THE SECURITIES and Exchange Commission (SEC) is encouraging the public to make use of its digital platform for corporate registration while its physical office is closed due to the Luzon quarantine.
In a statement yesterday, the corporate regulator said it is welcoming applications for registration of corporations and partnerships through its Company Registration System (CRS).
The SEC CRS is a digital platform that allows applicants to give their proposed company name, generate articles of incorporation, bylaws and other company registration documents, and upload all required documents for processing, review and approval through the system.
The SEC said at least 2,500 applications have already been processed since Luzon was put on lockdown mid-March. Of this, 314 were already promoted for the generation of their certificates of registration. Some 1,014 have been assessed for payment while the remaining 1,172 are being asked to submit additional requirements.
“We are working to ensure the CRS will remain accessible in order to facilitate the registration of companies while the enhanced community quarantine remains in force,” SEC Chairperson Emilio B. Aquino said in the statement.
The SEC CRS is accessible by logging on to https://crs.sec.gov.ph/.
Aside from new corporate registrations, the SEC is also welcoming name verification appeals, applications for monitoring clearance for amendments to the articles of incorporation and bylaws, and applications for increase or decrease of capital stock and merger and consolidation.
“We will continue finding ways to limit the disruption in our everyday operations and to ensure our stakeholders can cope with the impact of the COVID-19 pandemic,” Mr. Aquino said.
Luzon is under enhanced community quarantine until midnight of April 13 due to the coronavirus disease 2019 (COVID-19) pandemic. — Denise A. Valdez
