a. Audited Financial Statements;
b. Income Tax Returns;
c. Mayor’s or Business Permits;
d. Contracts;
e. Receipts showing payment of Real Estate Tax;
f. Certi ications/Recognitions/Annual
Conventions; or SEC Tarlac Extension Of ice
g. Any similar/related documents
10)Latest Mayor’s/Business Permit
11)Certi ication Issued by the Corporate Secretary that
the latest due Financial Statement and Income Tax
Return was received by the SEC and BIR respectively
12)Monitoring Clearance

RESPONSIBLE
1. Secure a number through the 1. Calls the number through None 1 minute EO Frontline Staff
queuing system the system and assists the
client
83
RESPONSIBLE
2. Submits the requirements to 2. Records the application None 1 minute EO Frontline Staff
the Counter Of icer for for pre-processing
pre-processing
2.1. For the irst time 20 minutes
applicants, examines if
documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities Counsel
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1.
2.2. Advises the client 1 minute Securities Counsel I

application
14 days Securities Counsel I

2.3. Examines whether the
84
RESPONSIBLE
documents submitted
are complete in form
and in substance
complete and in
order, the
Securities Counsel
prepares a draft
Order and
submits to the EO
Director/OIC for
review
for compliance,
the Securities
Counsel prepares
a checklist of
de iciencies and
returns it to the
applicant. Go to
Step 2.3.
2.4. Reviews the draft 5 working days EO Acting Director

Order and the
documents submitted.
2.4.1. If the petition is

85
RESPONSIBLE
recommended to
be granted and
the Order is
suf icient, the EO
Director/OIC
orders the
Securities Counsel
to stamp OK for
payment.
Securities Counsel
informs the client
that the
application can be
paid.
2.5. If the petition is not

compliant, return the
application to the
Securities Counsel. Go
to Step 2.3.2; if Order
is not suf icient, go to
Step 2.3.1
4. Pays the assessed 4. None as indicated in PAF None Via online
ines/penalties www.sec.gov.ph
Filing Fee: online
P3,000.00 services-ESPAYSE
C or Landbank
Handling fee of
86
RESPONSIBLE
P20.00
Legal Research
Fee (LRF): P
30.00
Documentary
Stamp Tax: P30.00
per notarized
document
4. Submits complete application 4. Receives the complete None 5 minutes EO Director/OIC
requirements application requirements
and advises client when to
follow up its status
4.1. Prepares the 30 minutes Securities Counsel I

Transmittal to be sent
to the Head Of ice
4.1.1. Reviews the

Transmittal 30 minutes EO Director/OIC
4.1.1.1. If the
Transmittal
is in order,
signs the
Transmittal
87
RESPONSIBLE
4.1.1.2. If
Transmittal
needs
revision,
return the
draft 5 minutes Securities Counsel I
Transmittal
to the
Securities
Counsel for
revision. Go
to Step 4.1.
4.2. Forwards the

Transmittal and the
documents for the
Petition to Lift Order
of Suspension or
Revocation for mailing
to Head Of ice
TOTAL P3,050.00 Within 20 days
Documentary
Stamp Tax:
P30.00 per
notarized
document
88
14. Petition for Correction of Entries in the Articles of Incorporation
and/or By-laws and/or Treasurer’s Af idavit and subsequent
amendments thereof of Domestic Corporations
Of ice:
Pandemic:

1) Veri ied Complaint/Petition for Correction of Entries No Prescribed format. To be prepared by the Company.
2) Certi icate of No Forum Shopping No Prescribed format. To be prepared by the Company.
4) Monitoring Clearance SEC Extension Of ice
89
CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON
PAID RESPONSIBLE
client
2. Submits the requirements to 2. Records the application None 1 minute EO Frontline Staff
the Counter Of icer for for pre-processing
pre-processing
documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities Counsel
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and 1 minute Securities Counsel I
informs and
returns to the
client. Go to Step
1.
2.2. Advises the client

application
90
PAID RESPONSIBLE
2.3. Examines whether the 14 working days Securities Counsel I
documents submitted
and in substance
complete and in
order, the
Securities Counsel
prepares a draft
Order and Notice
and submits to
the EO
Director/OIC for
review
2.3.2. If application is 5 working days EO Director/ OIC

for compliance,
the Securities
Counsel prepares
a checklist of
de iciencies and
returns it to the
applicant. Go to
Step 2.3.
2.4. Reviews the draft

Order and Notice and
91
PAID RESPONSIBLE
the documents
submitted.
2.4.1. If petition is to
be granted and
the Order
suf icient, the EO
Director/OIC
orders the
Securities Counsel
to stamp OK for
payment.
Securities Counsel
informs the client
that the
application can be
paid.

return the
application to the
Securities
Counsel. Go to
Step 2.3.2; if
Order is not
suf icient, go to
Step 2.3.1
92
PAID RESPONSIBLE
3. Pays the iling fees 3. None Filing Fee: None Via online
P3,000.00 www.sec.gov.ph online
Handling fee of Landbank
P20.00
Legal Research
Fee (LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
notarized
document
4. Submits complete application 4. Receives the complete None 30 minutes EO Receiving Unit
4.1. Assigns SEC CEO Case 3 minutes EO Frontline Staff

number and records it
to the logbook for
of Entries
4.1.1. Finalizes Order 30 minutes Securities Counsel I

and Notice
93
PAID RESPONSIBLE
4.1.2. Forwards the 5 minutes
Order and Notice
to EO
Director/OIC for
review and
signature
30 minutes EO Director/OIC
4.1.3. EO Director/OIC
signs and
approves the
application.
Securities Counsel
informs the client
that the Order
and Notice can be
picked up
5. Receives the approved Order 5. Releases the duly None 1 minute EO Frontline Staff
and Notice approved Order and
Notice
5.1. Asks client to ill out 1 minute EO Frontline Staff

the routing sheet for
the release of the
Order and Notice
5.2. Advises client to 3 minutes EO Frontline Staff

submit the Corrected
Articles of
94
PAID RESPONSIBLE
Incorporation/
By-Laws/ Treasurer’s
Af idavit
6. Submits Corrected Articles of 6. Checks the corrected None 20 minutes Securities Counsel I
Incorporation/ Treasurer’s Articles of Incorporation/
Af idavit/By-Laws Treasurer’s
Af idavit/By-Laws
6.1.1. If there is
revision,
Securities Counsel
informs client
6.1.2. If there is no
revision, indicates
OK for receiving 3 minutes EO Receiving Of icer
6.2. Receiving Section

30 minutes Securities Counsel I
receives corrected
documents
6.3. Prepares the

Transmittal to be sent
to the Head Of ice
6.3.1. Reviews the

Transmittal
95
PAID RESPONSIBLE
6.3.2. If the
Transmittal is in
order, signs the
Transmittal
6.3.3. If Transmittal 5 minutes Securities Counsel I

needs revision,
returns the draft
Transmittal to the
Securities Counsel
for revision.
6.4. Forwards the

Transmittal and the
documents for the
of Entries of the
Articles of
Incorporation/
Treasurer’s
Af idavit/By-Laws for
mailing to Head Of ice
TOTAL P3,050.00 Within 20 days
Documentary
Stamp Tax:
P30.00 per
notarized
document
96
97
SEC EXTENSION OFFICE - LEGAZPI CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
2F RDC Primeland Bldg. I,

LANDCO Business Park,
Brgy. Capantawan, Legazpi City
TABLE OF CONTENTS
8. Registration of Corporations through OneSEC system 47
9. Registration of Domestic Corporations through Electronic Simpli ied Processing of Application for
Registration of Company (ESPARC) 50
11. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and
Audited Financial Statements; documents other than reports – i.e. correspondences, etc.) 63
12. Submission of Reports through the Electronic Filing and Submission Tool (EFast) 65
13. Petition to Set Aside Order of Revocation or Suspension 69
14. Petition for Corrections of Entries in the Articles of Incorporation and/or By-Laws, and/or
Treasurer’s Af idavit and subsequent Amendment of Domestic Corporation 80
1
Corporations.
Division & Department SEC Legazpi City Extension Of ice (SEC - LEO)
Of ice:
Classi ication: Complex (7days) Simple (3days)

Pandemic:
Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the
CORPORATIONS) Public Assistance and Complaint Desk of respective SEC EO or
-3 sets original and 2 sets photocopies through the Commission’s website at
2
by majority of the directors or trustees and the corporate
secretary, certifying (i) the amendment of the Articles of
Incorporation and indicating the amended provisions, (ii)
the vote of the directors or trustees and stockholders or
members, (iii) the date and place of the stockholders` or
members` meeting; and (iv) the tax identi ication number
of the signatories which shall be placed below their
names Legazpi Extension Of ice
3. Notarized Secretary's Certi icate on no pending case of Corporate Governance and Finance Department (CGFD)
4. Monitoring Clearance BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
GOVERNMENT AGENCIES
1. Endorsement from other government agencies, if A. Bank, Pawnshop and other Financial Intermediaries with
applicable (1 original copy) Quasi-Banking Functions - Bangko Sentral ng Pilipinas


2. If the provision to be amended is the corporate name, Pilipinas
submit:
a. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually from the name
veri ication of icer at Legazpi Extension Of ice;
b. Af idavit of a director, trustees or of icer undertaking
to change corporate name. (Not required if already
stated in the Al)
3
3. If the provision to be amended is for registered May download copy through SEC Website at
corporations increasing its foreign equity to more than http://www.sec.gov.ph/forms-and-fees/primary-registration/
40%, submit: F-101 May download copy through SEC Website at
4. If the provision to be amended is for registered
corporations with more than 40% increasing further the
percentage of such equity, submit: F-102

TIME
1. If corporate name is for 1. Approves or denies P100.00 per 20-30 minutes per Name Veri ication Of icer
amendment: proposed name/s or proposed application
1.1. Fills out Name trade name/s corporate/trade
Veri ication Forms name/s
(Veri ies, reserves
or company name 1.1. Approves or denies None 1 to 2 days
with or without appeal for the
trade name/s) proposed name/s
1.2. If name is rejected, or trade name/s
registrant may
appeal for the
proposed corporate
name
4
TIME
2. For pre-processing, 2. Veri ies completeness None 30 minutes to 1 Administrative Of icer III
proceeds to EO Counter of amendment hour per
for presentation of requirements application
documentary
requirements 2.1. If documents are None
complete:
2.1.1. Accepts
documents for
processing
2.2. If documents are None

incomplete:
2.2.1. Returns
documents to
clients for
compliance
3. Waits for the evaluation 3. Processes and None Within 1 for simple Securities Counsel I
and advice of the EO evaluates application Within 4 days for
processor for amendment complex
3.1. If compliant, issues

Payment
Assessment Form
5
TIME
issues a checklist
for compliance
4. Pays the iling fee via 4. Issues the Of icial Filing Fees: 15 minutes
online or Landbank Receipt and
machine-validated Amendment of
Payment Assessment Articles of Inc. or
Form By-laws : PHP
1,040.00
(*+**+***)
If Amendment of
By-laws: PHP
2,080.00
(*+*+**+**+***
+***)
Amendment of
Articles of
Incorporation –
PHP 1,000.00
Amendment of
By-Laws – PHP
1,000.00
6
TIME
**Documentary
Stamp Taxes – PHP
30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
10.00)
**** Amendment
with
corporate/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
5. Proceeds to EO Counter 5. Receives and veri ies None 10-20 minutes per Receiving Of icer
for presentation of documentary application
7
TIME
documentary requirements and

requirements with proof proofs of payment
of payment
6. Waits for the issuance of 6. Prepares the Certi icate None 1 to 2 hours per Administrative Of icer III
signed Certi icate of Amended Articles of application
By-laws
6.1. Signs the Certi icate None 10 minutes per Of icer in Charge
of Amended application
Articles of
Incorporation
and/or By-laws
6.2. Encodes signed None 30 minutes per Administrative Of icer III

Certi icate of application
Amended Articles
of Incorporation
and/or By-laws
7. Proceeds to EO Counter 7. Releases signed None 15 minutes per Of icer of the Day/
for presentation of the Certi icate of Amended application Releasing Of icer
original proof of Articles of
payment and receives Incorporation and/or
the signed Certi icate of By-laws
Amended Articles of
8
TIME
By-laws.
TOTAL PHP 100.00 per Simple: 2 days

proposed and 5 hours
corporate/trade Complex: 5 days
name/s and 5 hours
Filing Fees: (Plus 1 to 5 days

Amendment of for name appeal,
Articles of Inc. or depending on the
By-laws : PHP grounds raised)
1,040.00
(*+**+***)
If Amendment of
Articles of Inc.
and By-laws: PHP
2,080.00
(*+*+**+**+***
+***)
Amendment of
Articles of
Incorporation –
PHP 1,000.00
Amendment of
9
TIME
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
10.00)
**** Amendment
with
corporate/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
10
Of ice:

Pandemic:
1. Basic Requirements (1 set original and 3 sets May secure Checklist of requirements and sample formats from the
photocopies) Public Assistance and Complaint Desk, Of icer of the Day of the
11
2. Cover Sheet; and
4. Endorsement from other government agencies, if A. Banks, Pawnshops and other Financial Intermediaries with
Pilipinas

name, submit:
4.1.1. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually by OOTD
name. (Not required if already stated in the AP) OOTD

partners, submit:

resignation, retirement and death of a
partner (1 original; 3 photocopies)
4.3. If provision for amendment is to have foreign May secure copy from the Public Assistance and Complaint Desk or
equity of a registered partnership, submit: F-106 may download through SEC Website at
12
5. If provision for amendment is to further increase the May secure copy from the Public Assistance and Complaint Desk or
foreign equity of a registered partnership, submit: may download through SEC Website at
F-107 http://www.sec.gov.ph/forms-and-fees/primary-registration/

TIME
1. If partnership name is 1. Approves or denies PHP 100.00 per 20-30 minutes per Name Veri ication
for amendment: proposed name/s or proposed application Of icer/Administrative Of icer
1.1. Fills out Name trade name/s partnership/trade III
Veri ication Form name/s
(Veri ies, reserves
or company name
with or without 1.1. Approves or denies None 1-5 days
trade name/s) appeal for the
1.2. If name is rejected, proposed name/s or
registrant may trade name/s
appeal for the (Appeal is elevated
proposed to head of ice
partnership name (CRMD))
2. Proceeds to EO Counter 2. Veri ies completeness of None 30 minutes to 1 Administrative Of icer III
for presentment of amendment hour per
documentary requirements application
requirements 2.1. If documents are None
complete:
2.1.1. Accepts
documents for
processing
13
TIME
2.1.2. If documents
are incomplete:
2.1.2.1. Retu None
rns
documents
to clients
for
compliance
3. Waits for the evaluation 3. Processes and evaluates None 2 days for simple Securities Counsel I
and advice of EO application for 5 days for complex
processor amendment
3.1. If complete and
compliant, issues
Payment Assessment
Form
issues a checklist for
compliance
4. Pays the iling fee 4. Issues the Of icial Receipt Filing Fees: 15 minutes
and machine-validated
Payment Assessment Amendment of
Form Articles
Partnership: PHP
2,050.00
(*+**+***)
14
TIME
*Amended Articles
of Partnership
**Documentary
Stamp Taxes - PHP
30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
– PHP 2,000.00
per Deed
******Amendment
of Partnership
15
TIME
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendmen
t by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
5. Proceeds to EO Counter 5. Receives and veri ies None 10-20 minutes per Receiving Of icer
for presentment of documentary application
documentary requirements and proofs
requirements with of payment
proof of payment
6. Waits for the issuance 6. Prepares the Certi icate None 1 to 2 hours per Administrative Of icer III
of signed Certi icate of Amended Articles of application
Partnership
6.1. Signs the Certi icate

of Amended Articles 10 minutes per
of Partnership None application Of icer in Charge
16
TIME
6.2. Encodes signed

Certi icate of 30 minutes per
Amended Articles of None application Administrative Of icer III
Partnership
7. Proceeds to EO Counter 7. Releases signed None 15 minutes per Of icer of the Day/Releasing
for presentment of Certi icate of Amended application Of icer
original proof of Articles of Partnership
Amended Articles of
Partnership
TOTAL PHP 100.00 per Simple: 2 days

proposed and 5 hours
partnership/trade Complex: 5 days
name/s and 5 hours
(plus 1 to 5 days
Filing Fees: for name appeal,
depending on the
Amendment of ground/s raised)
Articles
Partnership: PHP
2,050.00
(*+**+***)
*Amended Articles
of Partnership
17
TIME
**Documentary
Stamp Taxes - P
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
– PHP 2,000.00
per Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
18
TIME
1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendmen
t by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
19
Ownership
of Ownership.
Of ice:

Who may avail: Target SEC Clients/ Others, please specify:All Corporations duly recorded and registered at
Stakeholders/ Customers Securities and Exchange Commission.
Pandemic:
1. Letter request To be provided by the Company / Applicant
2. List of stockholders certi ied under oath by the Latest GIS

Corporate Secretary showing the present capital
structure of the Company (Names of stockholders,
20
nationality, no. of shares and amount subscribed,
amount of paid-up capital)
intra-corporate dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cer
5. Audited Interim Financial Statements, in case there External Auditor to be engaged by the Company
is/are payment/s to unpaid subscription/s or additional
issuance of shares out of the unissued authorized capital
stock thru cash infusion made after the iscal year or
after the approval of the increase in capital stock not
covered by item 4, to be received by the EO after the
application has been reviewed by the Securities Counsel I

TIME
1. Proceeds to EO counter 1. Assists the client None 1 hour Of icer of the Day
21
TIME
2. Submits the 2. Receives the application None 2 hours Securities Specialist II

requirements for for -pre-processing.
pre-processing
Veri ies completeness of
documentary
requirements

complete:
2.1.1. Accepts
documents for
processing

incomplete:
Returns documents to
2.3. Advises the client 15 minutes

when to follow up
the application
2.4. Examines whether 5 working days

the documents
submitted are
22
TIME
complete in form
and in substance.
is complete and
in order, the
specialist
prepares
Payment
Assessment
Form
2.4.2. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 1*
3. Follow Up the Letter 3. Checks the letter and None 15 minutes Of icer of the Day
Request (1) forwards it to the Securities
Specialist II
23
TIME
4. Receives the Payment 4. Give PAF to the client None 30 minutes Of icer of the Day/
Assessment Form Securities Specialist II
5. Pays the corresponding 5. Receives and *PHP 1,040 per 15 minutes

iling fees acknowledges payment copy
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
6. Submits complete 6. Receives complete None 30 minutes Securities Specialist II

application application requirement
requirements for
processing 6.1. Receives the Audited None 30 minutes Receiving Of icer
Interim Financial
6.1. In case wherein the Statements
basis for
certi ication is 6.2. Advises the client 5 minutes Securities Specialist II
Audited Interim when to follow up
Financial the application
Statements, submits
the Audited Interim 6.3. Examines the 2 days Securities Specialist II
Financial Statements requirements
then proceeds to submitted.
Step 6
24
TIME
6.4. Prepares Certi icate 30 minutes Securities Specialist II

of Paid-up

of Paid-up Capital 30 minutes Of icer in Charge
7. Presents the Of icial 7. Receives the Of icial None 15 minutes Securities Specialist II
Receipt to the Specialist Receipt
II
8. Receives the duly signed 8. Releases the signed None 15 minutes Securities Specialist II
Certi icate of Paid-up Certi icate of Paid-up
Capital Capital
TOTAL PHP 1,040.00 / 7 days, 6 hours

copy and 50 minutes
25
This service details the procedure on application for increase of capital stock by way of Cash
Of ice:

Who may avail: Target SEC Clients/ Others, please specify:All Corporations duly recorded and registered at
Stakeholders/ Customers Securities and Exchange Commission.
Pandemic:

or_Amendment.pdf
26

http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Cert
i icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi
icate.pdf

27
Code; s2008.pdf
than P50,000,000.00
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath To be provided by the Company

among stockholder/s, treasurer and president for the
iv. For RURAL BANKS: Bangko Sentral ng Pilipinas

a) Notarized Certi ication on payment for subscriptions
28
certi ication
Act*** F-100.pdf

Agencies
13. Others

TIME
1. Proceeds to EO Counter 1. Receives the application None 30 minutes Of icer of the Day
and submits the for -pre-processing
requirements to the
Counter Of icer 1.1. Forwards the
application to an EO
processor
1.2. Advises the client 30 minutes Securities Specialist II/

when to follow up Securities Counsel I
the application
1.3. Examines whether 9 working days Securities Specialist II/

the documents Securities Counsel I
29
TIME
submitted are
complete in form
and in substance.
is complete and
in order and
compliant, the
specialist issues
Payment
Assessment
Form
1.3.2. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 1
2. Receives the Payment 2. Prepares and issues None 1 hour Securities Specialist II/
Assessment Form Payment Assessment Securities Counsel I
30
TIME
Form (PAF) to the

applicant
3. Pays the iling fees 3. Receives and 1. Amended 30 minutes

acknowledges payment Articles of
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the
subscription price
of the subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
31
TIME
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling
fee for Increase of
Capital Stock but
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
32
TIME
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
4. Proceeds to receiving 4. Receives the complete None Within 2 days Of icer of the Day/
counter and Submits application requirements Receiving Of icer/
complete application and validated PAF Administrative Of icer III
requirements for
processing together 4.1. Encodes the details
with the validated PAF of the Increase of
in 4 sets Capital Stock in the
system and forwards
Support Staff
4.2. Prepares Certi icate Administrative Of icer III

of Increase of Capital
Stock and
Amendment of
Articles of
Incorporation
33
TIME
4.3. Signs and approves Of icer in Charge

the application
4.4. Forwards the Administrative Of icer III

to the Releasing
Of icer/Desk
5. Proceeds to EO Counter 5. Assists the client None 10 minutes Of icer of the Day
6. Presents the Of icial 6. Receives the Of icial None 30 minutes Of icer of the Day/
Receipt to the Counter Receipt Releasing Of icer
Of icer
7. Receives the duly 7. Releases the duly None 30 minutes Releasing Of icer/Of icer of
approved Certi icate of approved Certi icate of the Day
Increase of Capital Increase of Capital Stock
Stock and Amended and Amended Articles of
Articles of Incorporation
Incorporation
TOTAL 1. Amended 11 days, 3 hours

Articles of and 40 minutes
Incorporation –
PHP 1,010*
Plus
34
TIME
2. Increase of
Capital Stock -
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at PHP
100.00 per share
but not less than
PHP 3,000.00 or
35
TIME
the issue value of

the subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less than
PHP 10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
36
TIME
of LRF of PHP
30.00 and DST of
PHP 30.00
37
Of ice:

Who may avail: Target SEC Clients/ Others, please specify: All Domestic Corporations, and Licensed Foreign
Stakeholders/ Customers Corporations
Pandemic:

2.1. Primary Licenses SEC EO
2.2. Lending CGFD
2.3. Foundation CGFD
38
3. For Corporations with Secondary Licenses, attach the
Incorporation, if any Corporate Secretary or at www.secexpress.ph
4. For Partnerships, attach the Articles of Partnership or


TIME
1. Follow procedure for 1. Assists the client Refer to separate Refer to separate Refer to separate procedure
request for monitoring (procedure for request procedure for procedure for for request for monitoring of
and get monitoring for regular monitoring of request for request for corporation
clearance corporations is applied) monitoring of monitoring of
corporation corporation
2. Proceeds to EO Counter, 2. Receives application None 10 minutes Of icer of the Day

Fill up and sign request
form for certi icate of 2.1. Evaluate attachments 20 minutes Securities Specialist II
no derogatory
information and waits 2.2. Veri ies the status of 20 minutes
for the processing of corporation through
request OR party may CIS-URDB.
submit his own Letter
Request 2.2.1. If application Certi ication Fee – 25 minutes Securities Specialist II
is cleared, a PHP 500
Payment Documentary
Assessment Stamp Tax – PHP
Form is issued 30
39
TIME
to the applicant
with instruction
to pay at
esPaySEC or
Landbank.
2.2.2. If not cleared 2 to 3 days Securities Specialist II

in Certi ication
Issuance
System-Uni ied
Reference
Database
(CIS-URDB),
verify with the
department who
encoded the
infraction.
3. Receives the PAF and 3. Receives the machine None 10 minutes

pays through esPaySEC validated Payment
or Landbank. Assessment Form.
3.1. Prints the Certi icate 15 minutes Securities Specialist II

of No Derogatory
Information through
the CIS-URDB
40
TIME
3.2. Reviews the 15 minutes Of icer in Charge

application and signs
the Certi icate of No
Derogatory
Information.
4. Receives the 4. Seals the Certi icate of None 10 minutes Securities Specialist II
certi ication No Derogatory
Information with the SEC
logo
4.1. Releases the

Certi icate of No
Derogatory
Information (CNDI)
to the applicant.
TOTAL PHP 530.00 2 hours and 5

minutes
(Add’l 2 to 3 days
for veri ication
from Head Of ice
if company is not
cleared per
CIS-URDB)
41
Commission.
Of ice:

☒ Government to Government (G2G)
Who may avail: Target SEC Clients/ Others, please specify: All Persons
Pandemic:
1. Signed Letter Request (1 original, 1 Requesting Party

photocopy)
42
TIME
1. Proceeds to EO Counter 1. Receives the request and None 15 minutes Of icer of the Day
and ill-up and sign forwards to concerned
request form/give letter EO staff
request for issuance of
plain/authenticated
copies of documents
2. Waits to process the 2. Prepares the requested None Securities Specialist II

request documents
2.1. *If plain copy, prints PHP 10.00 per 10 minutes per
the documents page document
2.2. **If authenticated 15 minutes per

copy, prints and document
stamps the
documents
2.3. Prepares the 15 minutes

Payment Assessment
Form (PAF)
2.4. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
43
TIME
Government Service
Insurance System
(GSIS) and other
pro it-making
agencies, issues the
PAF
2.5. For non-pro it 10 minutes Securities Specialist II

making agencies, do
not issue a PAF
2.6. Signs the documents
3. Receives the requested 3. Releases the requested None 15 minutes Securities Specialist II/
documents documents Of icer of the Day
TOTAL P10.00 per page 1 hour and 10

minutes
44
This service refers to the assistance provided to walk-in clients regarding their concerns/inquiries on the various services of
the Commission. It includes the procedure on responding to customer complaints and referral of clients to appropriate SEC
Department, if applicable.
Of ice:

Pandemic:
None None
45
1. Proceeds to Public 1. Assists the client None 5 minutes Of icer of the Day
Assistance & Complaint
Desk
2. Presents concern/s, 2. Renders advice None 30 minutes Of icer of the Day

query or complaint depending on the nature
of the concern/query; or
2.1. Hands out the 10 minutes

requested checklist
of requirements,
forms;
2.2. Refers to the 10 minutes

appropriate EO
staff/Of ice of the
Director/OIC
2.3. Endorses written 5 minutes

complaint to the
Of ice of the EO
Director and advises
party to expect
feedback within ive
(5) working days
TOTAL None 1 hour
46
8. Registration of Corporations through OneSEC system
This service details the procedure on registration of corporations through the OneSEC system.
Of ice:

Who may avail: Target SEC Clients/ Others, please specify: All natural persons.
Pandemic:
QUALIFICATIONS FOR THE SYSTEM
● Stock Corporation Industry type:

● All Filipino incorporators, subscribers Agriculture, Fishery, Electric Generation, Hotel, Printing and
● No trade name Publishing, Holding Company, Hospital, Wholesale trading of goods,
● Templated primary purpose available in the system Retail trading of goods, Construction, Advertising, Real Estate,
● Incorporators, subscribers are natural persons and Management Consultancy, Land Transportation, Courier Services,
Philippine residents BPO, Telecommunications, Gas station, Travel Agency, Restaurant,
Mining, Security Agency, Recruitment, Arrastre and Stevedoring
47
● Principal Of ice and business location not within services, Film production, Logistics, IT/Software applications, Sea
economic zone transportation, Air transportation, Cargo consolidator, non-vessel
● Corporate term is perpetual operating common carrier, schools
● Common shares with par value of not less than One
Peso (Ph1)
● Payment for subscription in cash
● Fees to be paid through online SEC Payment pPortal
● System generated forms

TIME
1. Apply online through None None

the OneSEC Application
system through the SEC
website at
www.sec.gov.ph
(Select the
appropriate/preferred
processing of ice)
2. Download and print the

following documents:
a. Application
Summary Form
b. Cover Sheet
c. Articles of
Incorporation
48
TIME
d. By-Laws
e. Digital Certi icate of
Registration
f. Payment Assessment
Form & Proof of
Payment
3. Sign the Articles of

Incorporation and
By-Laws and have the
Aritcles of
Incorporation notarized Check if the documents are Within 1 day Administrative Of icer III
complete and issue
4. Submit 3 originals (3 corresponding certi icate
sets) of the foregoing
documents (within 1
year from date of
registration) to the
selected processing
of ice.
TOTAL None Within 1 day
49
9. Registration of Domestic Corporations through Electronic Simpli ied
This service details the procedure on registration of domestic corporations (whether One Person Corporation or OPC,
corporations with less than ive incorporators and/or corporations with 5 or more incorporators.
Of ice:
Classi ication: Complex (7days)

Pandemic:
● Payment Assessment Form SEC Extension Of ice

● Cover Sheet
● Articles of Incorporation (for OPC,
stock and non-stock corporations)
50
● By-Laws (for stock and non-stock
corporations)
● Foreign Investments Act Form 100
(for stock corporations with more
than 40% foreign equity) whose
paid-up capital is CASH
*Please be informed to arrange in

accordance with the order in the checklist
and submit 3 sets, all original

TIME
1. Log-in to 1. None None Applicant/Registrant

https://secwebapps.sec.
gov.ph/application
2. Fill-out all the details 2. Whether name is None 1 day Name Veri ication Of icer
needed and submit approved or
online disapproved, the name
veri ication of icer
assigns the application to
a processor
2.1. Processor 5 days

determines whether Processor
51
TIME
the details of the

application is in
accordance with the
Revised Corporation
Code and other
pertinent rules and
regulations
2.2. If the application is

approved, the
processor uploads
the Payment
Assessment Form
(PAF) to the system.
If the application is
disapproved, the
processor inputs the
comments in the
system. The system
will send the PAF or
the comments to the
email of the
3. Pays the iling fees and 3. Receives and forwards For stock 15 minutes Administrative Of icer III
submits the hard copies the registration corporation based
of signed and notarized documents to a on the authorized
documents processor capital stock:
52
TIME
With par value: 30 minutes Securities Counsel I

3.1. Processor reviews 1/5 of 1% of the
the documents authorized capital
submitted. If stock but not less
approved, the than PHP 2,000
registration Without par value:
documents are 1/5 of 1% of the
forwarded to the authorized capital
Receiving Of icer. If stock computed at
there are PHP 100 per
de iciencies, the share but not less
documents are than PHP 2,000 or
returned to the the issue value of
applicant/registrant. the subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations: PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
53
TIME
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00 plus
Php100.00 for
name integration
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP 10.00)
4. Submits the proof of 4. Of icially receives and None 10-20 minutes Receiving Of icer
payment and stamps the hard copies
documents of the registration
application and forwards
Assistant II for
generation of the
54
TIME
Certi icate of
Incorporation Within 4 hours Administrative Of icer III
4.1. Enters company

name in the EO
Masterlist and prints 10 minutes Of icer in Charge
Certi icate
4.2. Reviews and

evaluates the
application with
supporting
documents
signs the
Certi icate
4.2.2. If
non-compliant,
returns
documents to
the processor,
then to the
party/client
5. Presents Of icial Receipt 5. Enters company name in None 10 minutes Administrative Of icer III/
to secure the Certi icate the Masterlist and Of icer of the Day
of Incorporation and releases the Certi icate
55
TIME
signs the logbook as together with

proof of receipt of the registration application
Certi icate of then stamps release the
Incorporation of icial receipt
TOTAL For stock 6 days, 5 hours

corporation and 35 minutes
based on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital stock but
not less than
PHP 2,000
Without par
value: 1/5 of 1%
of the authorized
capital stock
computed at PHP
100 per share but
not less than
PHP 2,000 or the
issue value of the
subscribed
capital stock
56
TIME
whichever is
higher
By-Laws for both
stock and
non-stock
corporations:
PHP 1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00 plus
Php100.00 for
name integration
Documentary
Stamp Tax: PHP
30.00
57
TIME
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)
58
Of ice:
Classi ication: Complex (7days) Highly Technical (20 days)

Who may avail: Target SEC Others, please specify: All registered domestic corporations through their
Clients/ Authorized Representatives.
Stakeholders/
Customers
Pandemic:
SEC)
59
2) Copy of the Latest due General Information Sheet and
any amendments thereto (duly stamped received by SEC)
Book/Membership Book Public Assistance and Complaint Desk/EO Counter
● General Form for Financial Statements when the
(P5,000,000)

TIME
1. Submits completely 1. Pre-evaluates required None 10 minutes Information Of icer/Data

illed-up "Request for documents Analyst
Monitoring" and the
complete, the same
60
TIME
are returned Information Of icer/Data

together with the Analyst
checklist of the
requirements;

is accepted and Information Of icer/Data
assigned to Analyst
monitoring
staff/Data Analyst Guidelines on the Within 6 days for
Imposition of ines ordinary
1.3. Determines or penalties for corporation
compliance, noncompliance
de iciencies and with reportorial Within 9 days for
violations, and requirements; other corporations Data Analyst/
prepares the Memorandum Administrative Assistant II
Monitoring Circular No. 8,
Assessment Sheet series of 2009 Securities Specialist I
(MSh) (MC8-2009);
Amended rules
1.4. Reviews and signs governing the
the Monitoring Sheet distribution of
Prepared by Data excess pro its of Securities Specialist I
Analyst corporation;
Memorandum
1.5. Approves and signs Circular No. 8,
the Monitoring Sheet Series of 1998
61
TIME
(MC8-1998); and Of icer-in-Charge

Of ice Order No.
298, Series of
2010
2. Returns on assigned 2. Presents the indings to None 15 minutes Data Analyst/

day, and if is agreeable the applicant Of icer of the Day
to the indings
presented, signs the 2.1. If there are no
Monitoring Sheet de iciencies, the MSh
prepared by the
with computation of
penalties and will be
directly submitted to
the EO
harge for signing
3. Pays the assessed ines 3. Receives payment of None 5 minutes

and penalties assessed ines and
penalties and issues
of icial receipt
TOTAL Depends on 6 to 9 days and

assessed ines & 30 minutes
penalties
62
11. Receiving of Document/s (Reports/Reportorial Requirements – i.e.
General Information Sheet and Audited Financial Statements;
documents other than reports – i.e. correspondences, etc.)
This service details the procedure on receiving reportorial requirements of registered corporations such as but not limited to
the following: General Information Sheet (GIS), Audited Financial Statements (AFS), and other correspondences.
Of ice:

Who may avail: Target SEC Others, please specify: General Public.
Clients/
Stakeholders/
Customers
Pandemic:
63
1. If reports/reportorial requirements, bring 5 sets/copies

(1 original, 4 photocopy). Otherwise, no other
requirements needed.

TIME
1. Client proceeds to the 1. Calls on the client's None 2 minutes Of icer of the Day/
receiving and releasing number Receiving Of icer
counter of any
Extension Of ice; gets
queue number and
waits to be called
3 minutes/doc Receiving Of icer/
1.1. Presents 5 1.1. Encodes document, Of icer of the Day
sets/copies of prints barcode page,
documents and attached
barcode page to
each copy
2. Claims 1 set for his ile 2. Retains 4 sets including 1 minute Of icer of the Day/
copy, with stamped original and returns 1 set Receiving Of icer
received/barcode page to client
64
12. Submission of Reports through the Electronic Filing and Submission
Tool (EFast)
This service details the procedure on online submission of reportorial requirements of registered corporations such as but not
limited to the following: General Information Sheet (GIS), Audited Financial Statements (AFS), using the Online Submission
Tool
Of ice:

Who may avail: Target SEC Others, please specify: Registered Corporations
Clients/ .
Stakeholders/
Customers
Pandemic:
65
CHECKLIST OF REQUIREMENTS FOR WHERE TO SECURE
ENROLLMENT IN OST
● Board Resolution (Majority Signed) or https://cifss-ost.sec.gov.ph/user/login

Notarized Secretary’s Certi icate
● Submitted MC28 Report or General
Information Sheet Version 2020
Enrollment in OST
TIME
1. Go to None None 5 minutes None

https://cifss-ost.sec.gov.
ph/user/login
20 minutes/doc
2. For Company
Registration, click on
“Enroll as a Company”
20 minutes
3. For company ilers with
registered company,
click on “Add Authorized
Filer”
66
Submission of Reports thru OST
TIME
1. Log in at OST with your None None 5 minutes None

username and
password.
2. Select “Forms Module” 20 minutes/doc

to upload the
form/report in pdf. Click
on “upload” button.
20 minutes
3. Fill up the information
based on the data in the
uploaded form/report.
Then click “submit”
1 minute
1. Send initial acceptance Automatic (System

email Within 3 days Generated)
2. Conduct Quality review

of the report submitted Head Of ice Personnel
and send acceptance
noti ication to client
67
TIME
TOTAL None 3 days & 46

minutes
68
13. Petition to Set Aside Order of Revocation or Suspension
Of ice:

1) Veri ied Petition to set aside the Order of No Prescribed format

Revocation or Suspension
3) Latest Due Audited Financial Statements EO Public Assistance
69
Certi icate of Filing or Amended Articles or To be prepared by the Company
By-Laws (if any) together with the latest Articles of
Incorporation and By-Laws To be prepared by the Company
6) Copies of the stock and transfer book or To be prepared by the Company
membership book
7) Secretary’s Certi icate of No Intra-Corporate
Controversy EO Public Assistance
8) Sworn Certi ication by External Auditor To be prepared by the Company
9) Proof of operation for the last 3 to 5 years prior
the iling of Petition to Lift Order of
revocation/suspension:
d. Contracts;
e. Receipts showing payment of Real Estate Tax; To be prepared by the Company
f. Certi ications/Recognitions/Annual
Conventions; or To be prepared by the Company
10) Latest Mayor’s/Business Permit
SEC Legazpi Extension Of ice
11) Certi icate of Registration issued by BIR
12) Certi ication Issued by the Corporate Secretary
that the latest due Financial Statement and Income
Tax Return was received by the SEC and BIR
respectively
70
1. Secure a number 1. Calls the number None 1 minute EO Frontline Staff

through the queuing through the system and
system assists the client
2. Submits the 2. Records the application None 1 minute EO Frontline Staff

requirements to the for pre-processing
Counter Of icer for
pre-processing
2.1. Examines if
documents are
30 minutes
complete in form
2.1.1. If complete,
assigns the
application to
Securities
Counsel
2.1.2. If for
compliance,
prepares
checklist of
de iciencies
and informs
and returns
71
to client. Go
to Step 1.

when to follow up
1 minute
the application
2.3. Examines whether

the documents
submitted are
complete in form 14 days Securities Counsel II
and in substance
2.3.1. If
application is
complete and
in order, the
Securities
Counsel
advises
applicant to
submit 4 sets
of the Petition
to Lift Order
of
revocation/
72
Suspension
together with
the Annexes.
2.3.2. If
application is
for
compliance,
the Securities
Counsel
prepares a
checklist of
de iciencies
and returns it
to the
applicant. Go
to Step 2.3.
73
3. Submits complete 3. Examines whether the None 3 days Securities Counsel II
Petition documents documents submitted
are complete
3.1. If Petition is
complete and in
order, the
Securities Counsel
issues Payment
Assessment Form
(PAF) for Petition
Fees
3.2. If a petition is for

compliance, the
Securities Counsel
prepares a
checklist of
de iciencies and
returns it to the
applicant. Go to
Step 3.
74
4. Pays the iling fees 4. Wait for email Filing Fee: 10 minutes None
noti ication for P3,000.00 (Pay at esPaySEC or
payment con irmation Landbank)
or electronic OR
Handling fee of
P20.00
Legal Research
Fee (LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
notarized
document
75
5. None 5. Prepares draft of None 1 day Securities Counsel II
Memorandum
requesting for
clearance from EIPD
and OGC; and submits
to the EO Director/OIC
for review

Memorandum and
1 day EO Director
the documents
submitted.
5.1.1. If petition
will be
recommende
d to be
4 minutes Securities Counsel II
granted, the
EO Director
signs the EIPD, OGC
Memorandum
to EIPD and Securities Counsel II
OGC
not
76
compliant,
returns the 1 hour
application to
the Securities
Counsel, go to
Step 3; if
Order is not
suf icient, go
to Step 5
6. Send Memorandum to
EIPD and OGC, and wait
for the clearances.
7. Wait for clearance from 1 hour EO Director

EIPD and OGC
7.1. Upon receipt of

clearances from
EIPD and OGC,
draft the Order
granting the 1 hour
petition and
prepares the
Transmittal to be
77
sent to the Head
Of ice

of the Order and
the Transmittal
7.2.1. If the draft

of the Order
and the
Transmittal is
in order, signs Administrative Assistant
the II
Transmittal
Memo
7.2.2. If the draft

of the Order
and
Transmittal
needs
revision,
return the
documents to
the Securities
Counsel for
revision. Go
to Step 7.1.
78
8. Forwards the
Transmittal and the
documents for the
Petition to Lift Order of
Suspension or
to Head Of ice
TOTAL P3,050.00 19 days, 2 hours

and 48 minutes
Documentary
Stamp Tax:
P30.00 per
notarized
document
79
14. Petition for Corrections of Entries in the Articles of Incorporation
and/or By-Laws, and/or Treasurer’s Af idavit and subsequent
Amendment of Domestic Corporation
Of ice:

Pandemic
80
CHECKLIST OF WHERE TO SECURE
REQUIREMENTS
1) Veri ied No Prescribed format. To be prepared by the Company.

Complaint/Petition for No Prescribed format. To be prepared by the Company.
Correction of Entries EO Public Assistance
2) Certi icate of No Forum
SEC Extension Of ice
Shopping

PAID
1. Secure a number through 1. Calls the number None 1 minute EO Frontline

the queuing system through the system Staff/Administrative
and assists the client Assistant II
81
2. Submits the requirements 2. Records the application None 1 minute EO Frontline
to the Counter Of icer for for pre-processing Staff/Administrative
pre-processing Assistant II
2.1. Examines if
documents are
30 minutes
complete in form
2.1.1. If complete,
assigns the
application to
a Securities
Counsel
2.1.2. If for
compliance,
prepares
checklist of 1 minute Securities Counsel II
de iciencies
and informs
and returns
to client. Go
to Step 1.

when to follow up
the application
82
the documents
submitted are
complete in form
and in substance
14 working days Securities Counsel II
2.3.1. If
application is
complete and
in order, the
Securities
Counsel
advises
applicant to
submit 4 sets
of the
Petition
2.3.2. If
application is
for
compliance,
the Securities
Counsel
prepares a
83
checklist of
de iciencies
and returns
it to the
applicant. Go
to Step 2.3.
3. Submits complete Petition 3. Examines whether the None 2 days Securities Counsel II
documents documents submitted
are complete
3.1. If Petition is
complete and in
order, the
Securities Counsel
issues Payment
Assessment Form
(PAF) for Petition
Fees
3.2. If petition is for
compliance, the
Securities Counsel
prepares a
checklist of
de iciencies and
returns it to the
84
applicant. Go to
Step 3.
4. Pays the iling fees 4. Wait for email Filing Fee: 10 minutes None
noti ication for P3,000.00 (Pay at esPaySEC or
payment con irmation Landbank)
or electronic OR
Handling fee of
P20.00
Legal Research
Fee (LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
notarized
document
85
5. None 5. Assigns SEC LEO Order None 3 minutes Administrative Assistant
number and records it II
to the logbook for
of Entries
6. Prepares draft of the

Order granting the 1 day Securities Counsel II
for review of EO
Director

of the Order and 2 days EO Director
the documents
submitted.
to be
granted, the
EO Director
signs the 10 minutes Administrative Assistant
Order
II
86
not
compliant,
returns the
application to
the Securities
Counsel, go
to Step 3; if
Order is not
suf icient, go
to Step 5
7. Informs the client that

the Order and Notice
can be picked up
8. Receives the approved 8.Prepares the Transmittal to None 30 minutes Administrative Assistant
Order and Notice be sent to the Head Of ice II

Documentary and 26 minutes
Stamp Tax:
P30.00 per
notarized
document
87
SEC EXTENSION OFFICE – ILOILO CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
SEC Building, Gen. Hughes St., IloIlo City

TABLE OF CONTENTS
4. Dissolution 23
5. Increase of Capital Stock/10.1 by way of Cash 32
6. Increase of Capital Stock/10.1 through Payment other than Cash 42
7. Issuance of Certi icates of No Derogatory Information/Corporate Status 59
9. Registration of Corporations through SEC - eLECTRONIC SIMPLIFIED PROCESSING OF APPLICATION FOR REGISTRATION OF
COMPANY (SEC - ESPARC) - Simple (2 days) Transaction 66
10. One-day Submission and E-registration of Companies (OneSEC) 81
11. Registration and Issuance of a Certi icate of Authority of a Lending Company 87
12. Petition for Correction of Entries in the Articles of Incorporation and/or By-laws and/or Treasurer’s Af idavit and subsequent
amendments thereof of Domestic Corporations 103
15. Receiving of Reports Through SEC Electronic Filing and Submission Tool (eFAST) 115
1
Corporations.
Division & Department/Of ice SEC Iloilo City Extension Of ice (SEC - IEO)
Classi ication Simple and Complex
Type of Transaction ☐Government to Citizen (G2C)
☒Government to Business (G2B)
☐Government to Government (G2G)
Who may avail All registered domestic corporations through their Authorized Representatives

Basic Requirements (STOCK OR NON-STOCK CORPORATIONS) May secure Checklist of requirements and sample formats from the
-1 set original and 3 sets photocopies Public Assistance and Complaint Desk of the SEC IEO or through the
1. Amended Articles of Incorporation/By-laws with Cover Commission’s website at
Sheet http://www.sec.gov.ph/services-2/company-2/amendment/
2. Directors` or Trustees` Certi icate - notarized and
signed by majority of the directors or trustees and the
corporate secretary, certifying (i) the amendment of
the Articles of Incorporation and indicating the
amended provisions, (ii) the vote of the directors or
trustees and stockholders or members, (iii) the date
and place of the stockholders` or members` meeting;
and (iv) the tax identi ication number of the signatories
which shall be placed below their names
intra-corporate dispute SEC Extension Of ice
2
4. EO Monitoring Of icer Clearance
Additional Requirements Corporate Governance and Finance Department (CGFD)

Markets and Securities Regulation Department (MSRD)
-For Investment company, Financing and Lending
companies, issuers of proprietary or non-proprietary
-For Capital Market Institutions (i.e. Exchange, Broker,
Dealer, Investment House (1 original copy)
BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
2. Endorsement from other government agencies, if applicable GOVERNMENT AGENCIES
(1 original copy)
A. Bank, Pawnshop and other Financial Intermediaries with

If the provision to be amended is the corporate name, submit: Name veri ication slip may be secured manually through the SEC
Extension Of ice by the verifying of icer;
a. Name Veri ication Slip (1 original) with attached
May secure copy from the Public Assistance and Complaint Desk/EO
Payment Assessment Form (PAF) Counter
b. Joint Af idavit of two (2) director, trustees or of icer
3
undertaking to change corporate name. May secure copy from the Public Assistance and Complaint Desk or
may download through the SEC Website at
If the provision to be amended is for registered corporations http://www.sec.gov.ph/forms-and-fees/primary-registration/
increasing its foreign equity to more than 40%, submit:
c..) F-101
If the provision to be amended is for registered corporations

with more than 40% increasing further the percentage of such
May secure copy from the Public Assistance and Complaint Desk or
equity, submit:
may download through the SEC Website at
c.) F-102 http://www.sec.gov.ph/forms-and-fees/primary-registration/
1. If corporate name is for 1. Approves or denies P100.00 per 30 minutes - 1 hour SEC Administrative Of icer II
amendment: proposed name/s or proposed per application
trade name/s corporate/trade
1.1. Fills out Name name/s
Veri ication Forms
(Veri ies, reserves or 1.1. Approves or denies 30 minutes - 1 hour SEC Administrative Of icer II
company name with or appeal for the per application SEC Director
without trade name/s) proposed name/s or
trade name/s
registrant may appeal
for the proposed
corporate name
2. For pre-processing, 2. Accepts documents for None 30 minutes - 1 hour SEC Administrative Assistant II
proceeds to EO Counter assignment to EO per application SEC Administrative Assistant I
for presentation of processors
4
documentary requirements 2.1 Pre-processes assigned 4 hours Securities Counsel II
* application Securities Counsel I
2.1.1 If non-compliant,
compliance
3. Waits for the corporation’s 3. Processes and evaluates None 3 days per SEC Securities Counsel II
name to be called by the application for application SEC Securities Counsel I
assigned EO processor amendment (depending on the
complexity of the
documentary
requirements)
3.1. If compliant, issues SEC Administrative Assistant II
Payment Assessment
Form
4. Pays the iling fee 4. Issues the eOR Filing Fees: Espaysec or LBP On-Coll
Facility
Amendment of
Articles of Inc. or
By-laws : PHP
1,060.00 (*+**+***)
If Amendment of
By-laws: PHP
2,080.00
5
(*+*+**+**+***+*
**)
*Amendment of
Articles of
Incorporation – PHP
1,000.00
Amendment of
By-Laws – PHP
1,000.00
**Documentary
Stamp Taxes – PHP
30.00
***Legal Research
Fee-
for amendment (PHP
10.00)
****Miscellaneous
Fee PHP20.00
Amendment with
corporate/trade
names, with
additional PHP
100.00 per reserved
corporate/trade
name/s
6
Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
5. Proceeds to IEO Counter for 5. Receives and veri ies None 30 minutes-1 hour SEC Administrative Assistant II
presentation of documentary per application SEC Administrative Assistant I
documentary requirements requirements and proofs
with proof of payment of payment
6. Waits for the issuance of 6. Prepares the Certi icate None 30 minutes-1 hour SEC Administrative Assistant II
signed Certi icate of Amended Articles of per application
By-laws
6.1Signs the Certi icate of Securities Counsel II

2-4 hours per EO Director
By-laws
7. Proceeds to EO Counter for 7. Releases signed None 30 minutes-1 hour SEC Administrative Assistant II
presentation of the original Certi icate of Amended per application SEC Administrative Assistant I
proof of payment and receives Articles of Incorporation
the signed Certi icate of and/or By-laws
Amended Articles of
Incorporation and/or By-laws
7
TOTAL P100.00 per 4 working days and
proposed 6 hours from Steps
corporate/trade 1 to 7
name/s
`Filing Fees:
Amendment of
Articles of Inc. or
By-laws : PHP
1,060.00 (*+**+***)
If Amendment of
By-laws: PHP
2,080.00
(*+*+**+**+***+*
**)
*Amendment of
Articles of
Incorporation –
PHP 1,000.00
Amendment of
By-Laws – PHP
1,000.00
8
**Documentary
Stamp Taxes – PHP
30.00
***Legal Research
Fee-
for amendment
(PHP 10.00)
****Miscellaneous
Fee PHP20.00
Amendment with
corporate/trade
names, with
additional PHP
100.00 per reserved
corporate/trade
name/s
Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
9
Classi ication Simple
Type of Transaction ☒Government to Citizen (G2C)
Who may avail All registered partnerships through their Authorized Representatives

Basic Requirements (3 copies with at least 2 of which are May secure Checklist of requirements and sample formats from the
original) Public Assistance and Complaint Desk, or through the Commission’s
1. Cover Sheet; and website through URL
Any of the partner

2. Amended Articles of Partnership
Additional Requirements A. Bank, Pawnshop and other Financial Intermediaries with

1. Endorsement from other government agencies, if Quasi-Banking Functions - Bangko Sentral ng Pilipinas
applicable (1 original) B. Insurance/Mutual Bene it Association/ Health Maintenance
If the provision to be amended is the partnership name,

submit:
10
a. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually at the Public Assistance
b. Af idavit of a partner to change partnership name. and Complaint Desk/ EO Counter
(Not required if already stated in the AP) (1 original; 3 May secure copy from the Public Assistance and Complaint Desk
photocopies) (Ground Floor, IEO Bldg.)
If the provision to be amended is the change of partners,
submit:
Assignee and Assignor Partners
c. Deed of Assignment of partnership interest and or
documents showing withdrawal, resignation,
retirement and death of a partner (1 original; 3
photocopies)
May secure copy from the Public Assistance and Complaint Desk or may
If provision for amendment is to have foreign equity of a download through the SEC Website at
registered partnership, submit:
c.) F-106
May secure copy from the Public Assistance and Complaint Desk or may
download through the SEC Website at
If provision for amendment is to further increase the http://www.sec.gov.ph/forms-and-fees/primary-registration/
foreign equity of a registered partnership, submit:
c.) F-107
1. If partnership name is for 1. Approves or denies P100.00 per 30 minutes-1 hour SEC Administrative Of icer II
amendment: proposed name/s or proposed per application
trade name/s Partnership/trade
name/s
1.1 Fills out Name
Veri ication Forms 30 minutes-1 hour SEC Administrative Of icer II
(Veri ies, reserves or per application SEC Director
11
company name with or 1.1 Approves or denies
without trade name/s) appeal for the proposed
name/s or trade name/s
1.2 If name is rejected,
for the proposed
corporate name
2. For pre-processing, 2. Accepts documents for None 30 minutes-1 hour SEC Administrative Assistant II
proceeds to EO Counter for assignment to EO per application SEC Administrative Assistant I
presentation of documentary processors *
requirements *
2.1 Pre-processes assigned 4 hours Securities Counsel II
application Securities Counsel I
compliance
3. Waits for the partnership’s 3. Processes and evaluates None 3 working days per Securities Counsel II
name to be called by the application for application Securities Counsel I
assigned EO processor amendment (depending on the
complexity of the
documentary
requirements)
12
a. If compliant, issues Securities Specialist II

Payment Assessment SEC Administrative Assistant II
Form
Facility
Amendment of
Articles Partnership:
PHP 2,070.00
(*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes - PHP
30.00
***Legal Research
Fee-
for amendment (PHP
20.00)
***Miscellaneous Fee:
PHP20.00
Amendment with
partnership/trade
names, with
additional PHP
100.00 per reserved
13
corporate/trade
name/s
Amendment with
Deed of Assignment
of Partner’s Interest
– PHP 2,000.00 per
Deed
Amendment of
Partnership with
Increase in Capital –
1/5 of 1% of the
Partnership’s Capital
but not less than
PHP 2,000.00
Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
5. Proceeds to EO Counter for 5. Receives and veri ies None 30 minutes-1 hour SEC Administrative Assistant II
presentation of documentary documentary per application SEC Administrative Assistant I
requirements with proof of requirements and proofs
payment of payment
6. Waits for the issuance of 6. Prepares the Certi icate None 30 minutes-1 hour SEC Administrative Assistant II
signed Certi icate of Amended Articles of per application
Partnership and/or
14
Certi icate of Assignment
of Interest
1.1 Signs the Certi icate of

2-4 hours per Securities Counsel II
Partnership and/or Securities Counsel I
EO Director
Certi icate of Assignment
of Interest
7. Proceeds to EO Counter for 7. Releases signed None 30 minutes-1 hour SEC Administrative Assistant II
presentation of the original Certi icate of Amended per application SEC Administrative Assistant I
proof of payment and receives Articles of Partnership
the signed Certi icate of and/or Certi icate of
Amended Articles of Assignment of Interest
Partnership
TOTAL P100.00 per 4 working days and
proposed 6 hours from Steps
Partnership/trade 1 to 7
name/s
`Filing Fees:
Amendment of
Articles of
Partnership: PHP
2,070.00 (*+**+***)
15
If Amendment of
Articles
Partnership: PHP
2,070.00
(*+*+**+**+***+*
**)
*Amendment of
Articles of
Incorporation 0f
Partnership – PHP
2,000.00
**Documentary
Stamp Taxes – PHP
30.00
***Legal Research
Fee-
for amendment
(PHP 20.00)
****Miscellaneous
Fee PHP20.00
Amendment with
Partnership/trade
names, with
additional PHP
100.00 per reserved
16
Partnership/trade
name/s
Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
17
Ownership
of Ownership.
Classi ication Highly Technical
Who may avail All Partnerships and Corporations duly recorded and registered at Securities and Exchange
Commission, respectively.

1. Duly accomplished request form Public Assistance and Complaint Desk/ EO Counter
Company (Names of stockholders, nationality, no. of shares and
amount subscribed, amount of paid-up capital)
3. Secretary’s Certi icate on non-existence of intra-corporate Downloadable at the SEC website through the following URL:
dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cert
i icate_NonExistence_Corp_Dispute.pdf
18
payment/s to unpaid subscription/s or additional issuance of
shares out of the unissued authorized capital stock thru cash
infusion made after the iscal year or after the approval of the
increase in capital stock not covered by item 4, to be received
by the EO after the application has been reviewed by the
Securities Specialist II / III
6. Monitoring Clearance SEC IEO Extension Of ice
7. Stock and transfer book of the corporation (to be presented To be provided by the Applicant
for veri ication)
1. Submits the requirements 1. Records the application for None 30 minutes-1 hour SEC Administrative Assistant II
to the Counter Of icer for -pre-processing per application SEC Administrative Assistant I
pre-processing
1.1. For irst time
applicants, Assigns the
application to an EO
specialist
1.1.1. Records the

date of submission
and forwards the
application to the
assigned EO
specialist
19
application
Securities Specialist II / III
1.3. Examines whether the 7 working days
documents submitted
and in substance.
complete and in
order, the
assigned EO staff
prepares Final
Report and
submits it to the
EO Director for
review
1.3.2. If the application

is for compliance,
the specialist
prepares a 30 minutes-1 hour Securities Specialist II
checklist of per application SEC Administrative Assistant II
de iciencies and
informs and
returns it to the
20
applicant. Go to
Step 1*
1.3.3. If approved for

iling, prepares
Payment
Assessment Form
(PAF)
2. Receives the Payment 1. Issues Payment None 30 minutes-1 hour Securities Specialist II
Assessment Form Assessment Form per application SEC Administrative Assistant II
(PAF) to the
applicant
3. Pays the corresponding 3. Issues eOR *PHP 1,060 per Espaysec or LBP On-Coll
iling fees copy Facility
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
Miscellaneous Fee:
PHP20.00
4. Submits complete 4. Receives complete None 30 minutes-1 hour SEC Administrative Assistant II
application requirements application requirement per application SEC Administrative Assistant I
for processing together and validated PAF
21
2.1 Prepares Certi icate of 30 – 45 minutes SEC Administrative Of icer II
Paid-up Capital
2.2 Initials the Certi icate of 15-30 minutes Securities Specialist II / III
Paid-up Capital
15-30 minutes
2.3 Signs the Certi icate of IEO Director
Paid-up Capital
2.4 Records the approved 15-30 minutes SEC Administrative Assistant II

Certi icates of Paid-up
Capital
5. Receives the duly 5. Releases the signed None 15-30 minutes SEC Administrative Assistant II
signed Certi icate of Certi icate of Paid-up Capital SEC Administrative Assistant I
Paid-up Capital
TOTAL PHP 1,060.00 / 7 working days, 6
copy hours and 45
minutes from steps
1 to 5
22
4. Dissolution
This service details the procedure on application for dissolution of domestic corporations, whether stock or non-stock.
Who may avail Corporations duly registered at Securities and Exchange Commission

A. Voluntary dissolution where no creditors are IEO Public Assistance or
affected under Section 134 of the RCC Downloadable at the SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet
1. Veri ied Request for Dissolution - signed by the _for_Amendment.pdf
corporation’s duly authorized representative.Cover
Sheet
1. 2. Af idavit and Certi ication by authorized IEO Public Assistance or
representative Against Forum Shopping. Downloadable at the SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_C
erti icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Ce
rti icate.pdf
Supporting Documents: To be prepared and provided by the Company
23
a.) Notarized copy of the board resolution or
directors’/trustees’ certi icate authorizing the dissolution
and designating an authorized representative to ile the
veri ied request for dissolution, signed by a majority of the
board of directors or trustees and countersigned by the
secretary of the corporation;
b.) Publisher’s Af idavit of Publication of the Notice of Meeting;
c.) Latest due General Information Sheet (GIS);
d.) Audited Financial Statements (AFS) as of last iscal year,
except:
1. Where the applicant has ceased operations of at least one
(1) year, submit:
1. AFS as of the last year of operation; and
2. Af idavit of Non–Operation certi ied under oath by
the President and Treasurer.
2. Where the applicant has no operation since
incorporation, submit:
a) Balance Sheet certi ied under oath by the Treasurer
and President;
b) Af idavit of Non–Operation certi ied under oath by
the President and Treasurer;
c) Certi icate of Non-Registration issued by the BIR;
3. Where the applicant corporation (stock or nonstock) is
with total assets or liabilities of less than Six Hundred
Thousand Pesos (Php600,000.00), it shall submit its
Balance Sheet as of last preceding iscal year certi ied
under oath by the President and Treasurer.
e.) Af idavit executed under oath by the President and Treasurer
that:
24
1. That the dissolution is not prejudicial to the interest of
the creditors; and
2. There is no opposition from any creditors from the
time of publication of the notice of dissolution up to the
iling of the dissolution with the Commission.
f.) Bureau of Internal Revenue (BIR) Tax Clearance Certi icate.
g.) Notarized Secretary’s Certi icate of no pending case
involving intra-corporate dispute.
h.) Clearance/Favorable recommendation from other
Departments of the Commission or from the appropriate
regulatory agency, when necessary under Section 4 of SEC
Memorandum Circular No. 5 Series of 2022.
B. Dissolution by shortening of Term and Section 136 of the RCC To be provided by the Company
(whose proposed expiration of the corporation is one year or more
than one year)
1. Cover Sheet;
2. Notarized Directors Certi icate signed by majority of the

directors or trustees and the corporate secretary, attesting
that: 1.) The dissolution by shortening of corporate term
was approved by the majority of the board of
directors/trustees and rati ied by at least 2/3 vote of the
stockholders representing the outstanding capital stock
stock including the holders of non-voting shares/members of
the corporation; 2.) date and place of the stockholders’ or
members’ meeting; and 3.) the tax identi ication number of
the signatories which shall be place below their names;
3. Amended Articles of Incorporation;
25
4. Compliance Monitoring Division (CMD) Monitoring
Clearance;
5. Notarized Secretary’s Certi icate of no pending case
involving intra corporate dispute;
6. Clearance/Favorable recommendation from other
Departments of the Commission or from the appropriate
regulatory agency, when necessary.
C. Dissolution by Shortening Corporate Term under Section 136 To be prepared and provided by the Company
(whose proposed expiration of the corporation term is less than one
year)
1. Cover Sheet;
2. Notarized Directors’ Certi icate signed by majority of the
directors or trustees and the corporate secretary, attesting
that: 1.) The dissolution by shortening of corporate term
was approved by majority of the board of
directors/trustees and rati ied by at least 2/3 vote of the
stockholders representing the outstanding capital stock
stock including the holders of non-voting shares/members of
the corporation; 2.) date and place of the stockholders’ or
members’ meeting; and 3.) the tax identi ication number of
the signatories which shall be place below their names;
3. Amended Articles of Incorporation;
4. Audited Financial Statements (AFS) as of last iscal year,
except:
a. Where the applicant
1.) AFS as of the last year of operation; and
2.) Af idavit of Non–Operation certi ied under oath by
the President
b. Where the applicant has no operation since incorporation,
submit:
26
1.) Balance Sheet certi ied under oath by the Treasurer
and President;
2.) Af idavit of Non–Operation certi ied under oath by
the President and Treasurer;
3.) Certi icate of Non-Registration issued by the BIR
c. Where the applicant corporation (stock or nonstock) is
with total assets or liabilities of less than Six Hundred
Thousand Pesos (Php600,000.00), it shall submit its
Balance Sheet as of last preceding iscal year certi ied
under oath by the President and Treasurer.
5. Af idavit executed under oath by the President and

Treasurer that:
a. The dissolution is not prejudicial to the interest of the

creditors; and
b. There is no opposition from any creditors from the
time of publication of the notice of dissolution up to the
iling of the dissolution with the Commission;
6. Bureau of Internal Revenue (BIR) Tax Clearance Certi icate; BIR
7. Publisher’s Af idavit of Publication of the Notice of Meeting Publisher of a newspaper of general circulation
(once)
8. Notarized Secretary’s Certi icate of no pending case involving EO Public Assistance or Downloadable at the SEC website through
intra-corporate dispute; the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_
Certi icate_NonExistence_Corp_Dispute.pdf
27
9. Clearance/Favorable recommendation from other Departments
of the Commission or from the appropriate regulatory agency,
when necessary.
1. Submits the 1. Receives the None 30 minutes-1 hour per SEC Administrative Assistant II
requirements to the application for application SEC Administrative Assistant I
Receiving Section for Dissolution and
pre-processing forwards the same to
the Records Section
1.1 Retrieves the 1 day per application

corporate ile and
SEC Administrative Of icer II
forwards the same for
assignment
30 minutes-1 hour per
1.2 Assigns the application application SEC Administrative Assistant II
for Dissolution SEC Administrative Assistant I
15 working days
1.3 Examines whether the Securities Counsel II
documents submitted Securities Specialist II
and in substance.
1.3.1 If compliant,
stamps ok for
payment and
request issuance of
PAF.
28
1.3.2 Prepares and

issues PAF.
1.3.3 if application is for

compliance,
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. (Returns
to step 1 for
resubmission)
1.4 Prepares report.

2. Pays the iling fees 2. Issues eOR Espaysec or LBP On-Coll Facility
3. Proceeds to IEO Counter 3. Receives and veri ies None 30 minutes-1 hour per SEC Administrative Assistant II
for presentation of documentary requirements application SEC Administrative Assistant I
documentary requirements and proofs of payment
with proof of payment
4. Waits for the issuance of 4. Prepares the Certi icate of None

signed Certi icate Dissolution
SEC Administrative Assistant II
29
1.1 Prepares Certi icate 30 minutes-1 hour per
application
1.2 Reviews and approves Securities Specialist II

the application 30 minutes-1 hour per Securities Counsel II
application IEO Director
1.3 Forwards the
approved application 30 minutes-1 hour per
to the Releasing application
Section
5. Receives the duly 5. Releases the duly approved None 30 minutes-1 hour per SEC Administrative Assistant II
approved certi icate certi icate application SEC Administrative Assistant I
TOTAL If Stock 16 days and 7 hours

Corporation – from steps 1 to 5
PHP 1,060.00*
If Non-Stock
Corporation –
PHP 560.00*
*Inclusive of Legal
Research Fee of
PHP 10.00,
Miscellaneous Fee
PHP20.00 and
Documentary
30
Stamp Tax of PHP
30.00
31
5. Increase of Capital Stock/10.1 by way of Cash
This service details the procedure on application for increase of capital stock by way of Cash

Downloadable at the SEC website through the following URL:
r_Amendment.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certif
icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi i
cate.pdf
32
present authorized capital stock certi ied under oath by the
corporate secretary
7. Secretary’s Certi icate on non-existence of intra-corporate EO Public Assistance or Downloadable at the SEC website through the
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cert
8. Secretary’s Certi icate on waiver of pre-emptive rights of EO Public Assistance or Downloadable at the SEC website through the
i icate_Waiver_Pre_emptive_Rights.pdf
a) listed companies; downloadable at the SEC website through the following URL:
b) public companies de ined in the Securities Regulation http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s
Code; 2008.pdf
than P50,000,000.00
otherwise,

stockholder/s, treasurer and president for the corporation,
stating the number of additional shares subscribed to and
paid for.
33

a) Notarized Certi ication on payment for subscriptions to
be signed by majority of the rural bank’s Board of Directors
in accordance with the form required by BSP
their respective subscription and payment as presented and
approved by BSP annexed to the notarized certi ication
10. If the foreign equity is increased to more than 40%, Downloadable at the SEC website through the following URL:
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.F
Act*** -100.pdf
Agencies
13. Others
1. Submits the requirements 1. Records the application for None 30 minutes-1 hour SEC Administrative Assistant II
to the Counter Of icer -pre-processing per application SEC Administrative Assistant I
1.1. For irst time

application to an IEO
processor
1.1.1. Records the

date of submission
34
and forwards the
application to the
assigned EO
processor

application
1.3. Examines whether the 15 working days Securities Specialist II / III

documents submitted Securities Counsel I / II
and in substance.
complete and in
order, the 30 minutes-1 hour
specialist prepares per application Securities Specialist II / III
Final Report
1.3.2. If approved for Securities Specialist II

iling, prepares SEC Administrative Assistant II
Payment
Assessment Form
(PAF)
1.3.3. If the application Securities Specialist II / III

is for compliance, Securities Counsel I / II
35
the specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 1
2. Receives the Payment 2. Issues Payment Assessment None 30 minutes-1 hour Securities Specialist II
Assessment Form Form (PAF) to the applicant per application SEC Administrative Assistant II
3. Pays the iling fees 3. Issues eOR 1. Amended Articles Espaysec or LBP On-Coll
of Incorporation – Facility
PHP 1,060*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
36
or the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
without par value –
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value of
the subscribed
capital stock,
whichever is higher
3. LRF -equivalent to
1% of the computed
iling fee for
Increase of Capital
Stock but not less
than PHP 10.00
37
1. Documentary
Stamp tax of PHP
60.00
2. Miscellaneous
Fee: PHP40.00
*Inclusive of LRF of
PHP 10.00
***For Corporations
with FIA Application
- Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
4. Submits complete 4. Receives the complete None 1 hour SEC Administrative Assistant II
application requirements for application requirements SEC Administrative Assistant I
processing together with the and validated PAF and
validated PAF in 4 sets advises the client when to
SEC Administrative Assistant II
4.1 Prepares Certi icate of
30 minutes-1 hour
Increase of Capital Stock
per application
and Amendment of
Articles of
Incorporation Securities Specialist II / III
Securities Counsel I / II
38
4.2 Signs and approves the 1 day EO Director
application
4.3 Forwards the approved

application to the
Releasing Unit
5. Receives the duly approved 5. Releases the duly approved None 30 minutes-1 hour SEC Administrative Assistant II
Certi icate of Increase of Certi icate of Increase of per application SEC Administrative Assistant I
Capital Stock and Amended Capital Stock and Amended
Articles of Incorporation Articles of Incorporation
TOTAL 1. Amended 16 working days
Articles of and 6 hours from
Incorporation – Steps 1 to 5
PHP 1,060*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the subscription
price of the
39
subscribed capital
stock, whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling fee
for Increase of
Capital Stock but
not less than PHP
10.00
40
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
41
6. Increase of Capital Stock/10.1 through Payment other than Cash

2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

BASIC REQUIREMENTS
42
r_Amendment.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certif
icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi i
cate.pdf
present authorized capital stock certi ied under oath by the
corporate secretary
7. Secretary’s Certi icate on non-existence of intra-corporate EO Public Assistance or Downloadable at the SEC website through the
8. Secretary’s Certi icate on waiver of pre-emptive rights of EO Public Assistance or Downloadable at the SEC website through the
i icate_Waiver_Pre_emptive_Rights.pdf
43
9. If the foreign equity is increased to more than 40%, Downloadable at the SEC website through the following URL:
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.F
Act*** -100.pdf
Agencies
12.1 Audited Financial Statements (AFS) as of the last iscal To be provided by the company
year stamped received by BIR and SEC (if the advances
are already re lected therein)
12.2 A report to be rendered by an Independent CPA on the For guidance, refer to Memorandum Circular No. 6 series of 2008
veri ication of the advances to be converted to equity, if downloadable at the SEC website through the following URL:
not re lected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2
008.pdf
12.3 Deed of Assignment of advances / liabilities To be provided by the Company
13. Stock Dividends
13.1 List of stockholders entitled to stock dividend with their To be provided by the Company
respective outstanding shares and the allocation of stock
dividend certi ied by the corporate secretary
13.2 Audited Financial Statements as of the last iscal year To be provided by the Company
13.3 Secretary’s Certi icate that on the basis of the To be provided by the Company
stock dividends as indicated in the Certi icate of Increase
is in proportion to the shareholdings of stockholders as
of date of meeting approving the dividend declaration or
44
as of record date and the treatment of resulting
fractional shares, if any, are true and correct
13.4 Secretary’s Certi icate on the Board’s resolution to To be provided by the Company
13.5 Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series of
2008 downloadable at the SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-11s2
008.pdf
14.1 Detailed schedule of property showing the registered To be provided by the Applicant.
number and the basis of transfer value (market value,
assessed value or zonal value) certi ied by the company
accountant
14.2 Copy of TCT/CCT and tax declaration sheet certi ied by To be provided by the Applicant.
Register of Deeds and Assessor’s Of ice, respectively
14.3 Latest zonal valuation certi ied by BIR, if transfer value is To be provided by the Applicant.
based on zonal value
14.4 Appraisal report by a licensed real estate appraiser, if To be provided by the Applicant.
than 6 month old)
14.5 Deed of Assignment To be provided by the Applicant.
14.6 If property is mortgaged, submit mortgagee/creditor’s To be provided by the Applicant.
certi ication on the outstanding loan balance and his/her
written consent to the transfer of property
14.7 For assignment of buildings where assignor is not the To be provided by the Applicant.
owner of the land, submit the lease contract on the land
and consent of the land owner to the transfer
45
14.8 Certi ication from the transferor stating that the To be provided by the Applicant.
owner of the land, submit the lease contract on the land For guidance, please refer to Memorandum Circular No. 14 series of
and consent of the land owner to the transfer 2013 downloadable at the SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.1
4-s2013.pdf
15. Untitled Lands
15.1 Certi ication of the Barangay Chairman where the To be provided by the Applicant.
property owners or possessors, attesting that the subject
land had been in the possessor’s open, peaceful,
continuous and uninterrupted exclusive possession in
the concept of an owner for at least thirty (30) years and
the possessor had introduced improvements thereon, if
any
15.2 Duplicate original or certi ied true copies of the tax To be provided by the Applicant.
declaration sheets
15.3 Latest realty tax receipts To be provided by the Applicant.
15.4 Af idavit by the transferor attesting continuous and open To be provided by the Applicant.
possession of the property is located
15.5 Af idavit of Non-Tenancy executed by Barangay Chairman To be provided by the Applicant.
of place where the property is located
15.6 Duplicate original or certi ied true copies of any deed, To be provided by the Applicant.
conveyance, mortgage, lease or other voluntary
Register of Deeds for the province of city where the land
is situated
15.7 Af idavit executed by the transferor attesting to the: To be provided by the Applicant.
46
a. Existence (or non-existence) of easements over the
untitled property
b. Kind/description of the easement and its location
c. Whether the transferor is the dominant estate or the
servient estate, by virtue of such easements
15.8 Under oath undertaking of the transferor/subscriber to To be provided by the Applicant.
answer for any liability that the corporation might incur
by virtue of the acceptance of said property as paid-up
capital
15.9 Clearance or certi ication from the Department of To be provided by the Applicant.
a. There is no other claimant to the untitled land
b. it has not issued any Certi icate of Land Ownership
Award (CLOA) over the property to any other party or
c. The land is exempt from the coverage of the
Comprehensive Agrarian Reform Program (CARP)
15.10 Blue Print Survey of the Plan as approved by the To be provided by the Applicant.
Bureau of Lands
15.11 Detailed schedule of the property showing its registered To be provided by the Applicant.
owner, location, area, tax declaration number and the
basis of transfer value (market value/ assessed value /
zonal value or appraised value)
15.12 Latest zonal valuation certi ied by BIR, if transfer value To be provided by the Applicant.
is based on zonal value
15.13 Appraisal report by authorized appraiser, if transfer To be provided by the Applicant.
month old)
15.15 Af idavit of undertaking to submit certi ied true copy of To be provided by the Applicant.
the original certi icate of title in the name of the
47
transferee-corporation within one (1) year from the date
of receipt of the approval of the application
16.1 Detailed schedule of property showing the description To be provided by the Applicant.
and the basis of transfer value (market value or book
16.2 Special Audit Report by an Independent CPA on the To be provided by the Applicant.
veri ication and valuation of property, if transfer value is
based on book value
17.1 Detailed schedule of the property showing the To be provided by the Applicant.
company accountant
17.2 Appraisal report by authorized appraiser (not more To be provided by the Applicant.
than 6 months old). If the property is imported, valuation
report with description of the property) by the Bangko
Sentral Ng Pilipinas.
18. Shares of Stock
18.1 Detailed schedule of the shares of stock showing the To be provided by the Applicant.
stockholder, stock certi icate number, no. of shares and
the basis of transfer value (market or book value)
18.2 Audited inancial statements of the investee company as To be provided by the Applicant.
of the last iscal year received by BIR and SEC
48
18.4 Certi ication by the Corporate Secretary of the investee To be provided by the Applicant.
company that the shares are outstanding in the name of
the assignor
18.5 Photocopy of the stock certi icate (present original for To be provided by the Applicant.
veri ication)
18.6 Latest market price quotation in the newspaper or To be provided by the Applicant.
certi ication from the stock exchange/broker as to latest
market price of the shares of stock (if listed in the Stock
Exchange)
18.7 Af idavit of undertaking to submit the required proof of To be provided by the Applicant.
transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of
2013 downloadable at the SEC website through the following URL:
4-s2013.pdf
19. Motor Vehicles
19.1 Detailed schedule of the motor vehicle showing the To be provided by the Applicant.
registered owner, make/model, plate number, chassis
number, motor number, certi icate of registration
number and market value certi ied by the company
accountant
19.2 Photocopy of certi icate of registration and of icial To be provided by the Applicant.
receipt of annual registration fee (present original for
veri ication)
than 6 month old)
19.5 Af idavit of undertaking by an of icer of the corporation To be provided by the Applicant.

to submit the required proof of transfer within the For guidance, please refer to Memorandum Circular No. 14 series of
prescribed period 2013 downloadable at the SEC website through the following URL:
49
4-s2013.pdf
19.6 Certi ication from the transferor stating that the motor To be provided by the Applicant.
vehicles are existing and in good running condition
20.1 Detailed schedule of vessel/aircraft showing registered To be provided by the Applicant.
Owner, registry number, technical description and
appraised value certi ied by the company accountant
20.2 Certi ied true copy of the certi icate of ownership To be provided by the Applicant.
than 6 month old)
20.4 Certi icate of seaworthiness/airworthiness issued by To be provided by the Applicant.
4-s2013.pdf
21. Intangibles
21.1 Photocopy of System Purchase Agreement or any proof To be provided by the Applicant
of ownership (for software)
21.2 Copy of Certi icate of Registration of Intellectual To be provided by the Applicant
claims/rights
21.3 Appraisal report by an accredited appraisal company or To be provided by the Applicant
by a licensed Filipino mining engineer for mining
50
21.4 Deed of Assignment To be provided by the Applicant
21.5 Af idavit of undertaking by an of icer of the company to To be provided by the Applicant.
submit proof of transfer of ownership within the For guidance, please refer to Memorandum Circular No. 14 series of
4-s2013.pdf
22. Net Assets
22.1 Audited inancial statements (AFS) of the applicant To be provided by the Applicant
corporation as of the last iscal year received by BIR and
SEC
22.2 Audited inancial statements of single proprietorship / To be provided by the Applicant
partnership / division of corporation (for spin-off) as of
last iscal year
22.3 Long-form audit report of item no. 22.2 To be provided by the Applicant
22.4 Deed of Assignment of the assets and liabilities To be provided by the Applicant
22.5 List of creditors with the amount due to each creditor as To be provided by the Applicant
of date of the AFS certi ied by the auditor or certi ied
under oath by the company accountant and written
consent of creditors
22.6 Detailed schedule of properties with certi icate of To be provided by the Applicant
22.7 Photocopy of the certi icate of registration of the motor To be provided by the Applicant
vehicles (present original for veri ication)
22.8 Copy of TCT/CCT and tax declaration sheets certi ied by To be provided by the Applicant
the Register of Deeds and Assessor’s Of ice, respectively
22.9 Photocopy of stock certi icates (present original for To be provided by the Applicant
veri ication)
22.10 DTI Certi icate of Registration (for single proprietorship) To be provided by the Applicant
51
4-s2013.pdf
1. Submits the requirements 1. Records the application for None 30 minutes - 1 hour SEC Administrative Assistant II
to the Counter Of icer -pre-processing per application SEC Administrative Assistant I
1.1 For irst time

application to an IEO
processor
1.1.1 Records the date of

submission and
forwards the
application to the
assigned EO
processor
1.2 Advises the client when

to follow up the 15 working days Securities Specialist II /III
application Securities Counsel I / II
1.3 Examines whether the

documents submitted
and in substance.
52
1.3.1 If application is
complete and in
order, the specialist
prepares Final
Report 30 minutes - 1 hour Securities Specialist II
per application SEC Administrative Assistant II
1.3.2 If approved for
iling, prepares
Payment
Assessment Form
(PAF) Securities Specialist II / III
1.3.3 If application is for
compliance, if
application is for
compliance,
specialist prepares
a checklist of
de iciencies and
informs and returns
it to the applicant.
Go to Step 1
2. Receives the Payment 2. Issues Payment Assessment None 30 minutes - 1 hour Securities Specialist II
Assessment Form Form (PAF) to the per application SEC Administrative Assistant II
applicant
53
3. Pays the iling fees 3. Issues eOR 1. Amended Articles Espaysec or LBP On-Coll
of Incorporation – Facility
PHP 1,060*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
the subscribed
54
capital stock,
whichever is higher
1% of the computed
iling fee for
Increase of Capital
Stock but not less
than PHP 10.00
1. Documentary
Stamp tax of PHP
60.00
2. Miscellaneous
Fee: PHP40.00
PHP 10.00
***For Corporations
- Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
4. Submits complete 4. Receives the complete None 1 hour SEC Administrative Assistant II
application requirements application requirements SEC Administrative Assistant I
for processing together and validated PAF and
55
with the validated PAF in 4 advises the client when to
sets follow up its status
30 minutes - 1 hour SEC Administrative Assistant II
4.1 Prepares Certi icate of per application
Increase of Capital
Stock and Amendment
of Articles of
Incorporation
1 day Securities Specialist II / III
4.2 Signs and approves the Securities Counsel I / II
application EO Director

application to the
Releasing Unit
5. Receives the duly 5. Releases the duly approved None 30 minutes - 1 hour SEC Administrative Assistant II
approved Certi icate of Certi icate of Increase of per application SEC Administrative Assistant I
Increase of Capital Stock Capital Stock and Amended
and Amended Articles of Articles of Incorporation
Incorporation
TOTAL 1. Amended 16 working days and
Articles of 6 hours from Steps
Incorporation – 1 to 5
PHP 1,060*
Plus
2. Increase of
Capital Stock -
56
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00
or the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per
share but not less
than PHP 3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling fee
57
for Increase of
Capital Stock but
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
58
7. Issuance of Certi icates of No Derogatory Information/Corporate Status
Who may avail All Registered Partnerships, Domestic Corporations, and Licensed Foreign Corporations

Monitoring Clearance (1 photocopy) unless requested by a

third party SEC EO
* Primary Licenses CGFD
* Lending CGFD
* Foundation
For Corporations with Secondary Licenses, attach the Articles Corporate Secretary or at www.secexpress.ph
of Incorporation or latest Amended Articles of Incorporation, if
any
For Partnerships, attach the Articles of Partnership or latest
1. Waits for the processing of 1. Receives application Certi ication Fee – 30 minutes SEC Administrative Assistant II
request PHP 500.00 SEC Administrative Assistant I
59
1.1. Receives the PAF and
pays to the SEC 1.1 Evaluate attachments Documentary Stamp 1 hour SEC Administrative Of icer II
Cashier. Tax – PHP 30.00
2.1. Veri ies the status of 1 hour
corporation through
ODRS.
cleared, a Payment
Assessment Form
is issued to
applicant with
instruction to pay
at Espaysec or
LBP On-Coll
Facility
2.1.2. If not cleared in

On-Line Document 1 Hour
Retrieval System
(ODRS), requires
the party to
submit the latest
annual reports.
.

No Derogatory 30 minutes per SEC Administrative Of icer II
Information. document
60
2.3. Reviews the

application and signs 30 minutes per IEO Director
the Certi icate of No document
Derogatory
Information.
2. Receives the certi ication 2. Seals the Certi icate of No None 30 minutes per SEC Administrative Of icer II
Derogatory Information document
with the SEC logo
2.1 Releases the Certi icate

of No Derogatory
Information (CNDI) to
the applicant.
TOTAL PHP 530.00 5 hours from steps 1
to 2
61
Commission.
Of ice or Division: SEC Iloilo City Extension Of ice (SEC - IEO)

☐Government to Business (G2B)
☒Government to Government (G2G)
Who may avail Transacting Public


TIME
1. Fills out Freedom of 1. Receives the FOI Form None 30 minutes SEC Administrative Assistant
Information (FOI) Form per document II
1.1. Forwards to SEC Administrative Assistant
concerned EO staff I
62
2. Waits to process the 2. Prepares the requested None 30 minutes – 1 SEC Administrative Assistant
request documents hour II
per document SEC Administrative Assistant
I
2.1. Requests the SEC Administrative Of icer II
issuance of the 30 minutes
Payment Assessment per document Securities Specialist II
Form (PAF) SEC Administrative Assistant
II
2.2. *If plain copy, prints
the documents

copy, prints and 1 hour and 30
stamps the minutes
documents
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal
Revenue (BIR),
Government
Service
Insurance
System (GSIS)
and other
government
63
TIME
agencies, do not
issue PAF
2.4. For private

companies and
individuals, issues
PAF
3. Pays the assessed fees 3. Issues eOR PHP 10.00 per Espaysec or LBP On-Coll
page if Facility
downloaded
copies plus
documentary
stamps per set
and borrowing fee
of PHP50.00
PHP 100 per

Articles of
Incorporation and
PHP 100 per By
Laws; PHP 50 per
GIS
4. Waits for the release of 4. Signs the authenticated None 1 hour per SEC Administrative Of icer II
authenticated documents copies document
5. Receives the 5. Releases the None 30 minutes SEC Administrative Of icer II
authenticated copies authenticated copies per document
64
TIME
TOTAL PHP 10.00 per 5 hours from

page if steps 1 to 5
downloaded
copies plus
documentary
stamps per set
and borrowing
fee of PHP50.00
PHP 100 per

Articles of
Incorporation
and PHP 100 per
By Laws; PHP 50
per GIS
65
9. Registration of Corporations through SEC - eLECTRONIC SIMPLIFIED
PROCESSING OF APPLICATION FOR REGISTRATION OF COMPANY (SEC -
ESPARC) - Simple (2 days) Transaction
The SEC - ESPARC is a facility to cater application for registration of One Person Corporation (OPC) and Domestic corporations
(stock and non-stock) with 2 or more incorporators who may either be natural person, partnership, association or
corporations, singly or jointly with others but not more than ifteen (15) in number. The system allows the applicant or his
duly appointed representative to submit the proposed company name and input details of the articles of incorporation for
review of the Commission. Aside from this, applications for the recording of partnerships and license to do business for
foreign corporations are now available in the ESPARC.
Of ice or Division: SEC Iloilo Extension Of ice (SEC-IEO)
Classi ication: Simple
Type of Transaction: G2C – Government to Citizen
Who may avail: All natural and juridical persons and their representatives
66
For Stock corporation
1. Cover Sheet* ESPARC-generated
2. Articles of Incorporation (AI)*
2.1. Tax Identi ication Numbers (TIN) of
Filipino incorporators, directors,
stockholders including corporate
subscribers (to be written in the Articles
of Incorporation and applicable
document/s)
2.2. Tax Identi ication Numbers (TIN) or
passport numbers of foreign
incorporators, directors and stockholders
(to be written in the Articles of ESPARC -generated
Incorporation and applicable document/s) ESPARC -generated
3. Treasurer’s Af idavit* (in case not incorporated ESPARC -generated
in the
Articles of Incorporation)
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form Sample forms of Cover Sheet, Joint Af idavit of Undertaking to Change
(F-100),* if more than 40% foreign equity Name and Af idavit of Relinquishment available at the SEC website at
www.sec.gov.ph
6. Authenticated/Apostilled Articles of
Incorporation and By-Laws and supporting Parent Company of the Foreign Corporation and Philippine
documents, if the same were executed in a Embassy/Consulate
foreign jurisdiction.
7. Endorsement/Clearance from other government
agencies, if applicable.
8. Endorsement/Clearance from other departments
of the SEC, if applicable.
67
9. Endorsement/Clearance from a) Philippine Other requirements must be secured by the registrant from the
Economic Zone Authority (PEZA); b) Subic Bay appropriate government agency or SEC department, or to be supplied by
Metropolitan Authority (SBMA) or Clark the registrant, if applicable
Development Corporation (CDC); and/or c)
Cagayan Economic Zone Authority (CEZA), if
applicable;
10. Board Resolution/Certi ication for incorporators
which are juridical entities.
11. Other requirement/s as may be required by the
IEO Director
*4 sets of originally signed and

notarized/authenticated hard copies to be received
by the IEO Receiving Unit.
For non-stock religious’ aggregates

1. Af idavit of Af irmation/Veri ication by the chief
priest, rabbi, minister, or presiding elder *not ESPARC -generated
required if already part of the Articles of
Incorporation
For foundation
Banks
1. Notarized certi icate of bank deposit of the
contribution, which shall not be less than P1,000,000.00
ESPARC -generated
2. Statement of Willingness to allow the Commission
to conduct an audit
68
For federation
1. List of Member-Associations certi ied by the Corporate Secretary
Corporate Secretary
For confederation
2. List of Member-Federations certi ied by the Corporate Secretary
Corporate Secretary
For condominium corporation/association

1. Notarized Copy of the Master Deed with primary Condominium Developer and Register of Deeds
entry of the Register of Deeds
2. Certi ication that there is no existing similar Applicant Condominium Corporation/Association to be executed by the
condominium association within the Corporate Secretary
condominium project
For corporations with Less than Five (5)

Incorporators ESPARC-generated
● Cover Sheet
● Articles of Incorporation (for stock and
non-stock corporations) ESPARC-generated
● By-Laws (for stock and non-stock corporations) ESPARC-generated
● Foreign Investments Act Form 100 (for stock
corporations with more than 40% foreign
equity) whose paid-up capital is CASH
69
For One Person Corporation (OPC)
· Cover Sheet
· Articles of Incorporation
ESPARC-generated
· Acceptance letter of the Nominee and Alternate
Nominee
For Partnerships
Cover Sheet ESPARC-generated

Signed & notarized Articles of Partnership ESPARC-generated
● Tax Identi ication Numbers (TIN) of Filipino partners
including domestic partnership (to be written in the Bureau of Internal Revenue (BIR)
Articles of Partnership and applicable document/s)
● Tax Identi ication Numbers (TIN) or passport
numbers of foreign partners (to be written in the Bureau of Internal Revenue (BIR)
Articles of Partnership and applicable document/s)
● Proof of existence of foreign company (if a partner in
the partnership agreement is signed in the home http://www.sec.gov.ph/wp-content/uploads/2015/01/Minimum-Paid-
country) Up-Capital_Final1.pdf
● Board Resolution of the Foreign Company authorizing
it to be a partner in a Contract of Partnership
(Authenticated/Apostilled Document) and designating
the authorized signatures
● Minimum paid-up
70
If there are one (1) or more foreign partners ESPARC-generated
Signed & notarized F-105 (Foreign Investments Act
Application Form)
If documents were signed in a foreign jurisdiction,
Authenticated/Apostilled Articles of Partnership and/or Philippine Embassy/Consulate
F-105 (1 original; 2 photocopies)
If applicable, Endorsement/Clearance from other BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
government agencies, if applicable (1 original, 2 GOVERNMENT AGENCIES
photocopies)


Pilipinas
*Please be informed to arrange in accordance with the order in the checklist in 1 original and 2 photocopies

PAID TIME
1. Proceeds to application form at 1. Veri ies proposed None ESPARC - Generated
https://esparc.sec.gov.ph/applicatio company name
n
1.1 Veri ies, reserves, or 1.1. System

appeals the proposed company approves/denies
name including trade or the proposed
business names, if applicable company name in
71
accordance with
1.1.1. If approved, proceed with Memorandum
the encoding of company Circular No. 13,
information series of 2019
1.1.2. If denied, avails of online

appeal of rejected names
by uploading appeal letter
and/or supporting
documents in step 1.4 ESPARC - Generated
1.2. Receives OTP (One Time

Passcode) through Email
1.3. Encodes Company

details/information
1.4. Submits online application and ESPARC - Generated

uploads name appeal 1.2. System
document/s and other acknowledges
pre-de ined additional submission of
requirements documents
1.5. Receives application Reference

Number
2. Waits for the evaluation of 2. Veri ies proposed None 4-8 hours SEC Administrative Of icer II
submitted documents company name and SEC Administrative Assistant
evaluates uploaded II
documents Securities Counsel I / II
Securities Specialist I / II /
III
72
3. Receives noti ication through email 3. System issues None
compliance e-mail ESPARC - Generated
3.1. If for compliance, opens the alert if the documents
existing application using the are incomplete or
application reference number with de iciencies
provided and complies the
de iciencies and/or completes 3.1. Issues Payment ESPARC - Generated
the requirements Assessment Form
(PAF) if the
3.2. If compliant, receives the documents are
Payment Assessment Form complete and in
(PAF) order
4. Pays the registration fees speci ied 4. Issues eOR Espaysec or LBP On-Coll
in Facility
the Payment Assessment Form
(PAF).
5. Proceeds to the EO Counter and 5. Checks the submitted 30 minutes - 1 SEC Administrative Assistant
submits four (4) sets of originally proof of payment and hour II SEC Administrative
signed and notarized/authenticated documentary Assistant I
registration documents. Presents requirements,
and submits 4 copies of the digital receives hard copies
COI, copy of the proof of payment of of Registration
the assessed registration fees Documents and
prints Certi icate of
Incorporation
5.1. Assigns the ESPARC 1 – 2 hours SEC Administrative Of icer II

application to Post SEC Administrative Assistant
Audit Reviewers II
Securities Counsel II
73
5.1.1 If compliant, Securities Specialist I / II /
forwards the III
documents to the
cashier for
validation in case 15-30 minutes IEO Cashier
payment was made
other than over
the counter and
forwards the same
to the receiving
section
15-30 minutes Securities Counsel II
5.1.2 If incomplete Securities Specialist I / II /
and/or III
non-compliant,
send notice of
compliance
through email.
5.1.3 Reviews, signs 1 hour SEC Director

and forwards the
approved
certi icate to the
Releasing Section
6. Proceeds to the EO Releasing 6. Releases Certi icate 30 minutes -1 SEC Administrative Assistant
Section and presents proof of payment to the applicant hour and 30 II SEC Administrative
to claim the Certi icate of Incorporation minutes Assistant I
TOTAL a) Articles of 1 day, 6 hours

Incorporation, and 30
Stock Corp.,
74
with par minutes from
value: 1/5 of steps 1 to 6
1% of the
authorized
capital stock
or the
subscription
price of the
subscribed
capital stock,
whichever is
higher, but not
less than PHP
2,000.00 plus
1% Legal
Research Fee
(LRF) but not
less than PHP
20.00.
Miscellaneous
Fee: PHP20.00
Stock corp.,
without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
PHP 100 per
share of the
75
subscription
price of the
subscribed
capital stock,
whichever is
higher but not
less than PHP
2,000.00 plus
1% LRF but
not less than
P20.00;
Miscellaneous
Fee: PHP20.00
Articles of
Incorporation
for non-stock
corporation:
PHP1,060.00
inclusive of
LRF,
Miscellaneous
Fee and
Documentary
stamp
b) By-Laws for
both stock and
non-stock
corporations::
PHP 1,030.00,
inclusive of
LRF,
76
Miscellaneous
Fee
c) Application
under the
Foreign
Investments
Act (FIA) –
PHP 3,030.00
inclusive of
LRF
For OPC
based on the
authorized
capital stock:
With par
value: 1/5 of
1% of the
authorized
capital stock
but not less
than PHP
2,000 or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
77
1% of the
authorized
capital stock
computed at
PHP 100 per
share but not
less than PHP
2,000 or the
issue value of
the subscribed
capital stock
whichever is
higher
Foreign
Investments
Act (FIA)
Form 100: PHP
3,000.00
Company
Name
Reservation:
PHP 100.00
Each
additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax:
PHP 30.00
78
Legal
Research Fee
(LRF): 1% of
the Filing Fee
but not less
than Ten
Pesos (PHP
10.00) and
Miscellaneous
Fee:PHP20.00
a) Articles of
Partnership:
1/5 of 1% of
the
Partnership’s
capital but not
less than PHP
2,000.00 plus
1% Legal
Research Fee
(LRF) of not
less than PHP
20.00. and
Miscellaneous
Fee:PHP20.00
c) Name
reservation:
PHP 100.00 for
each
partnership
79
name and
trade name, if
applicable;
c)
Documentary
Stamp – PHP
30.00
d) Application
under the
Foreign
Investments
Act (FIA) –
PHP 3,000.00
80
10. One-day Submission and E-registration of Companies (OneSEC)
The One day Submission and E-registration of Companies (OneSEC) is a subsystem of the ESPARC that is currently catering to
registration applications of DOMESTIC STOCK corporations which may be a ONE PERSON CORPORATION or CORPORATION
with 2 to 15 incorporators, board of directors, and stockholders. This ESPARC subsystem is considered “pass through” since it
only requires minimal encoding of data on the part of the registrants, as most of the company information is already
pre- illed. The OneSEC processing is completely seamless and fully automated in the absence of human intervention on the
part of the Commission starting from the name veri ication on the proposed corporate name, until the issuance of the digital
copy of the Interim Certi icate of Incorporation.
Type of Transaction ☒Government to Citizen (G2C)
☐Government to Business (G2B)
Who may avail All natural and juridical persons and their representatives

1. Cover Sheet*
2. Articles of Incorporation (AI)*
2.1. Tax Identi ication Numbers (TIN) of Filipino OneSEC-generated
incorporators, directors, stockholders
3. By-Laws*
*4 sets of originally signed and notarized/authenticated

hard copies to be received by the IEO Receiving Unit.
81
1. Proceeds to application 1. Veri ies proposed company None n/a System-generated
form at name
https://esparc.sec.gov.ph/appl
ication-one-sec/overview
(ONESEC PROCESSING OF
ESPARC)
1.1 Validates
1.1 Veri ies, reserves information and
the proposed acknowledges
company name submission of
documents
1.2 Receives the One
Time Passcode
through email
1.3 Encodes and

submits Company
details/information
2. Proceeds to Online Payment Processes online payment a) Articles of n/a System-generated

transaction and provides Incorporation, Stock
2.1 Pays through the Corp., with par
Electronic Of icial Receipt
SEC Online payment portal value: 1/5 of 1% of
https://espaysec.sec.gov.ph/p the authorized
ayment-portal/home capital stock or the
2.2 Prints Con irmation subscription price of
Receipt. Downloads and print the subscribed
the eLectronic Of icial Receipt capital stock,
(eOR) whichever is higher,
82
but not less than
2.3 Downloads and PHP 2,000.00 plus
prints the Digital Certi icate of 1% Legal Research
Incorporation Fee (LRF) but not

par value: 1/5 of
1% of the
authorized capital
stock computed at
PHP 100 per share
of the subscription
price of the
subscribed capital
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than P20.00;
b) By-Laws: PHP
1,020.00, inclusive
of LRF;
c) Name
reservation: PHP
100.00 for each
corporate name and
trade name, if
applicable;
83
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
Investments Act
(FIA) – PHP
3,000.00
3. Proceeds to the EO 3. Checks the submitted proof None 30 minutes -1 hour SEC Administrative Of icer II
Counter and submits of payment and and 30 minutes per SEC Administrative Assistant II
four (4) sets of originally documentary application SEC Con idential Assistant III
signed and requirements, receives
notarized/authenticated hard copies of Registration
registration documents. Documents and prints
Presents and submits 4 Certi icate of
copies of the digital COI, Incorporation.
copy of the proof of
payment of the assessed
registration fees 4. Veri ies company name 30 minutes-1 hour SEC Administrative Of icer II
and assigns the OneSEC per application SEC Administrative Assistant II
application to Post Audit
Reviewers
84
4. Receives the Original Releases the Certi icate 30 minutes -1 hour SEC Administrative Of icer II
system-generated Certi icate and 30 minutes per SEC Administrative Assistant I
of Incorporation application / II
SEC Con idential Assistant III
TOTAL a) Articles of 4 hours from steps

Incorporation, Stock 1 to 4
Corp., with par
value: 1/5 of 1% of
the authorized
the subscribed
capital stock,
but not less than
PHP 2,000.00 plus
1% Legal Research
Fee (LRF) but not

par value: 1/5 of
1% of the
authorized capital
stock computed at
85
PHP 100 per share
of the subscription
price of the
subscribed capital
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than P20.00;
b) By-Laws: PHP
1,020.00, inclusive
of LRF;
c) Name
reservation: PHP
100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
Investments Act
(FIA) – PHP
3,000.00
86
11. Registration and Issuance of a Certi icate of Authority of a Lending
Company
This service details the procedure and documentary requirements for the registration and issuance of certi icate of authority
to a corporation which will engage in the business of a lending investor in accordance with the provisions of Republic Act No.
9474 or the Lending Company Regulation Act of 2007.
Who may avail: All
Issuance of Primary License (1 original, 3 Issuance of Primary License (1 original, 3 photocopies)

photocopies)
1. Cover Sheet System-generated at crs.sec.gov.ph
2. Articles of Incorporation (AI) with Tax System-generated at crs.sec.gov.ph

Identi ication Numbers (TIN) of Filipino
incorporators, directors, stockholders including
corporate subscribers (to be written in the
87
Articles of Incorporation and applicable
document/s) and/or Tax Identi ication Numbers
(TIN) or passport numbers of foreign
incorporators, directors and stockholders (to be
written in the Articles of Incorporation and
applicable document/s)
3. Treasurer’s Af idavit with waiver to examine System-generated at crs.sec.gov.ph

and verify bank deposit
4. By-Laws System-generated at crs.sec.gov.ph
5. Foreign Investments Act (FIA) Application System-generated at crs.sec.gov.ph

Form (F-100), if more than 40% foreign equity
6. Joint Af idavit of Undertaking to Change Name Incorporator or

(in case not incorporated in the Articles of http://www.sec.gov.ph/wp-content/uploads/2015/07/2019_FormsUnde
Incorporation) rtakingtoChangeName.pdf
7. Af idavit of Relinquishment (in case the Foreign Treasurer

treasurer is a foreigner and the business
activity of the registrant is a
partly-nationalized activity
8. Authenticated/Apostilled Articles of Consulate/Embassy

Incorporation and By-Laws and supporting
documents, if the same were executed in a
foreign jurisdiction
9. Endorsement/Clearance from other Bangko Sentral ng Pilipinas - Bank, Pawnshop and other Financial
government agencies, if applicable Intermediaries with Quasi-Banking Functions, Money Changer and
Remittance Services
88
Insurance Commission - Insurance/Mutual Bene it Association/ Health
Maintenance Organization
10. Endorsement/Clearance from other For Investment company, Financing and Lending companies, issuers of
departments of the SEC, if applicable proprietary or non-proprietary membership (i.e. golf clubs), listed and
public companies and foundation (Corporate Governance and Finance
Department
For Capital Market Institutions (i.e. Exchange, Broker, Dealer, Investment
House (Markets and Securities Regulation Department)
11. Endorsement/Clearance/Certi icate of Philippine Economic Zone Authority (PEZA)

Authority Subic Bay Metropolitan Authority (SBMA)
Clark Development Corporation (CDC)
Cagayan Economic Zone Authority (CEZA)
12. Certi icate of Incorporation and Articles of Company

Incorporation or latest General Information
Sheet (GIS) of any corporate subscriber
13. Proof of existence of foreign corporate Articles of Association

subscriber/s
14. Notarized Bank Certi icate of Deposit of the Any Philippine Banks
Paid-up Capital
15. Issuance of Certi icate of Authority to Operate

as a Lending Investor/Lending Company
under the provisions of R.A. 9474, or the
Lending Company Regulation Act of 2007 (1
original, 3 photocopies)
89
Application Form to Operate as a Lending http://www.sec.gov.ph/forms-and-fees/secondary-license/
Investor/Lending Company
1. Information Sheet http://www.sec.gov.ph/forms-and-fees/secondary-license/
2. Valid NBI Clearance of all incorporators and National Bureau of Investigation (NBI)
stockholders with right thumb print and
signature
3. For Foreign Directors and Of icers, Bureau of Immigration

a. Photocopy of Alien Certi icate of
Registration Card (ACR) or Immigrant
Certi icate of Residence Card (ICR)
b. Photocopy of Passport showing valid
visa or stay in the Philippines
c. Clearance from the Bureau of
Immigration
4. Sworn Statement with stamped received by

AMLD-EIPD pursuant to SEC Memorandum
Circular No. 29, Series of 2020 and SEC
Memorandum Circular No. 4, Series of 2021
5. Board Resolution on the Adoption of the Board of Directors

Manuals, certi ied by the Corporate Secretary
1. Creates an account 1. System sends None 10 minutes (under normal System-generated
in the Company veri ication circumstances, i.e. system
Registration con irmation to allow is working)
System (CRS) by
90
logging in applicant to sign-in to
crs.sec.gov.ph the facilities therein 1 minute
1.1. Veri ies the Note: Email account

created created automatically
account expires within 90 10 minutes
through e-mail calendar days if inactive
then logs-in
his/her 1.1. System
account approves/denies
the proposed
1.2. Veri ies, company name in
reserves, or accordance with
appeals the Memorandum 30 minutes Name Veri ication
proposed Circular No. 13, Of icer
company name series of 2019
including trade
or business 1.2. System approves
names, if the proposed
applicable name/s
1.2.1. If 1.3. Approves/denies

approved, the appeal
proceeds
with the 1.4. System
encoding acknowledges
of submission of
company documents
informatio
n
91
Note: Reservation of
proposed company
name expires on the
4th day if in-forms are
not illed up
1.2.2. If denied,
avails online
appeal of
rejected names
by uploading
appeal letter
and/or
supporting
documents
1.3. Encodes
company
information
1.4. Uploads and

submits
CRS-generated
or non-CRS
generated
documents
2. Waits for the 2. Evaluates uploaded None 30 minutes per Securities Specialist I, II
evaluation of documents application Information Of icer III
submitted
92
documents.
3. Receives 3. System issues None
noti ication compliance e-mail
through email and alert if the documents
CRS account are incomplete or with
de iciencies
3.1. *If for
compliance, 3.1. System issues
opens the payment e-mail
compliance alert if the
section in the documents are
CRS and complete and in
complies the order
de iciencies or
completes the
requirements
3.2. *If for

payment, pays
the iling fee
online or on
collection then
uploads the
documentary
requirements
3.2.1. If online,
pays
through
GCash or
93
Landbank
then
uploads
documenta
ry
requireme
nts
through
CRS
3.2.2. If on
collection,
prints the
Order of
Payment
4. Presents the Order 4. Issues and prints out 5 minute Frontline Service
of Payment to SEC the Payment Assistant
Head Of ice or Assessment Form Data Analyst
Extension Of ice, (PAF)
presents the Order
of Payment and 4.1. Presents PAF to
ready to bring the the assigned CRS
documentary processor
requirements 1 minute
1.1 Signs the PAF Securities Specialist I, II
*If payment is at any Information Of icer III
SEC-accredited 1.2 Issues
Landbank branches, machine-validated
presents the Order of Oncoll Payment
Payment Slip/s
94
5. Pays the iling fees 5. Issues eOR a) Articles of Espaysec or LBP On-Coll
Incorporation, Stock Facility
Corp., with par value:
1/5 of 1% of the
authorized capital
stock or the
stock, whichever is
higher, but not less
than PHP 2,000.00 plus
1% Legal Research Fee
(LRF) but not less than
PHP 20.00.

of the authorized
capital stock computed
at PHP 100 per share
of the subscription
price of the subscribed
capital stock,
whichever is higher
2,000.00 plus 1% LRF
20.00;
95
b) By-Laws: PHP
LRF;
PHP 100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary Stamp
– PHP 30.00
the Foreign
Investments Act (FIA)
– PHP 3,000.00
f) Filing fee for

Certi icate of Authority
to Operate as a
Lending Company –
1/10 of 1% of the
paid-up capital
6. Upon payment, 6. Uploads the proof of None 2 minutes Frontline Service
proceeds to payment and Assistant
96
SEC-CRMD for the documentary Data Analyst
uploading of proof requirements
of payment and
documentary
requirements; or
6.1. *Personally
uploads the
proof of
payment and
documentary
requirements
in CRS
number Assistant
Data Analyst
Computer Operator
7.1. Checks the 5 minutes
7.1. Submits three completeness of
(3) sets of the documents
documentary submitted to
requirements ensure that there
(1 original; 2 is at least one
photocopies) original set of the
at the CRMD application
Receiving
Section 7.2. Stamps receives
and af ixes initials
on the submitted
documents and
97
advises registrant
to wait for 3
working days for
the release of the
Certi icate of
Registration
8. Waits for the 8. Checks the uploaded None 5 minutes Securities Specialist I, II
release of the proof of payment and Information Of icer III
signed Certi icate documentary
requirement
8.1.1. *If complete

and
compliant,
tags the
application in
CRS as “For
Receiving”
8.1.2. *If
incomplete
and/or
non-compliant
, return the 5 minutes Computer Operator
application to
the applicant
through CRS
8.2. Tags the 5 minutes Data Analyst

application in CRS
98
as “Received”
8.3. Retrieves the hard

copies of the
application and 10 minutes Assistant Director, CPRD
forwards to the
Data Analyst
8.4. Generates the

Certi icate
through CRS and
forwards the
same with the
submitted proof
of payment and 10 minutes Director, CRMD
documentary
requirements to
the authorized
signatory
8.5. Reviews the

application 5 minutes Data Analyst
8.5.1. Signs the

Certi icate; or
8.5.2. Returns the

application
for
compliance
99
8.6. Generates the

Uni ied
Registration
Records (URR) of
the corporation
and forwards the
Certi icate with
URR to the CRMD
Releasing Unit
number in CRMD Assistant
and proceeds to Computer Operator
the Releasing
Counter
9.1. Presents 9.1. Releases 5 minutes Frontline Service

original proof Certi icate and/or Assistant
of payment to URR to the Computer Operator
the CRMD applicant
Releasing
Counter and
claims the
Certi icate and
URR
TOTAL a) Articles of 2 hours and 21 minutes
Incorporation, Stock per application
Corp., with par
value: 1/5 of 1% of
the authorized
100
the subscribed
capital stock,
but not less than
PHP 2,000.00 plus
1% Legal Research
Fee (LRF) but not

of the authorized
capital stock
computed at PHP
100 per share of the
the subscribed
capital stock,
whichever is higher
but not less than
PHP 2,000.00 plus
1% LRF but not less
than PHP 20.00;
b) By-Laws: PHP
LRF;
PHP 100.00 for each
101
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
Investments Act
(FIA) – PHP 3,000.00
f) Filing fee for
Certi icate of
Authority to Operate
as a Lending
Company – 1/10 of
1% of the paid-up
capital
102
12. Petition for Correction of Entries in the Articles of Incorporation and/or
By-laws and/or Treasurer’s Af idavit and subsequent amendments thereof
Of ice or Division SEC Iloilo Extension Of ice


1. For pre-processing, 1. Accepts documents for None 30 minutes-1 hour SEC Administrative Assistant II
proceeds to EO Counter assignment to EO per application SEC Administrative Assistant I
for presentation of processor *
documentary requirements 2-4 hours per Securities Counsel I / II
* application
103
1.1 Pre-processes assigned
application with
attachments
compliance
2. Waits for the corporation’s2. Processes and evaluates None 14 working days SEC Securities Counsel I / II
name to be called by the Petition
assigned EO processor
2.1 If compliant, issues
Payment Assessment Securities Specialist II
Form SEC Administrative Assistant II
Facility
Filing Fee:
P3,000.00
Handling fee of
P20.00
Legal Research Fee
(LRF): P 30.00
Documentary Stamp
Tax: P30.00 per
notarized document
104
4. Proceeds to IEO Counter for 4. Receives and veri ies None 30 minutes-1 hour SEC Administrative Assistant II
presentation of documentary documentary requirements per application SEC Administrative Assistant I
requirements with proof of and proofs of payment
payment
5. Waits for the issuance of 5. Prepares the Order to None 4 hours per SEC Administrative Assistant II
signed Order to Correct Correct Entries in the application
Entries in the Articles of Articles of
Incorporation/Treasurer’s Incorporation/Treasurer’s
Af idavit/By-Laws Af idavit/By-Laws
EO Director
5.1 Signs the Order to 1 day
Correct Entries
5.2 Assigns SEC IEO
Case number and
records it to the
logbook for Petition
for Correction of
Entries
6. Proceeds to IEO Counter 6. Releases signed Order None 30 minutes-1 hour SEC Administrative Assistant II
for presentation of the per application SEC Administrative Assistant I
original proof of payment
and receives the signed
Order to Correct Entries in
the Articles of
105
Incorporation/Treasurer’s
Af idavit/By-laws
TOTAL P3,050.00 16 working days
Documentary and 3 hours from
Stamp Tax: P30.00 Steps 1 to 6
per notarized
document
106
Of ice or Division SEC Iloilo Extension Of ice


1) Veri ied Petition to set aside the Order of Revocation or No Prescribed format
Suspension
5) Copies of the Articles of Incorporation and latest Certi icate To be prepared by the Company
of Filing or Amended Articles or By-Laws (if any) together
with the latest Articles of Incorporation and By-Laws
6) Copies of the stock and transfer book or membership book To be prepared by the Company
7) Secretary’s Certi icate of No Intra-Corporate Controversy EO Public Assistance
8) Sworn Certi ication by External Auditor To be prepared by the Company
9) Proof of operation for each year, starting from the date of
revocation or date of incorporation (for a suspension
order) up to the time of the iling of the petition, any of the
following but not limited to:
107
d. Contracts;
f. Certi ications/Recognitions/Annual Conventions; or
g. Any similar/related documents To be prepared by the Company
10)Latest Mayor’s/Business Permit To be prepared by the Company
11)Certi ication Issued by the Corporate Secretary that the
SEC Iloilo Extension Of ice
latest due Financial Statement and Income Tax Return was
received by the SEC and BIR respectively
13)Clearance from EIPD and OGC
1. Submits the requirements 1. Assigns the None 30 minutes-1 hour SEC Administrative Assistant
to the Counter Of icer for application for per application II
pre-processing pre-processing SEC Administrative Assistant
14 working days I
1.1 Examines whether the
documents submitted are Securities Counsel I / II
substance
complete and in Securities Counsel I / II
order, approves the
application for
payment
1.1.2. If application is for

compliance,
108
prepares a checklist
of de iciencies and
returns it to the
applicant.
1.2. Issues Payment

Assessment Form (PAF) 15-30 minutes Securities Specialist II
if the documents are SEC Administrative Assistant
complete and in order II
2. Pays the iling fees 2. Issues eOR Filing Fee: Espaysec or LBP On-Coll
PHP3,000.00 Facility
Handling fee of
P20.00
Legal Research Fee
(LRF): PHP30.00
Documentary
Stamp Tax:
PHP30.00 per
notarized document
3. Submits complete 3. Receives the complete None 1 to 2 hours SEC Administrative Assistant
application requirements application requirements and II
advises client when to follow SEC Administrative Assistant
up its status I
3.1 Prepares the 2-4 hours Securities Counsel I / II

Memorandum to
be sent to the Head
Of ice
109
3.1.1 Reviews the 1 day IEO Director
Memorandum
3.1.1.1 If the Memorandum

is in
order, signs the
Transmittal
3.1.1.2 If Memorandum
needs
revision, return the draft
Memorandum to the
Securities
Counsel for revision.
3.2 Forwards the

Memorandum,
draft Order and the
documents
for the Petition to Lift
Order of SEC Administrative Of icer II
Suspension or Revocation
for
TOTAL Filing Fee: 15 working days, 7
PHP3,000.00 hours and 30
Handling fee of minutes from steps 1
PHP20.00 to 3
Legal Research Fee
(LRF): PHP30.00
110
Documentary
Stamp Tax:
PHP30.00 per
notarized
document
111
applicable.
Type of Transaction: G2C- Government to Citizen
Who may avail: All
None None
1. Presents concern/s, query 1. Refers party to the Public None 10 minutes SEC Administrative Assistant II
or complaint Assistance Desk SEC Administrative Assistant I
1.1. Veri ies the nature of Information Of icer

15-30 minutes
the concern/query;
Information Of icer
1.2. Proceeds to Records 15-30 minutes SEC Administrative Of icer II
Section to verify the
registration status
112
and/or retrieves
corporate records
30 minutes
1.3. Hands out the Information Of icer
requested checklist of
requirements,
10-15 minutes
forms;
Information Of icer
1.4. Refers to the

appropriate IEO staff
or other concerned 10-15 minutes
2. Presents written complaint
government agency SEC Administrative Assistant II
SEC Administrative Assistant I
2. Receives written complaint
and forwards to Records 1 hour
Section SEC Administrative Of icer II
2.1 Endorses written

complaint to the Of ice
of the
Director/appropriate
SEC Department and
advises party to expect
feedback within ifteen
(15) working days
113
TOTAL None 3 hours and 10
minutes
114
15. Receiving of Reports Through SEC Electronic Filing and Submission Tool
(eFAST)
This service details the procedure on the receiving of reportorial requirements of registered corporations such as but not
limited to General Information Sheet (GIS), Audited Financial Statements (AFS), Non-Stock, Non-Pro it Organization (NSPO
FORM 1-6), General Form for Financial Statements (GFFS), Special Form for Financial Statements (SFFS) through the SEC
online submission facility.
Of ice or Division: SEC Extension Of ice – Iloilo Extension Of ice
Type of Transaction: G2B – Government to Business
Who may avail:

All Registered Corporations
a. SEC-approved template of Board Resolution Form available at https://cifss-ost.sec.gov.ph/user/login

(signed by majority of the Board) or Notarized
Secretary’s Certi icate
b. Submitted MC28 Report
c. Reports to be uploaded in PDF format
115
1. For enrolment: None None None Applicant
1.1 Logs on at
https://cifss-ost.sec.gov.ph
/user/login
1.2 Clicks Enroll as

Company and inputs
necessary information.
1.3 Clicks Enroll as Filer

and inputs necessary
information.
2. Informs EO regarding Veri ies client’s EFAST account None 30 minutes – 1 hour IEO Personnel
EFAST enrolment
3. For submission of reports: 3. Conduct of quality check to None (as of now only the Head Of ice Personnel
ensure that the report is Head Of ice does the
3.1 Logs on at readable and in correct quality check)
https://cifss-ost.sec.gov.ph format.
/user/login using
username and password
3.2 Selects Forms Module

to upload report in PDF
format, input necessary
information and submit.
116
TOTAL None 1 hour
117
Who may avail: All registered domestic corporations through their Authorized Representatives

1) Copy of the Latest due Financial Statements and any OST/ODRS/Corporate Records
SEC)
and By-laws
EO Public Assistance and Complaint Desk
118
● General Formal for Financial Statements when the gross
revenue/total assets exceeds Five Million Pesos
(P5,000,000)
● NSPO Forms and COEP
● Mandatory Disclosure Forms
● MC28 Series of 2020 (Contact Details)
1. Submits completely 1. Receives the request for None 15-30 minutes SEC Administrative Assistant II
illed-out "Request for monitoring and forwards SEC Administrative Assistant I
Monitoring" and the the same to the Records
required documents Section
1.1. Retrieves the 1-2 hours

corporate ile
including the latest
reports and prints the
list of
system-generated
reports (ODRS/eFAST)
119
1.2. Assigns monitoring 30 minutes – 1 hour SEC Administrative Of icer II
documents to
1.3. Determines 2-4 hours Securities Specialist I/II

compliance, SEC Con idential Assistant III
de iciencies (GIS)
1.4. Assigns monitoring 30 minutes – 1 hour
documents to
monitoring specialist
(MS)
Securities Specialist I/II
1.5. Determines Guidelines on the 2-4 hours SEC Con idential Assistant III
compliance, Imposition of ines
de iciencies and or penalties for
violations, and noncompliance with
prepares the reportorial
Monitoring Sheet requirements;
(MSh) Memorandum
Circular No. 8, series
of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
120
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Of ice Order No.
298, Series of 2010
121
2. Receives the MS if 2. Presents the indings to the None 15-30 minutes Securities Specialist I/II
agreeable to the indings applicant SEC Con idential Assistant III
presented.
2.1. If there are no
prepared by the IEO Director
indicate such inding/s
with computation of
the IEO
Director/Securities
Counsel II/Securities
Specialist III for
signing
2.2. Note: If applicable,

clari ication and
further compliance
may be required by
the MS prior to the
release of the MSh
(with the approval of
IEO Director, a
clari icatory
conference with the
parties may be called)
122
2.3. Prepares and issues SEC Administrative Assistant II

15-30 minutes Securities Specialist II
the Payment
Assessment Form
(PAF)
3. Pays the assessed ines 3. Issues eOR Depending on the Espaysec or LBP On-Coll
and penalties assessed penalties Facility
Note: Applicant with
payment in installment of
ines, the procedure for
reduction of ines or
payment in installment will
be followed.
4. Presents machine-validated 4. Receives the PAF together 15-30 minutes SEC Administrative Assistant II
PAF with the other documents
and indicates date of the
release of the MS/COP
4.1. Review and signs the 10 minutes

IEO Director
MS/COP
5. Receives MS/COP 5. Releases the MS/COP 10 minutes SEC Administrative Assistant II
SEC Administrative Assistant I
TOTAL Guidelines on the 1 day, 6 hours & 20

Imposition of ines minutes from steps
1 to 5
123
or penalties for
noncompliance
with reportorial
requirements;
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Of ice Order No.
298, Series of 2010
124
SEC EXTENSION OFFICE - BACOLOD CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
Unit 10 & 11 Redkey Bldg., cor. Hernaez &

Jocson Streets, Barangay Taculing, Bacolod City
Table of Contents
4. Increase of Capital Stock through payment other than cash 33
6. Issuance of Certi ication as to Status of a Registered Corporation 50
10. Registration of Corporations through SEC - eLECTRONIC SIMPLIFIED PROCESSING OF APPLICATION
FOR REGISTRATION OF COMPANY (SEC - ESPARC) for Regular Corporations 68
11. Registration of Corporations through SEC - eLECTRONIC SIMPLIFIED PROCESSING OF APPLICATION
FOR REGISTRATION OF COMPANY (SEC - ESPARC) 82
12. One-day Submission and E-registration of Companies (OneSEC) 95
13. Petition for Revival of Corporate Existence 104
14. Petition to Lift Order of Revocation/Suspension 117
15. Dissolution of Corporations under Section 134 of the Revised Corporation Code 128
1
16. Dissolution of Corporations under Section 136 of the Revised Corporation Code 136
17. Petition for Correction of Entries in the Articles of Incorporation 144
2
1. Application for Amendment of Articles of Incorporation and/or
By-laws of Domestic Corporations
Division & Department SEC Bacolod Extension Of ice
Of ice:
Classi ication: Complex
Pandemic
1. Basic Requirements (STOCK OR NON-STOCK May secure Checklist of Requirements and sample formats from the
CORPORATIONS) Public Assistance Desk or through the Commission’s website at
- 4 original sets http://www.sec.gov.ph/services-2/company-2/amendment/
2. Compliance Monitoring Division (CMD) Clearance c/o Bacolod Extension Of ice
3
Corporate Governance and Finance Department (CGFD)
-For Investment company, Financing and Lending companies,
issuers of proprietary or non-proprietary membership (i.e.
golf clubs), listed and public companies and foundation (1
original copy)
-For Capital Market Institutions (i.e. Exchange, Broker, Dealer,
Investment House (1 original copy)

2. Endorsement from other government agencies, if GOVERNMENT AGENCIES
applicable
(1 original copy) Quasi-Banking Functions - Bangko Sentral ng Pilipinas


Pilipinas
4
Name veri ication slip may be secured manually through the Public
Assistance Desk
if the provision to be amended is the corporate name, submit:
a. Name Veri ication Slip (1 original)

May secure a sample copy from the Public Assistance Desk
b. Af idavit of a director, trustees or of icer undertaking to

change corporate name. (Not required if already stated in the
Al)

increasing its foreign equity to more than 40%, submit:
May secure copy from the Public Assistance Desk or may download
a.) F-101 through SEC Website at
with more than 40% increasing further the percentage of
such equity, submit:
a.) F-102 May secure copy from the Public Assistance Desk or may download
through SEC Website at
5
1. Secures number from the 1. Calls the number and None 5 minutes Of icer of the Day
guard on duty assists the applicant
1.1. If corporate name is for 1.1 Veri ies the corporate P100.00 per proposed 15 minutes Con idential Assistant III
amendment: Fills out Name name in the CORES system corporate/
Veri ication Form trade name/s
1.1.1. Approves or denies 5 minutes Con idential Assistant III

proposed name/s or trade
name/s, then informs the
client; If for queuing calls
or emails the client for the
result of the veri ication
1.2. Submits appeal to the

Director
1.2. If name is rejected, 5 minutes Director II
registrant may appeal for the 1.2.1. Approves or denies
proposed corporate name appeal, if approved
informs the client to
proceed with the
submission of
documentary
requirements
6
2. Pre-processing: Presents 2. Veri ies completeness of None 10 minutes Of icer of the Day
documentary requirements documentary Processors
and waits to process the requirements
request
2.1. Fills out transmittal slip 2.1. If documents are 15 minutes Of icer of the Day
for documents submitted complete: Accepts Receiving Of icers
documents, prepares
Routing Slip, encodes in
the Master List for
assignment to processors
or for queuing
2.2 If application is 10 minutes Of icer of the Day

incomplete: Returns to Receiving Of icers
client and issues a
checklist for completion of
requirements
2.1.1. For complete 45 minutes Computer Operator

documentary or Administrative Assistant I
requirements: if for queuing: Administrative Assistant II
Processes, evaluates within 2 days - Con idential Assistant III
documents submitted simple Information Of icer
then forwards to within 4 days - Securities Specialist I
Counsel I/Of ice of complex Securities Specialist II
the Director for legal Counsel I
review (Monitoring Director II
period/s excluded)
2.1.2. If the application 30 minutes Computer Operator

is non- compliant, the
7
processor prepares a Administrative Assistant I
checklist of de iciencies Administrative Assistant II
and sets a date for Con idential Assistant III
further discussion or Information Of icer
emails the checklist to Securities Specialist I
the applicant. Securities Specialist II
3. For non-compliant of 3. Processes and evaluates None 25 minutes Administrative Assistant II

reviewed application, compliance of reviewed Con idential Assistant III
resubmits the same on the application for Information Of icer
assigned date amendment; If queuing Securities Specialist I
informs client to wait for a Securities Specialist II
text, call or email if okay to
proceed.
3.1. If compliant: Issues Filing Fees: 5 minutes Administrative Assistant I

Payment Assessment dment of Articles of Inc. Administrative Assistant II
Form (PAF) or By-laws: Administrative Of icer II
Filing Fee: P1,000.00
gal Research Fee-1% of
e Filing Fee (P10.00)
umentary Stamp Taxes -
P30.00
Handling Fee- P20.00
ndment by increasing
eign equity FIA forms
0.00 with LRF of P30.00
and Handling Fee-
P20.00)
8
4. Pays the iling fee for None As indicated in PAF None a online www.sec.gov.ph-online
compliant application via rvices-ESPAYSEC or Landbank
online or Landbank
5. Proceeds to EO Counter to 5. Veri ies proof of None 30 minutes Receiving Of icers

present proof of payment payment and
and documentary receives documentary
requirements requirements
5.1 If for queuing:

informs client to wait for
a text, call or email if
okay to claim the
approved application.
9
6. Waits for the issuance of 6. Prepares the Certi icate None 15 minutes Administrative Assistant II
signed Certi icate of Amended Articles of
By-laws

of Amended Articles of 10 minutes Director II
By-Laws
7. Proceeds to the EO 7. Logs and releases None 10 minutes Releasing Of icers

Releasing Section, signs in the signed Certi icate of Of icer of the day
2 duplicate copies and in the Amended Articles of
logbook then receives the Incorporation and/or
signed Certi icate of Amended By-laws
and/or By-Laws
TOTAL Filing Fees: 6 days, 3 hours and

45 minutes
10
Amendment of Maximum 7 days
Articles of Inc. or
By-laws:
a. Filing Fee:
P1,000.00
b. Legal Research
Fee- 1% of the
Filing Fee P10.00
c. Documentary
Stamp Taxes -
P30.00
d. Handling Fee-
P20.00
Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with
LRF of P30.00 and
Handling Fee-
P20.00)
11
This service details the procedure in applying for amendment of the Articles of Partnerships. As of the moment
Amendments are still processed in Iloilo except whose iles were already transferred to Bacolod Extension Of ice.

Of ice:
Who may avail: All registered partnerships through their Authorized Representatives
Pandemic
May secure Checklist of requirements and sample formats from the

Basic Requirements (4 original sets ) Public Assistance and Complaint Desk, Of icer of the Day of the
Extension Of ice and or through the Commission’s website through
1. Cover Sheet; and URL http://www.sec.gov.ph/services-2/company-2/amendment/
2. Amended Articles of Partnership Any of the partner
12
1. If the provision to be amended is the partnership
name, submit:
a. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually through Of icer of the
Day of the Extension Of ice
b. Af idavit of a partner to change partnership name.
(Not required if already stated in the AP) (1 original; 3
photocopies) May secure copy from the Of icer of the Day of the Extension Of ice
If the provision to be amended is the change of

partners, submit:
May secure copy from the Of icer of the Day of the Extension Of ice
a. Deed of Assignment of partnership interest and
or documents showing withdrawal, resignation,
retirement and death of a partner (1 original; 3 Assignee and Assignor Partners
photocopies)
If provision for amendment is to have foreign equity

of a registered partnership, submit:
a.) F-106 or may download through SEC Website at
If provision for amendment is to further increase the
a.) F-107 or may download through SEC Website at
13
TIME
1. Secures number from the 1. Calls for the number and None 5 minutes Of icer of the Day
guard on duty assists the applicant
1.1. If partnership name is for 1.1. Veri ies the P 100.00 per proposed 15 minutes Con idential Assistant III
amendment: Fills out Name partnership name in partnership/trade
Veri ication Form the CORES name/s
1.1.1. Approves or
denies proposed name/s
or trade name/s; If for
queuing calls or emails
the client for the result
of the veri ication
1.2. If name is rejected, 1.2. Submits appeal to 5 minutes Con idential Assistant III
registrant may appeal for the the Director
proposed partnership name
1.2.1. Approves or 5 minutes Director II

denies appeal, if
approved informs the
client to proceed with
the submission of
documentary
requirements
14
TIME
2. For pre-processing, secure 2. Veri ies completeness of None 10 minutes Of icer of the Day
queuing numbers from the amendment requirements Receiving Of icer
security guard. If called,
proceeds to EO Counter for
presentment of documentary
requirements
2.1. Fills out transmittal slip 2.1. If documents are 15 minutes Of icer of the Day
for documents submitted complete:
Accepts documents,
prepares Routing Slip,
encodes in the Master List
for assignment to
processors or for queuing

incomplete: 10 minutes Of icer of the Day
Returns to client and
completion of
requirements
2.1.1. Processes and 30 minutes Administrative Assistant II

evaluates documents or Con idential Assistant III
submitted then forwards If for queuing: Information Of icer
to Counsel I/Of ice of the within 2 days Securities Specialist I
Director for legal review Securities Specialist II
15
TIME
Counsel I
Director II
2.1.2. If application is for 30 minutes Administrative Assistant II

compliance, processor Con idential Assistant III
prepares checklist of Information Of icer
de iciencies and sets a date Securities Specialist I
for discussion or emails Securities Specialist II
the checklist to the
applicant.
3. For non-compliant of reviewed 3. Processes and evaluates 20 minutes Administrative Assistant II

application, resubmits compliance of reviewed Con idential Assistant III
application on the assigned date application for Information Of icer
amendment; if for Securities Specialist I
queueing informs client to Securities Specialist II
wait for a text, call or email
if okay to proceed.
3.1. If compliant: Filing Fees: 5 minutes Administrative Assistant II

Con idential Assistant III
16
TIME
Issues Payment Amendment of Articles Administrative Of icer II

Assessment Form Partnership: P2,050.00
(PAF) (*+**+***)
*Amended Articles of
Partnership
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-1% of the Filing Fee
for amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment with
Deed of Assignment of
P2,000.00 per Deed
******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
17
TIME
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF of
P30.00)
4. Pays the iling fee for 4. None None None Via online
compliant application via online www.sec.gov.ph-online
or via Landbank services-ESPAYSEC or
Landbank
5. Proceeds to EO counter to 5. Veri ies proof of payment None 30 minutes Receiving Of icers
present proof payment and receives documentary
and documentary requirements requirements and.
18
TIME
6. Waits for the issuance of 6. Prepares the Certi icate of None 15 minutes Administrative Assistant II
signed Certi icate Amended Articles of
Partnership
6.1. Signs the Certi icate of 10 minutes Director II

Amended Articles of
Partnership
7. Presents original receipt to the 7. Logs and releases signed None 10 minutes Of icer of the day
Releasing Unit, signs in the 2 Certi icate of Amended Articles
duplicate copies and in the of Partnership
logbook then receives the signed
Certi icate of Amended Articles
of Partnership
TOTAL Filing Fees: 2 days, 3 hours and

Amendment of 25 minutes
Articles Partnership:
P2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P30.00
***Legal Research Fee-
for amendment
(P20.00)
19
TIME
**** Amendment with

partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment with
P2,000.00 per Deed
******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)
20
This service details the procedure on application for increase of capital stock by way of Cash only.

Of ice:
Classi ication: Highly Technical
Who may avail: Corporations duly registered at Securities and Exchange Commission
Pandemic
21
Basic requirements (2 sets original, 3 sets

photocopies)
May secure Checklist of requirements and sample formats from the Public
1. Cover sheet Assistance Desk or through the Commission’s website through URL
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_for_Ame
2. Signed and notarized Director’s Certi icate with ndment.pdf
documentary stamps on one original set
3. Signed and notarized Secretary’s Certi icate on Downloadable at SEC website through the following URL:
non-existence of intra-corporate dispute with http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate
documentary stamps on one original set _NonExistence_Corp_Dispute.pdf
4. Signed and notarized Application for Increase

of Capital Stock No Prescribed format. To be prepared by the Company in accordance with
the Revised Corporation Code (Sections 15 and 37)
a. Signed and Notarized Treasurer’s Af idavit
with documentary stamps on one original set To be provided by the applicant
b. List of stockholders of record as of date of

meeting approving the increase, indicating
their nationalities and their respective
subscribed and paid-up capital on the present
authorized capital stock certi ied under oath
by the corporate secretary with documentary
stamps on one original set
Public Assistance or Downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_
Waiver_Pre_emptive_Rights./pdf
22
c. Signed and notarized Secretary’s Certi icate
on waiver of pre-emptive rights of
non-subscribing shareholders with
A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking
5. Amended Articles of Incorporation Functions - Bangko Sentral ng Pilipinas
B. Insurance/Mutual Bene it Association/ Health Maintenance Organization-
Insurance Commission
Additional Requirements C. Money Changer and Remittance Services- Bangko Sentral ng Pilipinas
1. Endorsement from other government agencies,
if applicable (1 original) May secure copy from the Public Assistance Desk or may download from SEC
Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
2. If the provision to be amended is for registered For guidance, refer to Memorandum Circular No. 6 series of 2008
corporations increasing its foreign equity to downloadable at SEC website through the following URL:
more than 40%, submit: F-101 signed and http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.p
notarized with documentary stamps on one df
original set For guidance, refer to Memorandum Circular No. 6 series of 2012

corporations with more than 40% increasing
further the percentage of such equity, submit:
F-102 signed and notarized with documentary
4. Special Audit Report

Bangko Sentral ng Pilipinas
23
a. For companies with secondary licenses
b. Where payment to subscription to the
increase is more than P50,000,000.00
otherwise, Subscription contract executed
under oath among stockholder/s, treasurer
and president for the corporation, stating
the number of additional shares subscribed
to and paid for with documentary stamps
on one original set
Note: Per Memorandum Circular No. 11 Series of

2016
5. For RURAL BANKS:

a) Notarized Certi ication on payment for
subscriptions to be signed by majority of the
rural bank’s Board of Directors in accordance
with the form required by BSP
b) list of stockholders of record showing their
respective subscribed and paid-up amount
before and after the increase and the list of
subscribers to the increase with their respective
subscription and payment as presented and
approved by BSP annexed to the notarized
certi ication
24
TIME
1. Secures number from the 1. Calls the number and None 5 minutes Of icer of the Day
guard on duty directs the client to the
Processors
1.1. Submits application for 1.1. Veri ies completeness

Increase of Capital Stock and of documentary 15 minutes Securities Specialist I
ills out transmittal slip for requirements. Securities Specialist II
documents submitted

complete: Accepts
documents, prepares 15 minutes Of icer of the Day
the Master List for
assignment to
processors or for
queuing, informs client
to wait for a text, call or
email if okay to proceed.
1.1.2. Processes,
evaluates documents 10 days Securities Specialist I
submitted then forwards if for queuing: Securities Specialist II
to Counsel I/Of ice of the within 17 days Counsel I
Director for legal review Director II
(Monitoring period/s
excluded)
25
TIME
for compliance,
processor prepares a
checklist of de iciencies
and sets a date for
further discussion. 1 hour Securities Specialist I
incomplete:
Returns to client and
completion of
requirements 30 minutes Securities Specialist I
26
2. Resubmits reviewed 2. Reviews compliance None 20 minutes Securities Specialist I
application for compliance on Securities Specialist II
assigned date 2.1. If for queuing
informs client to wait for
a text, call or email.
2.2. If not on queue and

application is compliant,
the processor forwards
Counsel I/ Director’s
of ice for signature of
inal review
2.3. Issues Payment

For the amendment:
Assessment Form (PAF) 5 minutes Administrative Assistant II
and directs the client to Con idential Assistant III
a. Amended Articles
pay via online at Administrative Of icer II
www.sec.gov.ph-online
of Incorporation –
services-ESPAYSEC or via P1,000.00
Landbank b. LRF P 10.00
c. Handling Fee P
20.00
d. Documentary
Stamp Tax P 30.00
For the increase: For

corporation with
par value
27
TIME
a. 1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
For corporation
without par value
a. 1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
b. Legal Research
Fee -equivalent to
1% of the computed
iling fee for
Increase of Capital
Stock but not less
than P10.00
28
TIME
c. Documentary
Stamp tax
P 60.00
d. Handling Fee
P 20.00
For Corporations
- Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
29
TIME
3. Pays the iling fee for None None None Via online www.sec.gov.ph online
compliant application via online services-ESPAYSEC or Landbank
or Landbank
4. Proceeds to EO Counter to 4. Veri ies proof of payment None 30 minutes Securities Specialist I
present proof of payment and and receives documentary If for queuing: Securities Specialist II
documentary requirements requirements. Within 1 day
If for queuing, informs
client to wait for a text, call
or email if okay to claim the
approved application.
signed Certi icate. for Increase of Authorized
Capital Stock.
5.1. Signs the Certi icate for 10 minutes Director II

Increase of Authorized
Capital Stock.
30
TIME
6. Presents original receipt to 6. Logs and releases signed None 15 minutes Releasing Of icers
the Releasing Unit, signs in 2 Certi icate for Increase of Of icer of the Day
duplicate copies and in the Authorized Capital Stock
logbook then receives the
approved Certi icate for
Increase of Authorized Capital
Stock
TOTAL For the amendment: 18 days, 4

a. Amended Articles of Incorporation – hours and 20
P1,000.00 minutes
b. LRF P 10.00 Maximum 20
c. Handling Fee P 20.00 Days
d. Documentary Stamp Tax P 30.00
For the Increase:

For corporation with par value
a. 1/5 of 1% of the increase in capital stock but
not less than P3,000.00 or the subscription
price of the subscribed capital stock, whichever
is higher
For corporation without par value
a. 1/5 of 1% of the increase in capital stock
computed at P100.00 per share but not less
than P3,000.00 or the issue value of the
subscribed capital stock, whichever is higher
b. Legal Research Fee -equivalent to 1% of the
31
TIME
computed iling fee for Increase of Capital Stock

but not less than P10.00
c. Documentary Stamp tax of P60.00
d. Handling Fee – P 20.00
For Corporations with FIA Application -
Additional P3,060, inclusive of LRF of P30.00
and DST of P30.00
32
4. Increase of Capital Stock through payment other than cash
2. Stock Dividends
4. Untitled Lands
5. Inventories / Furnitures / Personal Properties
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

Of ice:
Pandemic
33
Basic requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and sample formats from
1. Cover sheet the Public Assistance Desk or through the Commission’s website
through URL
2. Signed and notarized Director’s Certi icate with http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_She
documentary stamps on one original set et_for_Amendment.pdf
3. Signed and notarized Secretary’s Certi icate on non-

existence of intra-corporate dispute with documentary
stamps on one original set Downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys
4. Signed and notarized Application for Increase of Capital _Certi icate_NonExistence_Corp_Dispute.pdf
Stock
a. Signed and Notarized Treasurer’s Af idavit with
documentary stamps on one original set No Prescribed format. To be prepared by the Company in
accordance with the Revised Corporation Code (Sections 15 and
b. List of stockholders of record as of date of meeting 37)
the corporate secretary with documentary stamps on To be provided by the applicant
one original set
EO Public Assistance or Downloadable at SEC website through the
c. Signed and notarized Secretary’s Certi icate on waiver of following URL:
pre-emptive rights of non-subscribing shareholders with http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_
documentary stamps on one original set Certi icate_Waiver_Pre_emptive_Rights.pdf
5. Amended Articles of Incorporation
34
Pilipinas
corporations increasing its foreign equity to more
than 40%, submit: F-101 signed and notarized with May secure copy from the Public Assistance Desk or may
documentary stamps on one original set download from SEC Website at

corporations with more than 40% increasing further
the percentage of such equity, submit: F-102 signed
and notarized with documentary stamps on one
original set
6. For RURAL BANKS:

Directors in accordance with the form required by BSP Bangko Sentral ng Pilipinas
35
certi ication
7.1 Audited Financial Statements (AFS) as of the last iscal To be provided by the Applicant.
year stamped received by BIR and SEC (if the
veri ication of the advances to be converted to equity, downloadable at SEC website through the following URL:
if not re lected in AFS http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-
06s2008.pdf
7.3 Deed of Assignment of advances / liabilities To be provided by the Applicant.
8. Stock Dividends
36
8.1 List of stockholders entitled to stock dividend with To be provided by the Applicant.
their respective outstanding shares and the allocation
of stock dividend certi ied by the corporate secretary
8.2 Audited Financial Statements as of the last iscal year To be provided by the Applicant.
8.3 Secretary’s Certi icate that on the basis of the To be provided by the Applicant.
true and correct
8.4 Secretary’s Certi icate on the Board’s resolution to To be provided by the Applicant.
8.5 Reconciliation of Retained Earnings Refer to Memorandum Circular No. 11 Series of 2008
downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-
11s2008.pdf
37
accountant
9.3 Latest zonal valuation certi ied by BIR, if transfer value is To be provided by the Applicant.
based on zonal value
than 6 month old)

certi ication on the outstanding loan balance and
his/her written consent to the transfer of property
owner of the land, submit the lease contract on the land
and consent of the land owner to the transfer
38
TIME
39
1. Secures number from the 1. Calls the number and None 5 minutes Of icer of the day
guard on duty. directs the client to the
Processors
1.1. Submits application for 1.1. Veri ies completeness None 30 minutes Securities Specialist I
Increase of Capital Stock and of documentary Securities Specialist II
ills out transmittal slip for requirements
documents submitted
1.1.1. If documents are 15 minutes Of icer of the day
complete: Accepts
documents, prepares
the Master List for
assignment to
processors or for
queueing
12 days Securities Specialist I
1.1.2. Processes, if for queuing: Securities Specialist II
evaluates documents within 17 days Counsel I
submitted then Director II
forwards to Counsel I/
for legal review
(Monitoring period/s
excluded)
1 hour Securities Specialist I
40
TIME
for compliance, 30 minutes Securities Specialist I
processor prepares a Securities Specialist II
and sets date further
discussion or emails the
checklist to the
applicant.

incomplete: Issues a
checklist for
compliance and returns
documents to client.
2. Resubmits reviewed 2. Reviews compliance None 2 hours Securities Specialist I

application for compliance on Securities Specialist II
assigned date 2.1. If for queuing informs
client to wait for a text,
call or email if okay to
proceed
10 minutes Securities Specialist I
2.2. If not on queue and Securities Specialist II
application is compliant, Counsel I
the processor forwards Director
the application to Counsel
I/Director’s of ice for
signature of inal review
For the amendment: 5 minutes Computer Operator
41
TIME
2.3. Issues Payment a. Amended Articles Administrative Assistant I

Assessment Form (PAF) of Incorporation – Administrative Assistant II
and directs the client to P1,000.00 Administrative Of icer II
pay via online or via b. LRF P 10.00
Landbank c. Handling Fee P
20.00
d. Documentary
Stamp Tax P 30.00
For the increase:

For corporation
with par value
a. 1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or the
stock, whichever is
higher
For corporation
without par value
42
TIME
a. 1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share but
not less than
P3,000.00 or the issue
value of the
subscribed capital
stock, whichever is
higher
b. Legal Research Fee
-equivalent to 1% of
the computed iling
fee for Increase of
Capital Stock but not
less than P10.00
c. Documentary
Stamp tax
P 60.00
d. Handling Fee P
20.00
For Corporations
inclusive of LRF of
P30.00 and DST of
P30.00
43
TIME
3. Pays the iling fees for None As indicated in PAF None Via online www.sec.gov.ph online
or Landbank
4. Proceeds to EO Counter to 4. Veri ies proof of payment None 30 minutes Receiving Of icers
present proof of payment and receives documentary If for queuing: Securities Specialist I
and documentary requirements requirements; If for Within 1 day Securities Specialist II
queueing informs client to
wait for a text, call or email if
okay to claim the approved
application.
signed Certi icate for Increase of Authorized
Capital Stock

for Increase of 10 minutes Director II
Authorized Capital Stock
6. Proceeds to the Releasing 6. Logs and releases signed None 15 minutes Of icer of the Day
Unit, signs in 2 duplicate copies Certi icate for Increase of
and in the logbook then Authorized Capital Stock
receives the approved
Certi icate for Increase of
Authorized Capital Stock
44
TIME
TOTAL For the amendment: 18 days, 5 hours

a. Amended Articles of Incorporation P1,000.00 and 10 minutes
b. LRF or
P 10.00 Maximum 20 days
c. Handling Fee P 20.00
d. Documentary Stamp Tax
P 30.00
For the increase:
For corporation with par value
a. 1/5 of 1% of the increase in capital stock but
not less than P3,000.00 or the subscription price
of the subscribed capital stock, whichever is
higher
For corporation without par value
a. 1/5 of 1% of the increase in capital stock
computed at P100.00 per share but not less than
P3,000.00 or the issue value of the subscribed
capital stock, whichever is higher
b. Legal Research Fee -equivalent to 1% of the
computed iling fee for Increase of Capital Stock
but not less than P10.00
c. Documentary Stamp tax o
P 60.00
d. Handling of Fee- P 20.00
For Corporations with FIA Application -
Additional P3,060, inclusive of LRF of P30.00
and DST of P30.00
45
This service details the procedure on Issuance of Certi icates of No Derogatory Information

Of ice:
46
Who may avail: All Registered Partnerships, Domestic Corporations, and Licensed Foreign Corporations
Pandemic

* Lending MSRD
* Foundation CGFD
For Partnerships, attach the Articles of Partnership or Corporate Secretary or at www.secexpress.ph

47
TIME
1. Secures a queuing number 1. Calls the number and None 5 minutes Of icer of the Day
from the guard on duty. informs the client to ill out
Fills out request form request form
2. Waits for the processing 2. Receives request with None 5 minutes Of icer of the Day
of request documentary requirements
a. Monitoring of 2 hours Administrative Of icer II

compliance with SEC If for queuing: Information Of icer
reports and other SEC Within 2 days
requirements; Veri ies the
status of corporation For Foundations,
through CIS-URDB Lending and
Financing –
Maximum 20 days
b. If application is cleared No Derogatory Fee: 5 minutes Administrative Assistant I

issues Payment P 500.00 Administrative Assistant II
Assessment Form cumentary Stamp Tax P Administrative Of icer II
30.00
c. If not cleared, issues a 20 minutes

checklist for compliance
Information Of icer
48
TIME
3. Pays the iling fee for None None None Via online www. Sec.
compliant application via gov.ph-online
online or Landbank services-ESPAYSEC or Landbank
4. Presents proof of 4. Process No Derogatory None 10 minutes Administrative Of icer II

payment Request through the CIS-URDB. Information Of icer
4.1. Signs the Certi icate of 5 minutes Director II

No Derogatory
Information.
5 minutes Administrative Of icer II
4.2. Seals the Certi icate of Information Of icer
No Derogatory Information
with the SEC logo
5. Receives the certi ication 5. Releases the Certi icate of None 5 minutes Administrative Of icer II
No Derogatory Information Information Of icer
(CNDI) to the applicant.
49
TIME
TOTAL No Derogatory Fee: 2 days 3 hours

P 500.00 Maximum 3 days
Documentary Stamp
Tax P 30.00 For Foundations,
Lending and
Financing –
Maximum 20 days
6. Issuance of Certi ication as to Status of a Registered Corporation

This service details the procedure on Issuance of Certi ication as to Status of a Registered Corporation.

Of ice:
Who may avail: All Registered Partnerships, Domestic Corporations, and Licensed Foreign Corporations
Pandemic
50
Monitoring Clearance EO

PAID TIME
1. Secures number from the 1. Receives request, checks None 30 minutes Administrative Of icer II
guard on duty. Fills out form status of entity in the SEC If for queuing:
for request (FOI form) with database, and retrieves the Maximum 3 days
attached government issued corporate ile.
ID of the requesting
party/representative
1.1. If available, issues a. Certi ication Fee 5 minutes Administrative Assistant I

Payment Assessment P 500.00 Administrative Assistant II
Form and directs client b. Documentary Administrative Of icer II
to pay Stamp Tax
P30.00
1.2. If not available informs None 5 minutes Administrative Of icer II

client to wait for a text, Of icer of the Day
call or email within 3
days if okay to proceed
51
PAID TIME
2. Pays the iling fee for None None None Via online www.sec.gov.ph-online
or Landbank
3. Presents the proof of payment 3. Prints the Certi ication and None 15 minutes Administrative Of icer II
forwards certi ication and
corporate records to the
3.1. Signs the certi ication 5 minutes Director II
3.2. If corporate iles are

not available informs
client to wait for a text,
call or email within 3
days
4. Proceeds to the Releasing 4. Releases signed None 10 minutes Administrative Of icer II

Unit; signs in the logbook Certi ication as to Status Of icer of the day
TOTAL a. Certi ication Fee P 2 days, 1 hour
52
PAID TIME
500.00 and 10 minutes

b. Documentary Stamp Maximum 3 days
Tax P 30.00

Commission.

Of ice:
Who may avail: All Government Agencies
Pandemic
1. FOI form (1 copy) May secure copy from the Public Assistance Desk
53
2. Photocopy of any government issued ID (1 copy) To be provided by Applicant

TIME
1. Secures number from the 1. Receives request, 30 minutes Of icer of the Day
guard on duty. Fills out form checks availability of If for queuing: Administrative Assistant I
for request (FOI form) with requested documents in Maximum 3 days Administrative Assistant II
attached government issued database and corporate Administrative Of icer II
ID of the requesting records available
party/representative
1.1. If available, Issues 5 minutes Administrative Assistant I
Payment Assessment For CTC/set: Administrative Assistant II
Form (PAF) Administrative Of icer II
Articles of
Incorporation- P
200.00
By-Laws- P 200.00
Articles of
Partnership
P 200.00
Amended Articles of
corporation- P 200.00
Amended By-Laws
-P 200.00
Amended Articles of
Partnership
-P 200.00
Increase in Capital
Stock-P 200.00
GIS- P 100.00
54
TIME
FS- number of pages

x P10.00 plus service
fee P 50.00
Certi icate of
Registration- P 50.00
d Documentary Stamp
Tax-P30.00/set
For Plain Copy

Articles of
Incorporation- P
100.00
By-Laws- P 100.00
Articles of
Partnership- P 100.00
Amended Articles of
corporation- P 100.00
Amended By-Laws-
P 100.00
Amended Articles of
Partnership- P 100.00
Increase in Capital
Stock- P70
GIS- P25
FS- number of pages
x P10.00
2. Pays the iling fee for None None None Via online www.sec.gov.ph-
compliant application via online services-ESPAYSEC or
online or Landbank Landbank
55
TIME
56
3. Presents the proof of 3 . Prepares the None 10 minutes/ Administrative Assistant I
payment (OR) and requested documents document or Administrative Of icer II
request form depends on the
type of document
3.1. If plain copy: 30minutes/ Administrative Assistant I

prints the document Administrative Of icer II
documents or depends on
the type of
document
3.2. If authenticated 5 minutes Administrative Assistant I

copy, prints and Administrative Of icer II
stamps the
documents
3.3. Releases signed 5 minutes Administrative Assistant I

CTC or ordinary Administrative Of icer II
copy
3.4. If corporate iles

are not available
informs client to
wait for a text, call
or email within 3
days
57
TIME
TOTAL For CTC/set: 1 hour, 25 minutes

Articles of or Maximum 3
Incorporation - P days
200.00
By-Laws - P 200.00
Articles of
Partnership - P
200.00
Amended Articles
of Incorporation - P
200.00
Amended By-Laws -
P 200.00
Amended Articles
of Partnership - P
200.00
Increase in Capital
Stock - P200
GIS – P100
FS – number of
pages x P10.00 plus
service fee P50
Certi icate of
Registration – P
50.00 And
Documentary
Stamp Tax – P
30.00/set
For Ordinary Copy
58
TIME
Articles of
Incorporation – P
100.00
By-Laws – P 100.00
Articles of
Partnership – P
100.00
Amended Articles
of Incorporation – P
100.00
Amended By-Laws –
P 100.00
Amended Articles
of Partnership – P
100.00
Increase in Capital
Stock – P70.00
GIS – P25.00
FS – number of
pages x P10.00
59
This service details the assistance rendered to walk-in clients on their concerns and queries pertaining to SEC
matters. This is also to provide advice and counseling on their complaints as well to refer clients to appropriate SEC

Of ice:
Who may avail: All
Pandemic
None None
60
PAID TIME
1. Secures a number from the guard 1. Calls the number and assists None 5 minutes Of icer of the Day
on duty the client
2. Presents concern/s, query or 2. For verbal assistance: None 30 minutes or Counsel I

complaint Renders advice depending more
on the nature of the depending on
concern/query; or hands out complexity of
the requested checklist of issue raised
Simple
requirements, guidelines, or
Transaction:
sample forms.
Maximum 3 days
Complex
Transaction:
Maximum 7 days
Highly Technical:
Maximum 20
days
2.1. For written complaint:

2.1. Presents verbal or written
5-10 minutes
complaint
inform the client) Counsel I
Director II
61
PAID TIME
Endorses written complaint

to the Of ice of the Director
and advises party to expect
feedback of their
queries/complaints via
email
2.2. Prepares and signs the

answer to the complaint
Simple
Transaction:
Maximum 3 days
2.3. Endorses signed answer Complex
to Administrative Assistant I Transaction:
for personal delivery or for Maximum 7 days
mailing through postal Highly Technical:
service or courier service Maximum 20 days
(for the written
complaint already
signed and the
delivery/mailing)
62
PAID TIME
TOTAL None For verbal: 35

minutes
For written: 2
days, 12 hours,
22 minutes
Or depends on
the queuing of
requests
Simple:
Maximum 3 days
Complex:
Maximum 7 days
HighlyTechnical:
Maximum 20
days
63

Of ice:
Pandemic
received by SEC via eFAST)
amendments thereto (duly received by SEC via eFAST)
64
3) Copy of the Certi icate of Incorporation and latest Certi icate
of iling of Amended Articles or By-laws (if any) together
with copies of the latest Articles of Incorporation and
By-laws
7) Secretary's Certi icate explaining the double iling of General
Information Sheet;
8) Secretary's Certi icate of No Intra-Corporate Dispute;
9) Secretary's Certi icate (Clari ication)
10)Af idavit of the Corporate Secretary (Anti-Dummy Law/One
and the Same/Auditor);
11)General Formal for Financial Statements when the gross
revenue/total assets exceeds Five Million Pesos (P5,000,000)
12)OGA's Acknowledgement on Functional Currency
65
TIME
1. Secures number 1. Calls for the number and assists None 10 minutes Of icer of the Day
from the guard on the client
duty
1.1 Submits 1.1 Pre-evaluates required 1 hour Monitoring Specialists

completely documents then forwards If for queuing: Counsel I
illed-up the request to Within 3 days for Director II
“Request for Administrative Of icer II for Guidelines on the simple monitoring
Monitoring” recording/queuing in the Imposition of ines or Within 7 days for
and the Master List penalties for Foundation
required noncompliance with Within 20 days for
documents reportorial ending and Financing
requirements;
Memorandum
of 2009 (MC8-2009);
Amended rules
Monitoring: governing the
distribution of excess
1.2 Determines compliance, pro its of
de iciencies and violations, corporation;
prepares the Monitoring Sheet Memorandum
(MSh) and will be submitted to Circular No. 8, Series
the Director for review and of 1998 (MC8-1998);
signing if inal or email to client and Of ice Order No.
if assessment is partial. 298, Series of 2010
66
TIME
2. Returns on 2. Presents the indings to the 30 minutes Monitoring Specialists

assigned day applicant or more depends on
the complexity of
the matter
2.1. Note 1: Applicant with
payment in installment of ines,
the procedure for reduction of
ines or payment in installment
will be followed. 10 minutes Monitoring Specialists
Director
2.2. If there are no de iciencies,
the Monitoring sheet will be
inalized and will be directly
submitted to the Director for
review and signing.
2.2.1. The Monitoring sheet

will be provided to the client
and should be signed received
2.3. If with penalties and

client agrees to the indings 5 minutes Monitoring Specialists
presented, Monitoring sheet
will be provided to them and
should be signed received
5 minutes Monitoring Specialists
67
TIME
3. Pays the assessed None Depends on the None Via online www.sec.gov.ph- online
ines/penalties via assessed ines services-ESPAYSEC or Landbank
online or Landbank
TOTAL Depends on the 2 days, 2 hours

assessed ines and 5 minutes
If for queueing:
Maximum 3 days
Within 7 days for

Foundation
Within 20 days for
Lending and
Financing
68
10. Registration of Corporations through SEC - eLECTRONIC
SIMPLIFIED PROCESSING OF APPLICATION FOR REGISTRATION OF
COMPANY (SEC - ESPARC) for Regular Corporations
The SEC - ESPARC is a facility to cater application for registration of

1. One Person Corporation (OPC) 2. Domestic corporations (stock and nonstock) 2-4 incorporators and 5 or more
incorporators,

Of ice:
Pandemic
69

2. Articles of Incorporation (AI)* ESPARC -generated
2.1. Tax Identi ication Numbers (TIN) of Filipino
including corporate subscribers (to be
2.2. Tax Identi ication Numbers (TIN) or passport
numbers of foreign incorporators, directors
and stockholders (to be written in the Articles
of Incorporation and applicable document/s)
3. Treasurer’s Af idavit* (in case not incorporated in
the Articles of Incorporation)
ESPARC -generated
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form ESPARC -generated
(F-100),* if more than 40% foreign equity ESPARC -generated
Additional Requirements:
• Foreign Investments Act F-100 (for corporations with
more than 40% foreign equity) whose paid-up capital
is CASH or PEZA Endorsement if located within the
PEZA economic zones
• Clearance from other government agencies
(depending on industry)
70
For Partnerships as incorporators

⮚ Partners’ Af idavit duly notarized stating that they
have authorized the partnership to invest in the
corporation about to be formed and designating
one of the partners as the signatory of the
corporation.
⮚ Copy of the Certi icate of Registration
For Domestic Corporation as incorporators

⮚ Board Resolution, Directors’/ Trustees’ Certi icate
or Secretary’s
Certi icate, indicating the necessary approvals of
the investment, as well as the authorized signatory
to the incorporation documents, executed under
oath
⮚ Latest General Information Sheet
For Foreign Corporation as incorporators

or Secretary’s Certi icate, duly authenticated by a
Philippine Consulate or with an Apostille af ixed
thereto, authorizing the foreign corporation to
invest in the corporation being formed and
speci ically naming the designated signatory on
behalf of the foreign corporation
71
⮚ Proof of Existence of the Foreign Corporation such

as Apostilled Certi icate of Registration or
Apostilled Certi icate of Good Standing
⮚ Certi icate of Inward Remittance
For Foreign Corporation as subscribers

or Secretary’s Certi icate, duly authenticated by a
Philippine Consulate or with an Apostille af ixed
thereto, authorizing the foreign corporation to
invest in the corporation being formed
⮚ Proof of Existence of the Foreign Corporation such
as Apostilled
Certi icate of Registration or Apostilled Certi icate
of Good Standing
*4 sets of hard copies to be received by *4 sets of hard copies to be received by the

the BACEO Processor with at least four BACEO Processor with at least four sets in
sets in original form containing the original form containing the original
original signatures of the required signatures of the required signatories and
signatories and notary public. notary public.
72
For non-stock religious’ aggregates For non-stock religious’ aggregates

1. Af idavit of ESPARC-generate 2. Af idavit of Af irmation/Veri ication ESPARC-generated
Af irmation/Veri ication by the d by the chief priest, rabbi, minister, or
chief priest, rabbi, minister, or presiding elder *not required if
presiding elder *not required if already part of the Articles of
already part of the Articles of Incorporation
Incorporation
For Foundation For Foundation

1. Notarized certi icate of bank Banks 3. Notarized certi icate of bank deposit Banks
deposit of the contribution, of the contribution, which shall not be
which shall not be less than less than P1,000,000.00
P1,000,000.00 4. Statement of Willingness to allow the
2. Statement of Willingness to allow Commission to conduct an audit
the Commission to conduct an
audit
For Federation For Federation

1. List of Member-Associations 1. List of Member-Associations certi ied
certi ied by the Corporate ESPARC-generate by the Corporate Secretary ESPARC-generated
Secretary d
73
For Confederation For Confederation

2. List of Member-Federations Corporate 2. List of Member-Federations certi ied Corporate Secretary
certi ied by the Corporate Secretary by the Corporate Secretary
Secretary
For condominium For condominium corporation/association

corporation/association Condominium 3. Notarized Copy of the Master Deed Condominium
1. Notarized Copy of the Master Developer and with primary entry of the Register of Developer and Register
Deed with primary entry of the Register of Deeds Deeds of Deeds
Register of Deeds 4. Certi ication that there is no existing
2. Certi ication that there is no Applicant similar condominium association Applicant Condominium
existing similar condominium Condominium within the condominium project Corporation/Associatio
association within the Corporation/Asso n to be executed by the
condominium project ciation to be Corporate Secretary
executed by the
Corporate
Secretary
For corporations with Less than Five For corporations with Less than Five (5)
(5) Incorporators ESPARC-generated Incorporators ESPARC-generated
• Cover Sheet • Cover Sheet
• Articles of Incorporation (for • Articles of Incorporation (for stock
stock and non-stock and non-stock corporations)
corporations)
74
• Treasurer’s Af idavit (for stock • Treasurer’s Af idavit (for stock

corporation only, optional if corporation only, optional if
Treasurer’s Certi icate in Treasurer’s Certi icate in accordance
accordance with the RCC is with the RCC is incorporated in the
incorporated in the Articles of Articles of Incorporation (AI))
Incorporation (AI)) • By-Laws (for stock and non-stock
• By-Laws (for stock and corporations)
non-stock corporations) • Foreign Investments Act Form 100
• Foreign Investments Act Form (for stock corporations with more
100 (for stock corporations with than 40% foreign equity) whose
more than 40% foreign equity) paid-up capital is CASH
For One Person Corporation (OPC) For One Person Corporation (OPC)
• Cover Sheet ESPARC-generated • Cover Sheet ESPARC-generated
• Articles of Incorporation • Articles of Incorporation
• Acceptance letter of the Nominee • Acceptance letter of the Nominee and
and Alternate Nominee Alternate Nominee
*Please be informed to arrange in accordance with the order in the checklist in 2 original and 2 photocopies
75
PAID
1. Proceeds to application form at 1.Veri ies proposed None System-generated

https://esparc.sec.gov.ph/ and company name. System
select Proceed to Regular approves/denies the
Processing proposed company name
1.1. Veri ies, reserves, or in accordance with
appeals the proposed company Memorandum Circular No.
name including trade or 13, series of 2019
business names, if applicable
1.1.1 If approved, proceed

with the encoding of
company
information
1.1.2. If denied, avails of

online appeal of rejected
names by uploading appeal
letter and/or supporting
documents in step 1.4


details/information
1.4. Submits online application

and uploads name appeal
document/s and other
pre-de ined additional
requirements
76
PAID
1.5. Receives application

Reference Number
2. Waits for the evaluation of 2. Veri ies the name and None Within 7 working days Computer Operator
submitted documents evaluates the Administrative Of icer II
application. Approves Con idential Assistant III
application if compliant Securities Specialist I and II
and if not, returns the Information Of icer
same with remarks.
3. Receives noti ication through 3. System issues None None Administrative Of icer II
email. If for compliance, opens the compliance e-mail alert if Con idential Assistant III
existing application using the the documents are Securities Specialist I and II
application reference number incomplete or with Information Of icer
provided and complies the de iciencies
de iciencies and/or completes the
requirements
3.1. If compliant, may proceed 3.1. Reviews the 10 minutes

with the printing and uploaded documents, if
notarization of documents compliant applicant will
then uploads in the system. receive the Payment
for the registration fees
77
PAID
4. Pays the registration fees None None None

speci ied in the Payment Via online
Assessment Form (PAF) www.sec.gov.ph-online
Landbank
5. Proceeds to the EO Receiving 5. Reviews the documents None 20 minutes Receiving Of icers
Section and submits four (4) submitted and proof of
original sets of documentary payment
requirements and proof of payment
5.1 If complete and 10 minutes Receiving Of icers
compliant, documents
are stamp received and
forwarded to the
person in charge of the
generation of
certi icate.
5.2. Generates the 5 minutes Administrative Assistant I

Certi icate Administrative Assistant II
5.3. If incomplete
and/or non-compliant,
returns the application
to the applicant
78
PAID
5 minutes Receiving Of icers
6. Proceeds to the EO Releasing 6. Releases Certi icate None 5 minutes Releasing Of icers
Section, signs 2 in the duplicate to the applicant Processors
copies and in the logbook. Then
receive the Certi icates of
Incorporation.
TOTAL: For stock Within 7 working

corporation days (Review of
based submitted
on the application in
ESPARC)
authorized
55 minutes
capital stock:
(Receiving, printing
With par of Certi icate)
value:
1/5 of 1% of
the
authorized
capital
stock but not
less
79
PAID
than PHP
2,000
or the
subscription
price
of the
subscribed
capital stock
whichever is
higher
Without par
value:
1/5 of 1% of
the
authorized
capital
stock
computed at
PHP 100 per
share but not
less
than PHP
2,000
or the issue
value
of the
subscribed
capital stock
80
PAID
whichever is
higher
By-Laws for
both
stock and
non-stock
corporations:
PHP
1,000
Articles of
Incorporation
for
non-stock
corporation:
PHP
1,000
Foreign
Investments
Act
(FIA) Form
100:
PHP 3,000.00
Company
Name
Reservation:
PHP
100.00
81
PAID
Each
additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax:
PHP
30.00
Legal Research
Fee (LRF): 1%
of
the Filing Fee
but
not less than
Ten
Pesos (PHP
10.00)
82
11. Registration of Corporations through SEC - eLECTRONIC
SIMPLIFIED PROCESSING OF APPLICATION FOR REGISTRATION OF
COMPANY (SEC - ESPARC)
The SEC - ESPARC is a facility to cater application for registration of
1. Lending and Financing Companies 2.Partnerships and 3. License to do business for foreign corporations.

Of ice:
Pandemic

2. Articles of Incorporation (AI)* ESPARC -generated
83

including corporate subscribers (to be
numbers of foreign incorporators, directors ESPARC -generated
and stockholders (to be written in the Articles
of Incorporation and applicable document/s) ESPARC -generated
3. Treasurer’s Af idavit* (in case not incorporated in the ESPARC -generated
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form
(F-100),* if more than 40% foreign equity
ESPARC -generated
• Foreign Investments Act F-100 (for corporations with
more than 40% foreign equity) whose paid-up capital
is CASH or PEZA Endorsement if located within the
PEZA economic zones For Lending Companies:
• Clearance from other government agencies https://www.sec.gov.ph/wp-content/uploads/2021/06/2021CheckList_
(depending on industry) Lending.pdf
• Additional Requirements for Lending Companies and For Financing Companies

Financing Companies https://www.sec.gov.ph/wp-content/uploads/2021/06/2021CheckList_
Financing.pdf
84
For Foreign Corporation

https://www.sec.gov.ph/wp-content/uploads/2019/12/2015PR_Docum
entaryRequirement_ForeignCorp.pdf
• Additional Requirements for Foreign Corporation
ESPARC -generated
ESPARC -generated
For Partnership Bureau of Internal Revenue (BIR)
1. Cover Sheet*
2. Articles of Partnership* Bureau of Internal Revenue (BIR)
● Tax Identi ication Numbers (TIN) of Filipino
partners including domestic partnership (to be
written in the Articles of Partnership and
● Tax Identi ication Numbers (TIN) or passport
numbers of foreign partners (to be written in
the Articles of Partnership and applicable
document/s)
● Proof of existence of foreign company (if a
partner in the partnership agreement is signed
in the home country)
85
● Board Resolution of the Foreign Company

authorizing it to be a partner in a Contract of
Partnership
● (Authenticated/Apostilled Document) and
designating the authorized signatures
● If there are one (1) or more foreign partners
Signed & notarized F-105 (Foreign Investments
Act Application Form) Philippine Embassy/Consulate
● If documents were signed in a foreign
jurisdiction, Authenticated/Apostilled Articles
of Partnership and/or F-105 (2 original; 2
photocopies)
*4 sets of hard copies to be received by the BACEO Processor

with at least four sets in original form containing the original
signatures of the required signatories and notary public.
*Please be informed to arrange in accordance with the order in the checklist in 4 documents
86
PAID
1. Proceeds to application form 1.Veri ies proposed None System-generated

at https://esparc.sec.gov.ph/ company name. System
and select Proceed to Regular approves/denies the
Processing proposed company
1.1. Veri ies, reserves, or name in accordance with
appeals the proposed Memorandum Circular
company name including No. 13, series of 2019
trade or business names, if
applicable
1.1.1 If approved,
proceed with the
encoding of company
information
1.1.2. If denied, avails of

online appeal of
rejected names by
uploading appeal letter
and/or supporting
documents in step 1.4


details/information
87
PAID
1.4. Submits online

application and uploads
name appeal document/s
and other pre-de ined
additional requirements
1.5. Receives application
Reference Number
2. Waits for the evaluation of 2. Veri ies the name None Within 7 working Computer Operator
submitted documents and evaluates the days Information Of icer
application. Approves Securities Specialist I and II
application if
compliant and if not,
returns the same with
remarks.
2.1 If compliant,
applicant will
receive the
Payment
Assessment Form
(PAF) for the
registration fees
88
PAID
3. Receives noti ication 3. System issues None None Securities Specialist II

through email. If for compliance e-mail alert
compliance, opens the existing if the documents are
application using the incomplete or with
application reference number de iciencies
provided and complies the
de iciencies and/or completes
the requirements
10 minutes
3.1. If
compliant,downloads the
articles of incorporation
and/or by-laws from the
system, or prepares own
form of articles of
incorporation and/or
by-laws ensuring the
same details as
that inputted, for
signature of the
incorporators and
notarization/authenticatio
n
89
PAID
4. Pays the registration fees None None None

speci ied in the Payment Via online
Assessment Form (PAF) www.sec.gov.ph-online
Landbank
5. Proceeds to the EO 5. Reviews the None 20 minutes Receiving Of icers

Receiving Section and documents submitted
submits four (4) original sets and proof of payment
of documentary
requirements and proof of 5.1 If complete and 10 minutes Receiving Of icers
payment compliant,
documents are
stamped received
and forwarded to the
person in charge of 10 minutes Administrative Assistant I
the generation of Administrative Assistant II
certi icate. Securities Specialist II
For LCs and FCs
90
PAID
5.1.1 The
Receiving Of icer
forwards the
documents to the
Securities
Specialist for the
checking of the
additional
requirements for
LCFCs.
5.1.2 Securities
Specialist returns
documents to
Receiving Of icer
5.2. Generates the

Certi icate
5.3. If incomplete
and/or
non-compliant,
returns the
application to the
applicant
91
PAID
6. Proceeds to the EO 6. Releases Certi icate None 5 minutes Releasing Of icers

Releasing Section, signs 2 in to the applicant Processors
the duplicate copies and in the
logbook. Then receive the
Certi icates of Incorporation.
TOTAL: For stock Within 7 working

corporation days (Review of
based submitted
on the application in
authorized ESPARC)
capital stock: 55 minutes
With par (Receiving,
value: printing of
1/5 of 1% of Certi icate)
the
authorized
capital
stock but not
less
than PHP
2,000
or the
subscription
price
92
PAID
of the
subscribed
capital stock
whichever is
higher
Without par
value:
1/5 of 1% of
the
authorized
capital
stock
computed at
PHP 100 per
share but not
less
than PHP
2,000
or the issue
value
of the
subscribed
capital stock
whichever is
higher
By-Laws for
both
stock and
93
PAID
non-stock
corporations:
PHP
1,000
Articles of
Incorporation
for
non-stock
corporation:
PHP
1,000
Foreign
Investments
Act
(FIA) Form
100:
PHP 3,000.00
Company
Name
Reservation:
PHP
100.00
Each
additional
trade name/s:
PHP 100.00
Documentary
94
PAID
Stamp Tax:
PHP
30.00
Legal
Research
Fee (LRF): 1%
of
the Filing Fee
but
not less than
Ten
Pesos (PHP
10.00)
95
12. One-day Submission and E-registration of Companies (OneSEC)
The One day Submission and E-registration of Companies (OneSEC) is a subsystem of the ESPARC that is currently
catering to registration applications of DOMESTIC STOCK corporations which may be a ONE PERSON CORPORATION
or CORPORATION with 2 to 15 incorporators, board of directors, and stockholders. This ESPARC subsystem is
considered “pass through” since it only requires minimal encoding of data on the part of the registrants, as most of
the company information are already pre- illed. The OneSEC processing is completely seamless and fully automated
in the absence of human intervention on the part of the Commission starting from the name veri ication on the
proposed corporate name, until the issuance of the digital copy of the Interim Certi icate of Incorporation.

Of ice:
Pandemic
For Stock corporation OneSEC generated

1. Cover Sheet*
2. Articles of Incorporation (AI)* OneSEC generated
96

incorporators, directors, stockholders including
corporate subscribers (to be written in the Articles of
Incorporation and applicable document/s)
numbers of foreign incorporators, directors and
stockholders (to be written in the Articles of
Incorporation and applicable document/s)
OneSEC generated
3. Treasurer’s Af idavit* (in case not incorporated in the
OneSEC generated
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form

(F-100), * if more than 40% foreign equity
Sample forms of Cover Sheet, Joint Af idavit of Undertaking to
6. Joint Af idavit of Undertaking to Change Name (in case Change Name and Af idavit of Relinquishment available at the SEC
not incorporated in the Articles of Incorporation) * website at www.sec.gov.ph
7. Af idavit of Relinquishment (in case the treasurer is a

foreigner and the business activity of the registrant is a
partly-nationalized activity*
Parent Company of the Foreign Corporation and Philippine
8. Authenticated/Apostilled Articles of Incorporation and Embassy/Consulate
ByLaws and supporting documents, if the same were
executed in a foreign jurisdiction (1 original, 2 photocopies)
97
9. Endorsement/Clearance from other government

agencies, if applicable (1 original, 2 photocopies)
Other requirements must be secured by the registrant from the
appropriate government agency or SEC department, or to be
10. Endorsement/Clearance from other departments of
supplied by the registrant, if applicable
the SEC, if applicable (1 original, 2 photocopies)
11. Endorsement/Clearance from a) Philippine Economic

Zone
Authority (PEZA); b) Subic Bay Metropolitan Authority
(SBMA) or Clark Development Corporation (CDC); and/or c)
Cagayan Economic Zone Authority (CEZA), if applicable; (1
original, 2 photocopies) SEC-Registered Domestic Corporation
12. Certi icate of Incorporation and Articles of
Incorporation or latest General Information Sheet (GIS) of
any corporate subscriber (1 photocopy)
Foreign Corporation abroad
13. Proof of existence of foreign corporate subscriber/s (1
photocopy)
14. Other requirement/s as may be required by the SEC

BACEO Director (1 original, or if applicable, 1 photocopy
only)
*Four (4) sets of hard copies to be received by SEC BACEO

with at least two (2) sets in original form containing the
original signatures of the required signatories and notary
public.
98
RESPONSIBLE
1. Proceeds to application form at 1. Veri ies proposed None 10 minutes Name Veri iers
https://secwebapps.sec.gov.ph company name
(ONESEC PROCESSING OF
ESPARC)
1.1. Veri ies, reserves the 1.1. Validates
proposed company name information and
acknowledges
1.2. Receives the One Time submission of
Passcode documents
through email
1.3. Encodes and submits

Company
details/information
2. Proceeds to Online Payment 2. Processes online a) Articles of System generated

payment transaction Incorporation,
2.1. Pays through the and provides Electronic Stock Corp., with
SEC Online payment portal Of icial Receipt par value: 1/5 of
URL:https://www.sec.gov.ph 1% of the
/secpayment-portal/ authorized capital
stock or the
subscription price
99
RESPONSIBLE
2.2. Prints Con irmation Receipt. of the subscribed

Downloads and print the capital stock,
eLectronic Of icial Receipt whichever is
(eOR) higher, but not
less than PHP
2.3. Downloads and prints 2,000.00 plus
the Digital Certi icate of 1% Legal
Incorporation Research
Fee (LRF) but not
less than PHP
20.00.
Stock corp.,
without par value:
1/5 of
1% of the
authorized capital
stock computed
at PHP 100 per
share of the
subscription price
of the
subscribed
capital
stock, whichever is
higher but not less
than PHP 2,000.00
100
RESPONSIBLE
plus 1% LRF but

not less than
P20.00;
b.) By-Laws: PHP
1,020.00, inclusive
of LRF;
c.) Name
reservation: PHP
100.00 for each
corporate name
3. Proceeds to the BACEO Counter and 3. Checks the submitted None 15 minutes Receiving Of icers
submits documentary requirements proof of payment and
such as: four (4) sets of copy of the documentary
digital COI, proof of payment, requirements
originally signed and authenticated* or
notarized hard copies anytime within a 3.1. Prints the 5 minutes Administrative
period of one year from the date original system Assistant I
stated in the Digital Certi icate of generated Administrative
Incorporation Certi icate of Assistant II
Incorporation and
cover sheet
1 hour Computer Operator
3.2. Assigns the If for queuing: Counsel I
OneSEC for Post Within 7 days Director II
Audit
101
RESPONSIBLE
4. Receives the Original system- 4. Releases the

generated Certi icate of Incorporation Certi icate to the 10 minutes Of icer of the Day
applicant
Releasing Of icers
TOTAL Articles of 6 days 1 hour and

Incorporation, 40 minutes if for
Stock Corp. with queuing
par value: Maximum 7 days
a. 1/5 of 1% of
the authorized
capital stock or
the
subscription
price
of the subscribed
capital stock,
whichever is
higher, but not
less than PHP
2,000.00 plus
b. 1% Legal
Research
Fee (LRF) but
not less than
PHP
102
RESPONSIBLE
20.00.
c. Handling Fee-
P 20.00
d. Documentary
Stamp-
P 30.00
Stock corp.,
without par
value:
a. 1/5 of 1% of
the authorized
capital
stock computed
at PHP 100 per
share of the
subscription
price of the
subscribed
capital stock,
whichever is
higher but not
less than PHP
2,000.00 plus
b. 1% LRF but
not less than
P20.00
c. Handling Fee-
P 20.00
103
RESPONSIBLE
d. Documentary
Stamp- P 30.00
By-Laws: PHP
1,020.00,
inclusive of LRF;
Name
reservation: PHP
100.00 for each
corporate name
and PHP 100.00
for each trade
names
104
13. Petition for Revival of Corporate Existence
This service details the procedure and documentary requirements for the revival of corporate existence. The process
is done through iling a veri ied petition for revival of corporate existence under the 2016 SEC Rules of Procedure and
all the documentary requirements mentioned in the SEC Memorandum Circular No. 23, series of 2019.

Of ice:
Classi ication: Highly Technical, governs by the 2016 SEC Rules of Procedure
Pandemic
Submit 1 original and 2 photocopies; in A4 size bond

paper
To be provided by the applicant or avail of the services from the law
1. Veri ied Petition for Revival of Corporate Existence
of ices.
*Essential contents of the veri ied petition for revival

of corporate existence are discussed in the SEC
Memorandum Circular No. 23, series of 2019 which
can be access through the following link:
105
http://www.sec.gov.ph/wp-content/uploads/2020/0
1/2019MCNo23n.pdf
2. Photocopy of Petitioner’s Certi icate of From the records of the company or secure copy from the
Incorporation and Articles of Incorporation www.secexpress.ph, a system to secure SEC Documents.
3. Photocopy of Petitioner’s Certi icate (s) of Filing of From the records of the company or secure copy (ies) from the
Amended Articles of Incorporation, with the www.secexpress.ph, a system to secure SEC Documents.
respective Amended Articles of Incorporation, if
Petitioner’s Articles of Incorporation were amended
4. Revived Articles of Incorporation, consisting of To be provided by the applicant.

Petitioner’s latest Amended Articles of Incorporation
and the proposed changes in the corporate term to
be effected by the revival, which shall be underlined
5. Petitioner’s duly accomplished General Information To be provided by the applicant.

Sheet (“GIS”) as of the date of expiration of its Format of the General Information Sheet is downloadable at sec website
corporate term, or an equivalent document, such as, thru the following link:
but not limited to, the Secretary’s Certi icate http://www.sec.gov.ph/reportorial-requirements/corporations-with-prima
indicating the list of stockholders and of icers with ry-licenses-2/
the corresponding stockholdings
106
6. Notarized list of stockholders or members as of the To be provided by the applicant

date of approval of the revival, stating their names,
their nationalities, and number of shares subscribed,
amount subscribed and paid, or the respective
members’ contributions for nonstock corporations,
certi ied by the Corporate Secretary
7. “If” there has been a change in the composition of To be provided by the applicant
the stockholders or members since the expiration of
Petitioner’s corporate term, the GIS of the Petitioner
as of the date of stockholders’ or members’ approval
of the resolution to ile the Petition for Revival of its
corporate existence, or the date of the board of
directors’ or trustees’ approval of the iling of the
said Petition, whichever is later
8. Photocopy of the supporting evidence (e.g. Deed of To be provided by the applicant

Sale, with the Certi icate Authorizing Registration,
Deed of Assignment, Death Certi icate of a
stockholder/member) referred to in the
Reconciliation of the changes in the composition of
the stockholders or members
107
9. Photocopy of Petitioner’s Audited Financial To be provided by the applicant

Statements as of the date of expiration of its
corporate term, and for the year immediately
preceding, as audited by an Independent Certi ied
Public Accountant
10. Photocopy of Petitioner’s Audited Financial To be provided by the applicant

Statements as of a date not exceeding one hundred
twenty (120) days prior to the date of iling of the
Petition for Revival, and for the year immediately
preceding, as audited by an Independent Certi ied
Public Accountant
11. Photocopy of the Of icial Receipt(s) for the Payment To be provided by the applicant upon payment of the Petition Fee and
of the Petition Fee and Filing Fee Filing Fee pursuant to SEC Memorandum Circular No. 3, series of 2017
which may be access thru the following link:
http://www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new2
.pdf
12. A favorable recommendation of the appropriate Bangko Sentral ng Pilipinas (BSP)

government agency in the case of banks, banking Insurance Commission (IC)
and quasi-banking institutions, preneed, insurance,
and trust companies, NSSLAs, pawnshops,
corporations engaged in money service business,
and other inancial intermediaries
108
13. “If” petitioner’s corporate name has already been To be provided by the applicant.
validly reused, and is currently being used, by
another corporation duly registered with the
Commission, Proof of Reservation of Petitioner’s
Proposed New Corporate Name.
14. “If” petitioner is an expired corporation which To be provided by the applicant

already availed of re-registration, in accordance with
SEC Memorandum Circular No. 13, series of 2019, or
other memorandum circulars issued by the
Commission pertaining to re-registration,
Certi ication, under oath issued by the Corporate
Secretary of the re-registered corporation stating
that:
a. the re-registered corporation has given its
consent to the Petitioner to use its corporate
name, and has undertaken to undergo voluntary
dissolution immediately after the issuance of the
Petitioner’s Certi icate of Revival; “or”
b. the re-registered corporation has given consent
to the Petitioner’s to use its corporate name, and
has undertaken to change its corporate name
immediately after the issuance of the Petitioner’s
Certi icate of Revival.
15. Upon iling of Petition for Revival of Corporate Publisher of a newspaper of general circulation
Existence from the Commission:
109
a. Within ifteen (15) days from iling, Petitioner or

its duly representative, shall publish in a
newspaper of general circulation its Petition for
Revival, stamped “Received” by the Commission,
with the corresponding docket number;
b. Within ifteen (15) days from iling, Petitioner or
its duly representative, shall ile with the
Commission the following pieces of evidence of
the publication of the Veri ied Petition for Revival
in a newspaper of general circulation:
i. Af idavit of the Newspaper
Editor-in-Chief/Managing Editor/ Content
Editor attesting to the fact of publication of the
Petition for Revival; and
ii. Actual Newspaper cutout of publication
showing the date and name of the newspaper,
and all the pages of the Petition with its
attachments
110
PAID RESPONSIBLE
1. Secures queuing number 1. Checks the completeness of None 30 minutes Processor

from the guard on duty for the veri ied petition for revival
presentment of veri ied of corporate existence and the
petition for revival of attached supporting
corporate existence with documents
supporting documents
application 1.1. Forwards the petition to None 30 minutes Receiving Of icer
the Con idential Assistant Processors
II for the recording and
assignment of cases.
1.2. Records the case to the 5 minutes Con idential

case management system Assistant II
(excel ile/logbook) and
assigns the same to the
Processor
1.3. Assigned lawyer reviews 2 hours

the veri ied petition for If for queuing:
revival of corporate Within 15 days Legal Counsel I
existence and the attached Director II
30 minutes
Legal Counsel I
Director II
111
PAID RESPONSIBLE
1.3.1. If incomplete,
prepares the checklist
of requirements and
return to the
applicant-representati
ve
2. Returns on assigned day 2. Returns and discusses to the 30 minutes Counsel I

applicant-representative either:
2 .Receives the result of the

pre-processing of the 2.1. Checklist of Requirements,
assigned lawyer to the if incomplete or with
de iciency (ies) on the
submitted petition.
submitted petition and its
112
PAID RESPONSIBLE
2.2. If complete: Issues P3,080.00, for 5 minutes Computer Operator

Payment Assessment Form Petition Fees Administrative
(PAF) and instruct the Assistant I
applicant-representative to Filing Fee for Administrative
pay the extension Assistant II
of term of Administrative Of icer
existence II
computed
based on the
present
authorized
capital stock
of the
company (for
stock
corporations)
pursuant to
SEC
Memorandum
Circular No. 3,
series of 2017
3 . Pays the iling fee via online None As indicated in None Via online
or Landbank the PAF www.sec.gov.ph- online
Landbank
113
PAID RESPONSIBLE
4. Proceeds to receiving section 4. Receives proof of payment, veri ied None 5 minutes Receiving Of icers
for presentment of proof of petition and its supporting documents Counsel I
payment and the pre-processed and advise the party to wait for the
veri ied petition and its company name to be called
supporting documents.
4.1. Receives one copy of 4.1. Dockets the veri ied petition
the docketed case and return to the applicant 5 minutes Con idential
document and its representative one (1) copy and its Assistant III
supporting documents. supporting documents for
publication in the newspaper of
general circulation
114
PAID RESPONSIBLE
5. Receives an update on the 5. Assigned lawyer drafts the Order on None 30 minutes Legal Counsel I
requested service. the submitted petition for revival of If for queuing: Director II
corporate existence to be emailed to Within 3 days
the Head Of ice with transmittal
Memo.
5.1. Director reviews the draft Order.
5.1.1. If with correction/s and/or 30 minutes Legal Counsel I

suggestions on the draft Order, Director II
return the case record to the
handling lawyer
5.1.2. If compliant, signs the draft

Order and transmittal letter in
three (3) sets and return the case
10 minutes
record to the Con idential
If for queuing:
Assistant III for transmittal of Con idential Assistant
documents Within 1 day III
115
PAID RESPONSIBLE
6. Waits for the approval from En 6. Emails or calls the client if None Depends on the Con idential Assistant
Banc. already approved queueing/schedule of all III
applications from the head
of ice and extension of ices
7. Presents original proof of 7. Releases the signed Order and/or None 5 minutes Of icer of the day
payment to the Releasing Certi icate of Revival to the
staff and claims the signed authorized
Order and/or Certi icate of applicant-representative
Revival 7.1. *If unclaimed, mails signed
Order and/or Certi icate of
Revival to the principal of ice
address of the corporation
TOTAL a.) Petition Within 20 working

Fee days, four (4) hour and
P3,080.00 8 minutes*
Maximum 20 days
b) Filing Fee per application
for revival of *could be extended
corporate subject to issuance of
exis notice to the Petitioner
tence Re: Reason for the
Extension
116
PAID RESPONSIBLE
Articles of
Incorporatio
n, Stock
Corp., with
par value:
1/5 of 1% of
the
authorized
capital stock
or the
subscription
price of the
subscribed
capital stock,
whichever is
higher, but
not less than
PHP 2,000.00
plus
1% Legal
Research Fee
(LRF) but not
less than PHP
20.00
Handling Fee
PHP 20.00
Documentary
Stamp Tax
–PHP30.00
117
14. Petition to Lift Order of Revocation/Suspension
This service details the procedure on the iling of Petition to Lift Order of Revocation/Suspension.

Of ice:
Who may avail: General transacting public and business entities for Corporations whose certi icates of registration were
revoked or suspended by the Commission for failure to comply with the reportorial requirements and
whose corporate term has not yet expired.
Pandemic
1. Veri ied petition to set aside the Order of Revocation or Clients’ Records
Suspension1 which shall include the following certi ication (1
original copy):
1
SEC Memorandum Circular No. 3 Series of 2014
118
2. The company through its authorized representative hereby

certi ies that the latest inancial statements that are submitted
with this Petition are accurate, compliant with applicable
inancial reporting framework and are supported by suf icient
and valid source documents and schedules. This sworn
certi ication extends to all the beginning balances of the
accounts from previous years during which the company
failed to submit audited inancial statements. In relation to
this, attached in the Petition is a sworn certi ication from the
company’s extended auditor;
3. Directors’ or Trustees’ Certi icate (1 original copy);
4. Latest due General Information Sheet (1 photocopy);
5. Amended General Information Sheet, if any (1 photocopy);
6. Latest due Financial Statements (1 photocopy);
7. Amended Financial Statements, if any (1 photocopy);
8. Copy of Certi icate of Incorporation and latest Certi icate of
Filing of Amended Articles or By-Laws (if any) together with
latest Articles of Incorporation and By-Laws (1 photocopy);
9. Secretary’s Certi icate of No Intra-corporate Controversy
including third party whether administrative or criminal cases
(1 original copy)
10. Sworn Certi ication by the External Auditor (1 original)
11. Proofs of operation for each year, starting from the date of
revocation or date of incorporation (for a suspension order)
up to the time of iling of the petition, any of the following but
not limited to:
12. Audited Financial Statements (1 photocopy);
13. Income Tax Returns (1 photocopy);
14. Mayor’s or Business Permits (1 photocopy);
119
15. Contracts (1 photocopy);

16. Receipts showing payment of Real Estate Tax
(1 photocopy);
17. Certi ication/Recognitions/Annual Convention; or Any
Similar/related documents (1 photocopy)
18. Latest Mayor’s/Business Permit (1 photocopy);
19. BIR Certi icate of Registration (1 photocopy); and
20. Certi ication from Corporate Secretary certifying that it is the
latest Financial Statement and Income Tax Return were
21. Certi ication from Corporate Secretary certifying that its latest
Financial Statement and Income Tax Return were received by
SEC and BIR respectively (1 original copy) Note: Pursuant to
the latest instruction by the Commission En Banc.
Additional requirements for foreign corporations:

1. SEC License and Application (1 photocopy);
2. Copy of latest Certi icate of Securities Deposit, if any (1
photocopy);
3. If with Foreign Direct Cost, Special Audit Purpose Income
Statement/Special Audited Financial Statement (1
photocopy);
4. For Branch Of ices of Foreign Airline Companies, Modi ied
Formula Computation (1 photocopy);
5. For Regional Operating Headquarters (ROHQ) and
Regional Area Headquarters (RHQ), Proof of Inward
Remittance (1 photocopy)
120
TIME
1. Secures a queuing 1. Assists the applicant

number from the guard None 5 minutes Of icer of the Day
on duty
2. Wait to process the 2. Check the completeness of the

request. requirements. None 30 minutes Counsel I
2.1. Receives the 2.1. If documents are NOT 10 minutes Counsel I

documents together with COMPLETE, the same are
the transmittal/request returned together with the
form with checklist of Checklist of Requirements.
requirements.

2.2. Fills out a COMPLETE, accepts the 10 minutes Counsel I
transmittal/request form request, informs the applicant
to wait for a text, call, email
within 20 working days;
forwards to records of icer for
encoding in the Master List for
assignment/queuing to
processors
121
TIME
(Exclusive of Monitoring) 2 hours Counsel I

If for queuing:
2.3. Processes the application Within 18 days
122
3. Returns on assigned day 3. Returns and discusses to the 30 minutes Counsel I
applicant-representative either:
3.1. Receives the

result of the 3.1. Checklist of
pre-processing of the Requirements, if incomplete
assigned lawyer to or with de iciency (ies) on
submitted petition the submitted petition and
its supporting documents
3.2. If complete: Issues

P3,080.00, for 5 minutes Computer Operator
Payment Assessment Form
Petition Fees Administrative Assistant I
(PAF) and instruct the
applicant-representative to Administrative Assistant II
pay Administrative Of icer II
123
TIME
Filing Fee for the

extension of term of
existence computed
based on the
present authorized
capital stock of the
company (for stock
corporations)
pursuant to SEC
Memorandum
of 2017
4. Pays the iling fee via 4. None As indicated in PAF None Via online www.sec.gov.ph-
online or Landbank online services-ESPAYSEC or
Landbank
5. Presents proof of
payment 5. Validates proof of payment and None 15 minutes Counsel I
receives documentary
requirements
124
TIME
5.1. Forwards the petition 5 minutes Con idential Assistant III

to the Con idential
Assistant III for the
recording and assignment
of cases.
5.2. Signs the draft Order 10 minutes Counsel I

and transmittal letter in Con idential Assistant III
three (3) sets and return Director II
the case record to the
for transmittal of
documents
6. Waits for the 6. Emails or calls the client if None Depends on the
approval from En already approved queueing/sche Con idential Assistant III
Banc. dule of all
applications from
the head of ice
and extension
of ices
125
TIME
7. Presents original proof 7. Releases the signed Order None 10 minutes Of icer of the day
of payment to the for the Petition to Lift the Order
Releasing staff and claims of Revocation/Suspension to
the signed Order for the the authorized
Petition to Lift the Order of applicant-representative.
Revocation/Suspension.
TOTAL Petition Fee 18 working days

P3,080.00 3 hours and
(Memorandum 30 minutes
Circular No. 3, S. Maximum 20
2017) days
For domestic
corporations:
126
TIME
Guidelines on the
Imposition of ines
or penalties for
non-compliance
with reportorial
requirements;
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); Of ice
Order No. 298,
Series of 2010;
For foreign
corporations:
127
TIME
Memorandum
Circular No. 15,
series of 2006
(MC15-2006);
Memorandum
Circular No. 8-2009
(MC 8-2009);
Memorandum
Circular No. 17,
Series of 2019 (MC
17-2019); Section
143, Revised
Corporation Code
(RCC)
128
15. Dissolution of Corporations under Section 134 of the Revised
Corporation Code
This service details the procedure on the application for voluntary dissolution of a domestic corporation under
Section 134 of the Revised Corporation Code where no creditors are affected taking into consideration the guidelines
set forth in SEC Memorandum Circular No. 5, Series of 2022

Of ice:
Pandemic
Basic Requirements:
1. Veri ied request for Dissolution To be provided by the Applicant
2. Certi ication against Forum Shopping To be provided by the Applicant
May request for a sample from EO Public Assistance
129
3. Board resolution or directors’/trustees’ certi icate

authorizing the dissolution and designating an
authorized representative
To be provided by the Applicant
4. Audited Financial Statements as of the last iscal
year received in EFAST and stamped received by SEC
and BIR respectively, EXCEPT:
i. Where the applicant has ceased operations of at

least one (1) year, it shall submit:
a) Audited Financial Statements as of the last

iscal year of operation; and To be prepared
and/or provided by the Company (refer to MC
No. 5 series of 2022 for the contents) 124
b) Af idavit of non-operation certi ied under

oath by the President and Treasurer
ii. Where the applicant has no operation since

incorporation, it shall submit:
a) Balance Sheet certi ied under oath b y the

Treasurer and President;
b) Af idavit of non-operation certi ied under

oath b y the President and Treasurer;
130
c) Certi icate of non-registration issued b y the

BIR
iii. Where the applicant corporation is (stock or

non-stock) with total assets or liabilities of less
than P600,000, it shall submit its Balance Sheet as
of last preceding iscal year certi ied under oath b
y the President and Treasurer
5. Certi ication under oath by the President and

Treasurer certifying that:
i. the dissolution is not prejudicial to the interest

of the creditors; and
ii. there is no opposition from any creditors from
the time of the publication of the notice of
dissolution up to the iling of the application for
dissolution with the Commission
6. BIR Tax Clearance Certi icate
7. Publisher’s Af idavit of publication of the notice of Publisher of a newspaper of general circulation

meeting (to be published once prior to the date of
meeting)
8. Secretary’s Certi icate on non-existence of May request for a sample from EO Public Assistance
intra-corporat e dispute
131
9. Endorsement/Clearance from other departments To be provided by the Applicant

or other government agencies, if applicable
10. Latest due General Information Sheet

PAID TIME
1. Secures queuing number from the 1. Assists the applicant None 5 minutes Of icer of the day
guard on duty for presentment of
documentary requirements
132
2. Waits to process the request. 2. Check the completeness of None 30 minutes Counsel I
the documentary
requirements.
2.1. Receives the documents 2.1. If documents are NOT 10 minutes Counsel I
together with the checklist of COMPLETE, the same are
requirements. returned together with the
Checklist of Requirements.
2.2. If the documents are 10 minutes Counsel I

2.2. Fills out a transmittal/request COMPLETE, accepts the
form request, informs the
applicant to wait for a text,
call, email within 20
working days; forwards to
records of icer for encoding
in the Master List for
processors
2.3. Processes the 2 hours Counsel I

application If for queuing:
Within 18 days
133
PAID TIME
3. Returns on assigned day 3. Returns and discusses to None 30 minutes Counsel I

the applicant-representative
either:
3.1. Checklist of 10 minutes Counsel I

Requirements, if
incomplete or with
5 minutes Computer Operator

3.2. If complete: Issues Filing fee for Administrative Assistant I
Payment Assessment Form dissolution: Administrative Assistant II
(PAF) and instruct the P 1,060.00 Administrative Of icer II
applicant-representative to
pay
4. Pays the iling fee via online or

Landbank None As indicated in None Via online www.sec.gov.ph-
PAF online services-ESPAYSEC or
Landbank
134
PAID TIME
5. Presents proof of payment 5. Validates proof of payment None 15 minutes Counsel I

and receives documentary
requirements
5.1. Prepares Certi icate of 10 minutes Administrative Assistant II

Dissolution
5.2. Signs and approves 10 minutes Director II

application for Dissolution
6. Proceeds to the Releasing Unit, 6. Logs and releases signed None 10 minutes Of icer of the day
signs in the 2 duplicate copies and in Certi icate of Dissolution Receiving Of icer
the logbook then receives the signed
Certi icate of Dissolution
135
PAID TIME
TOTAL If Stock 18 days, 4 hours

Corporation – and 25 minutes
PHP 1,060*
Maximum of 20
If Non-Stock days
Corporation –
PHP 560.00*
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
Handling fee
PHP 20.00
136
16. Dissolution of Corporations under Section 136 of the Revised
Corporation Code
This service details the procedure on the application for dissolution of a domestic corporation under Section 136 of
the Revised Corporation Code where the proposed expiration of the corporate term is less than one year from
approval by SEC of the application, taking into consideration the guidelines set forth in SEC Memorandum Circular
No. 5, Series of 2022.

Of ice:
Pandemic
137
Basic Requirements:
1. Cover sheet May request for a sample from EO Public Assistance

2. Directors’ Certi icate for Stock Corporation/ May request for a sample from EO Public Assistance
Trustee’s Certi icate for non-stock corporation,
attesting that:
i. the dissolution by shortening of corporate term

was approved by majority of the board of
directors/trustees and rati ied by at least 2/3 vote of
the stockholders representing the outstanding
capital stock including the holders of non-voting
shares/members of the corporation; ii. date and
place of the stockholders’ or members’ meeting; and
iii. the tax identi ication number of the signatories
138
4. Audited Financial Statements as of the last iscal

year received by BIR and received by SEC via eFAST,
EXCEPT:
i. Where the applicant has ceased operations of at

least one (1) year, it shall submit: a) Audited
Financial Statements as of the last year of
operation; and b) Af idavit of non-operation
certi ied under oath by the President and
Treasurer

incorporation, it shall submit: a) Balance Sheet
certi ied under oath by the Treasurer and
President; b) Af idavit of non-operation certi ied
under oath by the President and Treasurer; c)
Certi icate of non-registration issued b y the BIR
iii. Where the applicant corporation is (stock or

non-stock) with total assets or liabilities of less
than P600,000, it shall submit its Balance Sheet as
of last preceding iscal year certi ied under oath b
y the President and Treasurer
5. Af idavit under oath b y the President and

Treasurer certifying that:
139
i. the dissolution is not prejudicial t o the interest

of the creditors; and
Publisher of a newspaper of general circulation
ii. there is no opposition from any creditors from
the time of the publication of the notice of May request for a sample from EO Public Assistance
dissolution up t o the iling of the application for
dissolution with the Commission
Other government agencies
7. Publisher’s Af idavit of publication of the notice of

meeting
8. Secretary’s Certi icate of no pending case involving

9. Endorsement/Clearance from other departments

or other government agencies, if applicable
140
CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING PERSON
PAID TIME RESPONSIBLE
1. Secures queuing number from the 1. Assists the applicant None 5 minutes Of icer of the day
2. Waits to process the request. 2. Check the completeness of None 30 minutes Counsel I
the requirements.
2.1. Receives the documents 2.1. If documents are NOT 10 minutes Counsel I
together with the checklist of COMPLETE, the same are
requirements. returned together with the

COMPLETE, accepts the
request, informs the
applicant to wait for a text,
call, email within 20
working days; forwards to
records of icer for
encoding in the Master
2.2. Fills out a transmittal/request List for
form assignment/queuing to
processors 10 minutes Counsel I
141
2.3. Processes the 2 hours Counsel I

application If for queuing:
Within 18 days
3. Returns on assigned day 3. Returns and discusses to None 30 minutes Counsel I

the applicant-representative
either:
3.1. Checklist of
Requirements, if 10 minutes Counsel I
incomplete or with
3.2. If complete: Issues

Payment Assessment Form Filing fee for 5 minutes Computer Operator
(PAF) and instruct the dissolution: Administrative Assistant I
applicant-representative to P 1,060.00 dministrative Assistant II
pay Administrative Of icer II
142
4. Pays the iling fee via online or

Landbank None As indicated in None Via online
PAF www.sec.gov.ph- online
Landbank
5. Presents proof of payment 5. Validates proof of payment None 15 minutes Counsel I

and receives documentary
requirements
5.1. Prepares Certi icate of 10 minutes Administrative

Dissolution Assistant II
5.2. Signs and approves 10 minutes

application for Dissolution Director II
6. Proceeds to the Releasing Unit, 6. Logs and releases signed None 10 minutes Of icer of the day
signs in the 2 duplicate copies and in Certi icate of Dissolution Receiving Of icer
the logbook then receives the signed
Certi icate of Dissolution
143
TOTAL If Stock 18 days, 4 hours

Corporation – and 25 minutes
PHP 1,060*
Maximum of 20
If Non-Stock days
Corporation –
PHP 560.00*
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
Handling fee
PHP 20.00
144
This process details the procedure for correction of entries in the Articles of Incorporation of domestic corporations,
whether stock or non-stock.

Of ice:
Pandemic
Basic Requirements:
1. Veri ied Complaint/Petition for Correction of To be provided by the Applicant

Entries
2. Certi icate of No Forum Shopping To be provided by the Applicant

3. Secretary’s Certi icate
May request for a sample from EO Public Assistance
4. Monitoring Clearance
℅ Bacolod Extension Of ice
145

5. Other evidence (Af idavits, IDs, etc. depending on
the nature of the corrections)

TIME
1. Secures queuing number from 1. Assists the applicant None 5 minutes Of icer of the day
the
2. Waits to process the request. 2. Check the completeness of the None 15 minutes Specialist I
requirements. Specialist II
2.1. Receives the documents 30 minutes Specialist I

together with the checklist Specialist II
of requirements. Con idential Assistant III
146
TIME
2.1. If documents are NOT

COMPLETE, the same are
returned together with the
5 minutes Specialist I
Specialist II
2.2. Fills out a 2.2. If the documents are
transmittal/request form COMPLETE, accepts the
request, informs the applicant
to wait for a text, call, email
within 20 working days;
forwards to records of icer for
encoding in the Master List for
processors 2 hours Specialist I
If for queuing: Specialist II
Within 18 days Con idential
2.3. Reviews application Assistant III
147
TIME
3. Returns on assigned day 3. Returns and discusses with the None 30 minutes Specialist I
applicant-representative Specialist II
either: Con idential Assistant III
3.1. Checklist of Requirements,

if incomplete or with de iciency
(ies) on the submitted petition
and its supporting documents
3.2. If complete: Issues Payment Filing fee: 5 minutes Computer Operator

Assessment Form (PAF) and If Stock Administrative Assistant I
instruct the Corporation Administrative Assistant II
applicant-representative to pay – P1,060.00* If Administrative Of icer II
Non-Stock
Corporation
–P560.00* *Incl. of
LRF 10.00
Miscellaneous Fee
PHP20.00 and
Documentary
Stamp
Tax of PHP 30.00
148
TIME
4. Pays the iling fee via online

or Landbank None As indicated in PAF None Via online www.sec.gov.ph-
online services-ESPAYSEC or
Landbank
5. Presents proof of payment 5. Validates proof of payment and None 5 minutes Receiving Of icers
receives documentary Processors
requirements
5.1. Prepares Certi icate of 10 minutes Administrative Assistant II

5.2. Signs and approves 10 minutes Director II

application for Petition for
Correction
6. Proceeds to the Releasing 6. Logs and releases signed None 10 minutes Of icer of the day
Unit, signs in the 2 duplicate Certi icate Receiving Of icer
copies and in the logbook then
receives the signed Certi icate
149
TIME
TOTAL If Stock 18 days,

Corporation – 3 hours and
PHP 1,060* 15 minutes
Maximum of
If Non-Stock 20 days
Corporation –
PHP 560.00*
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of
PHP 30.00
Handling fee
PHP 20.00
150
SEC EXTENSION - CEBU CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
SEC Bldg., V. Rama Ave., Englis

Guadalupe, Cebu City
TABLE OF CONTENTS
3. Cash or Stock Dividends 27
5. Con irmation of Valuation 43
6. Creation of Additional Paid-in Capital (APIC) 62
7. Decrease of Capital Stock 77
8. DISSOLUTION 85
8A. Dissolution under Section 134 of the Revised Corporation Code 85
8B. Dissolution under Section 136 of the Revised Corporation Code where proposed expiration of corporate
term is one year or more than one year from approval of application 96
8C. Dissolution under Section 136 of the Revised Corporation Code where proposed expiration of corporate
term is less than one year from approval of application. 107
9. Equity Restructuring 120
1
13. Issuance of Certi ication as to Status of a Registered Corporation (Requested by Third Party) 168
14. Issuance of Certi ication as to Status of a Registered Corporation (With Monitoring Clearance) 172
15.Issuance of Negative Certi ication 175
16.Issuance of Plain/Authenticated Copies of Documents 179
17.Petition for Correction of Entries in the Articles of Incorporation and/or By-laws and/or Treasurer’s
Af idavit and subsequent amendments thereof of Domestic Corporations 184
19. Property Dividend Declaration 200
20. Public Assistance & Complaint Desk 209
21. Public Assistance for Letters Received Over the Counter 211
22. Public Assistance for Letters Received thru Mail 215
23. Public Assistance thru Electronic Mail 219
24. Quasi-Reorganization 223
25. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and Audited
Financial Statements; documents other than reports – i.e. correspondences, etc.) 231
26. Reclassi ication / Declassi ication / Conversion of Shares 233
27. Registration of Corporations through the ESPARC Onesec (One day Submission and E-registration of
Companies) (FOR STOCK CORPORATION ONLY) 241
28. Registration of Corporations through eSPARC Regular Processing 245
2
30. Request for Resource Person 268
3
Corporations
Division & Department SEC Cebu City Extension Of ice (SEC - CEO)
Of ice:
Classi ication: Complex (7days) Simple (3days)
Pandemic:
Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the
CORPORATIONS) Public Assistance and Complaint Desk of respective SEC EO or through
-2 sets original and 1 set photocopies the Commission’s website at
signed by majority of the directors or trustees and
the corporate secretary, certifying (i) the amendment
of the Articles of Incorporation and indicating the
4
and (iv) the tax identi ication number of the
signatories which shall be placed below their names
3. Notarized Secretary's Certi icate on no pending case
of intra-corporate dispute


If the provision to be amended is the corporate name,

Name veri ication slip may be secured manually through the Cebu
5
submit: Extension Of ice by the verifying of icer;
a. Name Veri ication Slip (1 original) May secure copy from the Public Assistance and Complaint Desk
b. Af idavit of a director, trustees or of icer

undertaking to change corporate name.(Not required
if already stated in the Al)
If the provision to be amended is for registered

corporations increasing its foreign equity to more
than 40%, submit: May secure copy from the Public Assistance and Complaint Desk or may
download through SEC Website at
a.) F-101 http://www.sec.gov.ph/forms-and-fees/primary-registration/
If the provision to be amended is for registered

the percentage of such equity, submit:
a.) F-102 May secure copy from the Public Assistance and Complaint Desk or may
download through SEC Website at
1. If corporate 1. Approves or denies P100.00 per 15 minutes per Name Veri ication Of icer
name is for proposed name/s or proposed application
amendment: trade name/s corporate/trade
name/s
1.1. Fills out
6
Name
Veri ication 1.1. Approves or 15 minutes per
Forms denies appeal for application
(Veri ies, the proposed
reserves or name/s or trade
company name/s
name with
or without
trade
name/s)
1.2. If name is
rejected,
registrant
may appeal
for the
proposed
corporate
name
2. Secures a 2. Calls the number None 15 minutes EO Frontline Staff
number through through the system
the queuing and assists the client
system
3. Submits the 3. Records the None 15 minutes EO Frontline Staff
requirements to application for
the Counter -pre-processing
Of icer
3.1. For irst time None 45 minutes
applicants,
7
examines if
documents are
complete in form
3.1.1. If complete,
assigns the
application to
a Securities
Counsel I
3.1.2. If
compliance
prepares a
checklist of
de iciencies
and informs
and returns to
the client. Go
to Step 2

2 working days Securities Counsel I
when to follow up
the application

2 hours EO Director/OIC
the documents
submitted are
complete in form
and in substance.
8
3.3.1. If
application is
complete and
in order, the
Securities
Counsel I
submits it to
EO
Director/OIC
for inal
review
3.3.2. If
application is
approved by
the Securities
Counsel,
forwards to
SEC
Director/OIC
for inal
review
3.4. Reviews the

application
orders the
Counsel to
9
stamp okay
for payment.
Processor
informs client
that
application
can be paid
3.4.2. If not
compliant,
returns the
application to
the Counsel.
Go to Step
3.1.3
4. Pays the iling 4. Receives and Filing Fees: 45 minutes ESPAYSEC (ONLINE)/LANDBANK
fee acknowledges
payment Amendment of
Articles of Inc. or
By-laws : P1,040.00
(*+**+***)
If Amendment of
By-laws: P2,080.00
(*+*+**+**+***+***)
* Amendment of
Articles of
10
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
for amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of P30.00)
Handling Fee of
11
P20.00
system
(Receiving)
6. Submits 6. Receives the complete None 45 minutes EO Receiving Unit
complete application
application requirements and
requirements advises the client
when to follow up its
status
6.1. Prepares
30 minutes EO Frontline Staff
Certi icate
6.2. Signs and

approves the
application
6.3. Forwards the

approved
application to the
Releasing Unit
12
system
(Releasing)
8. Presents the 8. Receives the Of icial None 15 minutes EO Frontline Staff
Of icial Receipt Receipt
to the Counter
Of icer
9. Receives the 9. Releases the None 30 minutes EO Frontline Staff
Certi icate Certi icate
9.1. Encodes the

details of the
application in the
system
TOTAL Filing Fees: 3 working days
Amendment of
Articles of Inc. or
By-laws : P1,040.00
(*+**+***)
If Amendment of
By-laws: P2,080.00
(*+*+**+**+***+***
)
* Amendment of
Articles of
13
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
14
Handling Fee of
P20.00
15
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All registered partnerships through
Customers their Authorized Representatives.
Pandemic:
Basic Requirements (2 sets original and 1 set photocopies) May secure checklist of requirements and sample formats from
the EO Public Assistance and Complaint Desk, Of icer of the Day or
1. Cover Sheet; and through the Commission’s website through URL
2. Amended Articles of Partnership
Any of the partners
Additional Requirements+++++++++++++
1. Endorsement from other government agencies, if
applicable
(1 original)
16
Pilipinas
If the provision to be amended is the partnership
name, submit:
(Not required if already stated in the AP) (1 original; 3 Name veri ication slip may be secured manually through the
photocopies) Extension Of ice by the verifying of icer;
partners, submit: May secure copy from the Public Assistance and Complaint Desk
retirement and death of a partner (1 original; 3
photocopies)
If provision for amendment is to have foreign equity of

a registered partnership, submit:
a.) F-106
If provision for amendment is to further increase the May secure copy from the Public Assistance and Complaint Desk
foreign equity of a registered partnership, submit: Assignee and Assignor Partners
a.) F-107
may download through SEC Website at
17
TIME
1. If partnership name is for 1. Approves or denies P100.00 per 15 minutes per Name Veri ication Of icer
amendment: proposed name/s or proposed application
Fills out Name trade name/s partnership/trade
Veri ication Form name/s
(Veri ies, reserves or
company name with or 1.1. Approves or 15 minutes per
without trade name/s) denies appeal for application
the proposed
name/s or trade
name/s
for the proposed
partnership name
2. Secures a number 2. Calls the number None 15 minutes EO Frontline Staff
through the queuing through the
system system and assists
the client
3. Submits the requirements 3. Records the None 15 minutes EO Frontline Staff
to the Counter Of icer application for
-pre-processing
3.1. For irst time 45 minutes

applicants,
examines if
documents are
complete in form
18
TIME
3.1.1. If complete,
assigns the
application to
a Securities
Counsel I
3.1.2. If for
compliance,
prepares a
checklist of
de iciencies
and informs
and returns
to the client.
Go to Step 2

when to follow
up the application
3.3. Examines 2 working days Securities Counsel I

whether the
documents
submitted are
complete in form
and in substance.
19
TIME
3.3.1. If
application is
complete and
in order, the
Securities
Counsel I
submits it to
EO
Director/OIC
for inal
review
3.3.2. If 2 hours EO Director/OIC

application is
approved by
the Securities
Counsel,
forwards to
SEC
Director/OIC
for inal
review
3.4. Reviews the

application
3.4.1. If
20
TIME
compliant,
orders the
Counsel to
stamp okay
for payment.
Processor
informs client
that
application
can be paid
3.4.2. If not
compliant,
return the
application to
the Counsel.
Go to Step
3.1.3
4. Pays the iling fee 4. Receives and Filing Fees: 45 minutes ESPAYSEC
acknowledges (ONLINE)/LANDBANK
payment Amendment of
Articles
Partnership:
P2,050.00
(*+**+***)
*Amended Articles
of Partnership
21
TIME
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
– P2,000.00 per
Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
22
TIME
1% of the
Partnership’s
than P2,000.00
*******Amendmen
t by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
Handling Fee of
P20.00
through the queuing through the
system (Receiving) system and assists
the client
6. Submits complete 6. Receives the None 45 minutes EO Receiving Unit
application requirements complete
application
requirements and
advises the client
when to follow up
its status.
6.1 Prepares None 30 minutes EO Frontline Staff

Certi icate.
23
TIME
6.2 Signs and None 30 minutes EO Director/OIC

approves the
application.
6.3 Forwards the None 30 minutes EO Frontline Staff

approved
application to the
Releasing Unit
through the queuing through the system and
system (Releasing) assists the client
8. Presents the Of icial 8. Receives the Of icial None 15 minutes EO Frontline Staff
Receipt to the Counter Receipt
Of icer
9. Receives the Certi icate 9. Releases the None EO Frontline Staff
Certi icate
9.1 Encodes the

details of the
application in the
system
Amendment of
Articles
Partnership:
24
TIME
P2,050.00
(*+**+***)
*Amended
Articles of
Partnership
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P20.00)
**** Amendment
with
partnership/trad
e names, with
additional
P100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
25
TIME
– P2,000.00 per
Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than
P2,000.00
*******Amendme
nt by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
Handling Fee of
P20.00
26
3. Cash or Stock Dividends
This service details the procedure on request for acknowledgment of cash or stock dividend declaration.
Of ice:
Classi ication: Highly Technical (20days)
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: Corporations duly registered at
Customers Securities and Exchange Commission excluding publicly listed
companies.
Pandemic

http://www.sec.gov.ph/wp-content/uploads/2019/03/2019_regularc
oversheet.doc
2. Audited Financial Statements as of the last iscal year Company’s record
3. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series
27
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-11s
2008.pdf
4. Notarized Secretary's Certi icate of the Board Resolution Company’s Corporate Secretary
as to the reversal of appropriated retained earnings to
unappropriated retained earnings, if applicable
FOR CASH DIVIDEND
7. Certi ication under oath by the Corporate Secretary on To be provided by the Company
the board of directors’ resolution declaring cash dividends
FOR STOCK DIVIDEND
the declaration of stock dividends by majority of the
directors and the stockholders representing 2/3 of the
outstanding capital stock
8. List of stockholders with their respective subscribed To be provided by the Company
capital stock as of the date of meeting approving the
declaration of stock dividend together with the allocation of
stock dividend certi ied under oath by the Corporate
Secretary
9. Analysis of capital structure certi ied under oath by the EO Public Assistance
Treasurer
10. Notarized Secretary’s Certi icate certifying that on the To be provided by the Company
28
basis of the computation of the Finance Of icer, the
allocation of stock dividend as indicated in the list of
stockholders of record (item 8) is in proportion to the
shareholdings of stockholders as of date of
declaration/record date and the treatment of resulting
fractional shares (if any), are true and correct

PAID
1. Secures a number 1. Calls the number through None 1 minute EO Frontline Staff
system client
Counter Of icer for
pre-processing 2.1. For irst time 20 minutes
documents are
complete in form
2.1.1. If complete, 1 minute

assigns the
application to a
Securities
Specialist
2.1.2. If for 14 working days

compliance, Securities Specialist II
prepares a
29
PAID
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1

application
2.3. Examines whether the Securities Counsel I

documents submitted
and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
30
PAID
Securities
Counsel, forwards
to EO
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3

EO Director/OIC
report and the 5 working days
documents submitted
order the
specialist
/counsel to stamp
ok for payment.
31
PAID
Processor
informs client that
application can be
paid
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
3. Prepares follow-up 3. Receives the follow-up None 5 minutes EO Frontline Staff
slip (form is available slip, prepares the
at the Guard) and application and corporate
submits to Counter folders and forwards it to
Of icer after client the Releasing Section
signi ies intent to pay
4. Pays the iling fees 4. Receives and If amount of 10 minutes ESPAYSEC
acknowledges payment Cash /Stock (ONLINE)/LANDBANK
dividend
declared by
Corporation
whose
securities are
not listed is:
Up to PHP
50,000,000 –
32
PAID
PHP 510.00*
Over PHP
50,000,000 –
PHP1,010*
*Inclusive of
Legal Research
Fee of PHP
10.00
Handling Fee –
P20.00
system (Receiving) client
6. Submits complete 6. Receives the complete None 30 minutes EO Receiving Unit
application application requirements
requirements and advises the client
status
6.1. Prepares Securities Specialist II

20 minutes
acknowledgment
letter and submits to
EO Director/OIC
together with
33
PAID
6.2. Complete application

requirements
6.3. Signs and approves 30 minutes EO Director/OIC

the acknowledgment
letter
EO Frontline Staff
6.4. Forwards the 30 minutes
system (Releasing) client
8. Presents the Of icial 8. Receives the Of icial None 1 minute EO Frontline Staff
Receipt to the Receipt
Counter Of icer
9. Receives the duly 9. Releases the duly signed None 10 minutes EO Frontline Staff
signed Acknowledgment letter
Acknowledgment
letter 9.1. Encodes the details of
the application in the
systems
TOTAL If amount of 19 days, 2 hours
Cash /Stock and 41 minutes
dividend
declared by
34
PAID
Corporation
whose
securities are
not listed is:
Up to PHP
50,000,000 –
PHP 510.00*
Over PHP
50,000,000 –
PHP1,010*
*Inclusive of
Legal
Research Fee
of PHP 10.00
Handling Fee
– P20.00
35
Ownership
of Ownership.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Partnerships and Corporations duly
Customers recorded and registered at Securities and Exchange
Commission, respectively..
Pandemic:

1. Duly accomplished request form To be provided by the Company
2. List of stockholders certi ied under oath by the To be provided by the Company
Corporate Secretary showing the present capital structure
of the Company (Names of stockholders, nationality, no. of
shares and amount subscribed, amount of paid-up capital)
intra-corporate dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Ce
36
approval of the increase in capital stock not covered by item
4
6. Monitoring Clearance SEC Cebu Extension Of ice

PAID
system client
Counter Of icer for
documents are
complete in form
2.1.1. If complete,
assigns the 1 minute Securities Specialist II
application to a
Securities
Specialist
37
PAID
2.1.2. If for 14 working days Securities Specialist II

compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1

application

documents submitted
and in substance.
complete and in
order, the
specialist 5 working days EO Director/OIC
prepares report
and forwards to
EO Director/OIC
for inal review
38
PAID
for compliance,
specialist
prepares checklist
of de iciencies
and informs and
returns it to the
applicant. Go to
Step 2.3

report and the
documents submitted
orders the
specialist to
stamp ok for
payment.
Processor
informs client that
application can be
paid
2.4.2. If not
compliant, return
the application to
the specialist. Go
39
PAID
to Step 2.3.3
4. Pays the iling fees 4. Receives and *PHP 1,040 per 10 minutes ESPAYSEC
acknowledges payment copy (ONLINE)/LANDBANK
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
Handling Fee –
P20.00
status
40
PAID
6.1. Prepares Certi ication 20 minutes Securities Specialist II
of capital and submits
to EO Director/OIC
together with
complete application
requirement

the certi ication
6.3. Forwards the

approved application 30 minutes EO Frontline Staff
Counter Of icer
9. Receives the duly 9. Releases the duly None 10 minutes EO Frontline Staff
approved certi ication approved certi ication

systems
TOTAL *PHP 1,040 19 days, 2 hours
per copy and 41 minutes
*Inclusive of
41
PAID
Legal
Research Fee
of PHP 10.00
and
Documentary
Stamp Tax of
PHP 30.00
Handling Fee
– P20.00
42
5. Con irmation of Valuation
This service details the procedure on application for con irmation of valuation of consideration for additional issuance
shares out of the unissued shares pursuant to Section 61 of the Revised Corporation Code, which may be in the form of the
following:
2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets
Of ice:
Customers Securities and Exchange Commission.
Pandemic:
43
BASIC REQUIREMENTS
1. Letter request con irming the valuation; To be provided by the company.
the board resolution approving the additional issuance
of shares of stock
3. List of stockholders with the nationalities, amount To be provided by the Company.
subscribed and paid up and the subscribers to the new
shares certi ied under oath by the Corporate Secretary.
4. Notarized Secretary's Certi icate certifying that all EO Public Assistance or Downloadable at SEC website through the
non-subscribing stockholders waived their respective following URL:
pre-emptive rights or attesting on the resolution by the https://www.sec.gov.ph/wp-content/uploads/2019/11/Secretarys_Cert
stockholders representing at least 2/3 of the i icate_Waiver_Pre_emptive_Rights.pdf
outstanding capital stock approving the issuance of
shares in exchange for property or previously incurred
indebtedness
https://www.sec.gov.ph/wp-content/uploads/2019/11/Secretarys_Cert
compliance with registration under Foreign https://www.sec.gov.ph/forms-and-fees/primary-registration/
Investments Act*** Look for registered corporations increasing its foreign equity to more
than 40% (F-101)
Agencies
44
iscal year stamped received by BIR and SEC (if
the advances are already re lected therein)
9.2. A report to be rendered by an Independent CPA For guidance, refer to Memorandum Circular No. 6 series of 2008 –
on the veri ication of the advances to be Guidelines on on-site veri ication of inancial records relative to certain
converted to equity, if not re lected in item 9.1 applications iled with the Commission - downloadable at SEC website
through the following URL:
https://www.sec.gov.ph/mc-2008/sec-memorandum-circular-no-06-7/
declaration number and the basis of transfer
value (market value, assessed value or zonal
10.2. Copy of TCT/CCT electronically certi ied and To be provided by the Applicant.
issued by Register of Deeds and tax declaration
sheet certi ied Assessor’s Of ice
10.4. Appraisal report by a licensed real estate To be provided by the Applicant.
appraiser, if transfer value is based on appraised
value (not more than 6 month old)
45
10.7. For assignment of buildings where assignor is To be provided by the Applicant.
not the owner of the land, submit the lease
contract on the land and consent of the land
owner to the transfer
11. Untitled Lands
11.1. Certi ication of the Barangay Chairman where To be provided by the Applicant.
the property is located, and at least two (2)
adjoining property owners or possessors,
attesting that the subject land had been in the
possessor’s open, peaceful, continuous and
uninterrupted exclusive possession in the
concept of an owner for at least thirty (30) years
and the possessor had introduced improvements
thereon, if any
11.2. Duplicate original or certi ied true copies of the To be provided by the Applicant.
tax declaration sheets
11.4. Af idavit by the transferor attesting continuous To be provided by the Applicant.
and open possession of the property is located
46
recorded in the Register of Deeds for the
province of city where the land is situated
11.7. Af idavit executed by the transferor attesting to To be provided by the Applicant.
the:
11.7.1. Existence (or non-existence) of easements
over the untitled property
location
11.7.3. Whether the transferor is the dominant
estate or the servient estate, by virtue of
such easements
11.8. Under oath undertaking of the To be provided by the Applicant.
11.9. Clearance or certi ication from the Department To be provided by the Applicant.
of Agrarian Reform (DAR) attesting to the
following:
11.9.1. There is no other claimant to the untitled
land
11.9.2. it has not issued any Certi icate of Land
Ownership Award (CLOA) over the
property to any other party or
11.9.3. The land is exempt from the coverage of
the Comprehensive Agrarian Reform
Program (CARP)
11.10. Blue Print Survey of the Plan as approved by To be provided by the Applicant.
the Bureau of Lands
47
11.11. Detailed schedule of the property showing its To be provided by the Applicant.
value/ assessed value / zonal value or
appraised value)
11.12. Latest zonal valuation certi ied by BIR, if To be provided by the Applicant.
transfer value is based on zonal value
11.13. Appraisal report by a licensed real estate To be provided by the Applicant.
appraiser, if transfer value is based on
appraised value (not more than 6 month old)
11.15. Af idavit of undertaking to submit certi ied true To be provided by the Applicant.
copy of the original certi icate of title in the
name of the transferee-corporation within one
(1) year from the date of receipt of the approval
of the application
description and the basis of transfer value
(market value or book value) certi ied by the
company accountant
12.2. Special Audit Report by an Independent CPA on To be provided by the Applicant.
the veri ication and valuation of property, if
transfer value is based on book value

description and the transfer value certi ied by
48
13.2. Appraisal report by a licensed appraiser (not To be provided by the Applicant.
imported, a valuation report with description of
the property) by the Bangko Sentral Ng
Pilipinas.
14. Shares of Stock
14.1. Detailed schedule of the shares of stock To be provided by the Applicant.
showing the stockholder, stock certi icate
number, no. of shares and the basis of transfer
value (market or book value) certi ied by the
company accountant
company as of the last iscal year received by
BIR and SEC
investee company that the shares are
outstanding in the name of the assignor
14.5. Photocopy of the stock certi icate (present To be provided by the Applicant.
original for veri ication)
14.6. Latest market price quotation in the newspaper To be provided by the Applicant.
or certi ication from the stock exchange/broker
as to latest market price of the shares of stock
(if listed in the Stock Exchange)
49
15. Motor Vehicles
15.1. Detailed schedule of the motor vehicle showing To be provided by the Applicant.
the registered owner, make/model, plate
number, chassis number, motor number,
certi icate of registration number and market
value certi ied by the company accountant
15.2. Photocopy of certi icate of registration and To be provided by the Applicant.
of icial receipt of annual registration fee
(present original for veri ication)
15.3. Appraisal report by licensed appraiser (not To be provided by the Applicant.

condition
company accountant
50
16.2. Certi ied true copy of the certi icate of To be provided by the Applicant.
ownership
16.3. Appraisal report by licensed appraiser (not To be provided by the Applicant.
16.4. Certi icate of seaworthiness/airworthiness To be provided by the Applicant.
issued by appropriate government agency

17. Intangibles
17.1. Photocopy of System Purchase Agreement or To be provided by the Applicant
any proof of ownership (for software)
claims/rights
17.3. Appraisal report by an accredited appraisal To be provided by the Applicant
company or by a licensed Filipino mining
engineer for mining claims/rights (not more
than 6 months old)
company to submit proof of transfer of For guidance, please refer to Memorandum Circular No. 14 series of
ownership within the prescribed period 2013 downloadable at SEC website through the following URL:
18. Net Assets
18.1. Audited inancial statements (AFS) of the To be provided by the Applicant
51
applicant corporation as of the last iscal year
18.6. Detailed schedule of properties with certi icate To be provided by the Applicant
of registration/titles and their respective book
values certi ied by the company accountant
18.7. Photocopy of the certi icate of registration of To be provided by the Applicant
the motor vehicles (present original for
veri ication)
18.8. Copy of TCT/CCT electronically certi ied and To be provided by the Applicant
issued by the Register of Deeds and tax
declaration sheets certi ied by the Assessor’s
Of ice
18.9. Photocopy of stock certi icates (present To be provided by the Applicant
original for veri ication)
proprietorship)
52
PAID
system client
Counter Of icer for
documents are
complete in form
2.1.1. If complete,
assigns the 1 minute Securities Specialist II
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
53
PAID
1

application
2.3. Examines whether the 14 working days

documents submitted
and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to EO
Director/OIC for
inal review
54
PAID
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3
2.4. Reviews the inal 5 working days

report and the EO Director/OIC
documents submitted
order the
specialist
/counsel to stamp
ok for payment.
Processor
informs client that
application can be
paid
55
PAID
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
4. Pays the iling fees 4. Receives and 1. Con irmation 10 minutes ESPAYSEC
acknowledges payment of Valuation – (ONLINE)/LANDBANK
1/5 of 1% of
the value of
shares of
stocks to be
issued but not
less than PHP
3,000.00
2. LRF
-equivalent to
1% of the
computed iling
fee
Con irmation of
56
PAID
valuation but
not less than
PHP 10.00
3.
Documentary
Stamp tax of
PHP 30.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST
of PHP 30.00
Handling fee –
P20.00
57
PAID
status
6.1. Prepares Certi icate 20 minutes

EO Frontline Staff
6.2. Signs and approves 30 minutes
the application EO Director/OIC

EO Frontline Staff
Counter Of icer
approved certi icate approved certi icate

systems
TOTAL 1. 19 days, 2 hours
Con irmation and 41 minutes
of Valuation –
1/5 of 1% of
the value of
58
PAID
shares of
stocks to be
issued but not
less than PHP
3,000.00
2. LRF
-equivalent to
1% of the
computed
iling fee
Con irmation
of valuation
but not less
than PHP
10.00
3.
Documentary
Stamp tax of
PHP 30.00
***For
Corporations
with FIA
Application -
Additional
PHP 3,060,
59
PAID
inclusive of
LRF of PHP
30.00 and DST
of PHP 30.00
Handling fee –
P20.00
60
6. Creation of Additional Paid-in Capital (APIC)
This service details the procedure on application for creation of Additional Paid-In Capital (APIC) through:
3. Untitled Lands
6. Shares of stock
7. Motor Vehicle
9. Intangibles
10. Net assets
Of ice:
Pandemic:

BASIC REQUIREMENTS
1. Letter request to create APIC signed by the Company’s To be provided by the Company
of icer
61
the board resolution approving the creation of APIC
3. List of stockholders of record as of date of Board of To be provided by the Company.
Directors meeting approving the creation of APIC
indicating their nationalities and their respective
subscribed and paid-up capital certi ied under oath by
the Corporate Secretary
4. Secretary’s Certi icate on non-existence of EO Public Assistance or
intra-corporate dispute Downloadable at SEC website through the following URL:
https://www.sec.gov.ph/wp-content/uploads/2019/11/Secretarys_C
6.1 Audited Financial Statements (AFS) as of the last To be provided by the company
6.2 A report to be rendered by an Independent CPA on For guidance, refer to Memorandum Circular No. 6 series of 2008 –
the veri ication of the advances to be converted to Guidelines on on-site veri ication of inancial records relative to
equity, if not re lected in item 6.1 certain applications iled with the Commission - downloadable at SEC
website through the following URL:
https://www.sec.gov.ph/mc-2008/sec-memorandum-circular-no-06-
7/
7.1 Detailed schedule of property showing the To be provided by the Applicant.
(market value, assessed value or zonal value)
7.2 Copy of TCT/CCT electronically certi ied and issued To be provided by the Applicant.
62
by Register of Deeds and tax declaration sheet
certi ied by Assessor’s Of ice, respectively
7.3 Latest zonal valuation certi ied by BIR, if transfer To be provided by the Applicant.
7.4 Appraisal report by a licensed real estate appraiser, To be provided by the Applicant.
7.6 If property is mortgaged, submit To be provided by the Applicant.
7.7 For assignment of buildings where assignor is not To be provided by the Applicant.
transfer
7.9 Af idavit of undertaking by an of icer of the To be provided by the Applicant.
2/
8. Untitled Lands
63
declaration sheets
8.4 Af idavit by the transferor attesting continuous and To be provided by the Applicant.
8.5 Af idavit of Non-Tenancy executed by Barangay To be provided by the Applicant.
8.6 Duplicate original or certi ied true copies of any To be provided by the Applicant.
a. Existence (or non-existence) of easements over
c. Whether the transferor is the dominant estate or
the servient estate, by virtue of such easements
8.8 Under oath undertaking of the transferor/subscriber To be provided by the Applicant.
to answer for any liability that the corporation might
paid-up capital
b. It has not issued any Certi icate of Land
any other party or
64
(CARP)
Bureau of Lands
8.11 Detailed schedule of the property showing its To be provided by the Applicant.
value)
8.13 Appraisal report by licensed real estate appraiser, To be provided by the Applicant.
8.15 Af idavit of undertaking to submit certi ied true To be provided by the Applicant.
copy of the original certi icate of title in the name of
the transferee-corporation within one (1) year from
the date of receipt of the approval of the application
accountant

65
company accountant
10.2 Appraisal report by licensed appraiser (not more To be provided by the Applicant.
than 6 months old). If the property is imported, a
valuation report with description of the property)
by the Bangko Sentral Ng Pilipinas.
11. Shares of Stock
11.1 Detailed schedule of the shares of stock showing To be provided by the Applicant.
the stockholder, stock certi icate number, no. of
shares and the basis of transfer value (market or
book value) certi ied by the company accountant
11.2 Audited inancial statements of the investee To be provided by the Applicant.
and SEC
11.4 Certi ication by the Corporate Secretary of the To be provided by the Applicant.
11.5 Photocopy of the stock certi icate (present original To be provided by the Applicant.
for veri ication)
latest market price of the shares of stock (if listed in
the Stock Exchange)
11.7 Af idavit of undertaking to submit the required To be provided by the Applicant.
66
2/
12. Motor Vehicles
for veri ication)
than 6 month old)

2/
condition
13.1 Detailed schedule of vessel/aircraft showing To be provided by the Applicant.
company accountant
67
than 6 month old)
13.4 Certi icate of seaworthiness/airworthiness issued To be provided by the Applicant.
by appropriate government agency
2/
14. Intangibles
14.1 Photocopy of System Purchase Agreement or any To be provided by the Applicant
claims/rights
14.3 Appraisal report by an accredited appraisal To be provided by the Applicant
old)
2/
15. Net Assets
15.1 Audited inancial statements (AFS) of the To be provided by the Applicant
15.2 Audited inancial statements of single To be provided by the Applicant
68
15.5 List of creditors with the amount due to each To be provided by the Applicant
15.7 Photocopy of the certi icate of registration of the To be provided by the Applicant
15.8 Copy of TCT/CCT electronically certi ied and To be provided by the Applicant
issued by the Register of Deeds and tax
declaration sheets certi ied by the Assessor’s
Of ice
15.9 Photocopy of stock certi icates (present original To be provided by the Applicant
for veri ication)
15.10 DTI Certi icate of Registration (for single To be provided by the Applicant
proprietorship)
2/

PAID
69
PAID
system client
2. Submits the 2. Records the application 1 minute EO Frontline Staff
Counter Of icer for
documents are
complete in form
2.1.1. If complete, 1 minute Securities Specialist II

assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1

application
70
PAID
2.3. Examines whether the 14 working days Securities Specialist II
documents submitted Securities Counsel I
and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to SEC
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
71
PAID
informs and
returns it to the
applicant. Go to
Step 2.3
2.4. Reviews the inal 5 working days EO Director/OIC

report and the
documents submitted
orders the
specialist
/counsel to stamp
ok for payment.
Processor
informs client that
application can be
paid
2.4.2. If not
compliant,
returns the
application to the
specialist. Go to
Step 2.3.3
72
PAID
4. Pays the iling fees 4. Receives and 1. Creation of 10 minutes ESPAYSEC
acknowledges payment APIC – 1/5 of (ONLINE)/LANDBANK
1% of the
amount infused
but not less
than PHP
5,000.00
2. LRF
-equivalent to
1% of the
computed iling
fee
Con irmation of
valuation but
not less than
PHP 10.00
3.
Documentary
Stamp tax of
PHP 30.00
Handling fee –
P20.00
73
PAID
status
6.1. Prepares Certi icate 20 minutes EO Frontline Staff

the application
6.3. Forwards the 30 minutes EO Frontline Staff

Counter Of icer

systems
TOTAL 1. Creation of 19 days, 2 hours
APIC – 1/5 of and 41 minutes
74
PAID
1% of the
amount
infused but
not less than
PHP 5,000.00
2. LRF
-equivalent to
1% of the
computed
iling fee
Con irmation
of valuation
but not less
than PHP
10.00
3.
Documentary
Stamp tax of
PHP 30.00
Handling fee –
P20.00
75
7. Decrease of Capital Stock
This service details the procedure on application for Decrease of Capital Stock.
If the decrease of capital stock is accompanied by application for equity restructuring, comply also with the requirements for
Equity Restructuring.
Of ice:
Pandemic:

or_Amendment.pdf
2. Certi icate of Decrease of Capital Stock No Prescribed format. To be prepared by the Company in accordance
76
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Cer
ti icate.pdf
5. List of stockholders showing the names, nationalities To be prepared by the Company
and stockholdings before and after the decrease, as
certi ied by the corporate secretary
6. Audited Financial Statements (AFS) as of the last iscal To be provided by the company
year stamped received by BIR and SEC
7. Long-form audit report of item no. 6, if with return of To be provided by the company
capital
8. List of creditors (if it involves return of capital) certi ied To be provided by the company
by the auditor or certi ied under oath by the company
accountant and written consent of each creditor
9. Publisher’s af idavit of the publication of the decrease Publisher of a newspaper of general circulation.
of capital (once in a newspaper of general circulation)
Agencies

PAID
system client
77
PAID
Counter Of icer for
documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares checklist
of de iciencies
and informs and 1 minute Securities Specialist II
returns to client.
Go to Step 1

application

documents submitted 14 working days Securities Specialist II
78
PAID
and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to EO
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
79
PAID
applicant. Go to
Step 2.3

report and the
documents submitted
orders the
specialist
/counsel to stamp
ok for payment.
Processor
informs client that
application can be
paid
2.4.2. If not
compliant,
returns the
application to the
specialist. Go to
Step 2.3.3
80
PAID
4. Pays the iling fees 4. Receives and 1. Decrease of 10 minutes ESPAYSEC
acknowledges payment Capital Stock * (ONLINE)/LANDBANK
1.1 If return of
capital – PHP
5,000.00
1.2 All others –

PHP 3,000.00
2. Amended
Articles of
Incorporation –
PHP 1,000.00*
*plus Legal
Research Fee
(LRF) 1% of
computed iling
fee but not less
than PHP 10.00
and
documentary
stamp tax of
PHP 30.00
Handling fee –
P20.00
81
PAID
status
6.1. Prepares Certi icate None 20 minutes EO Frontline Staff
6.2. Signs and approves None 30 minutes EO Director/OIC

the application
6.3. Forwards the None 30 minutes EO Frontline Staff

Counter Of icer

systems
82
PAID
TOTAL 1. Decrease of 19 days, 2 hours
Capital Stock * and 41 minutes
1.1 If return of
capital – PHP
5,000.00
1.2 All others –

PHP 3,000.00
2. Amended
Articles of
Incorporation
– PHP
1,000.00*
*plus Legal
Research Fee
(LRF) 1% of
computed
iling fee but
not less than
PHP 10.00 and
documentary
stamp tax of
PHP 30.00
Handling fee –
P20.00
83
8. DISSOLUTION
8A. Dissolution under Section 134 of the Revised Corporation Code

Of ice:
Pandemic:
1. Veri ied request for dissolution To be prepared and provided by the Company
2. Certi ication against Forum Shopping To be prepared and provided by the Company
3. Board resolution or directors’/trustees certi icate authorizing To be prepared and provided by the Company
the dissolution and designating an authorized representative
4. Audited Financial Statements as of the last iscal year To be prepared and provided by the Company
stamped received
by SEC and BIR, EXCEPT
84
i. Where the applicant has ceased operations for at least one
(1) year, it shall submit:
a) Audited Financial Statements as of the last iscal
year of operation; and
b) Af idavit of non-operation certi ied under oath by the
President and Treasurer
incorporation, it shall submit:
a) Balance Sheet certi ied under oath by the
President and Treasurer;
c) Certi icate of non-registration issued by the BIR
iii. Where the applicant corporation is (stock or non-stock) with

total assets or liabilities of less than P600,000, it shall submit its
Balance Sheet as of last preceding iscal year certi ied under oath
by the President and Treasurer
5. Certi ication under oath by the President and Treasurer To be prepared and provided by the Company
certifying that:
i. the dissolution is not prejudicial to the interest of the
creditors; and
ii. there is no opposition from any creditors from the time of
the last publication of the notice of dissolution up to the iling of
the application for dissolution with the Commission
6. BIR Tax Clearance Certi icate BIR
7. Publisher’s Af idavit of publication of notice of meeting
85
8. Secretary’s Certi icate on non-existence of intra-corporate EO Public Assistance or Downloadable at SEC website through
dispute the following URL: http://www.sec.gov.ph/wp-
content/uploads/2015/07/Secretarys_Certi icate_NonExistence
_Corp_Dispute.pdf
9. Endorsement/Clearance from other departments or other

government agencies, if applicable
10. Latest due General Information Sheet EO Public Assistance or Downloadable at SEC website through
the following URL: http://www.sec.gov.ph/wp-
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING PERSON

TIME RESPONSIBLE
1. Secures a 1. Calls the number through None 1 minute EO

number through the system and assists the Frontline
the queuing system client Staff
2. Submits the 2. Records the application for None 1 minute EO
requirements to the -pre- processing Frontline
Counter Of icer for
Staff
pre-processing 2.1. For irst time
applicants, examines if 20 minutes
documents are complete in
form
86
TIME RESPONSIBLE
2.1.1.If complete,
assigns the
application to a
Securities Specialist
2.1.2.If for compliance,

de iciencies and informs and
returns to the client. Go to
Step 1
2.2. Advises the client when to 1 minute Securities

follow up the application Specialist
II
87
TIME RESPONSIBLE
2.3. Examines whether the 14 Securities

documents submitted are working Specialist II
complete in form and in days Securities
substance Counsel I /
Securities
Examiner
III
2.3.1.If application is
complete and in order, the
specialist
prepares report and

submits it to Securities
Counsel / Examiner for
review
approved by the Securities None 5 working EO
Counsel / Examiner, days Director/OIC
forwards to EO Director/OIC
for inal review
88
TIME RESPONSIBLE
2.3.3. If the application is

for compliance, the specialist
returns it to the applicant.
Go to Step 2.3

report and the documents
submitted

the specialist/counsel to
prepare Payment
Assessment Form
Processor informs client that

application can be paid
2.4.2.If not compliant, return

specialist. Go to Step 2.3.3
89
TIME RESPONSIBLE
3. Prepares 3. Receives the follow-up slip, None 5 minutes EO

follow-up slip prepares the application and Frontline
(form is corporate folders and
Staff
available at the forwards it to the Releasing
Guard) and Section
submits to
Counter
Of icer after
client
signi ies intent to

pay
If Stock Corporation – 10 minutes ESPAYSEC

4. Pays the 4. Receives and acknowledges PHP 1,060.00 (ONLINE)/LANDBAN
iling fees payment K
If Non-Stock
Corporation – PHP
1,060.00
*Inclusive of Legal
Research Fee of PHP
10.00 and
90
TIME RESPONSIBLE
Documentary Stamp
Tax of PHP 30.00
Handling fee – P20.00
5. Secures a None 1 minute EO

number 5. Calls the number through Frontline
through the the system and assists the
client Staff
queuing
system
(Receiving)
6. Submits 6. Receives the None

complete complete application 30 minutes EO
application requirements and advises Receiving
requirements the client when to follow up Unit
its status
6.1. Prepares Certi icate

20 minutes
EO Frontline Staff
EO Director/OIC
91
TIME RESPONSIBLE
6.2. Signs and 30 minutes EO Frontline Staff

approves the
application

7. Secures a None 1 minute EO

number 7. Calls the number through Frontline
client Staff
queuing
system
(Releasing)
None 1 minute EO
8. Presents the 8. Receives the Of icial Receipt Frontline
Of icial Staff
Receipt to
the Counter
Of icer
92
TIME RESPONSIBLE
9. 9. Releases the duly None 10 minutes EO

Receives approved certi icate Frontline
the duly Staff
approve
d
certi icat 9.1. Encodes the
e details of the application
in the systems
If Stock Corporation – 19 days, 2

TOTAL PHP1,060 hours and
If Non-Stock 41 minutes
Corporation – PHP
1,060
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
93
TIME RESPONSIBLE
Handling fee –
P20.00
94
8B. Dissolution under Section 136 of the Revised Corporation Code where
proposed expiration of corporate term is one year or more than one year
from approval of application
Of ice:
Pandemic:
http://www.sec.gov.ph/wp-
content/uploads/2015/07/Cover_Sheet_for_Amendment.pdf
95
2. Directors’ Certi icate for Stock Corporation / Trustee’s EO Public Assistance or
Certi icate for non-stock corporation
Downloadable at SEC website through the following URL: Directors’
Certi icate - http://www.sec.gov.ph/wp-
content/uploads/2015/07/Directors_Certi icate.pdf
Trustees’ Certi icate - http://www.sec.gov.ph/wp-

content/uploads/2015/07/Trustees_Certi icate.pdf
3. Amended Articles of Incorporation To be prepared and provided by the Company
intra-corporate dispute following URL: http://www.sec.gov.ph/wp-
content/uploads/2015/07/Secretarys_Certi icate_NonExistence_Cor
p_Dispute.pdf
5. Endorsement/Clearance from other departments or

other government agencies, if applicable
6. Monitoring clearance SEC Cebu Ext. Of ice
96
TIME RESPONSIBLE
1. Secures a None 1 minute EO Frontline

number 1. Calls the number through Staff
queuing client
system
2. Submits the 2. Records the application None 1 minute EO Frontline

requirements for -pre- processing Staff
to the Counter
Of icer for
pre-processin 2.1. For irst time 20 minutes
g applicants, examines if
documents are complete
in form
2.1.1.If complete,
assigns the
application to a
97
TIME RESPONSIBLE
2.1.2.If for
compliance, prepares
a checklist of
de iciencies and
informs and returns
to the client. Go to
Step 1
2.2. Advises the client 1 minute Securities

when to follow up the Specialist II
application
2.3. Examines whether 14 working Securities

the documents days Specialist II
submitted are complete Securities
in form and in Counsel I /
substance.
Securities
Examiner III
complete and in
order, the specialist
prepares report
and submits it to
98
TIME RESPONSIBLE
Securities Counsel
/ Examiner for
review
2.3.2. If
application is EO Director/OIC
approved by the None 5 working days
Securities Counsel /
Examiner, forwards
to EO Director/OIC
for inal review
2.3.3. If the application is

for compliance, the specialist
returns it to the applicant.
Go to Step 2.3
2.4. Reviews the

inal report and the
documents submitted
orders the specialist
99
TIME RESPONSIBLE
/counsel to prepare a
Payment Assessment
Form.
Processor informs
client that application
can be paid
2.4.2.If not compliant,

return the application
to the specialist. Go to
Step 2.3.3
3. Prepares 3. Receives the follow-up slip, None 5 minutes EO Frontline

follow-up slip prepares the application and Staff
(form is corporate folders and
available at the forwards it to the Releasing
Guard) and Section.
submits to
Counter Of icer
after client
signi ies intent to

pay
100
TIME RESPONSIBLE
If Stock 10 minutes ESPAYSEC

4. Pays the 4. Receives and acknowledges Corporation – (ONLINE)/LANDBANK
iling fees payment PHP1,060.00
If Non-Stock
Corporation –
PHP1,060.00
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
Handling fee –
P20.00
101
TIME RESPONSIBLE

queuing client
system
(Receiving)
6. Submits 6. Receives the None

complete complete application 30 minutes EO Receiving
application requirements and advises Unit
requirements the client when to follow
up its status

20 minutes
EO Frontline
6.2. Signs and Staff
approves the
application 30 minutes
EO
Director/OIC
102
TIME RESPONSIBLE
6.3. Forwards the

to the Releasing Unit 30 minutes
EO Frontline
Staff

queuing client
system
(Releasing)
None 1 minute EO Frontline

8. Presents the 8. Receives the Of icial Receipt Staff
Of icial
Receipt to
the Counter
Of icer
103
TIME RESPONSIBLE
9. 9. Releases the duly None 10 minutes EO Frontline

Receives approved certi icate Staff
the duly
approved
certi icate 9.1. Encodes the
details of the application
in the systems
19 days, 2
TOTAL If Stock hours and
Corporation – 41 minutes
PHP 1,060
If Non-Stock
Corporation
– PHP 1,060
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
104
TIME RESPONSIBLE
Handling fee –
P20.00
105
8C. Dissolution under Section 136 of the Revised Corporation Code where
proposed expiration of corporate term is less than one year from approval
of application.
Of ice:
Pandemic:
content/uploads/2015/07/Cover_Sheet_for_Amendment.pdf
106
2. Directors’ certi icate for Stock Corporation / Trustee’s EO Public Assistance or
Certi icate for non-stock corporation
Downloadable at SEC website through the
following URL: Directors’ Certi icate -
content/uploads/2015/07/Directors_Certi icat
e.pdf
Trustees’ Certi icate - http://www.sec.gov.ph/wp-

content/uploads/2015/07/Trustees_Certi icate.pdf
. Audited Financial Statements as of the last iscal year stamped

received by SEC and BIR, EXCEPT To be provided by the Company
i. Where the applicant has ceased operations for at least one

a) Audited Financial Statements as of the last iscal year
of operation; and

ii. Where the applicant has no operation since incorporation, it

shall submit:
107
a) Balance Sheet certi ied under oath by the
iii. Where the applicant corporation is (stock or nonstock) with

total assets or liabilities of less than P600,000, it shall submit its
Balance Sheet as of last preceding iscal year certi ied under oath
by the President and Treasurer
certifying that:

creditors; and
ii. there is no opposition from any creditors from the time
of the last publication of the notice of dissolution up to
the iling of the
application for dissolution with the Commission
108
7. Publisher’s Af idavit of publication of notice of dissolution Publisher of a newspaper of general circulation
(once a week for three [3] consecutive weeks)
EO Public Assistance or Downloadable at SEC website

8. Secretary’s Certi icate on non-existence of intra-corporate through the following URL: http://www.sec.gov.ph/wp-
dispute
content/uploads/2015/07/Secretarys_Certi icate_NonExiste
nce_Corp_Dispute.pdf

PROCESSING PERSON
CLIENT STEPS AGENCY ACTIONS FEES TO BE TIME RESPONSIBL
PAID
E
1. Secures a
number through 1. Calls the number None 1 minute EO Frontline
the queuing system through the system and Staff
assists the client
109
PROCESSING PERSON
PAID
E
2. Submits the 2. Records the None 1 minute EO Frontline

requirements to application for -pre- Staff
the Counter Of icer processing
for pre-processing
2.1. For irst time

applicants, examines if 20 minutes
documents are
complete in form
2.1.1.If complete,
assigns the application
to a Securities
Specialist
2.1.2.If for compliance,

prepares checklist of
de iciencies and
informs and returns to
client. Go to Step 1
110
PROCESSING PERSON
PAID
E
2.2. Advises the client 1 minute Securities

when to follow up the Specialist II
application
2.3. Examines whether 14 working Securities Specialist II

the documents days
Securities Counsel I /
submitted are complete
in form and in Securities Examiner
substance. III
complete and in order, the
specialist prepares report
and submits it to
Examiner for review
approved by the
Examiner, forwards to
EO Director/OIC for
inal review
111
PROCESSING PERSON
PAID
E
2.3.3. If the application

is for compliance, the
specialist prepares a
and informs and returns
it to the applicant. Go to
Step 2.3
2.4. Reviews the

inal report and the
documents submitted
orders the specialist None 5 working EO
/counsel to prepare days Director/OIC
Payment Assessment
Form Processor
informs client that
application can be paid
112
PROCESSING PERSON
PAID
E
2.4.2.If not compliant,

return the application to
the specialist. Go to Step
2.3.3
3. Prepares 3. Receives the None 5 minutes EO Frontline

follow-up slip follow-up slip, prepares Staff
(form is available the application and
at the Guard) and corporate folders and
submits to Counter forwards it to the
Of icer after client Releasing Section
If Stock 10 minutes ESPAYSEC

4. Pays the iling 4. Receives and Corporati (ONLINE)/LANDBANK
fees acknowledges payment on – PHP
1,060*
113
PROCESSING PERSON
PAID
E
If
Non-Stock
Corporati
on – PHP
1,060.00*
*Inclusive
of Legal
Research
Fee of
PHP
10.00 and
Document
ary Stamp
Tax of
PHP 30.00
Handling
fee –
P20.00
114
PROCESSING PERSON
PAID
E

number through 5. Calls the number Staff
the queuing system through the system and
assists the client
(Receiving)
6. 6Submits 6. Receives the None

complete complete application 30 minutes EO Receiving
application requirements and Unit
requirements advises the client
status
6.1. Prepares 20 minutes

Certi icate EO Frontline
Staff
6.2. Signs
and approves the 30 minutes
application
115
PROCESSING PERSON
PAID
E
6.3. Forwards 30 minutes EO Director/OIC

the approved
application to the
Releasing Unit
EO Frontline Staff

number through 7. Calls the number Staff
the queuing system through the system and
assists the client
(Releasing)
None 1 minute EO Frontline

8. Presents the Of icial 8. Receives the Of icial Staff
Receipt
Receipt to the
Counter Of icer
116
PROCESSING PERSON
PAID
E
9. Receives the 9. Releases the None 10 minutes EO Frontline

duly approved duly approved Staff
certi icate certi icate
9.1. Encodes the

details of the
application in the
systems
19 days, 2
TOTAL If hours and
Stock
41 minutes
Corpora
tion –
PHP
1,060*
117
19 days, 2
TOTAL If Stock hours
and
Corporation
41
– PHP
minutes
1,060*
If Non-Stock
Corporation
– PHP
1,060*
*Inclusive of
Legal
Research Fee
of PHP 10.00
and
Documentary
Stamp Tax of
PHP 30.00
Handling
fee –
P20.00
118
9. Equity Restructuring
This service details the procedure on application for equity restructuring.
Of ice:
Pandemic:

1. Letter request to undergo equity restructuring signed by To be provided by the Company.
the Company’s Of icer
2. Certi ication under oath by the Corporate Secretary on To be provided by the Company.
the board resolution approving the equity restructuring
plan
Agencies
119

PAID
system client
Counter Of icer for
pre-processing 2.1. For irst time
complete in form
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
120
PAID
returns to the
client. Go to Step
1
2.2. Advises the client 1 minute Securities Specialist II

application
2.3. Examines whether the 14 working days Securities Specialist II

and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to EO
121
PAID
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3

report EO Director/OIC
order the
specialist
/counsel to stamp
ok for payment.
Processor
informs client that
application can be
paid
122
PAID
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
4. Pays the iling fees 4. Receives and 1. Equity 10 minutes EO ESPAYSEC
acknowledges payment Restructuring – (ONLINE)/LANDBANK
PHP 5,080.00*
*Inclusive of
LRF of PHP
50.00 and Doc
Stamps of PHP
30.00
Handling Fee –
P20.00
123
PAID
status
EO Frontline Staff
20 minutes
EO Director/OIC
30 minutes
the application
EO Frontline Staff
30 minutes
6.3. Forwards the
Counter Of icer
124
PAID

systems
TOTAL 1. Equity 19 days, 2 hours
Restructuring and 41 minutes
– PHP
5,080.00*
*Inclusive of
LRF of PHP
50.00 and Doc
Stamps of PHP
30.00
Handling Fee
– P20.00
125
Of ice:
Pandemic

for_Amendment.pdf
126
rti icate.pdf
127
Code; s2008.pdf
than P50,000,000.00
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath EO Public Assistance

among subscribing stockholder/s, treasurer and
president for the corporation, stating the number of
additional shares subscribed to and paid for.

certi ication
128
Act*** o.F-100.pdf
Agencies

PAID
1. Secures a number 1. Calls the number None 1 minute EO Frontline Staff
through the through the system and
queuing system assists the client
Counter Of icer for
applicants,
examines if
documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
129
PAID
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies
and informs
and returns to
the client. Go
to Step 1
2.2. Advises the client None 1 minute Securities Specialist II

when to follow up
the application
2.3. Examines whether None 14 working days

the documents Securities Specialist II
submitted are Securities Counsel I
complete in form
and in substance.
is complete
and in order,
the specialist
prepares
report and
130
PAID
submits it to
Securities
Counsel for
review
is approved by
the Securities
Counsel,
forwards to EO
Director/OIC
for inal review
2.3.3. If the
application is
for compliance,
the specialist
prepares a
checklist of
de iciencies
and informs
and returns it
to the
applicant. Go to
Step 2.3
131
PAID
2.4. Reviews the inal None 5 working days
report and the EO Director/OIC
documents
submitted
order the
specialist
/counsel to
stamp ok for
payment.
Processor
informs client
that application
can be paid
2.4.2. If not
compliant,
return the
application to
the specialist.
Go to Step 2.3.3
slip (form is slip, prepares the
available at the application and
Guard) and submits corporate folders and
132
PAID
to Counter Of icer forwards it to the
after client signi ies Releasing Section
intent to pay
4. Pays the iling fees 4. Receives and 1. Amended 10 minutes ESPAYSEC
acknowledges payment Articles of (ONLINE)/LANDBANK
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
not less than
P3,000.00 or the
subscription
price of the
subscribed
capital stock,
whichever is
higher
133
PAID
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less than
P10.00
134
PAID
4. Documentary
Stamp tax of
P60.00
*Inclusive of LRF
of P10.00
***For
Corporations
with FIA
Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of
P30.00
Handling Fee of
P20.00
(Receiving)
135
PAID
application application
requirements requirements and
advises the client when
to follow up its status
6.1. Prepares EO Frontline Staff

20 minutes
Certi icate

the application
6.3. Forwards the

approved
application to the
Releasing Unit
(Releasing)
Counter Of icer
136
PAID
9.1. Encodes the details

of the application
in the systems
TOTAL 1. Amended 19 days, 2 hours and
Articles of 41 minutes
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation
with par value
–
1/5 of 1% of
the increase in
capital stock
but not less
than P3,000.00
or the
subscription
137
PAID
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of
the increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or
the issue value
of the
subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
138
PAID
1% of the
computed iling
fee for Increase
of Capital Stock
but not less
than P10.00
4. Documentary
Stamp tax of
P60.00
*Inclusive of
LRF of P10.00
***For
Corporations
with FIA
Application -
Additional
P3,060,
inclusive of LRF
of P30.00 and
DST of P30.00
Handling Fee of
P20.00
139
PAID
140
2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets
Note: If the application involves intricate legal issues, please refer to procedure for Merger / Consolidation.
Of ice:
Pandemic:
141
BASIC REQUIREMENTS
or_Amendment.pdf
ti icate.pdf
142
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No
Act*** .F-100.pdf
Agencies
12.1 Audited Financial Statements (AFS) as of the last To be provided by the company
12.2 A report to be rendered by an Independent CPA on For guidance, refer to Memorandum Circular No. 6 series of 2008
equity, if not re lected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06
s2008.pdf
143
13. Stock Dividends
13.1 List of stockholders entitled to stock dividend with To be provided by the Company
allocation of stock dividend certi ied by the
corporate secretary
13.2 Audited Financial Statements as of the last iscal To be provided by the Company
year received by BIR and SEC
13.3 Interim audited inancial statements if used as To be provided by the Company
basis of dividend declaration (basis is other than
13.2)
13.4 Projected inancial statement for the remaining To be provided by the Company
period certi ied by company accountant (if the
basis is item 13.3)
13.5 Undertaking by the company President or To be provided by the Company
Treasurer stating that in the event the retained
earnings at year end is not suf icient to cover the
stock dividend under consideration, any de iciency
will be replaced by other form of payment
allowable by the Commission (if the basis is item
13.4)
computation of the Finance Of icer, the allocation
of stock dividends as indicated in the Certi icate of
true and correct
144
13.8 Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series
s2008.pdf

(market value/appraised value, assessed value or
zonal value) certi ied by the company accountant
14.2 Copy of TCT/CCT and tax declaration sheet certi ied To be provided by the Applicant.
respectively
14.4 Appraisal report by a licensed real estate To be provided by the Applicant.

appraiser, if transfer value is based on appraised
value (not more than 6 month old)
14.6 If property is mortgaged, submit To be provided by the Applicant.
14.7 For assignment of buildings where assignor is not To be provided by the Applicant.
145
transfer
14.8 Certi ication from Transferor stating that the To be provided by the Applicant.

http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no
.14-s2013.pdf
15. Untitled Lands

declaration sheets
146
15.6 Duplicate original or certi ied true copies of any To be provided by the Applicant.
a. Existence (or non-existence) of easements over
c. Whether the transferor is the dominant estate or
the servient estate, by virtue of such easements
15.8 Under oath undertaking of the To be provided by the Applicant.
b. it has not issued any Certi icate of Land
Ownership Award (CLOA) over the property to any
other party or
Bureau of Lands
value)
147
15.13 Appraisal report by authorized appraiser, if To be provided by the Applicant.
transfer value is based on appraised value (not
15.15 Af idavit of undertaking to submit certi ied true To be provided by the Applicant.
copy of the original certi icate of title in the name
of the transferee-corporation within one (1) year
from the date of receipt of the approval of the
application
accountant
16.4 Certi ication from the transferor stating that the To be provided by the Applicant
company accountant
17.2 Appraisal report by authorized appraiser (not To be provided by the Applicant.
148
imported, a valuation report (with description of
the property) by the Bangko Sentral Ng Pilipinas.
18. Shares of Stock
stockholder, stock certi icate number, no. of shares
and the basis of transfer value (market or book
18.2 Audited inancial statements of the investee To be provided by the Applicant.
and SEC
18.4 Certi ication by the Corporate Secretary of the To be provided by the Applicant.
18.5 Photocopy of the stock certi icate (present original To be provided by the Applicant.
for veri ication)
latest market price of the shares of stock (if listed
in the Stock Exchange)
18.7 Af idavit of undertaking to submit the required To be provided by the Applicant.
149
.14-s2013.pdf
19. Motor Vehicles
for veri ication)

.14-s2013.pdf
20.1 Detailed schedule of vessel/aircraft showing To be provided by the Applicant.
description and appraised value, certi ied by the
company accountant
150



.14-s2013.pdf
21. Intangibles
21.1 Photocopy of System Purchase Agreement or any To be provided by the Applicant
claims/rights
21.3 Appraisal report by an accredited appraisal To be provided by the Applicant
old)
151
.14-s2013.pdf
22. Net Assets
22.1 Audited inancial statements (AFS) of the To be provided by the Applicant
22.2 Audited inancial statements of single To be provided by the Applicant
22.5 List of creditors with the amount due to each To be provided by the Applicant
22.7 Photocopy of the certi icate of registration of the To be provided by the Applicant
22.8 Copy of TCT/CCT and tax declaration sheets To be provided by the Applicant
22.9 Photocopy of stock certi icates (present original To be provided by the Applicant
for veri ication)
proprietorship)
152
.14-s2013.pdf

PAID
system client
Counter Of icer for
documents are
complete in form
2.1.1. If complete, 1 minute Securities Specialist II

assigns the
application to a
Securities
Specialist
153
PAID
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1

application
2.3. Examines whether the Securities Specialist II

14 working days
and in substance.
complete and in
order, the
specialist
prepares report
and submits it to
154
PAID
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to EO
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3

report and the 5 working days EO Director/OIC
documents submitted
155
PAID
orders the
Specialist /
Counsel to make a
inal report and
stamp okay for
payment.
Processor
informs client that
application can be
paid
2.5. 2. If not compliant,

return the application
to the Specialist. Go to
Step 2.3.3
156
PAID
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation
with par value
–
1/5 of 1% of
the increase in
capital stock
but not less
than P3,000.00
or the
subscription
price of the
subscribed
capital stock,
whichever is
higher
**For
corporation
157
PAID
without par
value –
1/5 of 1% of
the increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or
the issue value
of the
subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less
than P10.00
158
PAID
4.
Documentary
Stamp tax of
P60.00
*Inclusive of
LRF of P10.00
***For
Corporations
with FIA
Application -
Additional
P3,060,
inclusive of
LRF of P30.00
and DST of
P30.00
5. Handling Fee
of P20.00
159
PAID
status
20 minutes
6.1. Prepares Certi icate EO Frontline Staff

the application
6.3. Forwards the

Counter Of icer
160
PAID
system
Articles of and 41 Minutes
Incorporation
– P1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation
with par value
–
1/5 of 1% of
the increase in
capital stock
but not less
than
P3,000.00 or
the
subscription
price of the
subscribed
161
PAID
capital stock,
whichever is
higher
**For
corporation
without par
value –
1/5 of 1% of
the increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or
the issue value
of the
subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed
162
PAID
iling fee for
Increase of
Capital Stock
but not less
than P10.00
4.
Documentary
Stamp tax of
P60.00
*Inclusive of
LRF of P10.00
***For
Corporations
with FIA
Application -
Additional
P3,060,
inclusive of
LRF of P30.00
and DST of
P30.00
163
PAID
5. Handling
Fee of P20.00

Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Registered Partnerships, Domestic
Customers Corporations, and Licensed Foreign Corporations.
164
Pandemic:

2. Monitoring Clearance (1 photocopy) SEC EO

2.1. Primary Licenses
2.2. Lending
2.3. Foundation

1. Secures a queuing number in 1. Calls the number through the None 1 minutes EO Frontline Staff
SEC EO system and assists the client
2. Waits for the processing of 2. Receives application None 2 minutes Administrative
request Assistant II
Evaluate attachments
Veri ies the status of

corporation through
CIS-URDB.
3. Receives Payment Assessment 3. If application is cleared, a Certi ication 2-5 minutes per
Form (PAF) and pay through Request Issue Slip is issued and Fee – P500 document
165
online payment options or Payment Assessment Form (PAF) Documentary
Landbank for to the applicant with instruction Stamp Tax –
over-the-counter payment. to pay through online payment P30
options.
5 minutes per
3.1 If not cleared in
document
Certi ication Issuance
System-Uni ied Reference
Database (CIS-URDB), for
further evaluation of the
monitoring personnel.
3. Gives back the Payment 3. Prints the Certi icate of No 3 minutes Administrative
Assessment Form (PAF) for Derogatory Information Assistant II
veri ication of payment. through the CIS-URDB.
3.1 Reviews the

application and signs the
Certi icate of No
Derogatory Information.
3.2 Seals the Certi icate
of No Derogatory 3 minutes EO Director/OIC
logo
166
4. Receives the certi ication 4. Releases the Certi icate of No None 5 minutes EO Frontline Staff
Derogatory Information
(CNDI) to the applicant.
TOTAL P530.00 30 Minutes

(Requested by Third Party)
This service details the procedure on Issuance of Certi icates of Corporate Filing/Information.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: Public.
Customers
167
Pandemic:

1) Request Letter (2 copies) To be provided by client

1. Secures a queuing number in 1. Calls the number through None 1 minute EO Frontline Staff
the Records Section the system and assists the
client
2. Submits the Request Letter in 2. Receives and evaluates the None 3 minutes Administrative
2 copies with the complete Request Letter and Assistant II
email address and telephone attachments if there is any
or mobile number
2.1. Stamps “Received” the
Request Letter with date
and time and signs
2.2. Returns to the client 1 3 minutes Administrative

copy of the SEC Assistant II
“Received” Request
Letter with an advice
noted on the page to
follow-up certi ication
within 3 working days
2.3. Validates the inquiry if 2 day Administrative

there is any available Assistant II
168
information
online/database, index
cards and other records,
retrieves the corporate
ile, and attaches all
submitted GIS and FS
index with ODRS status
printout
2.4. Drafts the certi ication 3 minutes Administrative

and attaches the Routing Assistant II
Sheet and forwards to
the EO Director/OIC for
approval.
3. Receives Payment Assessment 3. Send a copy of the Payment Certi ication 5 minutes EO Frontline Service
Form (PAF) through email. Assessment Form (PAF) to Fee – P500
the email indicated in the
request letter with the Documentar
instruction to pay the y Stamp Tax
Certi ication through online – P30
payment options and
another email will be sent
when it is available for
pick-up.
4. Email the proof of payment 5. Finalizes and prints the None 5 minutes Administrative
(electronic receipt) to Certi icate of Corporate Assistant
abheramiz@sec.gov.ph Filing/Information. Securities Specialist
169
5.1. Reviews the 3 minutes EO Director/OIC

request and signs
the Certi icate of
Corporate
Filing/Information
6. Generation of QR code
6.1 Scans the signed

signature to upload to
Document Tracking
and Veri ication
System for generation
of QR code.
6.2 Seals the Certi icate of

Corporate
Filing/Information
6. Receives an email that the 6.1. Releases the None 5 minutes EO Frontline Staff
Certi icate is ready for pick-up. Certi icate of
Corporate
Filing/Information
to the client.
TOTAL P530.00 2 day, 1 hour
and 33
minutes
170
14. Issuance of Certi ication as to Status of a Registered Corporation (With
Monitoring Clearance)
This service details the procedure on Issuance of Certi icates of Corporate Filing/Information.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Registered Partnerships, Domestic
Customers Corporations, and Licensed Foreign Corporations.
Pandemic:

1) Request Form (1 Original) To be provided by client
171
2) Monitoring Clearance (1 photocopy) SEC EO

1. Fills up Request Form and 1. Calls the number through the None 1 minute EO Frontline Staff
secures a queuing number in system and assists the client
the Records Section
2. Waits for the processing of 2. Receives and evaluates the None 2 minutes Administrative
request request with the attachments Assistant II
2.1. Checks the monitoring 3 minutes Administrative

sheet, status of the Assistant II
corporation from the
records and drafts the
Certi icate of Corporate
Filing/Information
2.2. A Payment Assessment

Certi ication *time varies as to Administrative
Form (PAF) is issued to Fee – P500 when the Assistant
the applicant with applicant would
instruction to pay Documentary pay
through online payment Stamp Tax –
options or LandBank for P30
over-the-counter
payment.
3. Presents the proof of payment. 3. Finalizes and prints the 5 minutes Administrative
Certi icate of Corporate Assistant II
Filing/Information.
172
3.1. Reviews the request and 3 minutes EO Director/OIC

signs the Certi icate of
Corporate
Filing/Information
3.2. Generation of QR 10 minutes

code
3.3. Scans the signed

Document Tracking
and Veri ication System
for generation of QR
code.
4. Receives the certi ication 5. Seals the Certi icate of None 5 minutes EO Frontline Staff
Corporate
Filing/Information. with the
SEC logo
5.1. Releases the 3 minutes

Certi icate of
Corporate
Filing/Information.
to the client
TOTAL P530.00 48 minutes
173
15.Issuance of Negative Certi ication
This service details the procedure on Issuance of Negative Certi ication.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: Public.
Customers
Pandemic:


the Record Section the system and assists the
174
client
email address and telephone attachments if there is any
or mobile number
2.1. Stamps “Received” the 3 minutes Administrative

Request Letter with date Assistant II
and time and signs
2.2. Returns to the client 1

copy of the SEC

information
175
printout
2.4. Drafts the certi ication 3 minutes Administrative

and attaches the Routing Assistant II
Sheet and forwards to
the EO Director/OIC for
approval.
3. Receives Payment Assessment 3. Send a copy of the Payment Certi ication 5 minutes EO Frontline Service
Form (PAF) through email. Assessment Form (PAF) to Fee – P500
the email indicated in the
request letter with the Documentar
instruction to pay the y Stamp Tax
Certi ication through online – P30
payment options and
another email will be sent
when it is available for
pick-up.
4. Email the proof of payment 4. Finalizes and prints the None 5 minutes Administrative
(electronic receipt) to Certi icate of Corporate Assistant
abheramiz@sec.gov.ph Filing/Information. Securities Specialist
4.1. Reviews the 3 minutes

request and signs EO Director/OIC
the Certi icate of
Corporate
176
Filing/Information
6. Generation of QR code
6.1 Scans the signed

Document Tracking
and Veri ication
System for generation
of QR code.
6.2 Seals the Certi icate of

Corporate
Filing/Information
5. Goes back to the assigned 5. Finalizes and prints the None 5 minutes Administrative
personnel and presents the Certi icate of Assistant
draft, Payment Assessment Non-Registration. Securities Specialist
Form (PAF) and of icial receipt Securities Counsel I
5.1. Reviews the 3 minutes EO Director/OIC

request and signs
the Certi icate of
Non-Registration
6. Receives an email that the 6. Releases the Certi icate None 5 minutes EO Frontline Staff
Certi icate is ready for pick-up. of Corporate
Filing/Information to
the client.
TOTAL P530.00 1 day, 1 hour
177
and 33
minutes
16.Issuance of Plain/Authenticated Copies of Documents

This service details the procedure on request for plain and/or authenticated copies of documents on ile with the Commission
Of ice:
Customers
.
Pandemic:

1. Signed Letter Request (1 original, 1 photocopy) Requesting Government Agency
178
1. Submits the letter to the 1. Receives the letter request None 3 minutes EO Frontline Staff
Of ice of the Director (OD)
– EO (if by mail) or the
1.1. Assigns and forwards to
records section if walk-in
concerned EO staff
client
2. Waits for request to be 2. Prepares the requested None 5-10 minutes per EO Frontline Staff
processed documents and forwards to document
the Administrative Of icer II
2.1. *If plain copy, prints the

documents
2.2. **If authenticated copy,

prints and stamps the 10 minutes EO Frontline Staff
documents
2.2.1. Prepares the

Requisition Slip and
forwards the same
10 minutes Administrative Of icer
together with the II
documents to the
Administrative
Of icer II
179
2.2.2. Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government Service
Insurance System
(GSIS) and other
pro it-making
Requisition Slip.
3. Pays the fees. 3. Receives the payment. Plain Copy: 5 minutes ESPAYSEC
(ONLINE)/LANDBAN
Articles of K
Incorporation
P100
Amended
Articles of
Incorporation
P 100
By-Laws/Ame
nded By-Laws
P 100
General
Information
180
Sheet
P 25
Increase in
Capital Stock
P 70
Secretary's
Certi icate
P 25
Authenticated
Copy:
Articles of
Incorporation
P100+ 30 DS
Amended
Articles of
Incorporation
P100+30 DS
By-Laws/Ame
nded By-Laws
P100+30 DS
General
Information
Sheet
P25+30 DS
Authentication
of document
not mentioned
above: P 10
181
per page + P
50
authentication
fee per
document.+30
DS
Documentary
Stamp Tax
P30
4. Receives the documents. 4. Releases the documents None 5 minutes Administrative Of icer
II
TOTAL 43 minutes
182
17.Petition for Correction of Entries in the Articles of Incorporation
and/or By-laws and/or Treasurer’s Af idavit and subsequent
amendments thereof of Domestic Corporations
Of ice:
Pandemic:

3) Secretary’s Certi icate EO Public Assistance
183
5) Corrected Articles of Incorporation/By-laws/Amended No Prescribed format. To be prepared by the Company.
Articles of Incorporation/Amended By-laws
6) Other evidence (Af idavits, IDs, etc. depending on the To be provided by the Company.
nature of the corrections)

client
2. Submits the requirements to 2. Records the application for None 1 minute EO Frontline Staff
the Counter Of icer for pre-processing
pre-processing
in form
2.1.1. If complete,
assigns the
application to a
Securities Counsel
prepares checklist
of de iciencies and
informs and returns
184
to client. Go to Step
1.
2.2. Advises the client when

to follow up the
application 1 minute Securities Counsel I

documents submitted 14 working days Securities Counsel I
and in substance
complete and in
Counsel prepares a
draft Order and
Notice and submits
to the EO
Director/OIC for
review
for compliance, the
Securities Counsel
of de iciencies and
185
returns it to the
applicant. Go to Step
2.3.
2.4. Reviews the draft Order

and Notice and the
documents submitted.
2.4.1. If petition is to be 5 working days EO Director/ OIC

granted and the
Order suf icient, the
EO Director/OIC
orders the
Securities Counsel
to stamp OK for
payment. Securities
Counsel informs the
client that the
application can be
paid.

returns the
application to the
Securities Counsel.
Go to Step 2.3.2; if
186
Order is not
suf icient, go to Step
2.3.1
3. 3. Pays the iling fees 3. Receives and acknowledges Filing Fee: 10 minutes ESPAYSEC
payment P3,000.00 (ONLINE)/LANDBAN
K
Handling fee
of P20.00
Legal
Research Fee
(LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
notarized
document
4. Submits complete application 4. Receives the complete None 30 minutes EO Receiving Unit
4.1. Assigns SEC CEO Case 3 minutes EO Frontline Staff

number and records it
to the logbook for
187
of Entries
4.1.1. Finalizes Order

and Notice 30 minutes Securities Counsel I
4.1.2. Forwards the

5 minutes
Order and Notice to
EO Director/OIC for
review and
signature
4.1.3. EO Director/OIC
signs and approves 30 minutes EO Director/OIC
the application.
Securities Counsel
informs the client
that the Order and
Notice can be picked
up
5. Receives the approved Order 5. Releases the duly approved None 1 minute EO Frontline Staff
and Notice Order and Notice
5.1. Asks client to ill out the 1 minute EO Frontline Staff

routing sheet for the
188
release of the Order and
Notice
5.2. Advises client to submit 3 minutes EO Frontline Staff

the Corrected Articles of
Incorporation/
By-Laws/ Treasurer’s
Af idavit
6. Submits Corrected Articles of 6. Checks the corrected None 20 minutes Securities Counsel I
Incorporation/ Treasurer’s Articles of Incorporation/
Af idavit/By-Laws Treasurer’s
Af idavit/By-Laws
6.1.1. If there is
revision, Securities
Counsel informs
client
6.1.2. If there is no
revision, indicates 3 minutes EO Receiving Of icer
OK for receiving
30 minutes Securities Counsel I

6.2. Receiving Section
receives corrected
documents
189
6.3. Prepares the 30 minutes EO Director/OIC
Transmittal to be sent to
the Head Of ice
6.3.1. Reviews the

Transmittal
6.3.2. If the Transmittal
is in order, signs the
Transmittal
6.3.3. If Transmittal 5 minutes Securities Counsel I

needs revision,
return the draft
Transmittal to the
Securities Counsel
for revision.
6.4. Forwards the

Transmittal and the
documents for the
of Entries of the Articles
of Incorporation/
Treasurer’s
Af idavit/By-Laws for
190
Documentar and 31 minutes
y Stamp Tax:
P30.00 per
notarized
document
191
Of ice:
Pandemic:

1) Veri ied Petition to set aside the Order of Revocation or No Prescribed format
Suspension
Certi icate of Filing or Amended Articles or By-Laws (if
any) together with the latest Articles of Incorporation
and By-Laws To be prepared by the Company
6) Copies of the stock and transfer book or membership EO Public Assistance
book To be prepared by the Company
192
7) Secretary’s Certi icate of No Intra-Corporate Controversy
8) Sworn Certi ication by External Auditor
9) Proof of operation for each year, starting from the date
of revocation or date of incorporation (for a suspension
order) up to the time of the iling of the petition, any of
the following but not limited to:
d. Contracts;
f. Certi ications/Recognitions/Annual Conventions;
or
10)Latest Mayor’s/Business Permit To be prepared by the Company
11)Certi ication Issued by the Corporate Secretary that the
latest due Financial Statement and Income Tax Return
was received by the SEC and BIR respectively SEC Cebu Extension Of ice
12)BIR Certi icate of Registration

client
193
2. Submits the requirements to 2. .Records the application for None 1 minute EO Frontline Staff
the Counter Of icer for pre-processing
pre-processing
in form
2.1.1. If complete,
assigns the
application to a
Securities Counsel

of de iciencies and
informs and returns
to the client. Go to
Step 1.
2.2. Advises the client when 1 minute Securities Counsel I

to follow up the
application
2.3. Examines whether the 14 days Securities Counsel I

documents submitted
and in substance
194
complete and in
Counsel prepares a
draft Order and
submits to the EO
Director/OIC for
review
for compliance, the
Securities Counsel
of de iciencies and
returns it to the
applicant. Go to Step
2.3.
2.4. Reviews the draft Order 5 working days EO Director/OIC

and the documents
submitted.

recommended to be
granted and the
Order is suf icient,
the EO Director/OIC
orders the
195
Securities Counsel
to stamp OK for
payment. Securities
Counsel informs the
client that the
application can be
paid.
2.5. If the petition is not

compliant, return the
application to the
Securities Counsel. Go to
Step 2.3.2; if Order is not
suf icient, go to Step
2.3.1
3. Pays the iling fees 3. Receives and acknowledges Filing Fee: 10 minutes ESPAYSEC
payment P3,000.00 (ONLINE)/LANDBAN
K
Handling fee
of P20.00
Legal
Research Fee
(LRF): P
30.00
Documentary
Stamp Tax:
P30.00 per
196
notarized
document
4. Submits complete application 4. Receives the complete None 5 minutes EO Director/OIC
4.1. Prepares the Transmittal 30 minutes Securities Counsel I

to be sent to the Head
Of ice
4.1.1. Reviews the 30 minutes EO Director/OIC

Transmittal
4.1.1.1. If the
Transmittal is
in order, signs
the
Transmittal
4.1.1.2. If Transmittal
needs
revision,
return the
draft 5 minutes Securities Counsel I
Transmittal to
the Securities
Counsel for
revision. Go
197
to Step 4.1.
4.2. Forwards the

Transmittal and the
documents for the
Petition to Lift Order of
Suspension or
to Head Of ice
TOTAL P3,050.00 19 days, 1 hour
and 43 minutes
Documentar
y Stamp Tax:
P30.00 per
notarized
document
198
19. Property Dividend Declaration
This service details the procedure on application for approval of Property Dividend Declaration
Of ice:
Pandemic:

http://www.sec.gov.ph/wp-content/uploads/2019/03/2019_regular
coversheet.doc
the board of directors’ resolution declaring the
property dividend
3. Audited Financial Statements as of the last iscal year Company’s record
4. List of stockholders with their respective subscribed To be provided by the Company
capital stock as of the date meeting approving the
declaration of property dividend together with the
199
allocation of property dividend certi ied under oath by
the Corporate Secretary
5. Detailed schedule of the property account appearing in To be provided by the Company
the audited inancial statements
6. Certi ication by the President that the property(ies) for To be provided by the Company
dividend declaration is/are no longer needed in the
operation of the company
7. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series
s2008.pdf
8. Notarized Secretary's Certi icate of the Board Company’s Corporate Secretary
Resolution as to the reversal of appropriated retained
earnings to unappropriated retained earnings, if
applicable
10. intra-corporate dispute following URL:
11. In case where the property declared is in the form of To be provided by the applicant.
investment in shares of another corporation, a
certi ication by the Corporate Secretary of the investee
company that the shares are outstanding in the name
of the applicant corporation
Agencies
200
PAID
system client
Counter Of icer for
applicants, examines
if documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and 1 minute Securities Specialist II
informs and
returns to the
client. Go to Step
1
201
PAID

application
2.3. Examines whether 14 working days Securities Specialist II

the documents
submitted are
in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities
Counsel for
review
approved by the
Securities
Counsel,
forwards to EO
202
PAID
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3

report and the
documents submitted
order the
specialist
/counsel to
stamp ok for
payment.
Processor
informs client
203
PAID
that application
can be paid
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
4. Pays the iling fees 4. Receives and 1. Property 10 minutes ESPAYSEC
acknowledges payment Dividend – 1/5 (ONLINE)/LANDBANK
of 1% of the
amount declared
but not less than
PHP 1,000.00
2. Legal
Research Fee –
1% of the
amount
204
PAID
computed in item
1 but not less
than PHP 10.00
3.Documentary
Stamp tax – PHP
30.00
Handling fee –
P20.00
status

20 minutes
EO Frontline Staff
the application
205
PAID
6.3. Forwards the
approved application 30 minutes EO Frontline Staff
Counter Of icer

systems
TOTAL 1. Property 19 days, 2 hours
Dividend – 1/5 and 41 minutes
of 1% of the
amount
declared but
not less than
PHP 1,000.00
206
PAID
2. Legal
Research Fee –
1% of the
amount
computed in
item 1 but not
less than PHP
10.00
3.Documentary
Stamp tax –
PHP 30.00
Handling fee –
P20.00
207
20. Public Assistance & Complaint Desk
Of ice:
Pandemic:

None None

PAID RESPONSIBLE
1. Gets a number in the EO 1. Frontline Staff calls the None 1 minute EO Frontline Staff
queuing system and client’s number
proceeds to Public
208
PAID RESPONSIBLE
Assistance & Complaint
Desk
2. Presents concern/s, 2. Renders advice depending None 5-15 minutes EO Frontline Staff
query or complaint, or
2.1. On the nature of the
concern/query; or
Hands out the requested
complaint
checklist of
requirements,
forms
2.2. Refers to the

appropriate EO staff 5 minutes EO Frontline Staff
2.3. Endorses written

complaint to the Of ice 5 minutes Information Of icer
of the EO Director and Of ice of the EO
advises party to expect Director
feedback within ive (5)
working days
TOTAL 16 minutes
209
21. Public Assistance for Letters Received Over the Counter
This service details the procedure on letters received over the counter.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All registered domestic corporations
Customers through their Authorized Representatives.
Pandemic:

1) Request Letter (2 copies) for walk-in clients To be provided by client

the Records Section the system and assists the
client
email address and telephone attachments if there are any
or mobile number
210
2.1. Stamps “Received” the 3 minutes Administrative

Request Letter with date Assistant II
and time and signs
2.2. Returns to the client 1 1 day Administrative

copy of the SEC Assistant II
2.3. Validates the inquiry if

there is any available 3 minutes SEC Examiner
information
printout with ODRS
printout
211
2.4. Attaches Routing Sheet 1 hour Administrative
and forwards to the EO Assistant
Director/OIC for
assignment
2.5. Assigns the request to 5 minutes Administrative

the appropriate Assistant
personnel
2.6. Assigns the request to

the appropriate 3 minutes Securities Counsel I
personnel
EO Director
2.7. Checks the request, 3 minutes Administrative

corporate ile, iling of Assistant
reports and status of the
corporation and all
other information
necessary for the
request
2.8. Drafts the reply and

forwards to the EO
Director/OIC for 2 minutes Securities Counsel I
approval
212
2.9. Checks, reviews and
approves the draft EO Director/OIC
2.10. Finalizes and print the

reply letter
2.11. Signs the reply letter

3. Receives the reply letter via 3. Emails the reply letter to the None 5 minutes Email Handler
email client
3.1. Forwards the original Administrative

copy with the corporate Assistant
ile to Mailing or to Securities Counsel I
Records Section for
releasing depending on
the request of the client
TOTAL None 3 working
days
213
22. Public Assistance for Letters Received thru Mail
This service details the procedure on letters received thru mail.
Of ice:
.
Pandemic:


1. Mails the request letter 1. Receives the mail and None 3 minutes Guard-on-duty at the
records on the logbook Lobby
1.1. Forwards to the EO
214
Director for opening of
mail
1.2. Opens, checks the mail 5 minutes EO Director

and forwards with
instructions to Records
Section for the retrieval
of corporate iles and
for routing sheet

information
printout
1.3.1. Attaches Routing 3 minutes EO Director

Sheet and forwards
to the EO Director
for assignment
1.4. Assigns the request to 1 hour Administrative

the appropriate Assistant
personnel
215
1.5. Checks the request, 5 minutes Administrative

corporate ile, iling of Assistant
reports and status of the Securities Counsel I
corporation and all
other information
necessary for the
request
1.5.1. Drafts the reply

and forwards to the 3 minutes EO Director
EO Director for
approval
Administrative
1.6. Checks, reviews and 2 minutes Assistant
approves the draft Securities Counsel I

reply letter
1.8. Signs the reply letter EO Director

2. Receives the reply letter via 2. Emails the reply letter to None 5 minutes Email Handler
email client
2.1. If there is no email Administrative

address available, Assistant
216
contacts the client thru
telephone or mobile no. Securities Counsel I
of client to secure the
email address
2.2. Forwards the original

copy with the corporate
ile to Mailing
days
217
23. Public Assistance thru Electronic Mail
This service details the procedure for emails received.
Of ice:
.
Pandemic:

Email To be provided by client

1. Emails concerns including 1. Receives the email including None 1 minute Email Handler
attachments, if necessary at attachments
seccebu@secgov.ph
218
2. Receives an update on the 2. Evaluates the concerns if None 10 minutes Email Handler
requested service. referring to general inquiry
or basic documentary
requirements
2.1. If concerns require 3 minutes Email Handler

expertise of specialist
and/or lawyer or need
to check the corporate
records thru ile and
online, forwards the
email to Records Section
with an email advice to
the client that will give
feedback within 3
working days

there is any available Assistant
information
ile, and attach all
printout
219
2.2.1. Attach Routing 3 minutes EO Director

Sheet and forwards
to the EO Director
for assignment
2.3. Assigns the request to

1 hour Administrative
the appropriate
Assistant
personnel
2.4. Checks the request, 5 minutes Securities Specialist

corporate ile, iling of Securities Counsel I
reports and status of the
corporation and all
other information
necessary for the
request
2.5. Drafts the reply and 3 minutes EO Director

forwards to the EO
Director for approval
Administrative
2.6. Checks, reviews and Assistant
approves the draft Securities Specialist
220
reply letter
3. Receives the reply letter via 3. Emails the reply to the client None 5 minutes Email Handler
email
days
221
24. Quasi-Reorganization
This service details the procedure on application for Quasi-Reorganization
Of ice:
Pandemic:

1. Letter request to undergo quasi-reorganization To be provided by the Company.
restructuring signed by the Company’s Of icer
2. Certi ication under oath by the Corporate Secretary on To be provided by the Company.
the board resolution approving the
quasi-reorganization plan
3. Appraisal report of the ixed assets (real properties, Independent appraiser.
permanently installed ixed assets and machineries and
equipment directly needed and actually used in the
business), if appraisal increment is not yet re lected in
the audited inancial statements
222
5. Schedule showing the details of appraised properties To be provided by the Company
6. Analysis of the revaluation increment certi ied by the To be provided by the Company
company accountant
7. Projected Financial Statements for the next ive (5) To be provided by the Company
years certi ied by the Company Accountant
8. Certi ication by the President that the appraised To be provided by the Company
properties are directly needed and actually used in
business
Agencies

PAID
system client
Counter Of icer for
applicants, examines
223
PAID
if documents are
complete in form
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares a
checklist of
de iciencies and
informs and
returns to the
client. Go to Step
1

1 minute Securities Specialist II
application

14 working days Securities Specialist II
the documents
submitted are
224
PAID
in substance.
complete and in
order, the
specialist
prepares report
and submits it to
Securities
Counsel for
review
approved by the
Securities
Counsel,
forwards to EO
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
225
PAID
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3

report and the
EO Director/OIC
documents submitted
order the
specialist
/counsel to
stamp ok for
payment.
Processor
informs client
that application
can be paid
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
226
PAID
4. Pays the iling fees 4. Receives and 1. 10 minutes ESPAYSEC
acknowledges payment Quasi-Reorganiz (ONLINE)/LANDBANK
ation – PHP
5,080.00*
*Inclusive of
LRF of PHP
50.00 and Doc
Stamps of PHP
30.00
Handling Fee –
P20.00
227
PAID
status

the application
EO Frontline Staff
30 minutes
6.3. Forwards the
Counter Of icer

systems
228
PAID
TOTAL 1. 19 days, 2 hours
Quasi-Reorgani and 41 minutes
zation – PHP
5,080.00*
*Inclusive of
LRF of PHP
50.00 and Doc
Stamps of PHP
30.00
Handling Fee –
P20.00
229
General Information Sheet and Audited Financial Statements;
documents other than reports – i.e. correspondences, etc.)
Division & Department SEC Cebu City Extension Of ice (SEC - CEO) including Robinsons Galleria Satellite Of ice
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: General Public.
Customers
Pandemic:

If reports/reportorial requirements, bring 4 sets/copies.
Otherwise, no other requirements needed.
230
PAID
1. Client proceeds to the 1. Calls on the client’s number None 2 minutes EO Frontline Staff
receiving and releasing Administrative Assistant II
counter of the Cebu
Extension Of ice; gets
queue number and waits
to be called
2. Presents 4 sets/copies of 2. Encodes document, prints 3-5 minutes/doc -do-
documents (2 orig. and 2 barcode page, and attached
photocopy) barcode page to each copy
3. Claims 1 set for ile copy, 3. Retains 3 sets including 1 minute -do-
including the original and returns 1 set to
acknowledgement client
receipt (barcode page)
231
26. Reclassi ication / Declassi ication / Conversion of Shares
This service details the procedure on application for Reclassi ication / Declassi ication / Conversion of Shares.
Of ice:
Pandemic:

http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Shee
t_for_Amendment.pdf
erti icate.pdf
232
4. List of stockholders showing the names, nationalities To be prepared by the Company
and stockholdings before and after the reclassi ication
/declassi ication /conversion, as certi ied by the
corporate secretary
6. Secretary’s Certi icate re: treatment on resulting To be provided by the company
fractional shares
Agencies

PAID
system client
Counter Of icer for
documents are
complete in form
233
PAID
2.1.1. If complete,
assigns the
application to a
Securities
Specialist
2.1.2. If for
compliance,
prepares checklist
of de iciencies
and informs and
returns to client.
Go to Step 1
2.2. Advises the client Securities Specialist II

1 minute
application
14 working days
2.3. Examines whether the Securities Counsel I
documents submitted
and in substance.
complete and in
234
PAID
order, the
specialist
prepares report
and submits it to
Securities Counsel
for review
approved by the
Securities
Counsel, forwards
to EO
Director/OIC for
inal review
2.3.3. If the
application is for
compliance, the
specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 2.3
235
PAID
report and the
documents submitted
order the
specialist
/counsel to stamp
ok for payment.
Processor
informs client that
application can be
paid
2.4.2. If not
compliant, return
the application to
the specialist. Go
to Step 2.3.3
236
PAID
Incorporation –
PHP 2,050.00*
*Inclusive of
LRF of PHP
20.00 and Doc
Stamps of PHP
30.00
Handling fee –
P20.00
status

20 minutes
EO Frontline Staff
237
PAID
the application
6.3. Forwards the EO Frontline Staff

30 minutes
Counter Of icer

systems
Articles of and 41 minutes
Incorporation
– PHP
2,050.00*
238
PAID
*Inclusive of
LRF of PHP
20.00 and Doc
Stamps of PHP
30.00
Handling fee –
P20.00
239
27. Registration of Corporations through the ESPARC Onesec (One day
Submission and E-registration of Companies) (FOR STOCK
CORPORATION ONLY)
This service details the procedure on registration of stock corporations only in accordance with the provisions on the Revised
Corporation Code.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Natural and Juridical persons and
Customers their representatives.
Pandemic:
CHECKLIST OF REQUIREMENTS WHERE TO SECURE (apps004.sec.gov.ph)

1. Digital Certi icate Online application.
2. Proof of Payment
3. Approved Application Summary Visit: https://https://esparc.sec.gov.ph/application
4. Articles of Incorporation with Cover Sheet
5. Bylaws
240
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON(S)
RESPONSIBLE
1. Client visits N/A Corresponding iling N/A N/A
esparc.sec.gov.ph/applic fees
ation for online
registration and Computation: 1/5 of
payment of the fees 1% of the Authorized
through the payment Capital Stock + 20
portal Handling Fee + 1%
Legal Research Fee +
P1,030 By-Laws but
not less than
P3,000.00
2. Client submits the hard 2. Frontline Staff receives N/A 5 minutes Receiving Of icer
copies of his documents the hard copies from the (CEO Frontline
to the SEC Cebu client, generates the Staff)
Extension Of ice client’s certi icate and
submit received
documents to the name
veri ier.
2.1. Name veri ier 5 minutes

veri ies the name Name Veri ier from
and assigns the CEO
application to the
processor for
post-audit review.
241
2.2. Processors review 10 minutes
the hard copies of
the documents SEC Director/OIC
2.3. Note: In the event

that the name
and/or processor
identi ies any
de iciencies on the
approved
registration
application, the
client will receive a
notice to comply,
amend, correct or
modify the said
de iciencies within 90
days from the date of
the notice.
2.4. Registration
stamped received by CEO Frontline Staff
Receiving Section
personnel
3. Client claims certi icate 3. Releasing Section releases N/A 5 minutes Frontline Staff from
of registration certi icate to client the Releasing
Section
242
TOTAL Computation: 1/5 of 30 minutes
1% of the
Authorized Capital
Stock + 20 Handling
Fee + 1% Legal
Research Fee +
P1,030 By-Laws but
not less than
P3,000.00
243
28. Registration of Corporations through eSPARC Regular Processing
This service details the procedure on registration of One Person Corporation (OPC), Less than 5 incorporators and 5-15
incorporators and Partnership and Foreign Branch/Representative Of ice pursuant to the Revised Corporation Code (R.A. No.
11232)
Of ice:
Pandemic:

● Digital Certi icate Online application.
● Approved Application Summary Visit: https:esparc.sec.gov.ph/application
● Articles of Incorporation with Cover Sheet (for
corporations)
● By-laws (for corporations)
● Acceptance letter of nominee and alternate nominee
(for one person corporation)
● Articles of Partnership (for partnerships)
244
● Foreign Investments Act F-100 (for corporations
with more than 40% foreign equity) whose paid-up
capital is CASH
● Clearance from other government agencies
● Foreign Investments Act F-100 (for corporations
with more than 40% foreign equity) whose paid-up
capital is CASH or PEZA Endorsement if located
within the PEZA economic zones
● Clearance from other government agencies
For Partnerships as incorporators

⮚ Partners’ Af idavit duly notarized stating that
they have authorized the partnership to invest in
the corporation about to be formed and
designating one of the partners as the signatory
of the corporation.
For Domestic Corporation as incorporators

⮚ Board Resolution, Directors’/ Trustees’
Certi icate or Secretary’s Certi icate, indicating
the necessary approvals of the investment, as
well as the authorized signatory to the
incorporation documents, executed under oath
245
⮚ Latest General Information Sheet
For Foreign Corporation as incorporators

Certi icate or Secretary’s Certi icate, duly
authenticated by a Philippine Consulate or with
an Apostille af ixed thereto, authorizing the
foreign corporation to invest in the corporation
being formed and speci ically naming the
designated signatory on behalf of the foreign
corporation
⮚ Proof of Existence of the Foreign Corporation
such as Apostilled Certi icate of Registration or
For Foreign Corporation as subscribers

Certi icate or Secretary’s Certi icate, duly
authenticated by a Philippine Consulate or with
an Apostille af ixed thereto, authorizing the
foreign corporation to invest in the corporation
being formed
⮚ Proof of Existence of the Foreign Corporation
such as Apostilled Certi icate of Registration or
For Foreign Branch and Representative Of ice
246
➢ Cover Sheet
➢ Application Form
➢ F-103 for stock branch of ice
➢ F-104 for stock representative of ice
➢ F-108 for non-stock branch/representative
of ice including Foundations (NBO & NRO)
➢ Authenticated copy of Board Resolution

➢ Authorizing the establishment of the
Branch/Representative Of ice in the
Philippines
➢ Designating the Resident Agent to whom
summons and other legal processes may be
served in behalf of the foreign corporation;
and
➢ Stipulating that in the absence of such Agent
or upon cessation of its business in the
Philippines, any summons or legal processes
may be served to SEC as if the same is made
upon the corporation at its home of ice
➢ Authenticated/Apostilled copy of the Articles of
Incorporation/Partnership/Association with an
English translation thereof if in foreign language
other than English
➢ Financial Statements (FS)
➢ For those whose home country REQUIRES
Audited FS (AFS), the applicant shall submit
inancial statements compliant with the
following:
➢ For the immediately preceding year at the
247
time of iling of application, audited by an
independent Certi ied Public Accountant of
the home country *Authenticated before the
Philippine Consulate/Embassy
➢ If the date of the AFS exceeds the one-year
requirement, the applicant shall submit
➢ Authenticated AFS that are available as of
date of iling of the application; OR
➢ Authenticated Unaudited FS (AUFS) as of date
not exceeding one (1) year immediately prior
to the iling of the application signed by an
of icer of the foreign corporation
➢ For those whose home country does NOT REQUIRE
AFS, the applicant shall submit inancial statements:
➢ Authenticated Unaudited FS as of the date not
exceeding one (1) year immediately prior to
the iling of the application; and
➢ Authenticated Certi ication signed under oath
by an of icer of a responsible regulatory
institution or by the applicant’s legal counsel
that the applicant is not required to prepare
and submit AFS, with citation of the law for
veri ication purposes
Compliance with Financial Ratios

a. Stock Branch Of ice
Ratio Formula Benchmark
Value
Solvency Total assets/total 1:1
liabilities
Liquidity Current assets/current 1:1
248
liabilities
Debt to Total liabilities/equity 3:1
Equity
b. Stock Representative Of ice/Non-Stock
Branch Of ice/Non-Stock Representative
Of ice
Ratio Formula Benchmark
Value
Solvency Total assets/total 1:1
liabilities
➢ Notarized proof of Inward Remittance such as bank

certi icate of inward remittance or credit advances
(for stock branch/representative of ice)
➢ Af idavit of undertaking to change corporate name
(not required if already stated in the application
form)
➢ Resident Agent’s acceptance of appointment (not
required if Resident Agent is the signatory in the
Application Form)
➢ Endorsement/clearance from appropriate
government agencies
➢ Additional requirement for Non-Stock
Branch/Representative Of ice Foundation:
➢ Notarized Certi icate of Bank Deposit of the
amount not less than One Million Pesos
(P1,000,000.00)
➢ Statement of willingness to allow the
Commission to conduct an audit
249
PAID RESPONSIBLE
1. Creates application through 1. System receives the None None None
https://esparc.sec.gov.ph/applicat submitted
ion for online registration and application 1 ½ days Processors from CEO
name veri ication
2. Waits for the pre-processing of 2. Name veri ier None 2 working days CEO Name Veri ier
the submitted application veri ies the
proposed
corporate name
and assigns the
application to the
processor
None 4 working days, 7 CEO Processor

2.1. Processor
reviews all hours and 54
corporate minutes
information
submitted
2.2. If application
is found
non-compliant
and/or
incomplete, the
application is
Client uploads signed and returned to the
notarized registration client together
documents with the result
250
PAID RESPONSIBLE
from the name
veri ier
2.3.If application is
compliant,
processor prepares
Payment
Assessment Form
(PAF)
3. Client pays the assessment fee 3.1. For online None 5 minutes System-generated
attached in the email through payment, this link
Landbank or through ESPAYSEC is embedded in
the system:
https://espaysec.
sec.gov.ph/payme
nt-portal/home
3.2. Client downloads
and prints PAF
and proceeds to
pay
4. Generate and prints digital 4. System-generated 1 minute System-generated
certi icate after payment
4.1. To secure the original copy of

the Certi icate of
Incorporation, client must
submit four (4) original sets
251
PAID RESPONSIBLE
of the of the signed and
notarized documents together
with the digital certi icate and
proof of payment within sixty
(60) calendar days from the
issuance of the digital
certi icate
TOTAL For 7 working days
partnerships:
a) Articles of
Partnership:
1/5 of 1% of
the
Partnership’s
capital but not
less than
P2,000.00 plus
1% Legal
Research Fee
(LRF) of not
less than
P20.00.
b) Name
reservation:
P100.00 for
each
partnership
name and
252
PAID RESPONSIBLE
trade name, if
applicable;
c)
Documentary
Stamp –
P30.00
d) Application
under the
Foreign
Investments
Act (FIA) –
P3,000.00
For stock
corporation
based on the
authorized
capital stock:
With par value:

1/5 of 1% of
the authorized
capital stock
but not less
than P 2,000
or the
subscription
price of the
subscribed
capital stock
253
PAID RESPONSIBLE
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
P100 per share
but not less
than P 2,000
or the issue
value of the
subscribed
capital stock
whichever is
higher
By-Laws for
both stock and
non-stock
corporations: P
1,000
Articles of
Incorporation
for non-stock
corporation: P
1,000
Foreign
Investments
254
PAID RESPONSIBLE
Act (FIA) Form
100: P3,000.00
Company Name
Reservation:
P100.00
Each
additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1%
of the Filing
Fee but not
less than Ten
Pesos (P
10.00)
Handling fee of
P20.00
255
Of ice:
Pandemic:

SEC)
3) Proof of compliance of MC28 Series of 2020
4) Proof of compliance of MC25 Series of 2019 (Non-Stock)
256
TIME
1. Submits 1. Pre-evaluates required None 5 minutes EO Frontline Staff
completely documents; if complete, advises
illed-up “Request client to check their email or
for Monitoring” follow-up within 15 days
and the required
documents 1.1. Prints document index list 5 minutes EO Frontline Staff
(Records Section)
from Online Document
Retrieval System (ODRS) and
attach the same to the
corporate ile to be
forwarded to the
Administrative Assistant II
or EO Director for Guidelines on the
assignment. Imposition of ines
or penalties for
1.2. Assigns monitoring request noncompliance with 2 minutes Administrative Assistant
with attached documents to reportorial II/EO Director
the previous handler (for requirements;
updated monitoring); or to Memorandum
any MS for new monitoring Circular No. 8, series
of 2009 60 minutes Monitoring Specialist
1.3. Determines compliance,
(MC8-2009); on average (Administrative Assistants,
de iciencies and violations,
Amended rules per Administrative Of icer IV,
and prepares the Monitoring
governing the corporation or Securities Specialist I
Sheet (MSh)
distribution of and II)
excess pro its of
corporation;
257
TIME
1.4. Email client a copy of the Memorandum
MSh (Tentative or Final Circular No. 8, Series
w/penalty) of 1998
(MC8-1998); and
Of ice Order No.
298, Series of 2010
2. Returns on 2. Presents the indings in the MSh None 15 minutes Monitoring Specialist
assigned day, and to the applicant, including the
if is agreeable to ines, if any
the indings
presented, signs 2.1. If there are no EO Director/OIC
the MSh de iciencies,the MS prints the
MSh and clearance from
CIS-URDB, and forward the
MSh to the EO Director/OIC
for signature
2.2. Note: If applicable,

clari ication and further
compliance may be required
by the MS prior to the
release of the MSh (with the
approval of EO Director, a
clari icatory conference with
the parties may be called)
258
TIME
3. Pays the assessed 3. Issues 3 copies of Payment None 5 minutes Monitoring Specialist
ines Assessment Form
3.1. Note: 3.1 Receives Payment thru the 5 minutes ESPAYSEC

Applicants Online Cashiering System (ONLINE)/LANDBANK
who opt to
pay online
may access
espaysec for
instructions.
4. Presents proof of 4. Evaluates payment details and None 10 minutes Monitoring Specialist
payment , MS and issue clearance from CIS-URDB
validated PAF for
issuance of 4.1. For payment thru Landbank,
clearance from con irm with Treasury(FMD)
CIS-URDB
4.2. Evaluates and signs the MSh 5 minutes EO
4.1 For payment Director/Of icer-in-Charg
made thru e
Paymaya,present
electronic receipt
4.2 For payment
made thru
Landbank,
presents
259
TIME
photocopy of
On-Coll slip
5. Wait for the 5. Releases the MS None 2 minutes Frontline Service
release of signed Assistant (COS)
MSh 5.1. Encode MSh to ODRS 5 minutes
Submission Module Frontline Service
Assistant (Receiving)
TOTAL Guidelines on the 15 days, 1
Imposition of ines hour and 59
or penalties for minutes
noncompliance
with reportorial
requirements;
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
260
TIME
Of ice Order No.
298, Series of 2010
1. Pays the iling fees 1. Issues the Of icial Receipt For the amendment: 15 minutes ESPAYSEC
and penalty, if any a. Amended Articles (ONLINE)/LANDBANK
of Incorporation
– P1,000.00
b. LRF of P10.00
For the increase:
a. For corporation
with par value
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
b. For corporation
without par value
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
261
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
c. c. Legal Research
Fee -equivalent to
1% of the computed
iling fee for
Increase of Capital
Stock but not less
than P10.00
d. Documentary
Stamp tax of
P60.00
e. For Corporations
with FIA
Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of
P30.00
2. Proceeds to EO 2. Receives and veri ies proof of None 20 minutes Securities Specialist I
Counter for payment Securities Specialist II
presentation of
proof of payment
262
2.1. Receives the complete
application requirements
and issues Order of Payment
2.2. Prepares the report on

application for increase in 30 minutes
Securities Specialist I
capital and forwards all
application and amendment
documents and corporate
ile to Records Unit for
recording
2.3. Forwards recorded

corporate ile and
application documents to
5 minutes
2.4. Evaluates the inal report, Administrative Of icer II
reviews the application Con idential Assistant III
2.4.1. If complete, the

application is forwarded 1 hour Director/Of icer-in-Charg
to the Con idential (depending e
Assistant on the
complexity of
the
2.4.2. Otherwise, returned to
application)
processor for correction
2.4.3. Con idential Assistant
prepares the certi icates
263
2.4.4. Signs the certi icates

10 minutes
Director/Of icer-in-Charg
10 minutes e
3. Presents original 3. Releases signed Certi icate of None 10 minutes Administrative Assistant II
receipt to the Amended Articles of Con idential Assistant III
Releasing Unit on Incorporation, Certi icate of
assigned returned Increase of Capital Stock
date, signs in
logbook of
documents
released and
receives the signed
Certi icate of
Amended Articles
of Incorporation
264
and/or Increase of
Capital Stock
TOTAL For the 16 days, 5
amendment: hours
a. Amended
Articles of
Incorporation –
P1,000.00
b. LRF of P10.00
For the increase:
c. For corporation
with par value
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
d. For corporation
without par
value
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
265
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
e. Legal Research
Fee -equivalent
to 1% of the
computed iling
fee for Increase
of Capital Stock
but not less
than P10.00
f. Documentary
Stamp tax of
P60.00
g. For
Corporations
with FIA
Application -
Additional
P3,060,
inclusive of LRF
of P30.00 and
DST of P30.00
266
30. Request for Resource Person
This service details the procedure for requests for resource person.
Of ice:
.
Pandemic:

Email with attached letter request for resource person To be provided by client

1. Emails letter request for 1. Receives the email None 1 minute Email Handler
resource person at including attachments
seccebu@secgov.ph
2. Forwards letter request to None 1 hour Email Handler
Director
267
2. Assigns the request to 1 day Director

the appropriate
personnel
4. Receives the name and 4. Communicates with client the None 1 hour Email Handler
designation of resource person name and designation of and/or Personnel
and other details via email, call, resource person and other Assigned to be
or text details via email, call, or text Resource Person
TOTAL None 1 day, 2 hours

and 1 minute
STANDARD PROCEDURE FOR COMPLAINTS FOR ALL EXTERNAL SERVICES RENDERED BY THE CEBU EXTENSION OFFICE:

Feedback form Inside the of ice or via this link:
https://docs.google.com/forms/d/e/1FAIpQLSeMQuHXaZzu_YD2tz
1MDzv2HlR5DKVeqke9WmUhnmJhqn9cgA/viewform

1. Fills out feedback form and 1. Receives the feedback None 1 minute Feedback Form
writes in detail regarding form Handler
268
his/her complaint
2. Forwards complaint to None 1 hour Feedback Form

Director Handler
3. Requires personnel 1 hour Director

complained about to draft an
explanation letter
4. Drafts an explanation letter 1 day Personnel
Complained About
5. Reviews and signs 1 hour Director
explanation letter
6. Receives the explanation letter 6. Releases the explanation 1 hour Releasing Section
letter
TOTAL None 1 day, 4 hours
and 1 minute
269
SEC EXTENSION OFFICE - CAGAYAN de ORO CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
SEC Bldg. Corner 14th and

Tomasaco Del Lara Sts.
Cagayan de Oro City
Table of Contents
9. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and Audited Financial Statements;
documents other than reports – i.e. correspondences, etc.) 67
10. Registration of Regular Corporations through the Electronic Simpli ied Processing of Application for Registration of Company
(ESPARC) 69
11. Registration of Corporations with 2-4 Incorporators through the Electronic Simpli ied Processing
of Application for Registration of Company (ESPARC) 80
12. Registration of One Person Corporation (OPC) through the Electronic Simpli ied Processing of Application for Registration of
Company (ESPARC) 90
13. Recording of Partnerships through the Electronic Simpli ied Processing of Application for Registration of Company (ESPARC 100
1
Corporations.
Division & Department SEC Cagayan de Oro City Extension Of ice (SEC - CDOEO)
Of ice:
Classi ication: Complex (7days)
Pandemic
Basic Requirements (STOCK OR NON-STOCK

CORPORATIONS) May secure Checklist of requirements and sample formats from the
-5 sets and at least 2 copies are original Public Assistance and Complaint Desk at Table 1 or through the
Commission’s website at
1. Amended Articles of Incorporation/By-laws http://www.sec.gov.ph/services-2/company-2/amendment/
2
signed by majority of the directors or trustees and the
corporate secretary, certifying (i) the amendment of
the Articles of Incorporation and indicating the
and (iv) the tax identi ication number of the signatories
3. Notarized Secretary's Certi icate on no pending case of SEC Extension Of ice
4. Monitoring Clearance (Table 4)
Corporate Governance and Finance Department (CGFD)
-For Investment company, Financing and Lending
companies, issuers of proprietary or non-proprietary
-For Capital Market Institutions (i.e. Exchange, Broker,

Dealer, Investment House (1 original copy)

applicable (1 original copy) BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
GOVERNMENT AGENCIES

3

Pilipinas
If the provision to be amended is the corporate name, May secure copy from the Public Assistance and Complaint Desk
submit:

May secure copy from the Public Assistance and Complaint Desk
b. Af idavit of a director, trustees or of icer undertaking
to change corporate name.(Not required if already
stated in the Al)
If the provision to be amended is to further increase of may download through SEC Website at
foreign equity participation to more than 40%, submit: http://www.sec.gov.ph/forms-and-fees/primary-registration/
a.) F-101
May secure copy from the Public Assistance and Complaint
If the provision to be amended is to further increase of Desk or may download through SEC Website at
foreign equity participation to more than 40%, submit: http://www.sec.gov.ph/forms-and-fees/primary-registration/
a.) F-102
4
1. If corporate name is for 1. Approves or denies
amendment: proposed name/s or
trade name/s
1.1. Fills out Name 1.1. Approves or P100.00 per 10 minutes per Name Veri ication Of icer
Veri ication Forms denies appeal for proposed application
(Veri ies, reserves or the proposed corporate/trade
company name with or name/s or trade name/s
without trade name/s) name/s
15 minutes per
1.2. If name is rejected, application
for the proposed
corporate name
2. For pre-processing, 2. Veri ies completeness None 5-10 minutes per EO Frontline Staff
secures queuing number of amendment application Information Of icer III
from the EO queuing requirements
system and proceeds to EO
Processor for presentation 5-10 minutes per
of documentary application
complete:
requirements
incomplete:
2.3. Returns
documents to
5
clients for
compliance
3. Waits for the corporation’s 3. Advises the client None 1-3 working days per Supervising
name to be called by the when to follow up the application Administrative Of icer
assigned EO processor application (depending on the Securities Counsel I
complexity of the Securities Specialist I
3.1. Processes and documentary Securities Specialist II
evaluates requirements) EO Director/OIC
application for
amendment
3.2. If compliant,
issues Payment
Assessment Form
issues a checklist
for compliance
4. Prepares follow-up slip 4. Receives the None 30 minutes EO Frontline Staff
(form is available at the follow-up slip and
Guard) and submits to forwards it to the
Counter Of icer assigned SEC
specialist
5. Receives the Payment 5. Prepares and issues None 30 minutes Supervising
Assessment Form Payment Assessment Administrative Of icer
6
Form (PAF) to the Securities Specialist II
applicant Securities Specialist I
6. Pays the iling fee through 6. Once payment is Filing Fees: 30 minutes SEC Cashier
accredited online payment made through online Administrative Assistant II
channels or over the payment channels , an Amendment of
counter at any Landbank electronic of icial Articles of Inc. or
branch. receipt shall be By-laws : P1,040.00
generated in the (*+**+***)
Espaysec.
If Amendment of
By-laws: P2,080.00
(*+*+**+**+***+***
)
* Amendment of
Articles of
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
P30.00
7
***Legal Research
Fee-
1% of the Filing
Fee for amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
7. Waits for the issuance of 7. Prepares the None 20 minutes per Supervising
signed Certi icate Certi icate of application Administrative Of icer
Amended Articles of Securities Counsel I
Incorporation and/or Securities Specialist II
By-laws Securities Specialist I
7.1. Signs the 20 minutes per

EO Director/OIC
8
Amended Articles
of Incorporation
and/or By-laws
7.2. Encodes signed 10 minutes per Administrative Assistant II

Amended Articles
of Incorporation
and/or By-laws
8. Secures queuing number 8. Releases signed NONE 10 minutes per EO Frontline Staff
from the EO queuing Certi icate of application Information Of icer III
system and proceeds to EO Amended Articles of
Counter for presentation Incorporation and/or
of the original proof of By-laws
payment and receives the
Amended Articles of
By-laws
Amendment of
Articles of Inc. or
By-laws :
P1,040.00
(*+**+***)
9
If Amendment of
Articles of Inc.
and By-laws:
P2,080.00
(*+*+**+**+***+***
)
* Amendment of
Articles of
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
10
corporate/trade
names, with
additional
P100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
11
This service details the procedure in applying for an amendment to the Articles of Partnerships.
Of ice:
Pandemic:

May secure Checklist of requirements and sample formats from the
Basic Requirements (5 sets and at least 2 copies are Public Assistance and Complaint Desk, Of icer of the Day of the
original) Corporate and Partnership Registration Division or through the
1. Cover Sheet; and http://www.sec.gov.ph/services-2/company-2/amendment/
2. Amended Articles of Partnership Any of the partner
12
1. Endorsement from other government agencies, if B. Insurance/Mutual Bene it Association/ Health Maintenance
applicable Organization- Insurance Commission
(1 original) C. Money Changer and Remittance Services- Bangko Sentral ng
Pilipinas
If the provision to be amended is the partnership Name veri ication slip may be secured manually at Table 1;
name, submit:
a. Name Veri ication Slip (1 original) Assignee and Assignor Partners

(Not required If already stated in the AP) (2 originals;
3 photocopies)

partners, submit:

retirement and death of a partner. For change
of partner/s, out-going partner/s must execute
under oath allowing the remaining/new
partners to continue the use of partnership
name (2 originals; 3 photocopies) May secure copy from the Public Assistance and Complaint Desk or
If provision for amendment is to have foreign equity http://www.sec.gov.ph/forms-and-fees/primary-registration/
of a registered partnership, submit:
13
a.) F-106 May secure copy from the Public Assistance and Complaint Desk or
If provision for amendment is to further increase the http://www.sec.gov.ph/forms-and-fees/primary-registration/
a.) F-107
1. If partnership name is for 1. Approves or denies
amendment: proposed name/s or
trade name/s
1.1. Fills out Name 1.1. Approves or P100.00 per 10 minutes per Name Veri ication Of icer
Veri ication Form denies appeal for proposed application
(Veri ies, reserves or the proposed partnership/trade
company name with or name/s or trade name/s
without trade name/s) name/s

for the proposed
partnership name
14
2. For pre-processing, secures 2. Veri ies completeness None 5-10 minutes per EO Frontline Staff
queuing number from the of amendment application Information Of icer III
EO queuing system and requirements
wait number to be called
for presentment of 2.1. If documents are 5-10 minutes per
documentary requirements complete: application
2.1.1. Accepts
documents for
assignment to
EO processors

incomplete:
2.2.1. Returns
documents to
clients for
compliance
3. Waits for the partnership’s 3. Advises the client None 30 minutes to 2 Administrative Of icer II
name to be called by the when to follow up the working days per Securities Specialist I
assigned EO processor application application Securities Specialist II
(depending on the EO Director/OIC
3.1. Processes and complexity of the
evaluates documentary
application for requirements)
amendment
15
3.2. If complete and

compliant, issues
Payment
Assessment Form
issues a checklist
for compliance
4. Prepares follow-up slip 4. Receives the follow-up None 30 minutes EO Frontline Staff
(form is available at the slip and forwards it to
Guard) and submits to the assigned SEC
Counter Of icer specialist
5. Receives the Payment 5. Prepares and issues None 30 minutes Supervising
Assessment Form Payment Assessment Administrative Of icer
Form (PAF) to the Securities Counsel I
applicant Securities Specialist II
6. Pays the iling fee through 6. Once payment is made Filing Fees: 5 minutes SEC Cashier
accredited online payment an electronic of icial
channels or over the receipt is generated in Amendment of
counter at any Landbank the espaysec. Articles Partnership:
branch. P2,050.00 (*+**+***)
Partnership
**Documentary
Stamp Taxes - P30.00
16
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
P2,000.00 per Deed
******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
*******Amendment
by increasing foreign
equity FIA forms
17
(P3,000.00 with LRF
of P30.00)
7. Waits for the issuance of 7. Prepares the None 20 minutes per Administrative Assistant
signed Certi icate Certi icate of Amended application II
7.1. Signs the 20 minutes per

Certi icate of application EO Director/OIC
Amended Articles
of Partnership 10 minutes per
7.2. Encodes signed application II
Certi icate of
Amended Articles
of Partnership
8. Secures queuing number 8. Releases signed None 10 minutes per EO Frontline Staff
from the EO queuing Certi icate of Amended application Information Of icer III
system and proceeds to EO Articles of Partnership
Releasing Counter for
presentment of original
proof of payment and
receives signed Certi icate
of Amended Articles of
Partnership
18
Amendment of
Articles
Partnership:
P2,050.00 (*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
P2,000.00 per Deed
19
******Amendment of
Partnership with
1/5 of 1% of the
Partnership’s
than P2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of P30.00)
20
Ownership
This service details the procedure on request for issuance of Certi ication of Paid-up Capital, Capital Structure or
Percentage of Ownership.
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Partnerships and Corporations duly recorded and
Stakeholders/ Customers registered at Securities and Exchange Commission, respectively.
Pandemic

1. Duly accomplished request form Public Assistance and Complaint Desk/ EO Counter
Company (Names of stockholders, nationality, no. of shares
and amount subscribed, amount of paid-up capital)
3. Secretary’s Certi icate on non-existence of intra-corporate Downloadable at SEC website through the following URL:
dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Ce
21
payment/s to unpaid subscription/s or additional issuance of
infusion made after the iscal year or after the approval of
the increase in capital stock not covered by item 4, to be
received by the EO after the application has been reviewed
by the Securities Counsel I
6. Monitoring Clearance SEC-CDOEO
1. Secures a number from 1. Calls the number and None 3 minutes EO Frontline Staff/COS
2. Waits for the processing 2. Receives application Certi ication Fee – 2 minutes EO Frontline Staff
of request PHP 500
2.1. Receives the PAF and Documentary
pays via accredited Stamp Tax – PHP 2 minutes Administrative Assistant I/
2.1. Evaluate attachments Administrative Of icer IV
online channels or 30
over the counter at 2.2. Veri ies the status of
corporation through 5 minutes per
CIS-URDB. document
22
any landbank
branch. 2.2.1. If application
is cleared, a 5 minutes per
Payment document
Assessment
Form is issued
to the applicant
with instruction
to pay at the SEC
Cashier.
2.2.2. If not cleared

in Certi ication 5 minutes per
Issuance document
System-Uni ied
Reference
Database
(CIS-URDB),
instructs the
applicant to
return to the
department who
encoded the
infraction.
2.3. Receives the

machine validated Administrative Assistant I/
3 minutes Administrative Of icer IV
23
Payment Assessment
Form.
2.4. Prints the Certi icate 5 minutes

of No Derogatory
Information through
the CIS-URDB.
2.5. Reviews the 10 minutes EO Director

application and signs
Derogatory
Information.
3. Waits for name/number 3. Calls the number None 1 minute EO Frontline Staff
to be called
4. Receives the certi ication 4. Seals the Certi icate of None 5 minutes Administrative Assistant I/
No Derogatory Administrative Of icer IV
logo
4.1. Releases the

Certi icate of No
Derogatory
Information (CNDI)
to the applicant.
24
TOTAL PHP 530 1 working day
25
This service details the procedure for application for an increase of capital stock by way of Cash.
Of ice:
Pandemic:

or_Amendment.pdf
26
ti icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Cert
i icate.pdf
i. AUDITED FINANCIAL STATEMENTS as of the last iscal To be provided by the company
year stamped received by BIR and SEC.

a) listed companies; For guidance, refer to Memorandum Circular No. 6 series of 2008
b) public companies de ined in the Securities Regulation downloadable at SEC website through the following URL:
Code; http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06
c) companies that offer or sell securities to the public; s2008.pdf
than P50,000,000.00
otherwise,
27
stockholder/s, treasurer and president for the

certi ication
Act*** .F-100.pdf
Agencies
15. Monitoring Clearance SEC, Cagayan de Oro Extension of ice
16. Others
1. Secures a number through 1. Calls the number None EO Frontline Staff
the queuing system through the system 5-10 minutes per Information Of icer III
and assists the client application
28
2. Submits the requirements 2. Records the None EO Frontline Staff

to Table 1 application for
-pre-processing Securities Specialist II
Supervising Administrative
2.1 For irst time 19 working days Of icer
applicants, Assigns EO Director/OIC
the application to
an EO processor
2.1.1 If for compliance,

records the date
of submission
and forwards the
application to the
assigned EO
processor
2.1.2 Advises the client

when to follow
up the
application
2.2 Examines whether

the documents
submitted are
complete in form
and in substance.
29
complete and in
order, the
specialist
prepares Final
Report and
submits it to
Director for
Review
2.2.2 If the application

is for compliance,
the specialist
prepares a
checklist of
de iciencies and
informs and
returns it to the
applicant. Go to
Step 1
2.3 Reviews the inal

report
2.3.1 If compliant,
orders the
specialist to issue
Payment
Assessment
Form (PAF)
30
2.3.2 if not compliant,
returns the
application to the
specialist. Go to
Step 2.3.2
3. Prepares follow-up slip 3. Receives the None 30 minutes EO Frontline Staff
(form is available at the follow-up slip and
Guard) and submits to forwards it to the
Table 1 assigned inancial
specialist
4. Receives the Payment 4. Prepares and issues None 30 minutes Supervising Administrative
Assessment Form Payment Assessment Of icer
Form (PAF) to the
applicant Securities Specialist II
5. Pays the iling fee 5. Receives and 1. Amended Articles EO Cashier

through accredited acknowledges of Incorporation – Administrative Assistant II
online payment payment P1,010*
channels or over the
counter at any 5.1. Stamps paid the Plus
Landbank branch. document and
forward to the 2. Increase of
Receiving Of icer Capital Stock -
**For corporation
5.2. Stamps received with par value –
the documents 1/5 of 1% of the
and forward to increase in capital
the in-charge for stock but not less
the Certi icate than P3,000.00 or
Amended the subscription
31
Articles of price of the
Incorporation subscribed capital
and/or By-laws stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
1% of the computed
iling fee for
Increase of Capital
Stock but not less
than P10.00
4. Documentary
Stamp tax of P60.00
P10.00
32
***For Corporations
inclusive of LRF of
P30.00 and DST of
P30.00
5.3. Receives the None EO Receiving Unit
complete
application
requirements
5.4. Prepares 1 working day Securities Specialist II

Certi icate of (5.1, 5.2. 5.3, 5.4, 5.5,
Increase of & 5.6)
Capital Stock
and Amendment
of Articles of
Incorporation
5.5. Signs and

approves the
application EO Director/OIC
5.6. Forwards the

approved
application to Administrative Assistant II
the Releasing
Unit
33
6. Secures a number through 6. Calls the number None
the queuing system through the system 30 minutes Table 1
(Releasing) and assists the client
7. Presents the Of icial 7. Receives the Of icial None
Receipt to Table 1 Receipt 30 minutes Table 1
8. Receives the duly approved 8. Releases the duly None 30 minutes EO Frontline Staff
Certi icate of Increase of approved Certi icate
Capital Stock and Amended of Increase of
Articles of Incorporation Capital Stock and
Amended Articles of
Incorporation
TOTAL 1. Amended 20 working days, 2
Articles of hours, and 40
Incorporation – minutes
P1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
34
stock, whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling fee
for Increase of
Capital Stock but
not less than
P10.00
4. Documentary
Stamp tax of
P60.00
5. Handling Fee,
35
P20.
P10.00
***For
Corporations with
FIA Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
36

2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets
Division & Department SEC Cagayan de Oro City Extension Of ice

Of ice:
Pandemic:
37
BASIC REQUIREMENTS
or_Amendment.pdf
ti icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Cert
i icate.pdf
38
Act*** .F-100.pdf
Agencies

veri ication of the advances to be converted to equity, if
downloadable at SEC website through the following URL:
not re lected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06
s2008.pdf
12.4 Board Reso/Secretary Certi icate on the Authority of the To be provided by the Company
agent of the corporation.
13. Stock Dividends
13.1 List of stockholders entitled to stock dividend with To be provided by the Company
their respective outstanding shares and the allocation
of stock dividend certi ied by the corporate secretary
39
13.2 Audited Financial Statements as of the last iscal year To be provided by the Company
treatment of resulting fractional shares, if any, are true
and correct
13.5 Reconciliation of Retained Earnings CRMD Public Assistance or refer to Memorandum Circular No. 11
Series of 2008 downloadable at SEC website through the following
URL:
s2008.pdf

accountant
14.3 Latest zonal valuation certi ied by BIR, if transfer value To be provided by the Applicant.
40
than 6 month old)
certi ication on the outstanding loan balance and
his/her written consent to the transfer of property
owner of the land, submit the lease contract on the
land and consent of the land owner to the transfer
.14-s2013.pdf
15. Untitled Lands

declaration sheets
41
15.6 Duplicate original or certi ied true copies of any deed, To be provided by the Applicant.
Register of Deeds for the province of city where the
land is situated
untitled property
servient estate, by virtue of such easements
15.8 Under oath undertaking of the transferor/subscriber to To be provided by the Applicant.
answer for any liability that the corporation might
paid-up capital
Bureau of Lands
42
number and the basis of transfer value (market value/
assessed value / zonal value or appraised value)
15.13 Appraisal report by authorized appraiser, if transfer To be provided by the Applicant.
month old)
15.15 Af idavit of undertaking to submit certi ied true copy To be provided by the Applicant.
of the original certi icate of title in the name of the
transferee-corporation within one (1) year from the
date of receipt of the approval of the application

16.1 Detailed schedule of property showing the description To be provided by the Applicant.
and the basis of transfer value (market value or book
veri ication and valuation of property, if transfer value
is based on book value

company accountant
than 6 months old). If the property is imported, a
43
valuation report with description of the property) by
the Bangko Sentral Ng Pilipinas.
18. Shares of Stock

stockholder, stock certi icate number, no. of shares and
the basis of transfer value (market or book value)
18.2 Audited inancial statements of the investee company To be provided by the Applicant.
as of the last iscal year received by BIR and SEC
18.4 Certi ication by the Corporate Secretary of the investee To be provided by the Applicant.
company that the shares are outstanding in the name
of the assignor
18.5 Photocopy of the stock certi icate (present original for To be provided by the Applicant.
veri ication)
latest market price of the shares of stock (if listed in the
Stock Exchange)
18.7 Af idavit of undertaking to submit the required proof of To be provided by the Applicant.
transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of
.14-s2013.pdf
44
19. Motor Vehicles
registered owner, make/model, plate number, chassis
number, motor number, certi icate of registration
number and market value certi ied by the company
accountant
veri ication)
than 6 month old)

.14-s2013.pdf
19.6 Certi ication from the transferor stating that the motor To be provided by the Applicant.

20.1 Detailed schedule of vessel/aircraft showing registered To be provided by the Applicant.
Owner, registry number, technical description and
appraised value certi ied by the company accountant
than 6 month old)
45

.14-s2013.pdf
21. Intangibles
21.1 Photocopy of System Purchase Agreement or any proof To be provided by the Applicant
of ownership (for software)
claims/rights
21.3 Appraisal report by an accredited appraisal company To be provided by the Applicant
21.5 Af idavit of undertaking by an of icer of the company To be provided by the Applicant.
to submit proof of transfer of ownership within the For guidance, please refer to Memorandum Circular No. 14 series of
.14-s2013.pdf
22. Net Assets
22.1 Audited inancial statements (AFS) of the applicant To be provided by the Applicant
corporation as of the last iscal year received by BIR
and SEC
46
22.2 Audited inancial statements of single proprietorship / To be provided by the Applicant
partnership / division of corporation (for spin-off) as
of last iscal year
22.5 List of creditors with the amount due to each creditor To be provided by the Applicant
as of date of the AFS certi ied by the auditor or
certi ied under oath by the company accountant and
written consent of creditors
22.7 Photocopy of the certi icate of registration of the motor To be provided by the Applicant
vehicles (present original for veri ication)
22.8 Copy of TCT/CCT and tax declaration sheets certi ied To be provided by the Applicant
by the Register of Deeds and Assessor’s Of ice,
respectively
22.9 Photocopy of stock certi icates (present original for To be provided by the Applicant
veri ication)
proprietorship)
.14-s2013.pdf
47
1. Secures a 1. Calls the number None 5-10 minutes per EO Frontline Staff
number through through the system application Information Of icer III
system
2. Submits the 2. Records the None EO Frontline Staff
requirements to application for Supervising Administrative Of icer
Table 1 -pre-processing Securities Specialist II
19 working days EO Director/OIC
2.1. For irst time
applicants,
Assigns the
application to an
EO processor
2.1.1. If for
compliance,
records the
date of
submission
and
forwards the
application
to the
assigned EO
processor
48
when to follow
up the
application
2.3. Examines
whether the
documents
submitted are
complete in form
and in substance.
2.3.1. If
application is
complete
and in order,
the specialist
prepares
Final Report
and submits
it to Director
for Review
2.3.2. If the
application is
for
compliance,
the specialist
49
prepares a
checklist of
de iciencies
and informs
and returns
it to the
applicant. Go
to Step 1

report
2.4.1. If
compliant,
orders the
specialist to
issue
Payment
Assessment
Form (PAF)
2.4.2. If not
compliant,
return the
application
to the
50
specialist. Go
to Step 2.3.2
3. Prepares 3. Receives the None EO Frontline Staff
follow-up slip follow-up slip and 30 minutes
(form is forwards it to the
available at the assigned inancial
Guard) and specialist
submits to Table
1
4. Receives the 4. Prepares and issues None 30 minutes Supervising Administrative Of icer
Payment Payment Assessment Securities Specialist II
Assessment Form (PAF) to the
Form applicant
5. Pays the iling fee 5. Receives and 1. Amended EO Cashier
through accredited acknowledges Articles of Administrative Assistant II
online payment payment Incorporation –
channels or over 5.1 Stamps paid the P1,010*
the counter at any document and
Landbank branch. forward to the Plus
Receiving Of icer
2. Increase of
5.2 Stamps received Capital Stock -
the documents **For corporation
and forward to with par value –
the in-charge for 1/5 of 1% of the
the Certi icate increase in capital 1 working day
51
Amended Articles stock but not less (5.1, 5.2, 5.3, 5.4, 5.5, &
of Incorporation than P3,000.00 or 5.6)
and/or By-laws the subscription
price of the EO Receiving Unit
5.3 Receives the subscribed capital
complete stock, whichever
application is higher
Supervising Administrative Of icer
requirements
**For corporation
5.4 Prepares without par value
Certi icate of –
Increase of 1/5 of 1% of the
Capital Stock and increase in capital
Amendment of stock computed at Securities Specialist II
Articles of P100.00 per share
Incorporation but not less than
P3,000.00 or the
5.5 Signs and issue value of the
approves the subscribed capital
application stock, whichever
is higher
5.6 Forwards the EO Director/OIC
approved 3. LRF -equivalent
application to the to 1% of the
Releasing Unit computed iling Administrative Assistant II
fee for Increase of
Capital Stock but
52
not less than
P10.00
4. Documentary
Stamp tax of
P60.00
*Inclusive of LRF
of P10.00
***For
Corporations with
FIA Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
6. Secures a 6. Calls the number None 30 minutes Table 1
system
(Releasing)
7. Presents the 7. Receives the Of icial None 30 minutes EO Counter
Of icial Receipt Receipt
to the Counter
Of icer
53
approved approved application
application
TOTAL 1. Amended 20 working days, 2
Articles of hours, & 40 minutes
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -
**For
corporation with
par value –
1/5 of 1% of the
increase in
capital stock but
not less than
P3,000.00 or the
subscription
price of the
subscribed
capital stock,
whichever is
higher
54
**For
corporation
without par
value –
1/5 of 1% of the
increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or the
issue value of the
subscribed
capital stock,
whichever is
higher
3. LRF
-equivalent to
1% of the
computed iling
fee for Increase
of Capital Stock
but not less
than P10.00
55
4. Documentary
Stamp tax of
P60.00
5. Handling fee
of P20.
*Inclusive of LRF
of P10.00
***For
Corporations
with FIA
Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of
P30.00
56
Of ice:
Who may avail: Target SEC Clients/ Others, please specify:All Registered Partnerships, Domestic Corporations,
Stakeholders/ Customers and Licensed Foreign Corporations.
Pandemic:


* Lending SEC EO
* Foundation SEC EO
57
For Partnerships, attach the Articles of Partnership or latest Corporate Secretary or at www.secexpress.ph
2. Secures a number from 3. Calls the number and None 3 minutes EO Frontline Staff/COS
4. Waits for the processing 4. Receives application Certi ication Fee – 2 minutes EO Frontline Staff
of request PHP 500
4.1. Receives the PAF and Documentary
pays to the S. Stamp Tax – PHP 2 minutes Administrative Assistant I/
4.1. Evaluate attachments Administrative Of icer IV
30
4.2. Veri ies the status of 5 minutes per
corporation through document
CIS-URDB.
4.2.1. If application 5 minutes per

is cleared, a document
Payment
Assessment
Form is issued
to the applicant
with instruction
to pay at the SEC
Cashier. 5 minutes per
document
4.2.2. If not cleared
in Certi ication 3 minutes
58
Issuance
System-Uni ied
Reference
Database
(CIS-URDB),
instructs the
applicant to
return to the
department who
encoded the
infraction.
4.3. Receives the

machine validated Administrative Assistant I/
Payment Assessment 5 minutes Administrative Of icer IV
Form.
4.4. Prints the Certi icate

of No Derogatory
Information through 10 minutes
the CIS-URDB.
4.5. Reviews the

application and signs EO Director
Derogatory
Information.
59
5. Waits for name/number 17. Calls the number None 1 minute EO Frontline Staff
to be called
18. Receives the certi ication 19. Seals the Certi icate of None 5 minutes Administrative Assistant I/
No Derogatory Administrative Of icer IV
logo
19.1. Releases the

Certi icate of No
Derogatory
Information (CNDI)
to the applicant.
TOTAL PHP 530 47 minutes
60
Commission.
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Government Agencies.
Customers
Pandemic:

Signed Letter Request (1 original, 1 Requesting Government Agency
photocopy)
1. Submits the letter to the 1. Receives the letter None 3 minutes EO Frontline Staff
Of ice of the Director request
through the EO Counter
61
1.1. Assigns and
forwards to
concerned EO staff
2. Waits to process the 2. Prepares the requested None 5 minutes per EPO Frontline Staff
request documents and forwards document COS
to the Administrative Con idential Assistant III
Assistant II
2.1. *If plain copy, prints PHP 10.00 per 10 minutes per
the documents page document

copy, prints and
stamps the
documents
2.3. Prepares the letter

reply and/or Con idential Assistant III
Payment Assessment 10 minutes Administrative Of icer IV
Form (PAF) and
forwards the same
together with the
documents to the
Administrative
Of icer IV
62
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government
Service
Insurance
System (GSIS)
and other
pro it-making EO Director
agencies, issues
the PAF
2.4. For non-pro it 5 minutes

making agencies, do
not issue a PAF
2.5. Signs the letter

and/or documents
and forwards to the
Administrative
Assistant II
63
3. Receives the transmittal 3. Transmits the signed None 5 minutes per EO Frontline
letter with attached letter reply with attached agency Staff/COS/Con idential
document/s documents Assistant
III/Administrative Of icer
3.1. If the requesting IV
party is nearby SEC
Extension Of ice,
personally call the
requestor to receive
the document/s

party is outside
Metro Manila,
transmits by
courier/express

letter reply with
attached PAF
through
courier/express
TOTAL P10.00 per page 1 working day
64
applicable.
Of ice:
Pandemic

None None
1. Gets a number from the 1. Calls the number and None 1 minute EO Frontline Staff
guard on duty and assists the client COS
65
2. Presents concern/s, 2. Renders advice None 30 minutes EO Frontline Staff
query or complaint depending COS
complaint 2.1. On the nature of the
concern/query; or 5 minutes
2.2. Hands out the

requested checklist 5 minutes
of requirements,
forms;
2.3. Refers to the 5 minutes

appropriate EO staff
2.4. Endorses written

complaint to the
expect feedback
within ive (5)
working days
66
General Information Sheet and Audited Financial Statements; documents
other than reports – i.e. correspondences, etc.)
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: General Public.
Customers
Pandemic:

If reports/reportorial requirements, bring 5
sets/copies. Otherwise, no other requirements
needed.
Option 1 – Walk-in submission of reports/reportorial requirements
67
1. Client gets a number, 1. Calls on the client's None 2 minutes EO Frontline
proceeds to the EO number Staff/COS/Con idential
Counter and waits to be Assistant III
called
3 minutes/doc EO Frontline
Staff/COS/Con idential
1.1. Presents 5 1.1. Encodes document, Assistant III
sets/copies of prints barcode page,
documents and attached
barcode page to
each copy
2. Claims 1 set for his ile 2. Retains 4 sets including 1 minute EO Frontline
copy, including the original and returns 1 set Staff/COS/Con idential
acknowledgement to client Assistant III
receipt (barcode page)
68
10. Registration of Regular Corporations through the Electronic Simpli ied
This service details the procedure on registration of domestic corporations consisting of 5 incorporators pursuant to Section
10 of the Revised Corporation Code (RCC) through the Electronic Simpli ied Processing Of Application for Registration of
Company (ESPARC).
Division & Department SEC Cagayan City Extension Of ice (SEC - CDOEO)
Of ice:
Pandemic:

1. Cover Sheet
2. Articles of Incorporation (for stock and
non-stock corporations) https://secwebapps.sec.gov.ph/application
3. Treasurer’s Af idavit (for Lending and
Financing Corporation)
69
4. By-Laws (for stock and non-stock ● Computation of iling fee:
corporations) www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-
new2.pdf

2. For Foundations, notarized Bank Certi icate
of at least P1M and Notarized Statement of
Willingness to be Audited
3. Endorsement from concerned agencies

order in the checklist in 2 originals and 1 photocopy

1. Applicant proceed to online link: 1. None Applicant/registrant
(https://esparc.sec.gov.ph/application)
2. Veri ies, reserves proposed company 2. System performs None Applicant/registrant

name with or without trade name/s initial validation of
70
proposed company
name subject to Final
validation by SEC name
veri ier.
Reservation of
proposed company
day if the proposed
name is not submitted
for veri ication
3. Starts illing out company details and 3. SECCDO name None 1 day Applicant/registrant
submit forms on-line veri ier evaluates the
name in accordance
with Memorandum
Circular No. 13 series
of 2019.
3.1 name veri ier
assigns application to
designated SECCDO
processors
4.SECCDO Processors 1 day
Process the submitted Administrative
application online in Of icer II
accordance with the Securities Counsel 1
Revised Corporation Securities Specialist
Code, Guidelines on II
Corporate names, Securities Specialist I
Foreign Investments
71
Act, Anti-Dummy Law
and other special laws
and applicable SEC
rules and regulations
4.1.1 If compliant, the For stock

processor approves corporation
the application and a based on the
system generated authorized
Payment Assessment capital stock:
Form (PAF) together With par value:
with the approved 1/5 of 1% of
system generated the authorized
Articles and By-laws capital stock but
will be emailed to the not less than P
applicant. 2,000 or the
subscription
Required iling fees price of the
based on Memo subscribed
Circular No. 3, series of capital stock
2017 whichever is
higher
4.1.2 If non-compliant, Without par
the application will be value: 1/5 of
rejected and returned 1% of the
to the applicant with authorized
remarks of the noted capital stock
de iciencies to be computed at
corrected by the P100 per share
72
applicant. Upon but not less
compliance of the than P 2,000 or
de iciencies applicant the issue value
may resend application of the
for another evaluation. subscribed
capital stock
whichever is
higher
By-Laws for
both stock and
non-stock
corporations: P
1,000
Articles of
Incorporation
for non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form
100: P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
73
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1%
of the Filing Fee
but not less
than Ten Pesos
(P 10.00)
Handling fee
P20.00
4. Applicants generate approved Articles
and By-laws and have it signed and
notarized or authenticated.
5. Client submits 2 original and 1 5. Documents are None 15 minutes Administrative
photocopy of the signed and notarized checked by the Of icer II
or duly authenticated documents and processor for Securities Counsel 1
secures a number from table 1 for completeness of Securities Specialist
queuing and waits for the number to be signatures, II
called. notarization, dates and Securities Specialist I
subjected to inal
review before Cashier
endorsed to the
cashier for payment.
10 minutes
6. Once payment is Administrative
made the electronic Assistant II
74
6. Client pays corresponding iling fees via of icial receipt is
accredited online channels or over the generated in the 10 minutes
counter at any landbank branch. Espaysec and of icially
receives and stamps
the hard copies of the
registration application
and forwards to Administrative
SECCDOEO Assistant II
Administrative
Assistant II/ for 15 minutes
generation of the
Certi icate of
Registration (COR) EO Director/ OIC
6.1 process the

company’s certi icate in 10 minutes
the CORES and prints
Certi icate for
signature by EO
Director
6.2 Makes inal review

and evaluates the
application with
6.3.1 If compliant,
signing of the
75
Certi icate of
Registration (COR)
documents were
returned to the
processor, then to the
party/client
7. Presents original receipt to the 7. Enters company None 10 minutes EO Frontline Staff
Releasing Unit on assigned returned date, name in the Masterlist Information Of icer
signs in logbook of documents released and releases the III
and receives the signed Certi icate of Certi icate together
Registration with registration
application then
stamps release the
of icial receipt
TOTAL For stock 1 to 3 working

corporation days
based on the
authorized
capital stock:
With par
value: 1/5 of
1% of the
authorized
capital stock
but not less
76
than P 2,000
or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
P100 per share
but not less
than P 2,000
or the issue
value of the
subscribed
capital stock
whichever is
higher
By-Laws for
both stock and
non-stock
corporations:
P 1,000
77
Articles of
Incorporation
for non-stock
corporation: P
1,000
Foreign
Investments
Act (FIA)
Form 100:
P3,000.00
Company
Name
Reservation:
P100.00
Each
additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1%
of the Filing
Fee but not
less
than Ten Pesos
(P 10.00)
78
Handling fee
P20.00
79
11. Registration of Corporations with 2-4 Incorporators through the
Electronic Simpli ied Processing of Application for Registration of
Company (ESPARC)
This service details the procedure on registration of domestic corporations consisting of 2-4 incorporators pursuant to
Section 10 of the Revised Corporation Code (RCC) through the Electronic Simpli ied Processing Of Application for Registration
of Company (ESPARC).
Of ice:
Pandemic:

1. Cover Sheet
2. Articles of Incorporation (for stock and
non-stock corporations) https://secwebapps.sec.gov.ph/application
3. Treasurer’s Af idavit (for Lending and
Financing Corporation)
80
4. By-Laws (for stock and non-stock
corporations) ● Computation of iling fee:
www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-ne
w2.pdf

2. For Foundations, notarized Bank Certi icate
of at least P1M and Notarized Statement of
Willingness to be Audited


TIME RESPONSIBLE
1. Applicant proceed to online link: 1. None Applicant/registrant
(https://esparc.sec.gov.ph/application)
81
TIME RESPONSIBLE
2. Veri ies, reserves proposed 2. System performs None Applicant/registrant
company name with or without trade initial validation of
name/s proposed company
veri ier.
Reservation of
proposed company
day if the proposed
for veri ication
3. Starts illing out company details 3. SECCDO name None 1 day Applicant/registrant
and submit forms on-line veri ier evaluates the
name in accordance
with Memorandum
of 2019.
3.1 name veri ier
designated SECCDO
processors
4.SECCDO Processors 1 day
Process the submitted Administrative
application online in Of icer II
accordance with the Securities Counsel 1
Revised Corporation Securities Specialist II
Code, Guidelines on Securities Specialist I
82
TIME RESPONSIBLE
Corporate names,
Foreign Investments
Act, Anti-Dummy Law
and applicable SEC

processor approves corporation based
the application and a on the authorized
system generated capital stock:
Payment Assessment With par value: 1/5
Form (PAF) together of 1% of the
with the approved authorized capital
system generated stock but not less
Articles and By-laws than P 2,000 or the
will be emailed to the subscription price of
applicant. the subscribed
capital stock
Required iling fees whichever is higher
based on Memo Without par value:
Circular No. 3, series of 1/5 of 1% of the
2017 authorized capital
stock computed at
4.1.2 If non-compliant, P100 per share but
the application will be not less than P 2,000
rejected and returned or the issue value of
to the applicant with the subscribed
remarks of the noted
83
TIME RESPONSIBLE
de iciencies to be capital stock
corrected by the whichever is higher
applicant. Upon By-Laws for both
compliance of the stock and non-stock
de iciencies applicant corporations: P
may resend application 1,000
for another evaluation. Articles of
Incorporation for
non-stock
corporation: P 1,000
Foreign Investments
Act (FIA) Form 100:
P3,000.00
Company Name
Reservation: P100.00
Each additional trade
name/s: P100.00
Documentary Stamp
Tax: P30.00
Legal Research Fee
(LRF): 1% of the
Filing Fee but not
less
than Ten Pesos (P
10.00)
Handling fee P20.00
84
TIME RESPONSIBLE
4. Applicants generate approved
Articles and By-laws and have it signed
and notarized or authenticated.
photocopy of the signed and notarized or checked by the Of icer II
duly authenticated documents and processor for Securities Counsel 1
secures a number from table 1 for completeness of Securities Specialist II
queuing and waits for the number to be signatures, Securities Specialist I
called. notarization, dates and
subjected to inal Cashier
review before
endorsed to the
cashier for payment.
10 minutes
6. Client pays corresponding iling
fees via accredited online channels or 6. Once payment is
over the counter at any landbank branch. made an electronic Administrative
of icial receipt is Assistant II
generated in the 10 minutes
Espaysec and stamps
the hard copies of the Administrative
registration application Assistant II
and forwards to
SECCDOEO
Administrative
Assistant II/ for EO Director/ OIC
generation of the 15 minutes
Certi icate of
Registration (COR)
85
TIME RESPONSIBLE
6.1 process the

company’s certi icate in 10 minutes
Certi icate for
signature by EO
Director

and evaluates the
application with
6.3.1 If compliant,
signing of the
Certi icate of
Registration (COR)
documents were
returned to the
party/client
7. Presents original receipt to the 7. Enters company None 10 minutes EO Frontline Staff
Releasing Unit on assigned returned date, name in the Masterlist Information Of icer
signs in logbook of documents released and releases the III
and receives the signed Certi icate of Certi icate together
Registration with registration
application then
86
TIME RESPONSIBLE
stamps release the
of icial receipt

corporation based days
on the authorized
capital stock:
With par value: 1/5
of 1% of the
authorized capital
stock but not less
than P 2,000 or the
subscription price
of the subscribed
capital stock
whichever is higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share but
not less than P
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
87
TIME RESPONSIBLE
By-Laws for both
stock and
non-stock
corporations: P
1,000
Articles of
Incorporation for
non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax: P30.00
Legal Research Fee
(LRF): 1% of the
Filing Fee but not
less
than Ten Pesos (P
10.00)
88
TIME RESPONSIBLE
Handling fee P20.00
89
12. Registration of One Person Corporation (OPC) through the Electronic
Simpli ied Processing of Application for Registration of Company
(ESPARC)
This service details the procedure on registration of One Person Corporations pursuant to Section 10 and Title XIII chapter III
of the Revised Corporation Code (RCC) through the Electronic Simpli ied Processing Of Application for Registration of
Company (ESPARC).
Of ice:
Pandemic:

1. Cover Sheet
2. Articles of Incorporation
3. Acceptance letter of Nominee and Alternate Nominee https://secwebapps.sec.gov.ph/application
90
i. Foreign Investments Act Form 100 (for stock
corporations with more than 40% foreign equity) ● Computation of iling fee:
whose paid-up capital is CASH www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-ne
ii. Endorsement from concerned agencies if applicable w2.pdf
*Please be informed to arrange in accordance with the order

in the checklist in 2 originals and 1 photocopy

PAID RESPONSIBLE
1. Applicant proceed to online 1. None Applicant/registrant
link:
(https://esparc.sec.gov.ph/
application)
2. Veri ies, reserves proposed 2. System performs initial None Applicant/registrant

company name with or validation of proposed
without trade name/s company name subject to
Final validation by SEC
name veri ier.
Reservation of proposed
company name expires
on the 4th day if the
91
PAID RESPONSIBLE
proposed name is not
submitted for veri ication
3. Starts illing out company 3. SECCDO name veri ier None 1 day Applicant/registrant
details and submit forms evaluates the name in
on-line accordance with
Memorandum Circular
No. 13 series of 2019.
3.1 name veri ier assigns
application to designated
SECCDO processors
4.SECCDO Processors 1 day Administrative Of icer II
Process the submitted Securities Counsel 1
application online in Securities Specialist II
accordance with the Securities Specialist I
Revised Corporation
Code, Guidelines on
Corporate names,
Foreign Investments Act,
Anti-Dummy Law and
other special laws and
applicable SEC rules and
regulations

processor approves the corporation
application and a system based on the
generated Payment authorized
Assessment Form (PAF) capital stock:
together with the
92
PAID RESPONSIBLE
approved system With par value:
generated Articles and 1/5 of 1% of the
By-laws will be emailed to authorized
the applicant. capital stock but
not less than P
Required iling fees based 2,000 or the
on Memo Circular No. 3, subscription
series of 2017 price of the
subscribed
4.1.2 If non-compliant, capital stock
the application will be whichever is
rejected and returned to higher
the applicant with Without par
remarks of the noted value: 1/5 of 1%
de iciencies to be of the authorized
corrected by the capital stock
applicant. Upon computed at
compliance of the P100 per share
de iciencies applicant but not less than
may resend application P 2,000 or the
for another evaluation. issue value of the
subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
93
PAID RESPONSIBLE
corporations: P
1,000
Articles of
Incorporation for
non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less
than Ten Pesos
(P 10.00)
94
PAID RESPONSIBLE
Handling fee
P20.00
4. Applicant generates
approved Articles of
Incorporation and
Acceptance Letter of
Nominee and Alternate
Nominee and have it signed
and notarized or
authenticated.
5. Client submits 2 original 5. Documents are None 15 minutes Administrative Of icer II
and 1 photocopy of the checked by the processor Securities Counsel 1
signed and notarized or for completeness of Securities Specialist II
duly authenticated signatures, notarization, Securities Specialist I
documents and secures a dates and subjected to
number from table 1 for inal review before Cashier
endorsed to the cashier
queuing and waits for the
for payment.
number to be called.
6. Once payment is made
an electronic of icial 10 minutes
receipt is generated in Administrative
6. Client pays corresponding the Espaysec and Assistant II
of icially receives and
iling fees online via
stamps the hard copies of 10 minutes
accredited online channels
the registration Administrative
application and forwards Assistant II
95
PAID RESPONSIBLE
or over the counter at any to SECCDOEO
landbank branch. Administrative Assitant
II/ for generation of the
Certi icate of Registration
(COR) EO Director/ OIC
6.1 process the

15 minutes
company’s certi icate in
Certi icate for signature
by EO Director
6.2 Makes inal review 10 minutes

and evaluates the
application with
6.3.1 If compliant, signing

of the Certi icate of
Registration (COR)
documents were
returned to the
party/client
7. Presents original receipt to 7. Enters company name None 10 minutes EO Frontline Staff
the Releasing Unit on assigned in the Masterlist and Information Of icer III
returned date, signs in logbook releases the Certi icate
96
PAID RESPONSIBLE
of documents released and together with registration
receives the signed Certi icate of application then stamps
Registration release the of icial receipt

corporation days
based on the
authorized
capital stock:
With par value:
1/5 of 1% of the
authorized
capital stock but
not less than P
2,000 or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of 1%
of the authorized
capital stock
computed at
P100 per share
but not less than
97
PAID RESPONSIBLE
P 2,000 or the
issue value of the
subscribed
capital stock
whichever is
higher
By-Laws for both
stock and
non-stock
corporations: P
1,000
Articles of
Incorporation for
non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
98
PAID RESPONSIBLE
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less
than Ten Pesos
(P 10.00)
Handling fee
P20.00
99
13. Recording of Partnerships through the Electronic Simpli ied Processing
of Application for Registration of Company (ESPARC)
This service details the procedure for the issuance of the Certi icate of Recording of partnerships after the submission of the
application through the Electronic Simpli ied Processing Of Application for Registration of Company (ESPARC).
Of ice:
Who may avail: Target SEC Clients/ Stakeholders/ Others, please specify: All Natural and Juridical persons and their
Customers representatives.
Pandemic:

1. Cover Sheet
https://secwebapps.sec.gov.ph/application
2. Articles of Partnership
1. Foreign Investments Act Form 105
100
2. Endorsement from concerned agencies ● Computation of iling fee:
www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new
2.pdf

1. Applicant proceed to online link: 1. None Applicant/registra
(https://esparc.sec.gov.ph/applicatio nt
n)
2. Veri ies, reserves proposed 2. System performs None Applicant/registra

company name with or without initial validation of nt
trade name/s proposed company
veri ier.
Reservation of
proposed company
day if the proposed
for veri ication
101
3. Starts illing out company details and 3. SECCDO name None 1 day Applicant/registra
submit forms on-line veri ier evaluates the nt
name in accordance
with Memorandum
of 2019.
3.1 name veri ier
designated SECCDO
processors
4.SECCDO Processors 1 day Administrative
Process the submitted Of icer II
application online in Securities Counsel
accordance with the 1
Revised Corporation Securities Specialist
Code, Guidelines on II
Corporate names, Securities Specialist
Foreign Investments I
Act, Anti-Dummy Law
and applicable SEC

processor approves the corporation
application and a based on the
system generated authorized
Payment Assessment capital stock:
Form (PAF) together
102
with the approved With par value:
system generated 1/5 of 1% of
Articles and By-laws the authorized
will be emailed to the capital stock but
applicant. not less than P
2,000 or the
Required iling fees subscription
based on Memo price of the
Circular No. 3, series of subscribed
2017 capital stock
whichever is
4.1.2 If non-compliant, higher
the application will be Without par
rejected and returned value: 1/5 of
to the applicant with 1% of the
remarks of the noted authorized
de iciencies to be capital stock
corrected by the computed at
applicant. Upon P100 per share
compliance of the but not less
de iciencies applicant than P 2,000 or
may resend application the issue value
for another evaluation. of the
subscribed
capital stock
whichever is
higher
By-Laws for
both stock and
103
non-stock
corporations: P
1,000
Articles of
Incorporation
for non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form
100: P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1%
of the Filing Fee
but not less
than Ten Pesos
(P 10.00)
104
Handling fee
P20.00
4. Applicants generate approved
Articles of Partnership and have it
signed and notarized.
photocopy of the signed and checked by the Of icer II
notarized documents and secures a processor for Securities Counsel
number from table 1 for queuing completeness of 1
and waits for the number to be signatures, Securities Specialist
called. notarization, dates and II
subjected to inal Securities Specialist
review before I
endorsed to the cashier
for payment.
6. Once paid an 10 minutes Cashier

6. Client pays corresponding iling fees
via accredited online channels or electronic of icial
receipt is generated in
over the counter at any landbank
the Espaysec and
branch.
of icially receives and 10 minutes
stamps the hard copies Administrative
of the registration Assistant II
application and
forwards to SECCDOEO
Administrative
Assistant II/ for
105
generation of the
Certi icate of 15 minutes Administrative
Registration (COR) Assistant II
6.1 process the

company’s certi icate in
the CORES and prints EO Director/ OIC
10 minutes
Certi icate for signature
by EO Director

and evaluates the
application with
6.3.1 If compliant,
signing of the
Certi icate of
Registration (COR)
documents were
returned to the
party/client
7. Presents original receipt to the Releasing Unit 7. Enters company None 10 minutes EO Frontline Staff
on assigned returned date, signs in logbook of name in the Masterlist Information Of icer
documents released and receives the signed and releases the III
Certi icate of Registration Certi icate together
106
with registration
application then stamps
release the of icial
receipt
corporation days
based on the
authorized
capital stock:
With par value:
1/5 of 1% of
the authorized
capital stock but
not less than P
2,000 or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
P100 per share
but not less
107
than P 2,000 or
the issue value
of the
subscribed
capital stock
whichever is
higher
By-Laws for
both stock and
non-stock
corporations: P
1,000
Articles of
Incorporation
for non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form
100: P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
108
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1%
of the Filing Fee
but not less
than Ten Pesos
(P 10.00)
Handling fee
P20.00
109
Of ice:
Pandemic:

SEC)
110
Public Assistance and Complaint Desk/EO Counter
(P5,000,000)

TIME
1. Submits completely 1. Pre-evaluates required None 10 minutes EO Frontline Staff/COS
Monitoring" and the
complete, the same
are returned
together with the
checklist of the
requirements;
111
TIME

is accepted and
assigned to
monitoring staff the
proposed name/s
1.3. Determines Guidelines on the 1 to 3 working Administrative Assistant I

compliance, Imposition of ines days Administrative Of icer IV
de iciencies and or penalties for
violations, and noncompliance
prepares the with reportorial
Monitoring requirements;
Assessment Sheet Memorandum
(MSh) Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess pro its of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
112
TIME
Of ice Order No.
298, Series of
2010
2. Returns on assigned 2. Presents the indings to None 15 minutes – 1 day Administrative Assistant I
day, and if is agreeable the applicant Administrative Of icer IV
to the indings EO Director/OIC
presented, signs the MS 2.1. If there are no
prepared by the
with computation of
the EO
harge for signing
3. Pays the assessed ines 3. Once paid an electronic None 5 minutes Cashier
and penalties via of icial receipt is
accredited online generated in the
channels or over the espaysec.
counter at any
landbank branch
113
TIME
TOTAL Depends on 3 working days
assessed ines &
penalties
114
SEC EXTENSION OFFICE – DAVAO CITY
CITIZEN’S CHARTER
2023, 2nd EDITION
SDC BUILDING, PUROK 13, MAA ROAD,

BARANGAY MAA, DAVAO CITY
Table of Contents
2. Application for Correction of Articles of Incorporation 11
3. Application for Lifting of Order of Revocation/Suspension 16
4. Application for Ordinary Amendment of Domestic Corporations 22
5. Certi ication of Paid-up Capital/Capital Structure/Percentage of Ownership 30
6. Increase of Capital Stock by Way of Cash 36
8. Issuance of Certi icate of No Derogatory Information 66
9. Issuance of Certi ication as to Status of a Registered Corporation 71
10. Issuance of Negative Certi ication 74
12. Issuance of Plain/Authenticated Copies of Documents for Other Government Of ices 83
13. Public Assistance 86
14. Manual Receiving of Document/s other than reports 89
15. Receiving of Reports Through SEC eFast 90
16.Registration under the Electronic Simpli ied Processing of Application for Registration of Company (ESPARC) 92
17. Registration under the One day Submission and E-registration o f Companies (OneSEC) 105
18. Regular Monitoring Ordinary Corporations 111
1
19. Action on complaint for the Violation of the Right to Inspect/Reproduce Corporate Books and Records 118
20. Action on Dissolution of Corporations under Section 134 of the Revised Corporation Code 125
21. Application of Domestic Corporations under Section 136 of the Revised Corporation Code
where the proposed expiration of the corporate term is less than one year from approval by SEC 132
22. Application for Petition for Revival of Expired Corporations 139
2
Division & Department/Of ice: SEC Davao City Extension Of ice (SEC-DEO)
Type of Transaction: ☐ Government to Citizen (G2C)
☒ Government to Business (G2B)
Type of Service: External Service
Who may avail: Target SEC Others, please specify: All registered partnerships
Clients/Stakeholders/Customers through their Authorized Representatives
Guidelines During Pandemic: NO

Basic Requirements (2 set original, 4 sets photocopies)
1. Cover Sheet
2. Signed and notarized Amended Articles of Partnership Items 1 and 2 to be accomplished by applicant
with documentary stamps on one original set
applicable (1 original)
2. If the provision to be amended is the partnership name,
submit:
2.1. Letter of Intent to amend indicating desired new name
(1 original)
Pilipinas
2.2. Af idavit of Undertaking to change partnership name
(not required if already stated in the AP)
Items 1-5, when applicable, will be furnished by the applicant
3
3. If the provision to be amended is the change of partners,
submit:
3.1. Notarized Deed of Assignment of partnership interest
with documentary stamps on one original set or
documents showing withdrawal, resignation,
retirement and death of a partner
4. If provision for amendment is to have foreign equity of a
registered partnership, submit: F-106 signed and May download through SEC Website at
notarized with documentary stamps on one original set http://www.sec.gov.ph/forms-and-fees/primary-registration/
5. If provision for amendment is to further increase the
foreign equity of a registered partnership, submit: F-107
signed and notarized on one original set
1. Requests for amendment of 1. Receives accomplished None 45 minutes Administrative Of icer II
partnership at the Records request form and Administrative Assistant II
Unit checks compliance with Administrative Assistant I
MC28
1.1. If request is made thru
1.1 If no submission of
email, ills up request
MC28, advises client of
form forwarded by
lacking requirement.
Records Unit, returns the
accomplished request 1.2 If with MC28
form thru email which submission, receives
may already include amendment documents
scanned copy of signed and informs party that
and Processor will inform
notarized/authenticated through email or call of
Articles of Partnership outcome of review of
documents.
4
1.2. If request is made 1.3. Retrieves
personally, secures partnership records, and
number from the endorses partnership
Records Unit for the records, amendment
retrieval of partnership documents and/or
records and endorses applicant to the
partnership documents Securities Counsel.
2. Client receives information of 2. Processes and evaluates None 1 day Securities Counsel II
the outcome of the all sets of application for (depending on the Securities Counsel I
evaluation. amendment complexity of the
documentary
2.1 If compliant, issues requirements)
Payment Assessment
Form and informs client
of its availability
through phone or email
with advice to pay
assessed fees at
Landbank or thru
Espaysec
2.2 If non-compliant,
compliance and informs
clients of de iciencies
either thru phone or
thru email.
5
3. Pays the registration fee as a. Amended Articles
indicated in the Payment of Partnership –
Assessment Form to any of P2,000.00
the payment gateways ( b. Documentary
LandBank or SEC payment Stamp Tax - P30.00
portal through c. Legal Research
https://espaysec.sec.gov.ph/ Fee- 1% of the
Filing Fee for
amendment
(P20.00)
d. Amendment with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
e. Amendment with
Deed of
Assignment of
P2,000.00 per Deed
f. Amendment of
Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
than P2,000.00
6
g. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with
LRF of P30.00)
h. Handling Fee –
P20.00
4. Proceeds to EO Receiving 4. Receives and veri ies None 10 minutes for all Computer Operator
Counter for presentation of documentary requirements sets
approved documentary and proofs of payment
requirements with proof of
payment
5. Returns documents stamped 5. Checks documents are None 5 minutes Securities Counsel II
as received to processor all stamped received Securities Counsel I
and informs applicant to
follow- up availability of
the Certi icate of
Amendment by providing
number of the Releasing
Unit
5.1 Forwards
3 minutes
partnership ile and
application documents
to Records Unit for
recording
5.2 Forwards recorded 3 minutes Administrative Assistant II
partnership ile and Administrative Assistant I
to Of ice of the Director
7
5.3 Prepares the
Certi icate of Amended Within 6 hours Con idential Assistant III
Articles of Partnership from receipt of ile
and
5.4 Reviews the documents
application and the
contents of the
Certi icate and if in Within 8 hours Director
order, signs the from receipt
Certi icate; otherwise, (depending on the
the application is complexity of the
returned to processor documentary
or the certi icate to the requirements)
Con idential Assistant
for correction of the
certi icate
5.5 Forwards signed 5 minutes Con idential Assistant III

Certi icate and
partnership ile to
Releasing Unit
6. Presents original receipt to 6. Presents logbook of None 5 minutes Administrative Assistant II
the Releasing Unit on released certi icates and Administrative Assistant I
assigned time, signs in certi icate copy of SEC for
logbook of documents signature of claimant and
released and on SEC copy of subsequently releases
certi icate and receives the signed Certi icate of
Amended Partnership Partnership
8
TOTAL a. Amended Articles 1 Day, 15 Hours,
of Partnership – 16 Minutes
P2,000.00
b. Documentary
Stamp Tax -
P30.00
c. Legal Research
Fee- 1% of the
Filing Fee for
amendment
(P20.00)
d. Amendment with
partnership/trad
e names, with
additional
P100.00 per
reserved
corporate/trade
name/s
e. Amendment with
Deed of
Assignment of
– P2,000.00 per
Deed
f. Amendment of
Partnership with
Increase in
Capital – 1/5 of
1% of the
9
Partnership’s
Capital but not
less than
P2,000.00
g. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with
LRF of P30.00)
h. Handling Fee –
P20.00
10
2. Application for Correction of Articles of Incorporation
This service details the procedure on the action taken on Petitions iled for the correction of minor errors in the Articles of
Incorporation of a corporation.
Division & Department/Of ice Davao City Extension Of ice

Classi ication Complex (7 days)
Type of Service External Service
Who may avail Target SEC Others, please specify: Registered Corporations whose
Clients/Stakeholders/Customers Articles of Incorporation are discovered to have minor
errors
Guidelines During Pandemic NO

Basic Requirements (2 sets original, 4 sets photocopy)
1. Veri ied Petition Items 1-6 are to be provided by the applicant corporation
2. Certi icate of Non-Forum Shopping
3. Notarized Director’s/Trustee’s Certi icate signed by a
majority of the Board
4. Secretary’s Certi icate of No-Intra Corporate Dispute
5. Corrected Articles of Incorporation
6. Any proof of operation to show support of correction
sought SEC
7. Current/Latest Monitoring Clearance
11
1. Requests for correction of 1. Receives accomplished None 45 minutes Administrative Of icer II
Articles of Incorporation at request form and Administrative Assistant II
the Records Unit checks compliance Administrative Assistant I
with MC28
1.1 If request is made thru
form forwarded by
Records Unit, returns the
accomplished request 1.2 If with MC28
form thru email which submission, receives
may include scanned petition documents,
copy of signed and retrieves corporate
notarized/authenticated records, and endorses
Petition and its corporate records,
supporting documents petition documents
1.2 If request is made and/or applicant to the
personally, secures Securities Counsel.
number from the
Records Unit for the 1.3 Informs party that
retrieval of corporate Processor will inform
records and endorses through email or call of
Petition documents outcome of review of
documents.
2. Client receives information, 2. Processes and evaluates None 3 days Securities Counsel II
personally or thru email, of all sets of petition (depending on the Securities Counsel I
the outcome of the documents complexity of the
evaluation. documentary
2.1 If compliant, issues requirements)
PAF to client personally
12
or forwards the PAF to
the client’s email with
advice to pay required
fees LandBank or thru
Espaysec
clients of de iciencies
either thru phone or
thru email.
3. Pays the registration fee as a. Petition Fee -
indicated in the Payment P3,000.00
Assessment Form to any of b. Legal Research
the payment gateways Fee - 1% of the Filing
(LandBank or SEC payment Fee for amendment
portal through (but not lower than
https://espaysec.sec.gov.ph/ P10.00)
c. Handling Fee –
P20.00
Counter for presentation of documentary requirements sets
approved documentary and proofs of payment
requirements with proof of
payment
as received to processor all stamped received and Securities Counsel I
informs applicant to
13
follow up availability of
the Order and/or
Certi icate by
providing number of the
Releasing Unit
5.1 Forwards corporate 3 minutes

ile and application
documents to Of ice of
the Director
5.2 Reviews the petition 3 days Director

and its supporting
documents and if in
order, issues Order
granting the Petition;
otherwise, the
application is returned
to the processor for
compliance or further
review
5.3 Prepares the Within 6 hours from Con idential Assistant III
Certi icate of Corrected issuance of Order in Director
Articles of agency step 5.2
Incorporation and
forwards to Director
for signature on the
Certi icate
14
5.4 Forwards signed 5 minutes Con idential Assistant III
Order and/or
Certi icate and
corporate ile to
Releasing Unit
assigned returned date, signs certi icate copy of SEC
in logbook of documents for signature of claimant
released and on SEC copy of and subsequently
certi icate and receives the releases signed Order
signed Order and/or and/or Certi icate
Certi icate
TOTAL a. Petition Fee - 6 days, 7 hours, 18
P3,000.00 minutes
b. Legal Research
Fee - 1% of the
Filing Fee for
amendment (but
not lower than
P10.00)
c. Handling Fee –
P20.00
15
3. Application for Lifting of Order of Revocation/Suspension
This service details the procedure on the action taken on Petitions iled for the lifting of the order of revocation/suspension
provided the corporation’s terms has not yet expired.

Classi ication Highly Technical (20 days)
Who may avail Target SEC Others, please specify: Registered Corporations whose
Clients/Stakeholders/Customers Certi icates of Incorporation have been revoked or
suspended and whose terms have not yet expired.

Basic Requirements: (2 sets original, 4 sets photocopy)
1. Veri ied Petition to Lift Order of Revocation/Suspension Items 1-9 are to be provided by the applicant corporation
2. Notarized Director’s/Trustee’s Certi icate signed by a
majority of the Board
3. Secretary’s Certi icate of No-Intra Corporate Dispute
4. Sworn Certi ication by External Auditor
5. Copy of Registration of Stock and Transfer or Membership
Book
6. Latest Mayor’s or Business Permit
7. BIR Certi icate of Registration
8. Any proof of operation to show that corporation is an
ongoing concern or that it has not ceased operation even
during period of revocation or suspension up to the preset
16
9. Certi ication from Corporate Secretary that the
corporation’s latest FS and ITR were received by the SEC
and BIR respectively
10. Clearance from EIPD, OGC and SEC Database SEC
11. Current/Latest Monitoring Clearance SEC
1. Requests for lifting for 1. Receives accomplished None 45 minutes Administrative Of icer II
revocation or suspension request form and Administrative Assistant II
order at the Records Unit checks compliance Administrative Assistant I
with MC28
form forwarded by
Records Unit, returns
the accomplished 1.2 If with MC28
request form thru submission, receives
email which may petition documents,
include scanned copy retrieves corporate
of signed and records, and endorses
notarized/authenticate corporate records,
d Petition and its petition documents
supporting documents and/or applicant to the
Securities Counsel.
1.2 If request is made
personally, secures 1.3 Informs party that
number from the Processor will inform
Records Unit for the through email or call of
retrieval of corporate outcome of review of
documents.
17
records and endorses
petition documents
2. Client receives information, 2. Evaluates all sets of the None 7 days Securities Counsel II
personally or thru email, of petition and its (depending on the Securities Counsel I
the outcome of the supporting documents complexity of the
evaluation as to completeness documentary
requirements)
Payment Assessment
Form and informs
client of its availability
through phone or
email with advice to
pay assessed fees to
LandBank or thru
Espaysec
compliance and
informs clients of
de iciencies either thru
phone or thru email.
2.3 Issues
Memorandum to OGC
and EIPD requesting
for clearance for the
corporation
18
3. Pays the registration fee as a. Petition Fee -
the payment gateways Fee - 1% of the Filing
(LandBank or SEC payment Fee for amendment
portal through (but not lower than
https://espaysec.sec.gov.ph/ P10.00)
c. Handling Fee –
P20.00
4. Proceeds to EO Receiving 4. Receives and veri ies None 15 minutes for all sets Computer Operator
Counter for presentation of documentary
approved documentary requirements and
requirements with proof of proofs of payment
payment
as received to processor all stamped received and Securities Counsel I
informs applicant to
follow up availability of
the Order issued by
Supervising Commissioner
5.1 Drafts Order. 3 days
5.2 Forwards corporate 3 minutes

ile, petition documents
an draft Order to Of ice
of Director for review
19
5.3 Reviews petition and 3 days Director
its supporting
documents, and reviews
the Draft Order and if in
order, issues
Memorandum endorsing
the petition to the EO
Supervising
Commissioner;
otherwise, the
to processor for
correction and/or
reviewand
5.4 Emails and mails 15 minutes Director

through courier Con idential Assistant III
Memorandum
recommending grant of
Petition and its
to Of ice of the
Supervising
Commissioner
5.5 Upon receipt of 10 minutes Director

signed Order, endorses
the same to processor
for mailing to parties
concerned
20
6. Receives signed Order 6. Processor informs client None 10 minutes Securities Counsel II
as to Order thru Securities Counsel I
emailing or mailing copy
of signed Order
TOTAL a. Petition Fee - 13 days, 1 hour, 43

P3,000.00 minutes
b. Legal Research
Fee - 1% of the (period does not include
Filing Fee for approval me by
Supervising Commissioner)
amendment (but
not lower than
P10.00)
c. Handling Fee –
P20.00
21
4. Application for Ordinary Amendment of Domestic Corporations
(including Application for Dissolution of Domestic Corporations under Section 136
of the Revised Corporation Code where the proposed expiration of the corporate term
is one year or more than one year from approval by SEC)
This service details the procedure in applying for ordinary or simple amendment of the Articles of Incorporation and/or
By-laws of Domestic Corporations. This service likewise applies to applications for dissolution of a domestic corporation
under Section 136 of the Revised Corporation Code where the proposed expiration of the corporate term is one year or more
than one year from approval by SEC of the application, taking into consideration the guidelines set forth in SEC Memorandum
Circular No. 5, Series of 2022.

Classi ication Complex (7 days)
Who may avail Target SEC Others, please specify: All registered domestic
Clients/Stakeholders/Customers corporations through their Authorized Representatives

Basic Requirements (2 sets original, 4 sets photocopy) May secure sample formats from the Public Assistance Desk or
through the Commission’s website at
1. Cover Sheet https://www.sec.gov.ph/forms-and-fees/primary-registration/
2. Amended Articles of Incorporation/Amended By-laws/New
By-Laws Items 1-4 to be accomplished by applicant-corporation
3. Directors` or Trustees` Certi icate - notarized and signed by
majority of the directors or trustees and the corporate
22
secretary, certifying (i) the amendment and indicating the For dissolution, documents to be prepared and/or provided by
amended provisions, (ii) the vote of the directors or trustees the Corporation (refer to MC No. 5, series of 2022 for the
and stockholders or members, (iii) the date and place of the contents)
stockholders` or members` meeting; and (iv) the tax
identi ication number of the signatories which shall be placed
below their names
(For Dissolution) Directors’ or Trustees’ Certi icate attesting

that: i. the dissolution by shortening of corporate term was
approved by majority of the board of directors/trustees and
rati ied by at least 2/3 vote of the stockholders representing
the outstanding capital stock including the holders of
non-voting shares/members of the corporation; ii. date and
place of the stockholders’ or members’ meeting; and iii. the
tax identi ication number of the signatories which shall be
4. Signed and notarized Secretary`s Certi icate of no pending case

of intra-corporate dispute
5. Current/Latest Monitoring Clearance (Monitoring Sheet)
Extension Of ice
Additional Requirements (depending on amendment and
industry)
1. Clearance from other SEC departments, if applicable - For

Financing and Lending companies, and foundation (1 original
copy) Corporate Governance and Finance Department (CGFD)
2. Endorsement from other government agencies, if applicable
(1 original copy) Items 2-5 will be furnished by applicant-corporation
23
3. If the provision to be amended is the corporate name, submit A. Bank, Pawnshop and other Financial Intermediaries with
a Letter of Intent to amend name indicating desired new name Quasi-Banking Functions including Money Changers and
(1 original) Remittance Services - Bangko Sentral ng Pilipinas
4. If the provision to be amended is for registered corporations B. Insurance/Mutual Bene it Association/ Health Maintenance
increasing its foreign equity to more than 40%, submit: F-101 Organization- Insurance Commission
signed and notarized C. Educational Institutions (for amendment to by-laws) – DepEd,
5. If the provision to be amended is for registered corporations Ched, TESDA
with more than 40% increasing further the percentage of
such equity, submit: F-102 signed and notarized
1. Requests for amendment of 1. Receives accomplished None 45 minutes Administrative Of icer II
Articles of Incorporation request form and Administrative Assistant II
and/or By-Laws at the checks compliance with Administrative Assistant I
Records Unit MC28
form forwarded by
Records Unit, returns 1.2 If with MC28
the accomplished submission, receives
request form thru email amendment documents,
which may include retrieves corporate
scanned copy of signed records, and endorses
and corporate records,
notarized/authenticated amendment documents
amendment documents and/or applicant to the
Securities Counsel.
personally, secures
24
number from the 1.3 Informs party that
Records Unit for the Processor will inform
retrieval of corporate through email or call of
records and endorses outcome of review of
amendment documents documents.
2. Client receives information, 2. Processes and evaluates None 3 days Securities Counsel II
personally or thru email, of all sets of application for (depending on the Securities Counsel I
the outcome of the evaluation. amendment complexity of the
documentary
2.1. If compliant, issues requirements)
PAF to client
personally or
forwards the PAF to
the client’s email
with advice to pay
required fees to
LandBank or thru
Espaysec
compliance and
informs clients of
de iciencies either
personally or thru
email.
3. Pays the registration fee as a. Amendment of
indicated in the Payment Articles of
Assessment Form to any of Incorporation –
the payment gateways P1,000.00
25
(LandBank or SEC payment b. Amendment of
portal through By-Laws/New
https://espaysec.sec.gov.ph/ By-Laws –
P1,000.00
c. Documentary
Stamp Tax - P30.00
d. Legal Research Fee
- 1% of the Filing
Fee for
amendment
(P10.00)
e. Amendment with
corporate name:
P100.00
f. Each additional
trade name:
P100.00
g. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with
LRF of P30.00)
h. Handling Fee:
P20.00
Counter for presentation of documentary sets
approved documentary requirements and
requirements with proof of proofs of payment
payment
26
5. Returns documents stamped 5. Checks documents are all None 5 minutes Securities Counsel II
as received to processor stamped received and Securities Counsel I
informs applicant to follow
up availability of the
Certi icate by providing
number of the Releasing
Unit
5.1. Forwards corporate 3 minutes

ile and application
documents to
Records Unit for
recording
5.2. Forwards recorded 3 minutes Administrative Assistant II

corporate ile and Administrative Assistant I
application
documents to Of ice
of the Director
5.3. Prepares the Within 6 hours Con idential Assistant III

Certi icate of from receipt of
Amended Articles of corporate ile and
Incorporation amendment
and/or By-laws documents
5.4. Reviews the within 2 days from

application and the receipt (depending Director
contents of the on the complexity of
Certi icate and if in
27
order, signs the the documentary
Certi icate of requirements)
Amended Articles of
Incorporation
and/or By-laws;
otherwise, the
application is
returned to
processor or the
certi icate to the
Con idential
Assistant for
correction of the
certi icate
5.5. Forwards signed

Certi icate and 5 minutes Con idential Assistant III
corporate ile to
Releasing Unit
the Releasing Unit on released certi icates and
assigned returned date, signs certi icate copy of SEC
in logbook of documents for signature of claimant
released and on SEC copy of and subsequently
certi icate and receives the releases signed
signed Certi icate of Amended Certi icate of Amended
Articles of Incorporation Articles of Incorporation
and/or By-laws and/or By-laws
28
TOTAL a. Amendment of 5 days, 7 hours, 21
Articles of minutes
Incorporation –
P1,000.00
b. Amendment of
By-Laws/New
By-Laws –
P1,000.00
c. Documentary
Stamp Taxes -
P30.00
d. Legal Research
Fee - 1% of the
Filing Fee for
amendment
(P10.00)
e. Amendment with
corporate name:
P100.00
f. Each additional
trade name:
P100.00
g. Amendment by
increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
h. Handling Fee –
P20.00
29
5. Certi ication of Paid-up Capital/Capital Structure/Percentage of
Ownership
of Ownership.
Type of Transaction: ☐Government to Citizen (G2C)
Who may avail: Target SEC Others, please specify: All Partnerships and Corporations
Clients/Stakeholders/Customers duly recorded and registered at Securities and Exchange
Commission, respectively.

Basic Requirements
1. List of stockholders certi ied under oath by the Corporate Items 1 and 2 will be furnished by the applicant
Company (Names of stockholders, nationality, no. of shares
and amount subscribed, amount of paid-up capital) with
2. Signed and notarized Secretary’s Certi icate on
non-existence of intra-corporate dispute with documentary
30
3. Current/Latest Monitoring Clearance (Monitoring Sheet) SEC
approval of the increase in capital stock not covered by
item 4, to be received by the SEC after the application has
been reviewed by the Specialist (1 original set)
2. For Certi icate of Percentage of Ownership - Stock and To be presented by the applicant
transfer book of the corporation (for veri ication)
1. Requests certi ication from 1. Receives accomplished None 45 minutes Administrative Of icer II
the Records Unit request form and checks Administrative Assistant II
compliance with MC28 Administrative Assistant I
form forwarded by
request form thru email submission, retrieves the
which may include corporate records and
scanned copy of checks the reports
required documents submitted:
1.2 If request is made 1.2.1 If reports are

personally, secures not current or there
is no monitoring
31
number from the clearance as of latest
Records Unit for reports, advises
presentation of request client personally or
thru email to submit
lacking reports irst
and undergo regular
monitoring of
domestic
corporations
including information
on other required
documents if not yet
presented
1.2.2 For
corporations with
updated monitoring
clearance and there
is no need for
submission of
Interim Audited FS, If
compliant, issues PAF
to client personally
or forwards the PAF
to the client’s email
with advice to pay
required fees at
Landbank or thru
Espaysec (Client step
4)
32
2. In case wherein the basis for 2. Receives reports None No manual Computer Operator
certi ication is Audited submission of
Interim Financial Statements, reports. Currently
proceeds to submit the all online
Interim Audited Financial submissions of
Statements online reports are received
by head of ice.
Processor waits for
an uploaded report
in SEC ODRS.
3. Informs processor-in-charge 3. Monitors availability of None 4 days Securities Specialist II
of submission of Interim Interim Audited Financial Securities Specialist I
Audited Financial Statement Statement in SEC ODRS
online and once available,
evaluates the report.
3.1 If not compliant or

lacking, informs client
personally or thru
email of de iciency
3.2 If compliant, endorses

the corporate
records to Records
Unit for issuance of
PAF
3.3 Issues PAF which is 15 minutes Administrative Of icer II

forwarded to client in Administrative Assistant II
33
person or thru email
with advice for the
payment of assessed
fee thru any of the
SEC payment portals
4. Pays the registration fee as a. Certi ication –
the payment gateways Fee of P10.00
(LandBank or SEC payment c. Documentary
portal through Stamp Tax of PHP
https://espaysec.sec.gov.ph/) 30.00
5. Returns Cashier-validated 5. Advises client to None 5 minutes Administrative Assistant II
request form and/or PAF to follow-up release of Administrative Assistant I
Records Unit personally or thru certi ication
email
5.1. Prints Certi icate of Within 4 hours
Paid-Up Capital or from receipt of
Certi icate of Capital validated request
Structure or from client
Certi icate of
Percentage of
Ownership and
forwards Certi icate
and corporate ile to
Of ice of Director
5.2. Evaluates the

corporate records as 30 minutes Director
pertaining to the
34
request and if in
order, signs the
Certi icate. Otherwise,
the certi icate is
returned for
correction.
5.3. Forwards signed

Certi icate and 5 minutes Con idential Assistant III
corporate ile to
Records Unit for
release
6. Presents the Of icial Receipt 6. Presents a copy of SEC None 5 minutes Administrative Assistant II
to the Releasing Of icer and certi ication for signature COS
signs in logbook of released of claimant and
certi icates and on SEC copy subsequently releases
of released certi icate signed Certi ication.
TOTAL a. Certi ication – No Interim AFS: 5
P1,000.00 hours, 30 minutes
b. Legal Research With Interim AFS:
Fee of P10.00 4 days, 5 hours, 45
c. Documentary minutes
Stamp Tax of
PHP 30.00
35
6. Increase of Capital Stock by Way of Cash
This service details the procedure on application for increase of capital stock by way of Cash only.
Who may avail: Target SEC Others, please specify: Corporations duly registered at
Clients/Stakeholders/Customers Securities and Exchange Commission.

Basic requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and some sample formats from
the Public Assistance Desk or through the Commission’s website
1. Cover sheet through URL
2. Signed and notarized Director’s Certi icate with https://www.sec.gov.ph/forms-and-fees/primary-registration/
non-existence of intra-corporate dispute with documentary
4. Signed and notarized Application for Increase of Capital No Prescribed format. To be prepared by the Company in accordance
Stock with the Revised Corporation Code (Sections 15 and 37)
b. List of stockholders of record as of date of meeting To be provided by the applicant
approving the increase, indicating their nationalities
and their respective subscribed and paid-up capital on
36
the present authorized capital stock certi ied under
oath by the corporate secretary with documentary
c. Signed and notarized Secretary’s Certi icate on waiver
of pre-emptive rights of non-subscribing shareholders
with documentary stamps on one original set
6. Current/Latest Monitoring Clearance (Monitoring Sheet)
1. Endorsement from other government agencies, if A. Bank, Pawnshop and other Financial Intermediaries with
2. If the provision to be amended is for registered B. Insurance/Mutual Bene it Association/ Health Maintenance
corporations increasing its foreign equity to more than Organization- Insurance Commission
40%, submit: F-101 signed and notarized with C. Money Changer and Remittance Services- Bangko Sentral ng
documentary stamps on one original set Pilipinas
the percentage of such equity, submit: F-102 signed and
notarized with documentary stamps on one original set
4. Special Audit Report For guidance, refer to Memorandum Circular No. 6 series of 2008,
a. For companies with secondary licenses Memorandum Circular No. 6 series of 2012 andMemorandum Circular
b. Where payment to subscription to the increase is No. 11 series of 2016
more than P50,000,000.00 otherwise, Subscription
contract executed under oath among stockholder/s,
treasurer and president for the corporation, stating
the number of additional shares subscribed to and
paid for with documentary stamps on one original
set
37
5. For RURAL BANKS:
a) Notarized Certi ication on payment for subscriptions Bangko Sentral ng Pilipinas
b) list of stockholders of record showing their
respective subscribed and paid-up amount before and
after the increase and the list of subscribers to the
increase with their respective subscription and payment
as presented and approved by BSP annexed to the
notarized certi ication
1. Requests for increase of 1. Receives accomplished None 45 minutes Administrative Of icer II
capital stock at the Records request form and Administrative Assistant II
MC28
form forwarded by
email which may request and application,
include scanned copy and retrieves the
of signed and corporate ile
notarized/authenticate
d application for
increase and
38
amendment 1.2.1 For
documents corporations with
updated reports,
1.2 If request is made clients are advised
personally, secures when to follow-up
number from the applications.
Records Unit for the
retrieval of corporate 1.2.2 If reports are 5 minutes
records and endorses not current, client is
increase and advised to submit
amendment lacking reports irst
documents and undergo
monitoring process
before application
may be forwarded to
a Securities Specialist
1.3 The application,

amendment and
corporate ile are
forwarded to a
Securities Specialist Within 14 working Securities Specialist III
days Securities Specialist II
1.4 Securities Specialist Securities Specialist I
examines whether the
application submitted
and in substance
2 working days Securities Counsel II
39
1.5 The Securities
Counsel checks the
amendment documents
forwarded by the
Securities Specialist in
coordination with the
latter’s examination of
the reports and
application.
1.6 If there are

de iciencies, the
specialist/counsel
contacts the client and
sets an appointment for
the discussion of the
de iciencies
2. Client is informed as to result 2. If application and None 20 minutes Administrative Of icer IV
in person or thru email amendment are complete Securities Specialist II
and in order, the Securities Specialist I
Securities Specialist Securities Counsel II
issues a Monitoring Sheet Securities Counsel I
and a PAF, and approves
the application for
payment while the
Securities Counsel issues
a PAF and approves the
amendment, informs
client in person or thru
email of payment of
40
required fees thru any of
the SEC online payment
portal
2.1. If application is for

compliance, specialist
and/or counsel
of de iciencies and
informs the applicant
to comply.
3. Pays the registration fee as For the amendment:
indicated in the Payment a. Amended Articles
Assessment Form to any of of Incorporation –
the payment gateways P1,000.00
(LandBank or SEC payment b. LRF of P10.00
portal through For the increase:
https://espaysec.sec.gov.ph/ a. For corporations
with par value
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
b. For corporations
without par value
41
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
c. Legal Research Fee
-equivalent to 1%
of the computed
iling fee for
Increase of Capital
Stock but not less
than P10.00
d. Documentary
Stamp tax of
P60.00
e. For Corporations
with FIA
Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
f. Handling Fee –
P20.00
For the Penalty
42
As stated in the
Monitoring Sheet
approved documentary requirements and proofs
requirements with proof of of payment
payment
5. Returns documents stamped 5. Receives the complete None 5 minutes Administrative Of icer IV
as received to processor application requirements Securities Specialist II
and PAF and advises the Securities Specialist I
client to follow-up on the Securities Counsel II
release of Certi icates Securities Counsel I
5.1. Prepares the report 1 working day Administrative Of icer IV

on application for Securities Specialist II
increase in capital Securities Specialist I
and forwards all
application and
amendment
documents and
corporate ile to
Records Unit for
recording
5.2. Forwards recorded 5 minutes Administrative Assistant II

corporate ile and
application
documents to Of ice
of the Director
43
5.3. Prepares the Within 6 hours of Con idential Assistant III
Certi icate of receipt from
Amended Articles of Records Unit
Incorporation and
Increase of Capital
Stock
5.4. Evaluates the inal 2 working days Director

report, reviews the (depending on
application and the complexity of
contents of the application)
Certi icate and if in
order, signs the
Certi icates;
otherwise, the
application is
returned to
processor or the
certi icate to the
Con idential Assistant
for correction of the
certi icate
5.5. Forwards the 5 minutes Con idential Assistant III

certi icates and
corporate ile to the
Releasing Unit
assigned returned date, signs certi icate copy of SEC for
44
in logbook of documents signature of claimant and
released and on SEC copy of subsequently releases
certi icate and receives the signed Certi icate of
Amended Articles of Incorporation, Certi icate
Incorporation and Increase of Increase of Capital
of Capital Stock Stock
TOTAL For the amendment: 19 days, 7 hours,
a. Amended Articles 55 minutes
P1,000.00
b. LRF of P10.00
For the increase:
a. For corporations
with par value
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever
is higher
b. For corporation
without par value
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
45
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever
is higher
c. Legal Research
Fee -equivalent to
1% of the
computed iling
fee for Increase of
Capital Stock but
not less than
P10.00
d. Documentary
Stamp tax of
P60.00
e. For Corporations
with FIA
Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of P30.00
f. Handling Fee –
P20.00
For the Penalty
As stated in the
Monitoring Sheet
46
2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets
Who may avail: Target SEC Others, please specify: Corporations duly registered at
Clients/Stakeholders/Customers Securities and Exchange Commission.

Basic requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and sample formats from the
1. Cover sheet Public Assistance Desk or through the Commission’s website through
URL
47
2. Signed and notarized Director’s Certi icate with http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_f
documentary stamps on one original set or_Amendment.pdf

non-existence of intra-corporate dispute with documentary Downloadable at SEC website through the following URL:
stamps on one original set http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Ce
4. Signed and notarized Application for Increase of Capital No Prescribed format. To be prepared by the Company in accordance
Stock with the Revised Corporation Code (Sections 15 and 37)
To be provided by the applicant
b. List of stockholders of record as of date of meeting
the corporate secretary with documentary stamps on
one original set EO Public Assistance or Downloadable at SEC website through the
following URL:
c. Signed and notarized Secretary’s Certi icate on waiver of http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Cer
pre-emptive rights of non-subscribing shareholders with ti icate_Waiver_Pre_emptive_Rights.pdf

6. Current Monitoring Clearance (Monitoring Sheet)
48
2. If the provision to be amended is for registered Pilipinas
corporations increasing its foreign equity to more than
40%, submit: F-101 signed and notarized with
3. If the provision to be amended is for registered May secure copy from the Public Assistance Desk or may download
corporations with more than 40% increasing further the from SEC Website at
percentage of such equity, submit: F-102 signed and http://www.sec.gov.ph/forms-and-fees/primary-registration/
notarized with documentary stamps on one original set
4. For RURAL BANKS:

be signed by majority of the rural bank’s Board of Bangko Sentral ng Pilipinas
certi ication
year stamped received by BIR and SEC (if the advances are
already re lected therein)
49
veri ication of the advances to be converted to equity, if not downloadable at SEC website through the following URL:
re lected in AFS http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-
1.3 Deed of Assignment of advances / liabilities 06s2008.pdf
2. Stock Dividends To be provided by the Company

2.1 List of stockholders entitled to stock dividend with
their respective outstanding shares and the allocation of Refer to Memorandum Circular No. 11 Series of 2008 downloadable
stock dividend certi ied by the corporate secretary at SEC website through the following URL:
2.2 Audited Financial Statements as of the last iscal year http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-11s
received by BIR and SEC 2008.pdf
2.3 Secretary’s Certi icate that on the basis of the
computation of the Finance Of icer, the allocation of stock
dividends as indicated in the Certi icate of Increase is in
proportion to the shareholdings of stockholders as of date
of meeting approving the dividend declaration or as of
record date and the treatment of resulting fractional shares,
if any, are true and correct
2.4 Secretary’s Certi icate on the Board’s resolution to
2.5 Reconciliation of Retained Earnings
3. Land, buildings / condominium units To be provided by the Company.

3.1 Detailed schedule of property showing the registered
owner, location, area, TCT/CCT no., tax declaration number For guidance, please refer to Memorandum Circular No. 14 series of
and the basis of transfer value (market value, assessed 2013 downloadable at SEC website through the following URL:
value or zonal value) certi ied by the company accountant http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
3.2 Copy of TCT/CCT and tax declaration sheet certi ied by 14-s2013.pdf
3.3 Latest zonal valuation certi ied by BIR, if transfer value
50
3.4 Appraisal report by a licensed real estate appraiser, if
transfer value is based on appraised value (not more than 6
month old)
3.5 Deed of Assignment
3.6 If property is mortgaged, submit mortgagee/creditor’s
certi ication on the outstanding loan balance and his/her
written consent to the transfer of property
3.7 For assignment of buildings where assignor is not the
owner of the land, submit the lease contract on the land and
consent of the land owner to the transfer
3.8 Certi ication from the transferor stating that the
3.9 Af idavit of undertaking by an of icer of the
corporation to submit the required proof of transfer within
the prescribed period
4. Untitled Lands To be provided by the Company.

4.1 Certi ication of the Barangay Chairman where the
property owners or possessors, attesting that the subject
land had been in the possessor’s open, peaceful,
continuous and uninterrupted exclusive possession in the
concept of an owner for at least thirty (30) years and the
possessor had introduced improvements thereon, if any
4.2 Duplicate original or certi ied true copies of the tax
declaration sheets
4.3 Latest realty tax receipts
4.4 Af idavit by the transferor attesting continuous and
4.5 Af idavit of Non-Tenancy executed by Barangay
51
4.6 Duplicate original or certi ied true copies of any deed,
Register of Deeds for the province of city where the land
is situated
4.7 Af idavit executed by the transferor attesting to the:
untitled property
servient
estate, by virtue of such easements
4.8 Under oath undertaking of the transferor/subscriber to
answer for any liability that the corporation might incur
by virtue of the acceptance of said property as paid-up
capital
4.9 Clearance or certi ication from the Department of
Comprehensive
Agrarian Reform Program (CARP)
4.10 Blue Print Survey of the Plan as approved by the
Bureau of Lands
4.11 Detailed schedule of the property showing its
registered owner, location, area, tax declaration number
and the basis of transfer value (market value/ assessed
value / zonal value or appraised value)
52
4.12 Latest zonal valuation certi ied by BIR, if transfer value
4.13 Appraisal report by authorized appraiser, if transfer
month old)
4.15 Af idavit of undertaking to submit certi ied true copy
of the original certi icate of title in the name of the
transferee-corporation within one (1) year from the date
of receipt of the approval of the application
5. Inventories / Furniture / Personal Properties To be provided by the Company.

5.1 Detailed schedule of property showing the description
and the basis of transfer value (market value or book value)
5.2 Special Audit Report by an Independent CPA on the
veri ication and valuation of property, if transfer value is
based on book value
6. Heavy equipment and machinery To be provided by the Company.

6.1 Detailed schedule of the property showing the
company accountant
6.2 Appraisal report by authorized appraiser (not more
than 6 month old). If the property is imported, valuation
report with description of the property) by the Bangko
Sentral Ng Pilipinas
6.4 Certi ication from the transferor stating that the
53
7. Shares of Stock To be provided by the Applicant.
7.1 Detailed schedule of the shares of stock showing the
stockholder, stock certi icate number, no. of shares and For guidance, please refer to Memorandum Circular No. 14 series of
the basis of transfer value (market or book value) 2013 downloadable at SEC website through the following URL:
certi ied by the company accountant http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
7.2 Audited inancial statements of the investee company 14-s2013.pdf
as of the last iscal year received by BIR and SEC
7.4 Certi ication by the Corporate Secretary of the investee
company that the shares are outstanding in the name of
the assignor
7.5 Photocopy of the stock certi icate (present original for
veri ication)
7.6 Latest market price quotation in the newspaper or
certi ication from the stock exchange/broker as to latest
market price of the shares of stock (if listed in the Stock
Exchange)
7.7 Af idavit of undertaking to submit the required proof of
transfer within the prescribed period
8. Motor Vehicles To be provided by the Company.
8.1 Detailed schedule of the motor vehicle showing the
registered owner, make/model, plate number, chassis For guidance, please refer to Memorandum Circular No. 14 series of
number, motor number, certi icate of registration number 2013 downloadable at SEC website through the following URL:
and market value certi ied by the company accountant http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
8.2 Photocopy of certi icate of registration and of icial 14-s2013.pdf
veri ication)
8.3 Appraisal report by authorized appraiser (not more
than 6 months old)
54
8.5 Af idavit of undertaking by an of icer of the corporation
to submit the required proof of transfer within the
prescribed period
8.6 Certi ication from the transferor stating that the motor
9. Sea Vessel / Aircraft To be provided by the Company.

9.1 Detailed schedule of vessel/aircraft showing registered
Owner, registry number, technical description and For guidance, please refer to Memorandum Circular No. 14 series of
appraised value certi ied by the company accountant 2013 downloadable at SEC website through the following URL:
9.2 Certi ied true copy of the certi icate of ownership http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
9.3 Appraisal report by authorized appraiser (not more 14-s2013.pdf
than 6 month old)
9.4 Certi icate of seaworthiness/airworthiness issued by
corporation to submit the required proof of transfer
within the prescribed period
10. Intangibles To be provided by the Applicant.

10.1 Photocopy of System Purchase Agreement or any
proof of ownership (for software) For guidance, please refer to Memorandum Circular No. 14 series of
10.2 Copy of Certi icate of Registration of Intellectual 2013 downloadable at SEC website through the following URL:
Property Rights and mining permit for mining http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
claims/rights 14-s2013.pdf
10.3 Appraisal report by an accredited appraisal company
55
10.5 Af idavit of undertaking by an of icer of the company
to submit proof of transfer of ownership within the
prescribed period
11. Net Assets To be provided by the Company.

11.1 Audited inancial statements (AFS) of the applicant
corporation as of the last iscal year received by BIR and For guidance, please refer to Memorandum Circular No. 14 series of
SEC 2013 downloadable at SEC website through the following URL:
11.2 Audited inancial statements of single proprietorship http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.
/ partnership / division of corporation (for spin-off) as of 14-s2013.pdf
last iscal year
11.3 Long-form audit report of item no. 22.2
11.4 Deed of Assignment of the assets and liabilities
11.5 List of creditors with the amount due to each
creditor as of date of the AFS certi ied by the auditor or
certi ied under oath by the company accountant and
written consent of creditors
11.6 Detailed schedule of properties with certi icate of
11.7 Photocopy of the certi icate of registration of the
11.8 Copy of TCT/CCT and tax declaration sheets certi ied
by the Register of Deeds and Assessor’s Of ice,
respectively
11.9 Photocopy of stock certi icates (present original for
veri ication)
11.10 DTI Certi icate of Registration (for single
proprietorship)
56
corporation to submit the required proof of transfer
within the prescribed period
1. Requests for increase of 1. Receives accomplished None 45 minutes Administrative Of icer II
capital stock at the Records request form and Administrative Assistant II
MC28
form forwarded by
email which may request and application,
include scanned copy and retrieves the
of signed and corporate ile
notarized/authenticate
d application for 1.2.1 For
increase and corporations with
amendment updated reports,
documents clients are advised
when to follow-up
1.2 If request is made applications.
personally, secures
number from the 1.2.2 If reports are
Records Unit for the not current, client is
retrieval of corporate advised to submit
lacking reports irst
57
records and endorses and undergo
increase and monitoring process
amendment before application
documents may be forwarded to
a Securities Specialist
1.3 The application, 5 minutes

amendment and
corporate ile are
forwarded to a
1.4 Securities Specialist Within 14 working Securities Specialist III

examines whether the days Securities Specialist II
application submitted Securities Specialist I
and in substance
1.5 The Securities 2 working days Securities Counsel II

Counsel checks the Securities Counsel I
amendment documents
forwarded by the
Securities Specialist in
coordination with the
latter’s examination of
the reports and
application.
1.6 If there are

de iciencies, the
58
specialist/counsel
contacts the client and
sets an appointment for
the discussion of the
de iciencies
2. Client is informed as to result 2. If application and None 20 minutes Securities Specialist III
in person or thru email amendment are complete Securities Specialist II
and in order, the Securities Specialist I
Securities Specialist issues Securities Counsel II
a Monitoring Sheet and a Securities Counsel I
PAF, and approves the
application for payment
while the Securities
Counsel issues a PAF and
approves the amendment,
informs client in person or
thru email of payment of
required fees thru any of
the SEC online payment
portal
3.1. If application is for

and/or counsel
of de iciencies and
informs the applicant
to comply.
3. Pays the registration fee as For the amendment:
indicated in the Payment
59
Assessment Form to any of a. Amended Articles
the payment gateways of Incorporation –
(LandBank or SEC payment P1,000.00
portal through b. LRF of P10.00
https://espaysec.sec.gov.ph/ For the increase:
c. For corporation
with par value
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
d. For corporation
without par value
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
e. Legal Research Fee
-equivalent to 1% of
60
the computed iling
fee for Increase of
Capital Stock but not
less than P10.00
f. Documentary
Stamp tax of P60.00
g. For Corporations
with FIA
Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
h. Handling Fee –
P20.00
For the Penalty
As stated in the
Monitoring Sheet
approved documentary requirements and proofs
requirements with proof of of payment
payment
5. Returns documents stamped 5. Receives the complete None 5 minutes Administrative Of icer IV
as received to processor application Securities Specialist II
requirements and PAF Securities Specialist I
and advises the client to Securities Counsel II
follow-up on the release Securities Counsel I
of Certi icates
61
5.1 Prepares the report 1 working day Administrative Of icer IV
on application for Securities Specialist II
increase in capital and Securities Specialist I
forwards all application
and amendment
documents and
corporate ile to Records
Unit for recording
5.2 Forwards recorded 5 minutes Administrative Assistant II

corporate ile and
application documents to
5.3 Prepares the Within 6 hours of Con idential Assistant III

Certi icate of Amended receipt from
Articles of Incorporation Records Unit
and Increase of Capital
Stock
5.4 Evaluates the inal 2 working days Director

report, reviews the (depending on
application and the complexity of
contents of the Certi icate application)
and if in order, signs the
Certi icates; otherwise,
the application is
returned to processor or
the certi icate to the
Con idential Assistant for
62
correction of the
certi icate
5.5 Forwards the

certi icates and corporate 5 minutes Con idential Assistant III
ile to the Releasing Unit

assigned returned date, certi icate copy of SEC
signs in logbook of for signature of claimant
documents released and on and subsequently
SEC copy of certi icate and releases signed
receives the signed Certi icate of Amended
Certi icate of Amended Articles of Incorporation,
Articles of Incorporation Certi icate of Increase of
and/or Increase of Capital Capital Stock
Stock
TOTAL For the amendment: 19 days, 7 hours,
a. Amended Articles 55 minutes
P1,000.00
b. LRF of P10.00
For the increase:
c. For corporations
with par value
1/5 of 1% of the
increase in capital
stock but not less
63
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
d. For corporations
without par value
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
e. Legal Research
Fee -equivalent to
1% of the
computed iling
fee for Increase of
Capital Stock but
not less than
P10.00
f. Documentary
Stamp tax of
P60.00
64
g. For Corporations
with FIA
Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of P30.00
h. Handling Fee –
P20.00
For the Penalty
As stated in the
Monitoring Sheet
65
8. Issuance of Certi icate of No Derogatory Information
This service details the procedure for the issuance of a certi icates of No Derogatory Information.
Who may avail: Target SEC Others, please specify: All Registered Partnerships,
Clients/Stakeholders/Customers Domestic Corporations, and Licensed Foreign
Corporations.

Current/Latest Monitoring Clearance SEC
1. Requests certi ication from 1. Receives None 45 minutes Administrative Of icer II
Records Unit accomplished request form Administrative Assistant II
and checks compliance Administrative Assistant I
1.1 If request is made thru with MC28
form forwarded by
the accomplished
request form thru 1.2 If with MC28
email which may submission, receives
include scanned copy request, checks status of
of signed and
66
notarized/authenticate entity in the SEC
d Petition and its database and index
supporting documents card, and retrieves the
corporate ile.
1.2.1 If monitoring
personally, secures
clearance is available,
number from the
issues PAF and
guard for the Legal
provides it to client if
Unit then proceeds to
in person or thru
wait at the Records
email for the
Unit after securing a
payment of assessed
number from the
fees thru any of the
Records Unit for the
payment gateways.
retrieval of corporate
records 1.2.2 If there is no
monitoring clearance,
client is advised to go
through procedure
for monitoring of
domestic
corporations
2. Pays the registration fee as a. Certi ication

indicated in the Payment Fee – P500.00
Assessment Form to any of b. Documentary
the payment gateways Stamp Tax –
(LandBank or SEC payment P30.00
portal through
https://espaysec.sec.gov.ph/
67
3. Returns PAF to Records Unit 3. Advises the client to None 5 minutes Administrative Of icer II
personally or thru email follow-up certi ication Administrative Assistant II
within 2 days Administrative Assistant I
3.1. Encodes the request 20 minutes

in the Certi ication
Issuance
System-Uni ied
Reference Database
(CIS-URDB)
3.2. Endorses request

form and corporate
records to
Administrative Of icer
IV for validation.
3.3. Receives request and 5 minutes Securities Specialist III

veri ies the status of Securities Specialist I
corporation in Administrative Of icer II
CIS-URDB.
3.3.1. If not cleared in 1 day

CIS-URDB,
contact the
applicant to
comply with
de iciency or
directive of the
department who
encoded the said
68
de iciency or
directive.
3.3.2. If cleared,
approves the
request for
printing of
certi icate and
returns records
to Records Unit.
3.4. Prints the Certi icate Within 6 hours from Administrative Of icer II
of No Derogatory receipt of clearance
Information through from AOIV
the CIS-URDB and
forwards certi ication
and corporate
records to the Of ice
of the Director
3.5. Reviews the records within 8 hours from Director

and signs the receipt
Certi icate of No
Derogatory
Information.
3.6. Forwards the signed 5 minutes Con idential Assistant III

certi ication and
corporate records to
Records Unit
69
4. Presents original receipt to 4. Presents SEC copy of NONE 5 minutes Administrative Assistant II
the Releasing Unit on certi icate for signature Administrative Assistant I
assigned returned date, signs of claimant and
in logbook of documents subsequently releases
released and on SEC copy of signed Certi icate of No
certi icate and receives the Derogatory Information.
signed Certi icate of No
Derogatory Record
TOTAL a. Certi ication Fee 1 day, 15 hours, 25
– P500.00 minutes
b. Documentary
Stamp Tax – P30.00
70
This service details the procedure for the issuance of a certi ication as to Status of a Registered Corporation.
Type of Transaction: ☒ Government to Citizen (G2C)
Corporations.

1. Requests certi ication as to 1. Receives accomplished None 45 minutes Administrative Of icer II
status from Records Unit request form and checks Administrative Assistant II
form forwarded by
71
email which may request, checks status of
include scanned copy entity in the SEC database
of signed and and index card, and
notarized/authenticate retrieves the corporate
d Petition and its ile.
1.2.1 If monitoring
clearance is available,
issues PAF and provides
personally, secures
it to client if in person
number from the
or thru email for the
guard on duty for the
payment of assessed
Legal Unit then
fees thru any of the
proceeds to wait at the
payment gateways.
Records Unit after
securing a number 1.2.2 If there is no
from the Records Unit monitoring clearance,
for the retrieval of client is advised to go
corporate records through procedure for
monitoring of domestic
corporations
2. Pays the registration fee as a. Certi ication Fee
indicated in the Payment – P500.00
portal through
3. Returns PAF to Records Unit 3. Advises the client to None 5 minutes Administrative Of icer II
72
3.1. Prints the Certi ication Within 1 day from Con idential Assistant III
as to Status and receipt of payment
forwards certi ication
and corporate
records to the Of ice
of the Director

Certi icate as to
Registered Status of
entity.
3.3. Forwards the signed 5 minutes Con idential Assistant III

certi ication and
Records Unit
4. Presents original receipt to 4. Presents copy of SEC None 5 minutes Administrative Assistant II
the Releasing Unit on certi ication for signature Administrative Assistant I
assigned returned date, signs of claimant and
in logbook of documents subsequently releases
released and on SEC copy of signed Certi ication as to
certi icate and receives the Status.
signed Certi ication as to
Status
TOTAL a. Certi icatio 1 day, 9 hours
n Fee – P500.00
b. Documentary
Stamp Tax –
P30.00
73
10. Issuance of Negative Certi ication
This service details the procedure on Issuance of Negative Certi ication.
Corporations.

1. Requests negative 1. Receives request, checks None 45 minutes Administrative Of icer II
certi ication from Records status of entity in SEC Administrative Assistant II
Unit database and index Administrative Assistant I
card,1. SEC advisories,
1.1 If request is made thru CDOs, Revocation Orders
email, ills up request and list of
form forwarded by suspended/revoked
Records Unit, returns entities.
the accomplished
request form thru
email which may
74
include scanned copy 1.1. Advises client to
of signed and follow-up
notarized/authenticate certi ication within 2
d Petition and its days
1.2. Issues PAF and
1.2 If request is made provides it to client if
personally, secures in person or thru
number from the email for the
guard on duty for the payment of assessed
Legal Unit then fees thru any of the
proceeds to wait at the payment gateways.
Records Unit after
securing a number
from the Records Unit
for the retrieval of
corporate records
2. Pays the registration fee as a. Certi ication
indicated in the Payment Fee – P500.00
portal through
3. Returns PAF to Records Unit 3. Advises the client to 5 minutes Administrative Of icer II
3.1. Prints the Within 1 day from

Certi ication as to receipt of payment
75
Status and forwards
certi ication and
the Of ice of the
Director

Certi icate as to
Registered Status of
entity.
3.3 Forwards the signed 5 minutes Con idential Assistant III

certi ication and
corporate records
to Records Unit
4. Presents original receipt to 4. Presents copy of SEC for NONE 5 minutes Administrative Assistant II
the Releasing Unit on signature of claimant Administrative Assistant I
assigned returned date, and subsequently
signs in logbook of releases signed
documents released and on Certi ication as to Status.
SEC copy of certi icate and
receives the signed Negative
Certi ication
TOTAL a. Certi ication 1 day, 9 hours

Fee – P500.00
b. Documentary
Stamp Tax –
P30.00
76
This service details the procedure for requests for plain and/or authenticated copies of documents on ile with the
Commission.
Who may avail: Target SEC Others, please specify: All Government Agencies.
Clients/Stakeholders/Customers

None
1. Requests certi ied true copy or 1. Receives request, None 45 minutes Administrative Of icer II
ordinary copy from the checks availability of Administrative Assistant II
Records Unit requested documents in Administrative Assistant I
database or corporate
1.1 If request is made thru records available
form forwarded by 1.1. Advises client to
Records Unit, returns the follow-up within
accomplished request the day
form thru email which
77
may include scanned 1.2. Issues PAF and
copy of signed and provides it to client
notarized/authenticated if in person or thru
Petition and its email for the
supporting documents payment of fees
thru payment
1.2 If request is made gateways
personally, secures
number from the guard
on duty for the Legal Unit
then proceeds to wait at
the Records Unit after
securing a number from
the Records Unit for the
retrieval of corporate
records
2. Pays the registration fee as 2.1. Prepares the For CTC/set: Administrative Of icer II
indicated in the Payment requested documents a. Articles of Administrative Assistant II
Assessment Form to any of the Incorporation – Administrative Assistant I
payment gateways (LandBank 2.1.1. If plain copy, P200 Within 2 hours for
or SEC payment portal prints the By-Laws – P200 ordinary copy
through documents Articles of
https://espaysec.sec.gov.ph/) Partnership –
and presents the same to the 2.1.2. If P200 Within 4 hours for
Records Unit in person or thru authenticated Amended CTC
email copy, prints, Articles of
veri ies and Incorporation –
certi ies the P200
documents Amended
By-Laws –
78
P200
Amended
Articles of
Partnership –
P200
Increase in
Capital Stock –
P200
GIS – P100
FS – number of
pages x P10.00
plus service
fee P50
Certi icate of
Registration –
P50
b. Documentary
Stamp Tax –
P30/set
For Ordinary Copy

a. Articles of
Incorporation –
P100
By-Laws – P100
Articles of
Partnership –
P100
Amended
Articles of
79
Incorporation –
P100
Amended
By-Laws – P100
Amended
Articles of
Partnership –
P100
Increase in
Capital Stock –
P70
GIS – P25
FS – number of
pages x P10.00
3. Presents original receipt to the 3. Presents logbook for None 5 minutes Administrative Assistant II
Releasing Unit on assigned signature of claimant Administrative Assistant I
returned date, signs in logbook and subsequently
of documents released and requested document.
receives the CTC or ordinary
copy
TOTAL For CTC/set: For CTC: 4 hours, 50
Articles of minutes
Incorporation –
P200 For Ordinary Copy:
By-Laws – P200 2 hours, 50 minutes
Articles of
Partnership –
P200
Amended
Articles of
80
Incorporation –
P200
Amended
By-Laws –
P200
Amended
Articles of
Partnership –
P200
Increase in
Capital Stock –
P200
GIS – P100
FS – number of
pages x P10.00
plus service
fee P50
Certi icate of
Registration –
P50
Documentary
Stamp Tax –
P30/set
For Ordinary Copy

Articles of
Incorporation –
P100
By-Laws – P100
Articles of
81
Partnership –
P100
Amended
Articles of
Incorporation –
P100
Amended
By-Laws – P100
Amended
Articles of
Partnership –
P100
Increase in
Capital Stock –
P70
GIS – P25
FS – number of
pages x P10.00
82
12. Issuance of Plain/Authenticated Copies of Documents for Other
Government Of ices
This service details the procedure for request for plain and/or authenticated copies of documents on ile with the
Commission.
☐ Government to Business (G2B)
Who may avail: Target SEC Others, please specify: All Government Agencies.
CLIENT STEPS AGENCY ACTIONS

Signed Letter Request (1 original) Requesting Government Agency
83
1. Submits the letter to the 1. Receives the letter None 5 minutes Con idential Assistant III
Of ice of the Director either request and forwards Information Of icer
personally or thru email the letter to the Director
1.1 Endorses letter 5 minutes Director

request to Records Unit
for compliance within 2
days
1.2 Prepares the

requested documents
1.2.1 If plain copy,

Within 2 hours for Administrative Of icer II
prints the documents
ordinary copy Administrative Assistant II
1.2.2 If authenticated
copy, prints, veri ies Within 4 hours for
and certi ies the certi ied true copy
documents
1.3 Forwards the

requested documents to 5 minutes Director
the Of ice of the Director
1.4 Prepares and signs Within 2 days from

the letter reply and receipt of letter
forwards the same
together with the
documents to the
Con idential Assistant for
recording purposes
84
1.5 Letter forwarded to
Administrative Assistant I
for transmittal
2. Receives the transmittal 2. Delivers requested None 25 minutes per Administrative Assistant I
letter with requested documents to requesting agency
document/s, if any agency if of ice is within
Davao City
2.1 Transmits requested

documents through
courier or mail if of ice of
requesting agency is
outside Davao City
TOTAL NONE For CTC: 2 days, 4
hours, 40 minutes
For Ordinary: 2
days, 2 hours, 40
minutes
85
13. Public Assistance

None None
1. Informs information 1. Directs to proper unit or None 5 minutes Information Of icer
of icer/guard on duty the personnel Guard on Duty
concern and/or unit he/she
wishes to be directed to 1.1. Gives priority
number for legal unit
for concerns
pertaining to
registration,
amendments, scams
and other legal issues
86
1.2. Directs to
administrative unit
for issues pertaining
to personnel
behavior
1.3. Directs to Specialists

for concerns on
reports and
monitoring, lending &
inancing
1.4. Directs to Records

Unit for concerns on
status of
corporations, copies
of documents, EFast
2. Presents verbal concern, 2. Renders advice None 30 minutes Concerned Personnel
query or complaint depending on the nature (depending on (Director)
of the concern/query; or complexity of issue (Securities Counsels)
hands out the requested raised) (Administrative Of icer IV)
checklist of requirements, (Securities Specialists)
forms
complaint 2.1. Endorses written 5 minutes Information Of icer
complaint to the Con idential Assistant III
87
expect feedback
within seven (7)
working days
2.2. Prepares and signs Within 2 working Director

answer to the days from receipt of
complaint written complaint
2.3. Endorses signed 5 minutes Con idential Assistant III

answer to
Administrative
Assistant I for
personal delivery or
for mailing through
postal service or
courier service
TOTAL NONE For verbal: 35
minutes
For written: 2 days,
10 minutes
88
14. Manual Receiving of Document/s other than reports
This service details the procedure on receiving documents other than reports such as letters.

Correspondence for SEC To be provided by client
1. Presents 2 sets/copies of 1. Checks document if for None 3 minutes per Computer Operator
document to Receiving SEC, then stamps document
Of icer documents as received
2. Claims 1 set/copy for his ile 2. Retains 1 original set None 1 minute Computer Operator
copy
TOTAL None 4 minutes per
document
89
15. Receiving of Reports Through SEC eFast
This service details the procedure on the receiving of reportorial requirements of registered corporations such as but not
limited to General Information Sheet (GIS), Audited Financial Statements (AFS), Sworn Statement for Foundations (SS),
General Form for Financial Statements (GFFS), Special Form for Financial Statements (SFFS) through the SEC online
submission facility.
Who may avail: Target SEC Others, please specify: All Registered Corporations.

Basic Requirements: Form available at https://cifss-ost.sec.gov.ph/user/login
1. SEC-approved template of Board Resolution (signed by

majority of the Board) or Notarized Secretary’s Certi icate
2. Submitted MC28 Report (as submitted in MC28 portal)
3. Reports to be uploaded in PDF format
1. For enrolment: None None Applicant
90
1.1 Logs on at
https://cifss-ost.sec.gov.ph/
user/login
1.2 Clicks Enroll as Company

and inputs necessary details.
1.3 Clicks Enroll as Filer and

inputs necessary details.
2. For submission of reports: 2. Conduct of quality check None (as of now only the Head Of ice Personnel
to ensure that the report of ice does the quality
2.1 Logs on at is readable and in the check)
https://cifss-ost.sec.gov.ph/ form required.
user/login using username
and password
2.2 Selects Forms Module to

upload report in PDF
format, input necessary
details and submit.
TOTAL NONE (dependent on action
of HO)
91
16.Registration under the Electronic Simpli ied Processing of Application
for Registration of Company (ESPARC)
This service details the procedure on the application for registration of One Person Corporations (OPC) and Domestic Corporations
(stock or non-stock) with 2 or more incorporators, and the application for the recording of partnerships and for license to do business
for foreign corporations.
Who may avail: Target SEC Others, please specify: All Natural and Juridical persons
Clients/Stakeholders/Customers and their representatives.

Basic Requirements (4 sets original) ● OneSEC: https://esparc.sec.gov.ph
● Computation of iling fee:
1. Cover Sheet http://www.sec.gov.ph/wp-content/uploads/2017/03/2017MC
2. Articles of Incorporation or Articles of Partnership no03-new2.pdf
3. By-Laws (not required for OPC, Corporation Sole and
Partnerships)
4. Proof of Payment (Payment Assessment Form, OR)
5. Digital copy of Certi icate of Incorporation (E-Certi icate)
(for corporations other than Lending and Financing, also
excluding partnerships)
92
3. requirements for Lending and Financing Companies

PAID
1. Clicks the link provided in the 1. Name Veri ier and Processor None 7 working days Applicant
SEC website to the Esparc will review the application and Con idential Assistant III
system to submit the proposed will advise applicant of the Securities Counsel II
company name and input status of the review through the Securities Counsel I
details of the articles of email address indicated in the Director
incorporation and/or by-laws application
and submits the said
application for review by the 1.1. If registration application is
Commission. disapproved, applicant has
to edit and/or correct the
data in the application form
as set forth in the
compliance notice of the
reviewing processor. The
applicant may opt to cancel
the application and re-apply
accordingly.
1.2. If registration application is

pre-approved, client is
instructed thru email to
download registration
documents then upload
93
PAID
signed and
notarized/authenticated
registration documents.
1.2.1. For Corporations:

Proceed to Client Step 2
1.2.2. For Lending and
Financing Corporations
and Partnerships: Proceed
to Client Step 3
2. Downloads the articles of 2. For Corporations: Checks details None 7 working days Applicant
incorporation and/or by-laws in uploaded documents to data Con idential Assistant III
from the system, or prepares encoded by applicant and if Securities Counsel II
own form of articles of compliant, applicant is directed Securities Counsel I
incorporation and/or by-laws to pay the registration fees
ensuring the same details as speci ied on the Payment
that inputted, for signature of Assessment Form (PAF) issued,
the incorporators and and is advised to submit proof
notarization/authentication of payment, originally signed
then uploads signed and and notarized or authenticated
notarized/authenticated hard copies of the registration
registration documents. documents to the selected SEC
Of ice within thirty (30) calendar
days from the date of payment
of registration fees, otherwise
application is returned with
information on de iciencies.
94
PAID
3. Pays the registration fee as None For stock
indicated in the Payment corporation
Assessment Form to any of the based on the
payment gateways (LandBank authorized
or SEC payment portal capital stock:
through With par
https://espaysec.sec.gov.ph/) value: 1/5 of
and for corporations other 1% of the
than Lending and Financing, authorized
and partnerships, after capital stock
providing proof of payment to but not less
the system, may download and than P 2,000
print digital copy of the or the
Certi icate of Incorporation. subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
P100 per
share but not
less than P
2,000 or the
95
PAID
issue value of
the
subscribed
capital stock
whichever is
higher
Articles of
Incorporation
for non-stock
corporation: P
1,000
Articles of
Partnership:
1/5 of 1% of
the
Partnership’s
capital but not
less than
P2,000.00
By-Laws for
both stock and
non-stock
corporations:
P 1,000
Foreign
Investments
Act (FIA)
Form:
P3,000.00
96
PAID
Name
Reservation:
P100.00
Each
additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal
Research Fee
(LRF): 1% of
the Filing Fee
but not less
than Ten
Pesos (P
10.00) Book
Registration
Fee: P150.00
Handling Fee:
P20.00
4. Presents the 4 sets of signed 4. Receiving Of icer checks None 30 minutes for all Computer Operator
and notarized/authenticated completeness of documents copies submitted
registration documents, proof submitted
of payment and E-Certi icate
(for corporations other than 4.1 If there are lacking
Lending and Financing and documents, the client is
requested to submit the same
97
PAID
excluding partnerships) to the and defers receiving of
Receiving Of icer. document until compliance
4.2 For Corporations other than

Lending and Financing: If
documents are found to be
proper, client is advised to claim
original Certi icate of
Incorporation at Releasing Unit
within the day and to bring Stock
and Transfer Book or
Membership Book
4.2.1 The Receiving
15 minutes Computer Operator
Of icer thereafter assigns a
Receiving Of icer
processor to post-audit
the documents in the
CoRes system and stamps
as received the hard
copies of the registration
application.
4.2.2 The Receiving
Of icer forwards the
documents to the Printing
Of icer for the issuance of
the Certi icate of
Incorporation
4.2.3 Prints the COR and 4 hours Con idential Assistant III
enters the company details
98
PAID
in the SEC EO Masterlist,
and forwards the COI and
registration documents to
the Releasing Unit
4.2.1 Post-auditor audits
15 minutes Assigned Post-Auditor
the corporation and
forwards indings, if any, to
releasing of icer for
release together with the
Incorporation
4.3 For Partnerships: If
original Certi icate of Recording
at Releasing Unit
4.3.1 The Receiving Of icer 5 minutes Computer Operator
forwards the documents to Receiving Of icer
the Printing Of icer for the
issuance of the Certi icate of
Recording
4.3.2 Prints the COR and
enters the company details in Within 2 hours from Receiving Of icer
the SEC EO Masterlist, and receipt of
forwards the Certi icate to documents
the Director for signature
99
PAID
4.3.3 Signs Certi icate of
Recording
4.3.4 Forwards signed Within 3 hours Director

Certi icate and registration
documents to Releasing Unit
4.4 For Lending/Financing 3 minutes Con idential Assistant III
Corporations: If registration
Incorporation at Releasing Unit
4.4.1 The Receiving Of icer
forwards the documents to 5 minutes Computer Operator
the Securities Specialist for Receiving Of icer
the checking of the additional
requirements for LCFCs.
4.4.2 Securities Specialist Within 2 hours from

returns documents to receipt of Securities Specialist I
Receiving Of icer documents
4.4.3 Prints the COI and Within 2 hours from

enters the company details in receipt of Con idential Assistant III
the SEC EO Masterlist, and documents
forwards the Certi icate to the
Director for signature
100
PAID
4.4.4 Signs Certi icate of Within 3 hours Director
Recording
4.4.5 Forwards signed 3 minutes Con idential Assistant III

Certi icate and registration
documents to Releasing Unit
5. Presents proof of payment to 5. Presents logbook of released None 5 minutes Administrative Assistant
the Releasing Unit on assigned certi icates and Certi icate copy II
returned date, signs in logbook of SEC for signature of claimant. Administrative Assistant I
of documents released and on
SEC copy of the certi icate and 5.1 Registers Stock and Transfer 5 minutes
receives the signed Certi icate. Book except for OPC or
Membership Book except for
Corporation Sole
5.2 Releases Certi icate 3 minute
TOTAL For stock For Corporations

corporation other than Lending
based on the and Financing:
authorized a. Checking of
capital stock: Application: 7 days
With par b. Checking of
value: 1/5 of Uploaded
1% of the Documents: 7 days
authorized c. For Releasing of
capital stock Original COI: 3
but not less hours, 13 minutes
than P 2,000
101
PAID
or the For Partnerships:
subscription a. Checking of
price of the Application: 7 days
subscribed b. For Releasing of
capital stock Original COR: 5
whichever is hours, 51 minutes
higher
Without par For Lending and
value: 1/5 of Financing
1% of the Corporations:
authorized a. Checking of
capital stock Application: 7 days
computed at b. For Releasing of
P100 per Original COR: 7
share but not hours, 54 minutes
less than P
2,000 or the
issue value of
the
subscribed
capital stock
whichever is
higher
Articles of
Incorporatio
n for
non-stock
corporation:
P 1,000
102
PAID
Articles of
Partnership:
1/5 of 1% of
the
Partnership’s
capital but
not less than
P2,000.00
By-Laws for
both stock
and
non-stock
corporations:
P 1,000
Foreign
Investments
Act (FIA)
Form 100:
P3,000.00
Company
Name
Reservation:
P100.00
Each
additional
trade
name/s:
P100.00
103
PAID
Documentary
Stamp Tax:
P30.00
Legal
Research Fee
(LRF): 1% of
the Filing Fee
but not less
than Ten
Pesos (P
10.00) Book
Registration
Fee: P150.00
Handling Fee:
P20.00
104
17. Registration under the One day Submission and E-registration of
Companies (OneSEC)
This service details the procedure on the application for registration of One Person Corporations (OPC) and Domestic Stock
Corporations with 2 to 15 incorporators who desire a one day approval of their registration application.
Who may avail: Target SEC Others, please specify: All Natural and Juridical persons
Clients/Stakeholders/Customers and their representatives.

Basic Requirements (2 sets original, 1 set photocopy) ● OneSEC: https://esparc.sec.gov.ph/
1. Cover Sheet www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new
2. Articles of Incorporation 2.pdf
3. By-Laws (not required for OPC)
4. Proof of Payment (Payment Assessment Form, OR)
5. Digital Copy of Certi icate of Incorporation (E-Certi icate)
6. Stock and Transfer Book (except OPC)

105
1. Clicks the link provided in the None For stock corporation Will depend on the Applicant
SEC website to the OneSEC based on the applicant
system to: (a) submit the authorized capital
proposed company name and stock:
input minimum data required With par value: 1/5 of
for the articles of 1% of the authorized
incorporation and/or capital stock but not
by-laws; (b) for successful less than P 2,000 or
applications, pays for the the subscription price
registration fee through the of the subscribed
SEC online payment portal capital stock
indicated and provided in the whichever is higher
OneSEC system; (c) Without par value:
downloads Interim Certi icate 1/5 of 1% of the
and system-generated forms authorized capital
for signature of stock computed at
incorporators and P100 per share but
notarization/authentication. not less than P 2,000
stock whichever is
higher
By-Laws: P 1,000
Foreign Investments
Act (FIA) Form 100:
P3,000.00
Company Name
106
name/s: P100.00
Documentary Stamp
Tax: P30.00
Legal Research Fee
(LRF): 1% of the
Filing Fee but not less
than Ten Pesos (P
10.00) Book
Registration Fee:
P150.00
Handling Fee: P20.00
2. Presents the 3 sets of signed 2. Receiving Of icer checks None 30 minutes for all Computer Operator
and notarized/authenticated completeness of copies submitted
system-generated registration documents submitted
documents, digital interim
certi icate of incorporation, 2.1 If there are lacking
and proof of payment to documents, the client
chosen SEC processing of ice is requested to submit
within a period of 1 year the same and defers
from date stated in the receiving of document
Interim Certi icate of until compliance
Incorporation
2.2 If documents are
found to be proper,
client is advised to
proceed to Releasing
Unit for the original
copy of the Certi icate
107
of Incorporation
(COI)
2.2.1 The Receiving 15 minutes Computer Operator

Of icer Receiving Of icer
thereafter
assigns a
processor to
post-audit the
documents in the
CoRes system
and stamps as
received the
hard copies of
the registration
application.
2.2.2 The Receiving

Of icer forwards
the documents
to the Printing
Of icer for the
issuance of the
Certi icate of
Incorporation
2.2.3 Prints the COR Within 3 hours from Con idential Assistant III
and enters the receipt of
company details registration
in the SEC EO documents
108
Masterlist, and
forwards the
signed COI and
registration
documents to
the Releasing
Unit
3. Presents proof of payment 3. Presents logbook of None 5 minutes Administrative Assistant II

to the Releasing Unit, signs released certi icates and Administrative Assistant I
in logbook of documents COI copy of SEC for
released and on SEC copy signature of claimant.
of the certi icate and
receives the signed COI 3.1 Registers Stock and 5 minutes
Transfer Book except for
OPC
3.2 Releases signed COI 3 minutes
TOTAL For stock corporation 3 hours, 58 minutes

based on the
authorized capital (pertains to receiving of
stock: hard copies only)
With par value: 1/5 of
1% of the authorized
capital stock but not
less than P 2,000 or
the subscription price
of the subscribed
109
capital stock
whichever is higher
Without par value: 1/5
of 1% of the
authorized capital
stock computed at
P100 per share but not
less than P 2,000 or
the issue value of the
subscribed capital
stock whichever is
higher
By-Laws: P 1,000
Foreign Investments
Act (FIA) Form 100:
P3,000.00
Company Name
name/s: P100.00
Documentary Stamp
Tax: P30.00
Legal Research Fee
(LRF): 1% of the Filing
Fee but not less than
Ten Pesos (P 10.00)
Book Registration Fee:
P150.00
110
18. Regular Monitoring Ordinary Corporations
This service details the procedure on regular monitoring of One Person Corporations (OPC) and Ordinary Domestic Corporations
(stock or non-stock) with 2 or more incorporators.
Who may avail: Target SEC Others, please specify: All registered domestic
Clients/Stakeholders/Customers corporations through their Authorized Representatives.

Basic Requirements To be provided by client
1. Latest Audited Financial Statement

2. Latest General Information Sheet
3. MC28 submission in MC28 portal
Additional Requirements depending on indings of the

specialists

2. Copy of the latest Con irmation of Payment (COP), if any
3. Secretary’s Certi icate explaining the double iling of General
Information Sheet
4. Secretary’s Certi icate of No Intra-Corporate Dispute
111
5. Secretary’s Certi icate (Clari ication)
6. Af idavit of the Corporate Secretary (Anti-Dummy Law/One
and the Same/Auditor);
7. General Formal for Financial Statements when the gross
revenue/total assets exceeds Five Million Pesos (P5,000,000)
8. OGA’s Acknowledgement on Functional Currency
1. Requests corporate records at 1. Receives request, None 45 minutes Administrative Of icer II
the Records Unit retrieves the corporate Administrative Assistant II
records and checks the Administrative Assistant I
1.1 If request is made thru reports submitted
form forwarded by 1.1 If reports are not
Records Unit, returns current, advises
the accomplished client to submit
request form thru lacking reports irst
email which may
include scanned copy 1.2 For corporations
of signed and with updated
notarized/authenticate reports, clients are
d Petition and its advised to follow-up
supporting documents within 16 days or
wait for the advice of
1.2 If request is made the specialist within
personally, secures 16 days.
number from the 1.2.1 Prints 5 minutes
guard on duty for the Document Index
Legal Unit then List from ODRS
proceeds to wait at the and endorses
112
Records Unit after request and
securing a number corporate
from the Records Unit records to
for the retrieval of Specialist
corporate records
1.3 Determines Within 16 working Securities Specialist III
compliance, de iciencies days from date of Securities Specialist II
and violations, if any. request Securities Specialist I
1.3.1 If no violations
or de iciencies
are noted, a
Monitoring Sheet
re lecting
compliance is
issued. (Process
proceeds to
agency action 4.)
1.3.2 If not
compliant,
contact the client
to inform
him/her of
indings of
non-compliance.
2. Client reviews indings of SEC 2. Presents the indings to 30 minutes Securities Specialist III
either in person or thru email the applicant Securities Specialist II
113
2.1. If there are
de iciencies (such as
lacking documents
or documents that
have to be
re-submitted), the
same have to be
complied with irst
before MS may be
issued.
2.2. If there are penalties

imposed and/or
indings that the
party needs only to
be informed of and
the client is
agreeable to the
indings presented,
the MS with penalty
indicated and PAF
will be issued and
handed personally
or thru email to the
client who will be
advised to pay
penalty at any of the
payment gateways
(Process proceeds
to Client step 3)
114
3. Pays the registration fee as Guidelines on the

indicated in the Payment Imposition of ines or
Assessment Form to any of penalties for
the payment gateways noncompliance with
(LandBank or SEC payment reportorial
portal through requirements;
https://espaysec.sec.gov.ph/ Memorandum
of 2009 (MC8-2009);
Amended rules
governing the
pro its of
corporation;
Memorandum
Circular No. 8, Series
of 1998 (MC8-1998);
and Of ice Order No.
298, Series of 2010
4. Returns Monitoring Sheet to 4. Attaches Monitoring None 5 minutes Administrative Assistant II
Records Unit with proof of Sheet to corporate ile Administrative Assistant I
payment and forwards
documents to Of ice of
the Director for review
and signature
4.1. Evaluates 15 minutes Director

monitoring sheet; if
115
in order, signs the
sheet
4.2. Forwards signed 5 minutes Con idential Assistant III

monitoring sheet
and corporate ile to
Records Unit for
release
5. Receives the signed 5. Presents MS copy of SEC None 5 minutes Administrative Assistant II
Monitoring Sheet for signature of claimant Administrative Assistant I
and subsequently
releases signed
Monitoring Sheet.
TOTAL Guidelines on the 16 days, 1 hour, 50
Imposition of ines or minutes
penalties for
noncompliance with
reportorial
requirements;
Memorandum
of 2009 (MC8-2009);
Amended rules
governing the
pro its of
corporation;
Memorandum
of 1998 (MC8-1998);
116
298, Series of 2010
117
19. Action on complaint for the Violation of the Right to Inspect/Reproduce
Corporate Books and Records
This service details the procedure and documentary requirements for the inspection and/or reproduction of corporate books
and records pursuant to SEC Memorandum Circular No. 25, Series of 2020.

Basic Requirements: For Complainant/s (3 original copies of All documentary requirements are to be provided by the parties.
Veri ied Complaint with supporting documents and an
additional copy per Respondent)
1. Veri ied Complaint

2. Certi ication Against Forum Shopping duly signed by the
complainant
3. An Af idavit duly signed by the complainant alleging the
attestations required in Section 3.e. i-iii of MC 25, Series of 2020
4. Supporting documents
Basic Requirements: For Respondent/s (3 original copies of

Veri ied Answer with supporting documents)
118
1. Veri ied Answer and its attachments
1. (Complainant) Proceeds to 1. Physically receives the None 5 minutes Con idential Assistant III
Of ice of the Director for the veri ied complaint with
presentation of the Veri ied necessary attachments and
Complaint and its attachments supporting documents.
1.1. Requests for party’s 5 minutes

contact details and
advises to follow-up
within three (3) working
days for the result of
pre-processing.
1.2 Forwards the
veri ied complaint to the
Director.
1.3 Assigns the case to 4 hours Director
the Securities Counsel.
1.4 Assesses the 7 working days Securities Counsel II
allegations in the Securities Counsel I
complaint and the
completeness of the
submitted requirements.
1.4.1 If the submitted
documents are
incomplete or not
compliant with the
119
requirements,
processor contacts
complainant or
representative
through email or call
of the outcome of the
review of the
documents.
1.4.2 If documents
are in order pursuant
to MC 25, Counsel
issues Payment
Assessment Form and
informs client of its
availability through
phone or email with
advice to pay
assessed fees at
Landbank or thru
Espaysec
2. (Complainant) Pays the Filing Fee - P

registration fee as indicated in 10,130.00 inclusive of
the Payment Assessment Form Legal Research Fee
to any of the payment gateways and Documentary
(LandBank or SEC payment Stamp Tax
portal through
120
3. (Complainant) Proceeds to EO 3. Receives the veri ied None 25 minutes Computer Operator
Receiving Counter for complaint and its Receiving Of icer
presentation of approved attachments with proof of
documentary requirements with payment of the iling fees
proof of payment and advises client to wait
for the advise of the
Securities Counsel either
through phone or email.
3.1 Forwards the

veri ied complaint and
its attachments with
proof of payment of the
iling fees to the
Director.
3.2 Dockets the case and
2 hours Director
returns documents to
handling Securities
Counsel.
3.3 Prepares and signs within 5 working Securities Counsel
the Summons to the days from the iling
Respondent/s including of the veri ied
preparation of its complaint
mailing.
4. (Respondent) Files Veri ied 4. Receives the Veri ied None 25 minutes Con idential Assistant III
Answer within ten (10) calendar Answer iled by the
days from receipt of Summons. respondent/s and its
121
attachments and advises
client to wait for the advise
of the Securities Counsel
either through phone or
email.
4.1 Receives and studies
within 12 days from Securities Counsel
the Papers of both
receipt of last
parties, drafts Order
required pleading
resolving the case
4.2 Reviews the Draft within 5 days from Director
Order. receipt of Draft
Order
4.2.1 If there are
corrections, return
the Draft Order to the
handling lawyer.
4.2.2 Handling lawyer 3 days Securities Counsel
makes the necessary
corrections
4.2.3 If there are no
corrections, returns
draft to handling
lawyer for
inalization of the
Order.
4.3 Final review and
signs Order. 2 days Director
122
4.4 Prepares mailing
letters 2 hours Securities Counsel
4.5 Mails the Order to
the parties
1 day Administrative Assistant I
5. (Complainant and/or 5. Receive and study the within 13 days from Securities Counsel
Respondent) Submit Veri ied VSA/s. receipt of last VSA
Status Account (VSA), when
applicable, in compliance with 5.1 Draft Resolution on
the Order issued by the Of ice. the submission of the
VSA/s
5.2. Review the draft within 5 days from Director

Resolution. receipt of Draft
Resolution
5.2.1 If there are
corrections, return
the Draft Order to the
handling lawyer.
5.2.2 Handling lawyer
makes the necessary 3 days Securities Counsel
corrections
5.2.3 If there are no
corrections, returns
draft to handling
lawyer for
inalization of the
Order.
123
5.3 Final review and
signs Order. 2 days Director
5.4 Prepares mailing
letters
2 hours Securities Counsel
5.5 Mails the Order to the
parties 1 day Administrative Assistant I
TOTAL Filing Fee - P For Complaint

10,130.00 inclusive of Proper:
Legal Research Fee 12 days, 6 hours,
and Documentary 35 minutes
Stamp Tax
For Issuance of
Final Order:
23 days, 2 hours,
25 minutes
For Issuance of
Resolution on VSA:
24 days, 2 hours
Periods are based on

MC 25, Series of 2020
124
20. Action on Dissolution of Corporations under Section 134 of the Revised
Corporation Code
This service details the procedure on the application for voluntary dissolution of a domestic corporation under Section 134 of
the Revised Corporation Code where no creditors are affected taking into consideration the guidelines set forth in SEC
Memorandum Circular No. 5, Series of 2022.

Basic Requirements: To be prepared and/or provided by the Company (refer to MC No.
5 series of 2022 for the contents)
1. Veri ied request for Dissolution
2. Certi ication against Forum Shopping
3. Board resolution or directors’/trustees’ certi icate
authorizing the dissolution and designating an authorized
representative
4. Audited Financial Statements as of the last iscal year
stamped received by SEC and BIR, EXCEPT:
i. Where the applicant has ceased operations of at least one
125
a) Audited Financial Statements as of the last iscal year
of operation; and
ii. Where the applicant has no operation since incorporation,
it shall submit:
and President;
iii. Where the applicant corporation is (stock or non-stock)
with total assets or liabilities of less than P600,000, it shall
submit its Balance Sheet as of last preceding iscal year
certi ied under oath by the President and Treasurer
5. Certi ication under oath by the President and Treasurer
certifying that: i. the dissolution is not prejudicial to the interest
of the creditors; and ii. there is no opposition from any
creditors from the time of the publication of the notice of
dissolution up to the iling of the application for dissolution with
the Commission
7. Publisher’s Af idavit of publication of the notice of meeting
8. Secretary’s Certi icate on non-existence of intra-corporate
dispute
10. Latest due General Information Sheet
126
1. Requests for dissolution 1. Receives accomplished None 45 minutes Administrative Of icer II
of corporation at the Records request form and Administrative Assistant II
Unit dissolution documents. Administrative Assistant I
Informs party that the
1.1. If request is made Processor/Legal Unit will
thru email, applicant ills up inform them through email,
request form forwarded by text message or call of the
Records Unit, returns the outcome of the review of
accomplished request form documents.
thru email which may
already include scanned 1.1 Retrieves and
copy of required documents endorses corporate
under the MC records and
documents to the
1.2. If request is made Securities Counsel
personally, secures number
from the Records Unit for
the retrieval of records and
endorses documents
2. Client receives information 2. Examines whether the None 10 days Securities Counsel II
personally or thru call, text documents submitted are Securities Counsel I
message or email, of the complete in form and in
outcome of the evaluation. substance
issues a list for
client of de iciencies
personally or thru
phone call , text
127
message, email, and
returns the documents
for compliance on
assigned day.
2.2 If compliant,
10 minutes
forwards the documents
to the Director for
review.
2.3 Director either notes 4 days Director
for payment or for
compliance If for
compliance, returns
application to
Processing lawyer
2.4 Issues Payment 2 hours Securities Counsel II
Assessment Form and Securities Counsel I
informs client of its
availability through
phone or email with
advice to pay assessed
fees at Landbank or thru
Espaysec
3. Pays the registration fee as Petition Fee –
Assessment Form to any of the Legal Research Fee
payment gateways (LandBank –P30.00
Over-the Counter or SEC Documentary Stamp
Tax– P30.00
128
payment portal through Handling Fee –
https://espaysec.sec.gov.ph/ P20.00
4. Proceeds to Receiving Counter 4. Receives and veri ies 10 minutes Computer Operator
for presentation of approved documentary requirements
documentary requirements with and proofs of payment
proof of payment
5. Submits the complete and 5. Receives the complete None 15 minutes Securities Counsel II
approved application application requirements and Securities Counsel I
requirements, stamped received, advises the client when to (15 day waiting
to the Processing lawyer follow up its Certi icate. As period as per MC not
per MC, advises client of to be counted as part
waiting period of 15 days of processing time)
from receipt of Veri ied
Request to be observed for
a written withdrawal of the
dissolution.
5.1 Forwards the

together with the
Records Unit, if ifteen
(15) days from receipt
of the Veri ied Request
for Dissolution no
withdrawal of request
for dissolution was
iled, for recording.
129
5.2 Records Unit 5 minutes Administrative Assistant II
forwards recorded Administrative Assistant I
corporate ile and
for the preparation of
the Certi icate.
within 6 hours from Con idential Assistant III
receipt
of Dissolution
5.4. Signs the Certi icate within 8 hours from Director
of Dissolution receipt

Approved application
with Certi icate to the
Releasing Unit.

the Releasing Unit on assigned released certi icates and Administrative Assistant I
time, signs in logbook of certi icate copy of SEC for
documents released and on SEC signature of claimant and
copy of certi icate and receivessubsequently releases
the signed Certi icate signed Certi icate and
attached documents
TOTAL Petition Fee – 14 days, 17 hours,
P3,000.00 35 minutes
Legal Research Fee
–P30.00
130
Documentary Stamp
Tax– P30.00
Handling Fee –
P20.00
131
21. Application of Domestic Corporations under Section 136 of the Revised
Corporation Code where the proposed expiration of the corporate term is
less than one year from approval by SEC
This service details the procedure on the application for dissolution of a domestic corporation under Section 136 of the
Revised Corporation Code where the proposed expiration of the corporate term is less than one year from approval by SEC of
the application, taking into consideration the guidelines set forth in SEC Memorandum Circular No. 5, Series of 2022.

Basic Requirements: To be prepared and/or provided by the Company
1. Cover sheet
2. Directors’ Certi icate for Stock Corporation / Trustee’s
Certi icate for non-stock corporation, attesting that:
i. the dissolution by shortening of corporate term was
approved by majority of the board of directors/trustees and
rati ied by at least 2/3 vote of the stockholders representing
the outstanding capital stock including the holders of
non-voting shares/members of the corporation; ii. date and
place of the stockholders’ or members’ meeting; and iii. the
132
tax identi ication number of the signatories which shall be
4. Audited Financial Statements as of the last iscal year
stamped received by SEC and BIR, EXCEPT:
i. Where the applicant has ceased operations of at least one
a) Audited Financial Statements as of the last year of
operation; and
it shall submit:
and President;
iii. Where the applicant corporation is (stock or non-stock)
with total assets or liabilities of less than P600,000, it shall
submit its Balance Sheet as of last preceding iscal year
certi ied under oath by the President and Treasurer
5. Af idavit under oath by the President and Treasurer
certifying that:
creditors; and
ii. there is no opposition from any creditors from the time of
the publication of the notice of dissolution up to the iling of
the application for dissolution with the Commission
7. Publisher’s Af idavit of publication of the notice of meeting
133
8. Secretary’s Certi icate of no pending case involving
1. Requests for dissolution of 1. Receives accomplished None 45 minutes Administrative Of icer II
corporation at the Records request form and Administrative Assistant II
Unit dissolution documents. Administrative Assistant I
Informs party that the
1.1 If request is made thru Processor/Legal Unit will
email, applicant ills up inform them through
request form forwarded by email, text message or call
Records Unit, returns the of the outcome of the
accomplished request form review of documents.
thru email which may
already include scanned 1.1 Retrieves and
copy of required endorses corporate
documents under the MC records and documents
to the Securities Counsel
1.2. If request is made
from the Records Unit for
the retrieval of partnership
partnership documents
134
2.1 If non-compliant, 10 minutes

issues a list for
personally or thru
phone call, text
message, email, and
for compliance on
assigned day.

Payment Assessment
of its availability
with advice to pay
assessed fees at
Landbank or thru
Espaysec
3. Pays the registration fee as If Stock Corporation

indicated in the Payment – PHP 1,040*
Assessment Form to any of the If Non-Stock
payment gateways (LandBank or Corporation – PHP
SEC payment portal through 540.00*
135
Handling fee –
P20.00
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
proof of payment
5. Submits the complete and 5. Receives the complete None 15 minutes Securities Counsel II
approved application application requirements Securities Counsel I
requirements, stamped received, and advises the client
to the Processing lawyer when to follow up its
Certi icate.
5.1 Forwards the 5 minutes

together with the
Records Unit for
recording.
5.2 Records Unit 5 minutes Administrative Assistant II

forwards recorded Administrative Assistant I
corporate ile and
136
for the preparation of
the Certi icate.
5.3. Prepares Certi icate within 6 hours from Con idential Assistant III
5.4. Signs the Certi icate within 2 days from Director


Approved application
with Certi icate to the
Releasing Unit.

the Releasing Unit on assigned released certi icates and Administrative Assistant I
time, signs in logbook of certi icate copy of SEC for
documents released and on SEC signature of claimant and
copy of certi icate and receivessubsequently releases
the signed Certi icate signed Certi icate and
attached documents
TOTAL If Stock Corporation – 5 days, 7 hours, 40
PHP 1,040* minutes
If Non-Stock
Corporation – PHP
540.00*
Handling fee – P20.00
*Inclusive of Legal
Research Fee of PHP
10.00 and
137
Documentary Stamp
Tax of PHP 30.00
138
22. Application for Petition for Revival of Expired Corporations
This service details the procedure on the application for revival of a corporation whose term had already expired pursuant to
the guidelines under SEC Memorandum Circular No. 23, Series of 2019.

Basic Requirements (1 original, 3 photocopies) Contents and format of the veri ied petition for revival of corporate
1. Veri ied Petition for Revival of Corporate Existence existence are provided in the SEC Memorandum Circular No. 23,
2. Photocopy of Petitioner’s Certi icate of Incorporation and series of 2019 which can be access through the following link:
Articles of Incorporation. http://www.sec.gov.ph/wp-content/uploads/2020/01/2019
3. Photocopy of Petitioner’s Certi icate (s) of Filing of Amended MCNo23n.pdf
Articles of Incorporation, with the respective Amended Articles
of Incorporation, if Petitioner’s Articles of Incorporation were
amended.
4. Revived Articles of Incorporation, consisting of Petitioner’s
latest Amended Articles of Incorporation and the proposed
changes in the corporate term to be effected by the revival,
which shall be underlined.
5. Petitioner’s duly accomplished General Information Sheet
(“GIS”) as of the date of expiration of its corporate term, or an
139
equivalent document, such as, but not limited to, the Secretary’s
Certi icate indicating the list of stockholders and of icers with
the corresponding stockholdings.
6. Notarized list of stockholders or members as of the date of
approval of the revival, stating their names, their nationalities,
and number of shares subscribed, amount subscribed and paid,
or the respective members’ contributions for nonstock
corporations, certi ied by the Corporate Secretary.
7. If there has been a change in the composition of the
stockholders or members since the expiration of Petitioner’s
corporate term, the GIS of the Petitioner as of the date of
stockholders’ or members’ approval of the resolution to ile the
Petition for Revival of its corporate existence, or the date of the
board of directors’ or trustees’ approval of the iling of the said
Petition, whichever is later.
8. Photocopy of the supporting evidence (e.g. Deed of Sale, with
the Certi icate Authorizing Registration, Deed of Assignment,
Death Certi icate of a stockholder/member) referred to in the
Reconciliation of the changes in the composition of the
stockholders or members.
9. Photocopy of Petitioner’s Audited Financial Statements as of
the date of expiration of its corporate term, and for the year
immediately preceding, as audited by an Independent Certi ied
Public Accountant.
10. Photocopy of Petitioner’s Audited Financial Statements as of
a date not exceeding one hundred twenty (120) days prior to
the date of iling of the Petition for Revival, and for the year
immediately preceding, as audited by an Independent Certi ied
Public Accountant.
11. Photocopy of the Of icial Receipt(s) for the Payment of the
Petition Fee and Filing Fee.
140
12. Upon iling of Petition for Revival of Corporate Existence
with the Commission:
a. Within ifteen (15) days from iling, Petitioner or its duly
representative, shall publish in a newspaper of general
circulation its Petition for Revival, stamped “Received” by the
Commission, with the corresponding docket number;
b. Within ifteen (15) days from publication, Petitioner
or its duly representative, shall ile with the Commission the
following pieces of evidence of the publication of the
Veri ied Petition for Revival in a newspaper of general
circulation
i. Af idavit of the Newspaper’s
Editor-in-Chief/Managing Editor/Content Editor
attesting to the fact of publication of the Petition for
Revival; and
ii. Actual Newspaper cutout of publication showing
the date and name of the newspaper, and all the pages
of the Petition with its attachments.
1. A favorable recommendation of the appropriate government
agency in the case of banks, banking and quasi-banking
institutions, preneed, insurance, and trust companies, NSSLAs,
pawnshops, corporations engaged in money service business,
and other inancial intermediaries, if applicable.
2. If petitioner’s corporate name has already been validly
reused, and is currently being used, by another corporation
duly registered with the Commission, Proof of Reservation of
Petitioner’s Proposed New Corporate Name.
3. If petitioner is an expired corporation which already availed
of re-registration, in accordance with SEC Memorandum
141
Circular No. 13, series of 2019, or other memorandum circulars
issued by the Commission pertaining to re-registration,
Certi ication, under oath issued by the Corporate Secretary of
the re-registered corporation stating that:
a. the re-registered corporation has given its consent to the
Petitioner to use its corporate name, and has undertaken to
undergo voluntary dissolution immediately after the issuance
of the Petitioner’s Certi icate of Revival; OR
b. the re-registered corporation has given consent to the
Petitioner’s to use its corporate name, and has undertaken to
change its corporate name immediately after the issuance of
the Petitioner’s Certi icate of Revival.
1. Requests for revival of 1. Receives accomplished None 45 minutes Administrative Of icer II
corporation at the Records Unit request form and checks Administrative Assistant II
email, applicant ills up 1.1 If no submission of
request form forwarded by MC28, advises client of
Records Unit, returns the lacking requirement.
accomplished request form
thru email which may 1.2 If with MC28
already include scanned submission, receives
copy of required documents revival documents and
under the MC informs party that
Processor will inform
1.2 If request is made through email or call of
142
from the Records Unit for outcome of review of
the retrieval of corporate documents.
revival documents 1.3. Retrieves corporate
records, and endorses
corporate records,
revival documents
and/or applicant to the
Securities Counsel.
issues a list for
personally or thru
phone call, text
message, email, and
for compliance on
assigned day.

Payment Assessment
of its availability
143
with advice to pay
assessed fees at
Landbank or thru
Espaysec
3. Pays the registration fee as P3,080.00, for

indicated in the Payment Petition Fees
Assessment Form to any of the
payment gateways (LandBank or Filing Fee for the
SEC payment portal through extension of term of
https://espaysec.sec.gov.ph/ existence computed
based on the present
authorized capital
stock of the company
(for stock
corporations)
pursuant to SEC
Memorandum
of 2017.
proof of payment
5. Submits the complete and 5. Checks documents are 15 minutes Securities Counsel II
approved application all stamped received. Securities Counsel I
requirements, stamped received,
to the Processing lawyer
144
5.1 Proceeds to Of ice of 5 minutes
Director to Docket the
veri ied petition.
5.2 Returns to the 5 minutes

applicant representative
one (1) copy and its
for publication in the
newspaper
6. Submits evidence of the 6. Receives the evidences of None 30 minutes Administrative Assistant II
publication of the Veri ied the publication and Administrative Assistant I
Petition for Revival in a forwards to the assigned
newspaper of general lawyer of the case. Informs
circulation. party that Processor will
inform through email or
call of outcome of review
of the submitted
documents.
6.1. Assigned lawyer 1 day Securities Counsel II

assesses evidence of the Securities Counsel I
publication and informs
the applicant that the
petition for revival will
be presented to the En
Banc and that he/she
will be informed thru
email or phone call of
the availability of the
145
Order once available for
release.
6.2. Drafts Order and 7 days

transmittal memo to
Head Of ice for En Banc
approval.
6.3. Forwards corporate 5 minutes

ile, petition documents
and draft Order and
transmittal memo to
Of ice of Director for
review.
6.4. Reviews petition and 3 days Director

its supporting
documents, and reviews
the Draft Order and
transmittal memo and if
in order, signs the
transmittal memo,
otherwise, the
to processor/handling
lawyer for correction
and/or review
6.5. Emails and mails 30 minutes

through courier the
146
Draft Order,
Memorandum and its
to Head Of ice.
7. Receives Order of Revival and 7. Presents logbook of None 5 minutes Administrative Assistant II
Certi icate of Revival released certi icates and Administrative Assistant I
certi icate copy of SEC for
signature of claimant and
subsequently releases
signed Order and
Certi icate and attached
documents
TOTAL P3,080.00, for 18 days, 2 hours, 35
Petition Fees minutes
Filing Fee for the (period does not include

approval me of En
extension of term of Banc)
existence computed
based on the present
authorized capital
stock of the company
(for stock
corporations)
pursuant to SEC
Memorandum
of 2017.
147
148
SEC-ZAMBOANGA EXTENSION OFFICE
CITIZEN’S CHARTER
2023, 2nd EDITION
2/F J. V. Bldg., San Jose Panigayan St.

Zamboanga City
TABLE OF CONTENTS
9. Registration of Corporations through the Electronic Simpli ied Processing of Application for Registration of Companies (eSPARC)
under Manual Processing 45
10. Registration of Corporations with less than 5 Incorporators thru eSPARC 51
11. Registration of One Person Corporation (OPC) thru eSPARC 55
13. Receiving of Reports through SEC eFAST 62
14. Dissolution 64
15. Petition to Set Aside Order of Revocation or Suspension 69
16. Petition for Correction of Entries in the Articles of Incorporation 74
1
Corporations
Division & Department/Of ice SEC-Zamboanga Extension Of ice (SEC-ZEO)

Classi ication Simple (3 days) Complex (7 days)
Who may avail SEC Client/ Stakeholders/ Others, please specify: All registered domestic corporations through
Customers their Authorized Representatives

Basic Requirements (STOCK OR NON-STOCK CORPORATIONS) 1 May secure Checklist of requirements and sample formats from the Public
set original and 3 sets photocopies Assistance and Complaint Desk or through the Commission’s website at
1. Amended Articles of Incorporation/By-laws To be provided by the Company
2. Directors` or Trustees` Certi icate - notarized and signed by ZEO Public Assistance or
majority of the directors or trustees and the corporate secretary, Downloadable at the SEC website through the following URL:
certifying (i) the amendment of the Articles of Incorporation and
indicating the amended provisions, (ii) the vote of the directors or Directors’ Certi icate -
trustees and stockholders or members, (iii) the date and place of http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certi icate.pd
the stockholders` or members` meeting; and (iv) the tax f
identi ication number of the signatories which shall be placed
below their names Trustees’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi icate.pdf
2. Notarized Secretary's Certi icate on no pending case of ZEO Public Assistance or
2
Downloadable at the SEC website through the following
URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_
Non
Existence_Corp_Dispute.pdf
4. Monitoring Clearance SEC-Zamboanga Extension Of ice
i. -For Investment company, Financing and Lending companies, Corporate Governance and Finance Department (CGFD)
issuers of proprietary or non-proprietary membership (i.e.
golf clubs), listed and public companies and foundation (1
original copy)
ii. -For Capital Market Institutions (i.e. Exchange, Broker, Dealer, Markets and Securities Regulation Department (MSRD)
Investment House (1 original copy)
2. Endorsement from other government agencies, if applicable (1 GOVERNMENT AGENCIES
original copy)
A. Banks, Pawnshops and other Financial Intermediaries with Quasi-Banking
Functions - Bangko Sentral ng Pilipinas
B. Insurance/Mutual Bene it Association/ Health Maintenance Organization-
3. If the provision to be amended is the corporate name, submit:
i.Name Veri ication Slip (1 original) Name veri ication slip may be secured manually through the ZEO name
ii.Af idavit of a director, trustee or of icer undertaking to change veri ication of icer
corporate name. (Not required if already stated in the Al) May secure copy from the ZEO Public Assistance Desk
4. If the provision to be amended is for registered corporations May secure copy from the Public Assistance and Complaint Desk or may
increasing its foreign equity to more than 40%, submit: F-101 download through SEC Website at
5. If the provision to be amended is for registered corporations with May secure copy from the Public Assistance and Complaint Desk or may
more than 40% increasing further the percentage of such equity, download through SEC Website at
submit: F-102 http://www.sec.gov.ph/forms-and-fees/primary-registration/
3
RESPONSIBLE
1. If corporate name is for
amendment: 1. Approves or denies proposed P100.00 per proposed 10 minutes Name Veri ication
1.1. Fills out Name name/s or trade name/s corporate/trade name/s Of icer/COS
Veri ication Forms
(Veri ies, reserves or 1.1. Approves or denies 15 minutes
company name with or appeal for the proposed
without trade name/s) name/s or trade name/s
for the proposed
corporate name
2. Veri ies completeness of

2. Proceeds to EO Processor amendment requirements None 5-10 minutes EO Frontline Staff/
for presentation of 2.1. If documents are COS
documentary requirements complete:
2.1.1. Endorses
documents to EO
Processor
incomplete:
2.2.1. Returns documents
to clients for
compliance
4
RESPONSIBLE
3. Waits for the corporation’s 3. Advises the client to follow
name to be called by the up the application Securities Specialist
assigned EO Processor 3.1. Processes and evaluates II/
application for 1-2 working days Securities Specialist I
amendment per application
3.2. If compliant, issues Payme None (depending on the
3.3. If non-compliant, issues complexity of the Securities Counsel I/
a checklist for application) Securities Counsel II
compliance
4. Secures Payment Filing Fee: Amendment of

Assessment Form (PAF) Veri ies and validates proof of Articles of Inc SEC Cashier
and Pays the iling fee via payment (AAI)-P1,060.00 Amendment
the Electronic System for of By-Laws
Payment to SEC (ABL)-P1,060.00
(eSPAYSEC) at
*AAI : P1,000.00
https://espaysec.sec.gov.ph/ *Legal Research Fee-
1% of the Filing Fee for
amendment: P10.00
*Handling Fee: P20.00
*Documentary Stamp Taxes
(DST): P30.00
Amendment by increasing
foreign equity FIA forms
(P3,000.00 with LRF of
P30.00, Handling Fee- P20.00
and DST-P30.00)
5
RESPONSIBLE
5. Waits for the issuance of 5. Prepares the Certi icate of

signed Certi icate Amended Articles of None 20 minutes EO Frontline Staff/
Incorporation and/or By-laws COS

Amended Articles of 20 minutes EO Director
By-laws
5.2. Encodes signed

Certi icate of Amended 10 minutes COS
and/or By-laws
6. Proceeds to EO Counter for

presentation of the original 6. Releases signed Certi icate of
proof of payment and Amended Articles of None 5 minutes EO Frontline Staff/
receives the signed Incorporation and/or By-laws COS
Certi icate of Amended
and/or By-laws
TOTAL 3 Days
6
Division & Department SEC-Zamboanga City Extension Of ice (SEC - ZEO)
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All registered partnerships through their Authorized
Stakeholders/ Customers Representatives.

Basic Requirements (1 set original and 3 sets May secure Checklist of requirements and sample formats from the Public
photocopies) Assistance and Complaint Desk, Of icer of the Day of the Corporate and Partnership
Registration Division or through the Commission’s website through URL
1. Cover Sheet ZEO Public Assistance or

http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_for_Amendment.p
df
A. Banks, Pawnshops and other Financial Intermediaries with Quasi-Banking
1. Endorsement from other government agencies, if Functions - Bangko Sentral ng Pilipinas
applicable (1 original) B. Insurance/Mutual Bene it Association/ Health Maintenance Organization-
7
If the provision to be amended is the partnership name,
submit:
1. Name Veri ication Slip (1 original) Name veri ication slip may be secured manually through the SEC EO by the verifying
of icer
2. Af idavit of a partner to change partnership name.
(Not required if already stated in the AP) May secure copy from ZEO Public Assistance Desk
If the provision to be amended is the change of partners,
submit:
1.Deed of Assignment of partnership interest and or
documents showing withdrawal, resignation, retirement Assignee and Assignor Partners
and death of a partner (1 original; 3 photocopies)
If provision for amendment is to have foreign equity of a May secure copy from the Public Assistance and Complaint Desk or may download
registered partnership, submit: F-106 through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
If provision for amendment is to further increase the May secure copy from the Public Assistance and Complaint Desk or may download
foreign equity of a registered partnership, submit: F-107 through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/

RESPONSIBLE
1. If partnership name is for 1. Approves or denies
amendment: proposed name/s or P100.00 per proposed 10 minutes Name Veri ication
1.1. Fills out Name trade name/s corporate/trade name/s Of icer/COS
Veri ication Form (Veri ies,
reserves or company name 1.1. Approves or denies 15 minutes
with or without trade name/s) appeal for the proposed name/s
1.2 If name is rejected, or trade name/s
registrant may appeal for the
proposed partnership name
2. Proceeds to EO Processor for 2. Veri ies completeness of
presentation of documentary amendment requirements
requirements None 5-10 minutes EO Frontline Staff/
2.1 If documents are complete: COS
8
RESPONSIBLE
2.1.1.Endorses documents to
EO Processor
2.2. If documents are incomplete:

2.2.1. Returns documents to
3. Waits for the partnership’s 3. Advises the client to follow up 1-2 working days Securities Specialist
name to be called by the the application per application II/
assigned EO Processor 3.1 Processes and evaluates None (depending on the Securities Specialist I
application for amendment complexity of the
3.1.1 If compliant, issues application)
Payment Assessment Form Securities Counsel I/
3.1.2. If non-compliant, Securities Counsel II
issues a checklist for compliance
9
RESPONSIBLE
4. Secures Payment Filing Fee:
Assessment Form (PAF) and 4. Veri ies and validates proof of Amendment of
Pays the iling fee via the payment Articles Partnership (AAP): SEC Cashier
Electronic System for Payment P2,070.00
to SEC (eSPAYSEC) at Filing Fee AAP -P2,000.00
Doc. Stamp -P30.00
https://espaysec.sec.gov.ph/ Legal Research Fee-
for amendment: P20.00
Handling Fee-P20.00
Amendment with
partnership/trade names,
with
additional P100.00 per
reserved corporate/trade
name/s
---Amendment with
P2,000.00 per Deed
10
RESPONSIBLE
5. Waits for the issuance of 5. Prepares the Certi icate of None 20 minutes EO Frontline Staff/
signed Certi icate Amended Articles of Partnership COS

Amended Articles ofArticles of 20 minutes EO Director
Partnership
5.2. Encodes signed

Certi icate of Amended Articles 10 minutes COS
of Partnership
6. Proceeds to EO Counter for 6.Releases signed Certi icate of None 10 minutes EO Frontline Staff/
presentation of the original Amended Articles of Partnership COS
proof of payment and receives
the signed Certi icate of
Amended Articles of
Partnership
TOTAL 3 Days
11
Ownership
of Ownership.
Division & Department SEC Zamboanga City Extension Of ice (SEC - ZEO)
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Partnerships and Corporations duly recorded and
Stakeholders/ Customers registered at Securities and Exchange Commission, respectively.

1. Duly accomplished request form ZEO Public Assistance
2. List of stockholders certi ied under oath by the Corporate
Secretary showing the present capital structure of the Company To be provided by the Company
(Names of stockholders, nationality, no. of shares and amount
subscribed, amount of paid-up capital)
3. Secretary’s Certi icate on non-existence of intra-corporate http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_
dispute NonExistence_Corp_Dispute.pdf
4. Audited Financial Statements as of the last iscal year, stamped To be provided by the Applicant
received by SEC and BIR
5. Audited Interim Financial Statements, in case there is/are
payment/s to unpaid subscription/s or additional issuance of External Auditor to be engaged by the Company
12
infusion made after the iscal year or after the approval of the
increase in capital stock not covered by item 4, to be received by the
EO after the application has been reviewed by the Securities
Counsel I
6. Monitoring Clearance SEC-ZEO
7. Stock and transfer book of the corporation (to be presented for To be provided by the Applicant
veri ication)

PAID TIME
1. Submits the requirements 1. Receives and records the

to the Frontline Staff/ application for pre-processing
COS for pre-processing None 10 minutes Frontline Staff/
1.1 For irst time applicants,
COS
Assigns the application to an EO
records the date of submission and
forwards the application to the
assigned ZEO Specialist

documents submitted are complete
Securities Specialist II/
in form and in substance.
complete and in order, the Securities
Securities Counsel I/
Counsel I prepares Final Report and
submits it to the ZEO Director for
review
1.2.2. If the application is for
compliance, the processor prepares a
checklist of de iciencies and informs
13
PAID TIME
and returns it to the applicant. Go to
Step 1*
1.3. Evaluates the inal report ZEO Director

and reviews the recommendation of
the Securities Counsel I
1.3.1. If approved for iling,

orders the ZEO Specialist to issue
Payment Assessment Form (PAF)
1.3.2. If not approved, returns
the application to the Specialist. Go
to Step 1.2.
2. Receives the Payment 2. Prepares and issues Payment Securities Specialist II

Assessment Form Assessment Form (PAF) to the None 5 minutes Securities Specialist I
applicant
*PHP 1,040 per
3. Pays the iling fee via the 3. Veri ies and validates proof of certi icate
Electronic System for Payment payment *Inclusive of SEC Cashier
to SEC (eSPAYSEC) at Legal Research
Fee of PHP 10.00
https://espaysec.sec.gov.ph/ and
Documentary
Stamp Tax of
PHP 30.00
4. Submits complete 4. Receives complete application 10 minutes Administrative Assistant II

application requirements requirement and validated PAF
for processing together
with the validated PAF 4.1. Receives the Audited
4.1. In case wherein the Interim Financial Statements and None 10 minutes Administrative Assistant II
14
PAID TIME
basis for certi ication is other documents
Audited Interim 4.2. Prepares Certi icate of
Financial Statements, Paid-up Capital 10 minutes Administrative Assistant II
submits the Audited 4.3. Signs the Certi icate of
Interim Financial Paid-up Capital 10 minutes ZEO Director
Statements then 4.4. Records the approved
proceeds to Step 5 Certi icates of Paid-up Capital 10 minutes Frontline Staff/COS
5. Proceeds to ZEO Counter 5. Releases the signed Certi icate of

for presentation of the Paid-up Capital None 5 minutes Administrative Assistant II
original proof of payment
and receives the duly signed
Certi icate of Paid-up
Capital
6. None 10 minutes Frontline Staff/COS
TOTAL P1,040.00 1 hour & 20

mins.
15
Division & Department SEC-Zamboanga Extension Of ice (SEC - ZEO)

Of ice:
Classi ication: Highly Techinical (20 days)
Who may avail: Target SEC Clients/ Others, please specify: Corporations duly registered at Securities and Exchange
Stakeholders/ Customers Commission.

http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_for_Amendm
ent.pdf
2. Certi icate of Increase of Capital Stock No Prescribed format. To be prepared by the Company in accordance with the
Revised Corporation Code (Sections 15 and 37)
3. Treasurer’s Af idavit No prescribed format. To be prepared by the Company in accordance with
Section 37 of the Revised Corporation Code
EO Public Assistance or
4. Directors’ Certi icate/Trustees’ Certi icate Directors’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certi icate.pdf
16

6. List of stockholders of record as of date of meeting approving
the increase, indicating their nationalities and their To be prepared by the Company
respective subscribed and paid-up capital on the present
authorized capital stock certi ied under oath by the corporate
secretary
EO Public Assistance or Downloadable at SEC website through the following
7. Secretary’s Certi icate on non-existence of intra-corporate URL:
dispute http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_No
nExistence_Corp_Dispute.pdf
8. Secretary’s Certi icate on waiver of pre-emptive rights of EO Public Assistance or Downloadable at SEC website through the following
non-subscribing shareholders URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_Wa
iver_Pre_emptive_Rights.pdf
9. i. AUDITED FINANCIAL STATEMENTS as of the last iscal year
stamped received by BIR and SEC, if payment for subscription To be provided by the company
is already re lected therein)

a) listed companies; For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable
b) public companies de ined in the Securities Regulation at SEC website through the following URL:
Code; http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.pdf
than P50,000,000.00
Otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath among
stockholder/s, treasurer and president for the corporation,
stating the number of additional shares subscribed to and
paid for.
17
a) Notarized Certi ication on payment for subscriptions to be
signed by majority of the rural bank’s Board of Directors in
accordance with the form required by BSP
subscribed and paid-up amount before and after the increase
and the list of subscribers to the increase with their
respective subscription and payment as presented and
approved by BSP annexed to the notarized certi ication
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.F-100.pdf
Act***
11. Endorsement/Clearance, if applicable Respective SEC Department/s or other regulatory Government Agencies
13. Others

TIME
1. Secures a number from 1. Calls the number assists the None 5 minutes Frontline Staff/
the guard on duty client COS
2. Records the application for None Frontline Staff/COS
2. Submits the -pre-processing
requirements to the
Frontline Staff/COS for 2.1. For irst time applicants, 3-5 working days Monitoring Of icer
pre-processing Assigns the application to
an ZEO monitoring of icer

records the date of Securities Specialist II/
submission and Securities Specialist I
forwards the
application to the
18
TIME
assigned ZEO
processor
2.1.2. Advises the client Securities Counsel I/

when to follow up the Securities Counsel II
application
2.2. Examines whether the Securities Specialist II

documents submitted are Securities Specialist I
substance.
complete and in
order, the Specialist
prepares Final Report
and submits it to the
Director for review.

compliance, Specialist
de iciencies and
informs and returns it
to the applicant. Go to
Step 1
2.3. Reviews the inal report Securities Counsel II/

the specialist to issue
Payment Assessment
19
TIME
Form (PAF)
returns the
application to the
specialist. Go to Step
2.3.2
3. Prepares follow-up slip 3. Receives the follow-up slip form

form (available at the and forwards it to the assigned None 30 minutes Frontline Staff/COS
Guard’s station) and Specialist
submits to Counter
Of icer
4. Receives the Payment 4. Prepares and issues Payment None 10 minutes Securities Specialist II
Assessment Form Assessment Form (PAF) to the Securities Specialist I
applicant
5. Pays the iling fee 1. Amended Articles
via the Electronic System of Incorporation –
for Payment to SEC P1,060*
(eSPAYSEC) at 2. Increase of Capital
Stock -
https://espaysec.sec.gov **For corporation
.ph/ with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
20
TIME
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
1% of the computed
iling fee for Increase
of Capital Stock but
not less than P10.00
4.Documentary
Stamp tax of P30.00
5.Handling
Fee-P20.00
P10.00, HF- 20.00
and DST-30.00
***For Corporations
- Additional P3,080*
6. Presents complete 6. Receives complete ICS None 10 minutes Frontline Staff/COS
documents to Processor documents
21
TIME
7. Submits complete 7. Receives the complete 2 hours Securities Specialist II/
application application requirements and Securities Specialist I
requirements for validated PAF and advises the
processing together with client when to follow up its status
the validated PAF in 4
sets 8.1. Encodes the details of the
Increase of Capital Stock None 20 minutes Frontline Staff/COS
in the system and
forwards the application
to the Securities Counsel
for inal check
8.2. Prepares Certi icate of

Increase of Capital Stock 5 minutes EO Director
and Amendment of
8.3. Signs and approves the

application None 10 minutes Securities Specialist II/
8.4. Forwards the approved
application to the 5 minutes
Releasing Unit
9. Waits for number/ 9. Calls the number/ corporate None 10 minutes Frontline Staff/COS
corporate name to be name and assists the client
called at the ZEO
Counter
10. Presents the Of icial 10. Receives the Of icial Receipt None 10 minutes Frontline Staff/COS
Receipt to the Frontline
Staff/COS
11. Receives the duly 11. Releases the duly approved None 10 minutes Releasing Of icer/
approved Certi icate of Certi icate of Increase of COS
22
TIME
Increase of Capital Stock Capital Stock and Amended
and Amended Articles of Articles of Incorporation
Incorporation
TOTAL 5-7 days
23
This service details the procedure on application for increase of capital stock by way: Conversion of advances/liabilities to
equity
1. Stock Dividends
3. Untitled Lands
6. Shares of stock
7. Motor Vehicle
9. Intangibles
10. Net assets

Of ice:
Who may avail: Target SEC Clients/ Others, please specify: Corporations duly registered at Securities and Exchange
Stakeholders/ Customers Commission.

BASIC REQUIREMENTS
1. Cover sheet ZEO Public Assistance or
24
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet
_for_Amendment.pdf
accordance with the Revised Corporation Code (Sections 15 and
37)
erti icate.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Ce
rti icate.pdf
6. List of stockholders of record as of date of meeting approving the increase,
indicating their nationalities and their respective subscribed and paid-up To be prepared by the Company
capital on the present authorized capital stock certi ied under oath by the
corporate secretary
7. Secretary’s Certi icate on non-existence of intra-corporate dispute EO Public Assistance or Downloadable at SEC website through
the following URL:
8. Secretary’s Certi icate on waiver of pre-emptive rights of non-subscribing EO Public Assistance or Downloadable at SEC website through
shareholders the following URL:
Certi icate_Waiver_Pre_emptive_Rights.pdf
9. If the foreign equity is increased to more than 40%, compliance with Downloadable at SEC website through the following URL:
registration under Foreign Investments Act*** http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_
No.F-100.pdf
25
Agencies
ADDITIONAL REQUIREMENTS depending on the mode of payment:

12.1. Audited Financial Statements (AFS) as of the last iscal year stamped To be provided by the company
received by BIR and SEC (if the advances are already re lected
therein)
12.2. A report to be rendered by an Independent CPA on the veri ication of For guidance, refer to Memorandum Circular No. 6 series of 2008
the advances to be converted to equity, if not re lected in item 12.1 downloadable at SEC website through the following URL:
6s2008.pdf
13. Stock Dividends
13.1. List of stockholders entitled to stock dividend with their respective To be provided by the Company
outstanding shares and the allocation of stock dividend certi ied by
13.2. Audited Financial Statements as of the last iscal year received by BIR To be provided by the Company
and SEC
13.3. Secretary’s Certi icate that on the basis of the computation of the
Finance Of icer, the allocation of stock dividends as indicated in the
Certi icate of Increase is in proportion to the shareholdings of To be provided by the Company
stockholders as of date of meeting approving the dividend
declaration or as of record date and the treatment of resulting
fractional shares, if any, are true and correct
13.4. Secretary’s Certi icate on the Board’s resolution to reverse the To be provided by the Company
appropriated retained earnings
13.5. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11
Series of 2008 downloadable at SEC website through the
following URL:
1s2008.pdf
26
14.1. Detailed schedule of property showing the registered owner, To be provided by the Applicant.
location, area, TCT/CCT no., tax declaration number and the basis of
transfer value (market value, assessed value or zonal value) certi ied
by the company accountant
14.2. Copy of TCT/CCT and tax declaration sheet certi ied by Register of To be provided by the Applicant.
Deeds and Assessor’s Of ice, respectively
14.3. Latest zonal valuation certi ied by BIR, if transfer value is based on To be provided by the Applicant.
zonal value
14.4. Appraisal report by a licensed real estate appraiser, if transfer value To be provided by the Applicant.
is based on appraised value (not more than 6 month old)
14.6. If property is mortgaged, submit mortgagee/creditor’s certi ication
on the outstanding loan balance and his/her written consent to the To be provided by the Applicant.
transfer of property
14.7. For assignment of buildings where assignor is not the owner of the To be provided by the Applicant.
land, submit the lease contract on the land and consent of the land
owner to the transfer
14.8. Certi ication from the transferor stating that the improvements are To be provided by the Applicant.
existing and in good condition
14.9. Af idavit of undertaking by an of icer of the corporation to submit the To be provided by the Applicant.
required proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
o.14-s2013.pdf
15. Untitled Lands
15.1. Certi ication of the Barangay Chairman where the property is located,
and at least two (2) adjoining property owners or possessors, To be provided by the Applicant.
attesting that the subject land had been in the possessor’s open,
peaceful, continuous and uninterrupted exclusive possession in the
concept of an owner for at least thirty (30) years and the possessor
had introduced improvements thereon, if any
15.2. Duplicate original or certi ied true copies of the tax declaration To be provided by the Applicant.
27
sheets
15.4. Af idavit by the transferor attesting continuous and open possession To be provided by the Applicant.
of the property is located
15.5. Af idavit of Non-Tenancy executed by Barangay Chairman of place To be provided by the Applicant.
where the property is located
15.6. Duplicate original or certi ied true copies of any deed, conveyance, To be provided by the Applicant.
mortgage, lease or other voluntary instrument affecting the property
recorded in the Register of Deeds for the province of city where the
land is situated
15.7. Af idavit executed by the transferor attesting to the:
15.7.1. Existence (or non-existence) of easements over the untitled
property To be provided by the Applicant.
15.7.2. Kind/description of the easement and its location
15.7.3. Whether the transferor is the dominant estate or the servient
estate, by virtue of such easements
15.8. Under oath undertaking of the transferor/subscriber to answer for
any liability that the corporation might incur by virtue of the To be provided by the Applicant.
15.9. Clearance or certi ication from the Department of Agrarian Reform
(DAR) attesting to the following:
15.9.1. There is no other claimant to the untitled land To be provided by the Applicant.
15.9.2. It has not issued any Certi icate of Land Ownership Award
(CLOA) over the property to any other party or
15.9.3. The land is exempt from the coverage of the Comprehensive
Agrarian Reform Program (CARP)
15.10. Blue Print Survey of the Plan as approved by the Bureau of Lands To be provided by the Applicant.
15.11. Detailed schedule of the property showing its registered owner,
location, area, tax declaration number and the basis of transfer value To be provided by the Applicant.
(market value/ assessed value / zonal value or appraised value)
15.12. Latest zonal valuation certi ied by BIR, if transfer value is based on To be provided by the Applicant.
zonal value
15.13. Appraisal report by authorized appraiser, if transfer value is based To be provided by the Applicant.
28
on appraised value (not more than 6 month old)
15.15. Af idavit of undertaking to submit certi ied true copy of the original To be provided by the Applicant.
certi icate of title in the name of the transferee-corporation within
one (1) year from the date of receipt of the approval of the
application
16.1. Detailed schedule of property showing the description and the basis To be provided by the Applicant.
of transfer value (market value or book value) certi ied by the
company accountant
16.2. Special Audit Report by an Independent CPA on the veri ication and To be provided by the Applicant.
valuation of property, if transfer value is based on book value
17.1. Detailed schedule of the property showing the description and the To be provided by the Applicant.
transfer value certi ied by the company accountant
17.2. Appraisal report by authorized appraiser (not more than 6 month To be provided by the Applicant.
old). If the property is imported, valuation report with description
of the property) by the Bangko Sentral Ng Pilipinas.
17.4. Certi ication from the transferor stating that the properties are To be provided by the Applicant.
existing and in good condition
18. Shares of Stock
18.1. Detailed schedule of the shares of stock showing the stockholder, To be provided by the Applicant.
stock certi icate number, no. of shares and the basis of transfer value
(market or book value) certi ied by the company accountant
18.2. Audited inancial statements of the investee company as of the last To be provided by the Applicant.
iscal year received by BIR and SEC
18.4. Certi ication by the Corporate Secretary of the investee company To be provided by the Applicant.
that the shares are outstanding in the name of the assignor
18.5. Photocopy of the stock certi icate (present original for veri ication) To be provided by the Applicant.
29
18.6. Latest market price quotation in the newspaper or certi ication To be provided by the Applicant.
from the stock exchange/broker as to latest market price of the
shares of stock (if listed in the Stock Exchange)
18.7. Af idavit of undertaking to submit the required proof of transfer To be provided by the Applicant.
within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
o.14-s2013.pdf
19. Motor Vehicles
19.1. Detailed schedule of the motor vehicle showing the registered To be provided by the Applicant.
owner, make/model, plate number, chassis number, motor number,
certi icate of registration number and market value certi ied by the
company accountant
19.2. Photocopy of certi icate of registration and of icial receipt of annual To be provided by the Applicant.
registration fee (present original for veri ication)
old)
19.5. Af idavit of undertaking by an of icer of the corporation to submit To be provided by the Applicant.
the required proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
o.14-s2013.pdf
19.6. Certi ication from the transferor stating that the motor vehicles are To be provided by the Applicant.
existing and in good running condition.
20.1. Detailed schedule of vessel/aircraft showing registered Owner, To be provided by the Applicant.
registry number, technical description and appraised value certi ied
by the company accountant
30
old)
20.4. Certi icate of seaworthiness/airworthiness issued by appropriate To be provided by the Applicant.
government agency
20.6. Af idavit of undertaking by an of icer of the corporation to submit the To be provided by the Applicant.
required proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
o.14-s2013.pdf
21. Intangibles
21.1. Photocopy of System Purchase Agreement or any proof of ownership To be provided by the Applicant
(for software)
21.2. Copy of Certi icate of Registration of Intellectual Property Rights and To be provided by the Applicant
mining permit for mining claims/rights
21.3. Appraisal report by an accredited appraisal company or by a licensed To be provided by the Applicant
Filipino mining engineer for mining claims/rights (not more than 6
months old)
21.5. Af idavit of undertaking by an of icer of the company to submit proof To be provided by the Applicant.
of transfer of ownership within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
o.14-s2013.pdf
22. Net Assets
22.1. Audited inancial statements (AFS) of the applicant corporation as To be provided by the Applicant
of the last iscal year received by BIR and SEC
22.2. Audited inancial statements of single proprietorship / partnership To be provided by the Applicant
/ division of corporation (for spin-off) as of last iscal year
22.5. List of creditors with the amount due to each creditor as of date of To be provided by the Applicant
the AFS certi ied by the auditor or certi ied under oath by the
31
company accountant and written consent of creditors
22.6. Detailed schedule of properties with certi icate of registration/titles To be provided by the Applicant
and their respective book values certi ied by the company
accountant
22.7. Photocopy of the certi icate of registration of the motor vehicles To be provided by the Applicant
(present original for veri ication)
22.8. Copy of TCT/CCT and tax declaration sheets certi ied by the Register To be provided by the Applicant
of Deeds and Assessor’s Of ice, respectively
22.9. Photocopy of stock certi icates (present original for veri ication) To be provided by the Applicant
22.10. DTI Certi icate of Registration (for single proprietorship) To be provided by the Applicant
22.11. Af idavit of undertaking by an of icer of the corporation to submit To be provided by the Applicant.
the required proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series
http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.14-s2013.pdf
1. Submits the 1. Receives and records the Frontline Staff
requirements application for
to the Frontline Staff for pre-processing
pre-processing
1.1. For irst time applicants, None 3-5 working days Securities Specialist II/
Assigns the application to EO Securities Specialist I
Processor
1.1.1 If for compliance, records

the date of submission and forwards
the application to the assigned EO
Specialist
2.1. Advises the client when to

32
substance.
2.2.1. If application is Securities Specialist II/

complete and in order, Securities Specialist I
the specialist prepares
Final Report and
submits it to the
Securities Counsel

de iciencies and
informs and returns it
to the applicant. Go to
Step 1
2.3. Reviews the inal report Securities Counsel I
2.3.1. If compliant, orders the

Specialist to issue
Payment Assessment
Form (PAF)
2.4. If not compliant, returns the

application to the Specialist.
Go to Step 2.3.
33
3. Prepares follow-up slip 1. Receives the follow-up slip form None 10 minutes Frontline Staff/COS
form (available at the and forwards it to the assigned
Guard’s station) and Processor
submits to Counter
Of icer
2. Receives the Payment 4. Prepares and issues Payment None 10 minutes Securities Specialist II/
Assessment Form Assessment Form (PAF) to the Securities Specialist I
applicant
5. Pays the iling fee 5. Receives and acknowledges 1. Amended
via the Electronic System payment Articles of
for Payment to SEC Incorporation –
(eSPAYSEC) at 5.1. Receives the complete P1,010* 20 minutes Frontline Staff/COS
application requirements Plus
https://espaysec.sec.gov.ph/ and validated PAF and 2. Increase of
advises the client when to Capital Stock -
follow up its status **For corporation
with par value –
5.2. Encodes the details of the 1/5 of 1% of the 30 minutes Securities Specialist II/
application in the system increase in capital Securities Specialist I
and forwards the stock but not less
application to the Support than P3,000.00 or
Staff the subscription
price of the
5.3. Prepares Certi icate subscribed capital 10 minutes COS
stock, whichever is
5.4. Signs and approves the higher 10 minutes EO Director
application **For corporation
without par value
5.5. Forwards the approved – 10 minutes Securities Specialist II/
application to the Releasing 1/5 of 1% of the Securities Specialist I
Unit increase in capital
stock computed at
P100.00 per share
34
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
3. LRF -equivalent
to 1% of the
computed iling
fee for Increase of
Capital Stock but
not less than
P10.00
4. Documentary
Stamp tax of
P30.00
*Inclusive of LRF
of P10.00, DST of
P30.00 and HF of
P20.00
***For
Corporations with
FIA Application -
Additional P3,080,
inclusive of LRF of
P30.00 DST of
P30.00 and HF of
P20.00
35
6. Secures a number from 6. Calls the number and assists the None 5 minutes Frontline Staff/COS
the guard on duty client
7. Presents the proof of None 10 minutes Frontline Staff/COS

payment to the Counter 7. Receives the Of icial Receipt
Of icer
8. Receives the duly 8. Releases the duly approved None 10 minutes Frontline Staff/COS
approved application application
TOTAL 7 days
36

Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Registered Partnerships, Domestic Corporations, and
Stakeholders/ Customers Licensed Foreign Corporations.

1. SEC FORM 2015-001 (1 Original) SEC-ZEO

2.1. Primary Licenses SEC-ZEO
2.2. Lending CGFD
2.3. Foundation
3. For Corporations with Secondary Licenses, attach the Articles Corporate Secretary or at www.secexpress.ph
of Incorporation or latest Amended Articles of Incorporation,
if any
4. For Partnerships, attach the Articles of Partnership or latest
37
1. Secures a queuing number 1. Calls the number and assists None 5 minutes Frontline Staff/COS
from the guard on duty the client
2. Waits for the processing of 2. Receives application 5 minutes Frontline Staff/COS
request
2.1. Evaluate attachments 5 minutes Administrative Assistant II
2.1. Receives the PAF and
pays the corresponding 2.2. Veri ies the status of
fee via the Electronic corporation through
System for Payment to CIS-URDB.
SEC (eSPAYSEC) at Administrative Assistant II
2.2.1. *If application is
Certi ication Fee – 30 minutes
https://espaysec.sec.gov.ph/ cleared, a Payment
P500
Assessment Form is
Documentary
issued to applicant
Stamp Tax – P30
2.2.2. ** If not cleared in
Certi ication
Issuance
System-Uni ied
Reference Database
(CIS-URDB),
instructs the
applicant to return
to the department
who encoded the
infraction.
2.3. Validates proof of

5 minutes SEC Cashier
payment.

No Derogatory Information
5 minutes Administrative Assistant II
through the CIS-URDB.
38
2.5. Reviews the application
and signs the Certi icate
of No Derogatory 10 minutes ZEO Director
Information.
3. Waits for name/ number to 3. Calls the number 5 minutes Frontline Staff/COS
be called
4. Releases the Certi icate of No
4. Receives the certi ication Derogatory Information to 5 minutes Frontline Staff/COS
the applicant.
TOTAL P530.00 1 hour and 15 mins.

39
Commission.

Of ice:
Who may avail: Target SEC Clients/ Others, please specify: All Government Agencies.

1. Submits the letter to the 1. Receives the letter request
Of ice of the Director None 5 minutes Frontline Staff/COS
through the ZEO Counter 1.1. Assigns and forwards to
concerned ZEO staff
2. Waits to process the 2. Prepares the requested

request documents and forwards to None 5 minutes Administrative Assistant II
the Administrative Assistant
II
2.1.1. *If plain copy, prints P10.00 per page 10 minutes per Assigned signatories for CTCs
the documents document
2.1.2. **If authenticated
40
copy, prints and 10 minutes Securities Counsel II
stamps the
documents
2.2. Prepares the letter reply

and/or Payment
and forwards the same
together with the
documents to the
authorized signatories
2.2.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government Service
Insurance System
(GSIS) and other
pro it-making
PAF
2.3. For non-pro it making

agencies, do not issue a ZEO Director
PAF
2.4. Signs the letter and/or

documents and forwards
Assistant II
41
3. Receives the transmittal 3. Transmits the signed letter

letter with attached reply with attached documents None 5 minutes per agency Administrative Assistant II
document/s
3.1. If the requesting party is

nearby SEC Extension
Of ice, personally call
the requestor to receive
the document/s
3.2. If the requesting party is

outside Zamboanga City,
transmits by
courier/express

letter reply with
attached PAF through
courier/express
TOTAL P10.00 per page 35 minutes
42

Of ice:

None None

PAID
1. Proceeds to ZEO Counter 1. Assists the client None Frontline Staff/
5 minutes COS
2. Presents concern/s, 3. Renders advice depending None

query or complaint on the nature of the 45 minutes Information Of icer
concern/query; or
complaint 3.1. Hands out the requested Securities Investigator
checklist of Securities Counsel I
requirements, guidelines, Securities Counsel II
43
PAID
or sample forms;
3.2. Refers to the appropriate

EO staff
3.3. Endorses written Securities Investigator

complaint to the Of ice of Securities Counsel I
the ZEO Director and Securities Counsel II
advises party to expect
feedback within three (3)
working days
44
9. Registration of Corporations through the Electronic Simpli ied
Processing of Application for Registration of Companies (eSPARC) under
Manual Processing
This service details the manual processing of registration of domestic corporations without secondary licenses upon the
submission of the application through the Company Registration System (CRS). This is to facilitate a faster evaluation of the
application without undergoing the entire online process of the Company Registration System (CRS).

Of ice:
https://secwebapps.sec.gov.ph/application

www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new2.pdf
45
● Articles of Partnership (for partnerships)
● Articles of Incorporation (for stock and non-stock corporations)
● Treasurer’s Af idavit (for stock corporation only)
● Foreign Investments Act Form 100 (for stock corporations with

more than 40% foreign equity) whose paid-up capital is CASH
● Af irmation (for Sole Corporations and Religious Societies)
*Please be informed to arrange in accordance with the order in

the checklist in 1 original and 2 photocopies

RESPONSIBLE
1. Creates an email account in 1. System sends veri ication None Applicant/Registrant
applicants to sign-in into the
facilities therein.
1.1. Email account

created
automatically
expires within 90
calendar days if
inactive.
2. Veri ies, reserves proposed 2. System performs initial None Applicant/registrant
company name with or without validation of proposed
trade name/s company name in accordance
46
RESPONSIBLE
with Memorandum Circular
2.1. Reservation of
proposed company name expires
on the 4th day if the proposed name
is not submitted for veri ication
2.2. Processor will

either
approve or disapprove the
application (until all indings are
complied with)
3. Starts illing out company details 3. System validates the company None Applicant/registrant
and submit forms on-line information encoded
4. Submits the hard copies of 4. Receives the application For stock 10 minutes Frontline Staff/
signed and notarized documents documents and assigns to a corporation based COS
processor on the authorized
capital stock:
4.1. Processes the With par value:
submitted application in 1/5 of 1% of the 30 minutes Securities Specialist
accordance with the Revised authorized capital II/
Corporation Code, Guidelines on stock but not less Securities Specialist I
Corporate names, Foreign than P 2,000 or the
Investments Act, Anti-Dummy Law subscription price
and other special laws and of the subscribed
applicable SEC rules and capital stock
regulations whichever is
higher
4.2. If compliant, Without par value:
processor issues a Payment 1/5 of 1% of the
Assessment Form (PAF). authorized capital
47
RESPONSIBLE
stock computed at
4.3. Required iling fees P100 per share but
based on Memo Circular No. 3, not less than P
series of 2017 2,000 or the issue
value of the
4.4. If non-compliant, subscribed capital
application will be returned to the stock whichever is
applicant with remarks of the higher
noted de iciencies. Upon
compliance, applicant may resend
application for another evaluation. By-Laws for both
stock and
non-stock
corporations: P
1,000
Articles of
Incorporation for
non-stock
corporation: P
1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax: P30.00
48
RESPONSIBLE
Legal Research Fee
(LRF): 1% of the
Filing Fee but not
less
than Ten Pesos
(P 10.00)
Handling fee
P20.00
5. Submits the proof of payment 5. Encode the Registration None 10 minutes Frontline Staff/
and documents Documents in CoRes COS
5.1. Of icially receives 30 minutes Securities Specialist

and stamps the hard copies of the II/
registration application, forwards Securities Specialist I
to COS for the generation of the
Certi icate of Registration
5.2. Approval of CORES 10 minutes Securities Counsel II/

5.3. Generation/
printing of 5 minutes Frontline Staff/
Certi icate COS
5.4. Final review of the

documents and 10 minutes EO Director
signing of the
Certi icate of
Registration
6. Presents proof of payment to the 6. Enters company name in the
Releasing Unit on assigned Masterlist and releases the 10 minutes Frontline Staff/
49
RESPONSIBLE
returned date, signs in logbook Certi icate together with COS
of documents released and registration application then
receives the signed Certi icate of stamps release the of icial
Registration receipt
TOTAL 1 to 3 working days
50
10. Registration of Corporations with less than 5 Incorporators thru
eSPARC
This service details the procedure on registration of corporations consisting of less than ive incorporators and/or with
partnership association or corporations as incorporators pursuant to Section 10 of the Revised Corporation Code (RCC).

Of ice:

1. Cover Sheet SEC-ZEO
2. Articles of Incorporation (for stock and non-stock corporations)
3. Treasurer’s Af idavit (for stock corporation only, optional if Treasurer’s
Certi icate in accordance with the RCC is incorporated in the Articles of
Incorporation (AI)) Computation of iling fee:
4. By-Laws (for stock and non-stock corporations) www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-n
5. Foreign Investments Act Form 100 (for stock corporations with more than ew2.pdf
40% foreign equity) whose paid-up capital is CASH
*Please be informed to arrange in accordance with the order in the checklist in 1

original and 2 photocopies
51
RESPONSIBLE
1. Creates an email 1. System sends veri ication None Applicant/Registrant
in eSPARC con irmation to allow applicants to sign-in
into the facilities therein.
1.1. Email account created

automatically expires within 90 calendar
days if inactive.
2. Veri ies, 2. System validates proposed company None Applicant/Registrant
reserves or appeals the name in accordance with Memorandum
proposed company Circular No. 13 series of 2019
name with or without
trade names 2.1 Reservation of proposed
company name expires on the 4th day
if in-forms are not illed up.
1.1. Processor will either approve or

disapprove the application (until
indings are all complied with)
3. Starts illing out 3.Systems validates the company None Applicant/Registrant
company details and information encoded
submit forms on-line
4. Submits the 4.Receives the application documents and For stock corporation based 10 minutes Frontline Staff/
hard copies of signed assigns to a processor on the authorized capital COS
and notarized stock:
documents With par value: 1/5 of 1%
of the authorized capital
stock but not less than P
2,000 or the subscription
price of the subscribed Securities Specialist
4.1 Processes the submitted capital stock whichever is 30 minutes II/
52
RESPONSIBLE
application in accordance with the higher Securities Specialist I
Revised Corporation Code, Guidelines on Without par value: 1/5 of
Corporate names, Foreign Investments 1% of the authorized capital
Act, Anti-Dummy Law and other special stock computed at P100 per
laws and applicable SEC rules and share but not less than
regulations. P2,000 or the issue value of
the subscribed capital stock
4.1.1. If compliant, processor whichever is higher 20 minutes
issues a Payment Assessment Form Articles of Incorporation for Securities Specialist
(PAF) non-stock corporation: II/
P1,000 Securities Specialist I
4.1.2. Required iling fees based By-Laws for both stock and
on Memorandum Circular No. 3, series of non-stock corporations: P
2017 1,000
Foreign Investments Act
4.1.3 If non-compliant, (FIA) Form 100:
application will be returned to the party P3,000.00
Company Name
Reservation: PHP 100.00

name/s:
P 100.00
Documentary Stamp Tax:
P30.00
Legal Research Fee (LRF):
1% of the Filing Fee but not
less than Ten Pesos (P10.00)
Handling fee: P20.00
5. Submits the 5. Encodes the Registration Documents Frontline Staff/COS
53
RESPONSIBLE
proof of payment and in CORES
documents
5.1. Of icially receives and stamps None 10 minutes Securities Specialist
the hard copies of the registration II/
application then forwards to 30 minutes Securities Specialist I
Administrative Assistant II for
generation of the Certi icate of
Registration
5.2. Approval of CORES 10 minutes

Securities Counsel II/
5.3. Generation/ printing of 5 minutes Securities Counsel I
certi icate Frontline Staff/COS
5.4. Final review of the documents 10 minutes

and signing of the Certi icate of EO Director
Registration
6. Presents Of icial 6. Releases the Certi icate together with
Receipt to secure the registration application then stamps None 10 minutes Frontline Staff/COS
Certi icate of release the of icial receipt
Incorporation
TOTAL 1 to 3 working
days
54
11. Registration of One Person Corporation (OPC) thru eSPARC
This service details the procedure on registration of One Person Corporation (OPC) pursuant to Section 5, 115-132 of the
Revised Corporation Code (R.A. No. 11232)

Of ice:

1. Cover Sheet SEC Extension Of ice
2. Articles of Incorporation
3. Acceptance letter of the Nominee and Alternate Computation of iling fee:
Nominee www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03-new2.pdf
*Please be informed to arranged in accordance with the order

in the checklist in 1 original set and 2 photocopies

TIME RESPONSIBLE
1. Creates an email 1. System sends veri ication con irmation None Applicant/Regi
in eSPARC to allow applicants to sign-in into the facilities strant
therein.
1.1. Email account created
automatically expires within 90 calendar days if
55
TIME RESPONSIBLE
inactive.
2. Veri ies, reserves or 2. System validates proposed company None Applicant/Regi
appeals the proposed name in accordance with Memorandum strant
company name with or Circular No. 13 series of 2019
without trade names
2.1. Reservation of proposed company
name expires on the 4th day if in-forms are
not illed up.
2.2 Processor will either approve or

disapprove the application (until indings are all
complied with)
3.Starts illing out 3. Systems validates the company information None Applicant/Regi
company details and encoded strant
submit forms on-line
4. Submits the hard 4.Receives the application documents and 10 minutes Frontline
copies of signed and assigns to a processor Staff/COS
notarized documents
4.1. Processes the submitted
application in accordance with the
Revised Corporation Code, Guidelines
on Corporate names,Foreign 30 minutes Securities
Investments Act, Anti-Dummy Law and Specialist II/
other special laws and applicable SEC Securities
rules and regulations For stock corporation based on Specialist I
the authorized capital stock:
4.1.1. If compliant, processor issues a With par value: 1/5 of 1% of
Payment Assessment Form (PAF) the authorized capital stock but
not less than P 2,000 or the
subscription price of the
subscribed capital stock
56
TIME RESPONSIBLE
whichever is higher
Without par value: 1/5 of 1% of
the authorized capital stock
computed at P100 per share but
not less than P2,000 or the
4.1.2. Required iling fees based on issue value of the subscribed
Memorandum Circular No. 3, series of 2017 capital stock whichever is
higher
4.1.3. If non-compliant, application Articles of Incorporation for
will be returned to the party non-stock corporation: P1,000
Foreign Investments Act
(FIA) Form 100:P3,000.00
Company Name Reservation:
PHP 100.00
Each additional trade name/s:
P 100.00
Documentary Stamp Tax:
P30.00
Legal Research Fee (LRF):
1% of the Filing Fee but not less
than Ten Pesos (P10.00)
Handling fee: P20.00
5. Submits the proof 5. Encodes the Registration Documents in 10 minutes Frontline

of payment and CORES Staff/COS
documents
5.1 Of icially receives and stamps the hard 30 minutes
copies of the registration application then Securities
forwards to Administrative Assistant II for Specialist II/
generation of the Certi icate of Registration Securities
Specialist I
57
TIME RESPONSIBLE
5.2 Approval of CORES 10 minutes
5.3 Generation/ printing of certi icate Securities

5 minutes Counsel II/
5.4. Final review of the documents and Securities
signing of the Certi icate of Registration 10 minutes Counsel I
Frontline
Staff/COS
EO Director
6. Presents Of icial 6. Releases the Certi icate together with

Receipt to secure the registration application then stamps release the None 10 minutes Frontline
Certi icate of of icial receipt Staff/COS
Incorporation
TOTAL 1 to 3 working
days
58

Of ice:

1. Copy of the Latest due Financial Statements and any To be provided by client
SEC)
2. Copy of the Latest due General Information Sheet
and any amendments thereto (duly stamped received by
SEC)
3. Copy of the Certi icate of Incorporation and latest
and By-laws
Book/Membership Book Public Assistance and Complaint Desk/ZEO Counter
5. Copy of the latest Con irmation of Payment (COP), if
any
59
6. Other documents (per monitorer's instructions)
such as:
* Secretary's Certi icate explaining the double iling of
* Secretary's Certi icate of No Intra-Corporate

Dispute;
* Secretary's Certi icate (Clari ication)
* Af idavit of the Corporate Secretary (Anti-
Dummy Law/One and the Same/Auditor);
*Af idavit of the Corporate Secretary (Anti-Dummy
* General Formal for Financial Statements when the
gross revenue/total assets exceeds Five Million
Pesos (P5,000,000)
* OGA's Acknowledgement on Functional
Currency
1. Submits completely 1. Pre-evaluates required documents None 15 minutes Frontline Staff/COS
illed-up "Request
for Monitoring" and 1.1. If documents are not Guidelines on the
the required complete, the same are Imposition of ines or
documents returned together with the penalties for
checklist of the requirements; noncompliance with
reportorial
1.2. If the documents are requirements;
complete the request is Memorandum
accepted and assigned to Circular No. 8, series
monitoring staff of 2009 (MC8-2009);
Amended rules
1.3. Determines compliance, governing the 30-45 minutes on Administrative Assistant II
de iciencies and violations, distribution of excess average per Monitoring Analysts (COS)
and prepares the Monitoring pro its of corporation
60
Assessment Sheet (MAS) corporation;
Memorandum
of 1998 (MC8-1998);
298, Series of 2010
2. Returns on assigned 2. Presents the indings to the None 1-2 days Administrative Assistant II
day, and if is applicant Monitoring Analysts (COS)
agreeable to the
indings presented, 2.1. If there are no de iciencies,
signs the MS the MAS prepared by the
Monitoring Staff will indicate EO Director
such inding with
computation of penalties and
will be directly submitted to
the EO Director for signing
3. Pays the assessed
ines and penalties 3. Veri ies and validates payment None 5 minutes SEC Cashier
via the Electronic
System for Payment
to SEC (eSPAYSEC) at
TOTAL 2 days
61
13. Receiving of Reports through SEC eFAST
This service details the procedure on the receiving of reportorial requirements of registered corporations such as but
not limited to General Information Sheet (GIS), Audited Financial Statements (AFS), Sworn Statement for Foundations (SS),
General Form for Financial Statements (GFFS), Special Form for Financial Statements (SFFS) through the SEC online
submission facility.

Of ice:

1. SEC-approved template of Board Resolution (signed by Form available at https://cifss-ost.sec.gov.ph/user/login
majority of the Board) or Notarized Secretary’s Certi icate
2. Submitted MC28 Report and/or Submitted GIS version

2020
3. Reports to be uploaded in PDF format

PAID RESPONSIBLE
1. For enrolment: 1. None None Applicant
1.1 Logs on at
62
PAID RESPONSIBLE
https://cifss-ost.sec.gov.ph/user/login
1.2 Clicks Enroll as Company and inputs

necessary details.
1.3 Clicks Enroll as Filer and inputs None

necessary details.
2. For submission of reports: . Conduct of quality check to None Head Of ice

ensure that the report is Personnel
2.1 Logs on at readable and in the form
https://cifss-ost.sec.gov.ph/user/login using required.
username and password
2.2 Selects Forms Module to upload report in

PDF format, input necessary details and
submit.
TOTAL NONE c/o Head Of ice
63
14. Dissolution
Division & Department SEC Zamboanga City Extension Of ice (SEC - ZEO)
Of ice:
Who may avail: Target SEC Clients/ Others, please specify: General Public

1. Cover Sheet ZEO Public Assistance or
http://www.sec.gov.ph/wp-content/uploads/2015/07/Cover_Sheet_for_A
mendment.pdf
2. Directors’ Certi icate for Stock Corporation / Trustees’ ZEO Public Assistance or
Certi icate Downloadable at the SEC website through the following URL:
for non-stock corporation Directors’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certi ica
te.pdf
http://www.sec.gov.ph/wp-content/uploads/2015/07/Trustees_Certi icat
e.pdf
64
4. Audited Financial Statements as of the last iscal year stamped
received by SEC and BIR, EXCEPT
i. Where the applicant has ceased operations for at least
one (1) year, it shall submit:
a) Audited Financial Statements as of the last iscal year of To be provided by the Company
operation;
and
b) Af idavit of non-operation certi ied under oath by the President
and
Treasurer

it shall submit:
a) Balance Sheet certi ied under oath by the Treasurer and
President;
b) Af idavit of non-operation certi ied under oath by the President
and
Treasurer;
iii. Where the applicant is a stock corporation with paid-up of

less than P50,000, it shall submit its Balance Sheet as of last
preceding iscal year certi ied under oath by the President and
Treasurer
iv. Where the applicant is a non-stock corporation with gross

receipts of less than P100,000 or a total assets of less than
P500,000, it shall submit:
its Balance Sheet as of last preceding its Balance Sheet as of last
preceding iscal year certi ied under oath by
the President and Treasurer
65
certifying
that:
i. the dissolution is not prejudicial to the interest of the creditors;
and
ii. there is no opposition from any creditors from the time of the
last
publication of the notice of dissolution up to the iling of the
application for dissolution with the Commission

7. Publisher’s Af idavit of publication of notice of dissolution (once Publisher of a newspaper of general circulation
a
week for three [3] consecutive weeks)
8. Secretary’s Certi icate on non-existence of intra-corporate ZEO Public Assistance or Downloadable at the SEC website through the
dispute following
URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate_N
on
1. Submits the requirements 1. Receives the application for None 30 minutes - 1 hour Frontline Staff/COS
to the Receiving Section for Dissolution and forwards the per application
pre-processing same to the Records Section Administrative Assistant II
1.1 Retrieves the corporate
ile and forwards the same
for assignment 1 day per
application
66
1.2 Assigns the application for
Dissolution
1.3 Examines whether the 30 minutes - 1 hour Securities Specialist I

documents submitted are per
complete in form and in application Securities Specialist II
substance.
1.3.1 If compliant, stamps

ok for payment and
request issuance of PAF.
1.3.2 Prepares and issues PAF. 15 working days Securities Counsel II

compliance, prepares checklist of
returns it (Returns to step 1 for
resubmission)
1.4 Prepares report.
2. Pays the iling fee If Stock

via the Electronic System for Corporation –
Payment to SEC (eSPAYSEC) at P1,060.00*
If Non-Stock
https://espaysec.sec.gov.ph/ Corporation
–P560.00*
*Incl. of LRF 10.00,
Miscellaneous
Fee PHP20.00 and
Documentary
Stamp
67
Tax of PHP 30.00
3. Proceeds to ZEO Counter for 3. Receives and veri ies

presentation of documentary documentary requirements and None 30 minutes - 1 hour SEC Administrative Assistant
requirements with proof of proofs of payment per application II
payment
SEC Cashier
4. Prepares the Certi icate of
Dissolution Frontline Staff/COS
4. Waits for the issuance of 4.1 Prepares Certi icate
signed Certi icate 4.2 Reviews and approves the None ZEO Director
application
application to the Releasing Securities Specialist I/
Section Securities Specialist II
5. Receives the duly approved 5. Releases the duly approved 30 minutes - 1 hour
certi icate certi icate per application Frontline Staff/COS
TOTAL 20 days
68
15. Petition to Set Aside Order of Revocation or Suspension
This service details the procedure on application for petition to set aside order of revocation or suspension.

Of ice:

1. Veri ied Petition to set aside the Order of Revocation or No Prescribed format
Suspension
2. Directors’ Certi icate for Stock Corporation / Trustees’ ZEO Public Assistance or
Certi icate Downloadable at the SEC website through the following URL:
for non-stock corporation Directors’ Certi icate -
http://www.sec.gov.ph/wp-content/uploads/2015/07/Directors_Certi icate.pdf
3. Latest Due Audited Financial Statements To be provided by the Company
4. Latest Due General Information Sheet To be provided by the Company
69
5. Copies of the Articles of Incorporation and latest Certi icate of To be provided by the Company
Filing or Amended Articles or By-Laws (if any) together with
the latest Articles of Incorporation and By-Laws
6. Copies of the stock and transfer book or membership book To be provided by the Company
7. Secretary’s Certi icate of No Intra-Corporate Controversy ZEO Public Assistance or Downloadable at the SEC website through the
following
URL:
http://www.sec.gov.ph/wp-content/uploads/2015/07/Secretarys_Certi icate
_Non
8. Sworn Certi ication by External Auditor To be provided by the Company

9. Proof of operation for each year, starting from the date of
revocation or date of incorporation (for a suspension order)
up to the time of the iling of the petition, any of the following
but not limited to: To be provided by the Company
d. Contracts;
f. Certi ications/Recognitions/Annual Conventions; or
10. Latest Mayor’s/Business Permit To be provided by the Company
11. Certi ication Issued by the Corporate Secretary that the latest
due Financial Statement and Income Tax Return was received To be provided by the Company
by the SEC and BIR respectively
12. BIR Certi icate of Registration To be provided by the Company
70

TIME
1. Submits the requirements 1. Receives and records the None 30 minutes - 1 Frontline Staff/COS
to the Receiving Section for application. hour per
pre-processing application Administrative Assistant II
1.1. For irst time
applicant, examines if
in form 1 day per Securities Specialist I
1.1.1. If complete, assigns the application
application to a Securities Counsel
prepares checklist of de iciencies,
informs and returns documents 30 minutes - 1 Securities Specialist II
to the client. hour per
application
1.2. Advises the client when to
1.3. Examines whether the 15 working days Securities Counsel II

substance
1.3.1. If application is complete

and in order, the Securities Counsel
prepares a draft Order and submits
to the ZEO Director for review
compliance, the Securities Counsel
prepares a checklist of de iciencies
71
TIME
and returns it to the ZEO Director
applicant. Go to Step 1.3.
1.4. Reviews the draft Order

and the documents submitted.

recommended to be granted and
the Order is suf icient, the ZEO
Director orders the Securities
Counsel to stamp OK for payment.
Securities Counsel informs the
client that the application can be
paid.
1.4.2. If the petition is not

compliant, ZEO Director returns the
application to the Securities
Counsel. Go to Step 1.3.2.
Filing Fee: P3,000.00

2. Secures PAF from frontline 2. Veri ies and validates proof of Handling fee: P20.00
Staff and pays the iling fee via payment Legal Research
the Electronic System for Fee (LRF): P30.00 SEC Cashier
Payment to SEC (eSPAYSEC) at Documentary
Stamp Tax: P30.00
https://espaysec.sec.gov.ph/ per notarized
document
3. Proceeds to ZEO Counter for 3. Receives the complete
presentation of documentary application requirements and
requirements with proof of advises the client when to
payment follow-up its status.
72
TIME
3.1 Prepares the transmittal of

documents to the SEC Head Of ice

application
4.3 Forwards the approved Securities Specialist I/
application to the Releasing Securities Specialist II
Section
5. Receives the duly approved 5. Releases the duly approved 30 minutes - 1 Frontline Staff/COS
certi icate certi icate hour per
application
TOTAL 20 days
73
This process details the procedure for correction of entries in the Articles of Incorporation of domestic corporations, whether
stock or non-stock.

Of ice:

1. Veri ied Complaint/Petition for Correction of Entries No Prescribed format. To be prepared by the Company.
2. Certi icate of No Forum Shopping No Prescribed format. To be prepared by the Company.
3. Secretary’s Certi icate ZEO Public Assistance

5. Corrected Articles of Incorporation To be prepared by the Company
6. Other evidence (Af idavits, IDs, etc. depending on the To be provided by the Company
nature
of the corrections)
1. Submits the requirements 1. Receives the Petition for None 30 minutes - 1 hour Frontline Staff/COS
to the Receiving Section for Correction per
pre-processing 1.1 Retrieves the corporate application Administrative Assistant II
ile
1.2 Assigns the application for
Dissolution
1.3 Examines whether the 1 day per

documents submitted are application Securities Specialist I
substance.
1.3.1 If compliant, stamps 30 minutes - 1 hour Securities Specialist II

ok for payment and per
request issuance of PAF. application
1.3.2 Prepares and issues PAF.

compliance, prepares checklist of
returns it (Returns to step 1 for 15 working days Securities Counsel II
resubmission)
1.4 Prepares report
2. Pays the iling fee If Stock

via the Electronic System for Corporation –
Payment to SEC (eSPAYSEC) at P1,060.00*
If Non-Stock
https://espaysec.sec.gov.ph/ Corporation
–P560.00*
*Incl. of LRF 10.00,
75
Miscellaneous
Fee PHP20.00 and
Documentary
Stamp
Tax of PHP 30.00
3. Proceeds to ZEO Counter for 3. Receives and veri ies

presentation of documentary documentary requirements and None 30 minutes - 1 hour SEC Administrative Assistant
requirements with proof of proofs of payment per application II
payment
SEC Cashier
application
application to the Releasing Securities Specialist I/
Section Securities Specialist II
5. Receives the duly approved 5. Releases the duly approved 30 minutes - 1 hour Frontline Staff/COS
certi icate certi icate per application
TOTAL 20 days
76

2023citizen's Charter (2nd Edition) For Extension Offices

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2023citizen's Charter (2nd Edition) For Extension Offices

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CITIZEN'S

Table of Vision Mechanism

Contents Mission Contact Us

Core Values Citizen's Charter

It is mostly presented before

of CSM the results to

Corrective the form to the HRAD

(CAR) 3.For the SEC

Contact Us Address : The SEC Headquarters

3/F Newtown Square,

1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations 2

2. Application for Amendment of Partnerships 11

3. Certi ication of Paid-up Capital / Capital Structure / Percentage of Ownership 19

4. Increase of Capital Stock by way of Cash 25

5. Increase of Capital Stock through Payment other than Cash 37

6. Issuance of Certi icates of No Derogatory Information 55

7. Issuance of Plain/Authenticated Copies of Documents 59

8. Public Assistance and Complaint Action 63

10. Registration of Corporations with less than 5 Incorporators thru eSPARC 73

11. Registration of One Person Corporation (OPC) thru eSPARC 81

13. Registration and Issuance of a Certi icate of Authority of a Lending Company 94

Division & Department SEC Baguio City Extension Of ice

CHECKLIST OF REQUIREMENTS WHERE TO SECURE

A. Banks, Pawnshops and other Financial Intermediaries with

B. Insurance/Mutual Bene it Association/ Health Maintenance

C. Money Changer and Remittance Services- Bangko Sentral ng

CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON

1.2. If name is rejected,

2.1.2. If documents are

2.1.3. Returns documents to

3.1. If compliant, issues Payment Administrative

3.2. If non-compliant, issues a Cashier

6.1. Signs the Certi icate of

6.2. Encodes signed Certi icate

Division & Department SEC Baguio City Extension Of ice

CHECKLIST OF REQUIREMENTS WHERE TO SECURE

4.3.1. Deed of Assignment of partnership interest Assignee and Assignor Partners

1.2. If name is rejected,

2.2. If documents are

3.2. If non-compliant, issues

6.1. Signs the Certi icate of 10 minutes per EO Director

6.2. Encodes signed 10 minutes per

Division & Department SEC Baguio City Extension Of ice

CHECKLIST OF REQUIREMENTS WHERE TO SECURE

CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING PERSON RESPONSIBLE

2.1.1. If for compliance, 5 minutes Frontline Staff

2.2. Advises the client when Within 1.5 days Director

2.3.2. If the application is 10 minutes Cashier/

2.5. If approved for iling,

2.5.1. If approved for

2.5.2. If not approved,

6.4. Records the approved 10 minutes Administrative Of icer III

Division & Department SEC Baguio City Extension Of ice

CHECKLIST OF REQUIREMENTS WHERE TO SECURE

iii. SUBSCRIPTION CONTRACT executed under oath among EO Public Assistance

Note: Per Memorandum Circular No. 11 Series of 2016

iv. For RURAL BANKS:

2.2. Examines whether None 30 minutes Securities Counsel I

2.2.1. If application is None

2.4. Reviews the inal

7.4. Forwards the

● Conversion of advances/liabilities to equity