THE Securities and Exchange Commission (SEC) is once again giving companies more time to submit their annual reports and general information sheets amid the coronavirus pandemic.
Corporations with fiscal years ending Nov. 30 to Dec. 31, 2019 must file their annual financial statements by Sept. 30, regardless of their SEC registration or license numbers, the SEC said in a statement on Thursday.
The SEC last month asked publicly listed companies and those with registered securities to notify the commission of their inability to file their annual and quarterly reports after the lapse of the deadline that was extended to June 30.
The regulator had previously given the companies a 60-day deadline extension after noting that companies were unable to submit reports during the lockdown.
Corporations whose fiscal years ended between Jan. 31, 2020 and June 30, 2020 now have another 30 days from their previously adjusted deadline to file their reports.
The new deadline for fiscal year ending Jan. 31 , 2020 is on Aug. 28. Companies with fiscal years ending Feb. 29, March 31, and April 30 will have filing deadlines on Sept. 28, Oct. 27 and Nov. 11, respectively.
Firms with fiscal years ending on May 31 and June 30 will submit on Nov. 11 and Oct. 28, respectively.
Corporations that held their annual stockholders meetings during the enhanced community quarantine (ECQ) and modified enhanced community quarantine (MECQ) in Metro Manila have until Sept. 30 to submit copies of their general information sheets. They must submit the printed copies to the SEC main or extension offices.
Submissions must be done through courier services, including express delivery services or through the Philippine Postal Corp.
In the meantime, the corporations may submit scanned copies of signed and notarized reports through e-mail.
The SEC in March issued a memorandum circular extending the deadlines for the filing of annual reports for companies that were unable to submit due to quarantine restrictions.
Companies that operate domestically were given until June 30 to submit their documents, while those that have foreign operations had until 60 days to submit from the day travel restrictions are lifted. — Jenina P. Ibañez
