SECURITIES AND EXCHANGE COMMISSION
Memorandum Circular No. 02
Series of 2001
TO : ALL REGISTERED CORPORATIONS
RE : SUBMISSION OF SEC REPORTORIAL REQUIREMENTS
In compliance with Section 27 of R.A. 8792 otherwise known as the "Electronic
Commerce Act", and Sec. 37 of its Implementing Rules and Regulations,
all corporations with gross sales or revenue of Ten Million (P10,000,000.00)
Pesos and above, are hereby directed to file four (4) copies and a diskette
of the General Information Sheet (GIS) within thirty (30) days from the
date of annual meeting, as specified in the by-laws and four (4) copies
and a diskette of the Audited Financial Statements (F/S) duly stamped
"RECEIVED" by the Bureau of Internal Revenue within 120 days (105 days
for corporations whose securities are registered under the Revised Securities
Act or Securities Regulations Code) after the end of the fiscal year as
specified in the by-laws. A certification that the GIS diskette contains
the exact data stated in the hard copies and the F/S diskette has the
basic and material data in the F/S, executed under oath by the Corporate
Secretary for the former and by the Treasurer for the latter shall also
be submitted.
Those corporations with lower amount of gross sales or revenue have also
the option to file these reportorial requirements with diskettes. Otherwise,
they shall file six (6) hard copies of said documents.
Attached are the forms for the GIS (for stock corporation), GIS (for
non-stock corporation) and F/S, as Annexes "A", "B", and "C", respectively.
All existing circulars, orders, memoranda and other related issuances
inconsistent with this circular are hereby revoked or modified accordingly.
This memorandum circular shall take effect immediately.
March 12 , 2001.
Mandaluyong City, Philippines.
(SGD.) LILIA R. BAUTISTA
Chairperson
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