The Philippines has largely been under Enhanced Community Quarantine for the past 70 plus days. This has meant that most business operations in the country have stopped or significantly slowed down in an effort to contain the Covid-19 virus. This includes both private corporations and government agencies in operating in the Philippines.
Many government agencies shifted to work from home and mainly entertained inquiries regarding applications. This included the Security and Exchange Commission and their Company Registration Monitoring Department. During the lockdown the CRMD has been very responsive and communicative in reviewing documents and providing feedback to our lawyers. While this feedback was very helpful, company registration submissions were not entertained during the ECQ. However, now with the more relaxed General Community Quarantine in sight, the SEC announced this week that they will begin receiving business registrations within the week.
Companies wishing to file their incorporation documents with the SEC will be able to do so under the new normal. Starting next week the SEC will receive proofs of payment, signed and notarized copies of approved applications and supplemental documents required during the processing.
The office will also release Certificates of Incorporation/Amendment and Confirmation of Payment and orders in Petitions to Lift Order of Suspension/ Revocation and/or Correction. This will be done from its main office in Pasay City with shortened office hours. Payments will also be able to be done from the main office or from the former headquarters in Manduluyong City.
There is a strict No Mask – No Entry policy in affect and strict social distancing will be enforced to help protect the staff of the SEC.
If your business requires assistance in company incorporation or submission of filings to the SEC, please contact Triple i Consulting at email@example.com to speak with one of our consultants.