COMPANIES that have failed to comply with reportorial requirements have until the end of the month to remedy this, the Securities and Exchange Commission (SEC) said.
COMPANIES that have failed to comply with reportorial requirements have until the end of the month to remedy this, the Securities and Exchange Commission said.'With less than a month left before we officially close ECIP , we encourage noncompliant, suspended and revoked corporations to complete their applications to ensure the continuous operations of their businesses,' SEC Chairman Emilio Aquino said.
The ECIP, which aims to build on the progress made, gives noncompliant and delinquent firms a chance to settle fines and penalties for the late filing or non-filing of their general information sheets and annual financial statements, and noncompliance with MC 28, Series of 2020 that required firms to designate valid/alternate email addresses and cellphone numbers.The ECIP fee for this was set at P20,000 and the firms will also have to submit the required information.
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