Every company registered with the Securities and Exchange Commission (SEC) has certain obligations to fulfill. This includes reportorial requirements, which are stipulated by laws such as the Securities Regulation Code and the Corporation Code of the Philippines.
Continue reading to learn more about your corporation’s reportorial requirements and when you need to file these reports.
Do you need to file reports with the SEC?
The following are required by law to comply with SEC’s reportorial requirements:
What are the reports you need to file with the SEC?
It depends on the type of license your corporation has.
For corporations with primary licenses
All registered corporations with primary licenses are required by the SEC to submit their respective General Information Sheet (GIS) forms and Audited
Financial Statements (AFS).
Corporations that earn a gross sales/revenue of at least Php 10 million are required to submit both hard and electronic copies of the aforementioned documents.
Some corporations with primary licenses are required to submit certain reports aside from the GIS and AFS:
For corporations with secondary licenses:
Corporations with secondary licenses include a variety of entities, all of which have specific sets of reportorial requirements which you can find here:
Where can I find more information about reportorial requirements with the SEC?
The SEC has an incredibly detailed Citizen’s Manual on Reportorial Requirements. You can print it out so you can have a hard copy posted in your company’s office.
Do you need help in filing your corporation’s reportorial requirements?