SEC to companies: Submit GIS, AFS papers on-line

Iris Gonzales – The Philippine Star

January 1, 2023 | 12:00am

MANILA, Philippines — The Securities and Alternate Fee (SEC) is reminding entities below its jurisdiction to submit their common data sheets (GIS) and annual monetary statements (AFS) on-line.

It has likewise set deadlines for the 2023 Submitting of Annual Monetary Statements and Normal Data Sheet.

The SEC mentioned all inventory and non-stock firms are required to submit their annual experiences on-line by the SEC Digital Submitting and Submission Instrument (eFAST), beforehand known as the On-line Submission Instrument.

As a part of its shift towards zero face-to-face transaction, the SEC will not settle for over-the-counter submissions.

For the submission of AFS, the SEC will implement a schedule primarily based on the final digit of firms’ registration or license numbers to keep up an organized and orderly submitting of annual experiences.

Based on the SEC, all firms, together with department places of work, consultant places of work, regional headquarters and regional working headquarters of overseas firms whose fiscal years finish on Dec. 31, 2022 shall file their AFS primarily based on the final digit of the SEC registration or license quantity: 1 and a pair of ( Could 2, 3, 4, 5); 3 and 4 ( Could 8, 9, 10, 11, 12); 5 and 6 (Could 15, 16, 17, 18, 19); 7 and eight ( Could 22, 23, 24, 25, 26); 9 and 0 (Could 29, 30, 31, and June 1, 2).

A company whose fiscal 12 months ends on a date aside from Dec. 31, 2022 ought to file its AFS inside 120 calendar days from the tip of its fiscal 12 months.

In the meantime, firms whose securities are listed on the Philippine Inventory Alternate (PSE), these whose securities are registered however not listed on the PSE, and people coated below Part 17.2 of Republic Act 8799, or the Securities Regulation Code (SRC), shall file their AFS inside 105 calendar days after the tip of their fiscal 12 months, as an attachment to their annual experiences.

Late filings might be accepted beginning June 5, 2023, which might be topic to prescribed penalties.

Alternatively, the SEC mentioned a GIS have to be filed inside 30 calendar days from the date of the particular annual stockholders’ assembly for inventory firms.

For non-stock firms, a GIS have to be filed inside 30 calendar days from the date of precise annual members assembly and for overseas firms inside 30 days from the anniversary date of the issuance of the SEC license.

Moreover, all firms are required to submit their annual reportorial necessities on-line by eFAST.

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