SEC sets guidelines for purging delinquent, inactive corporations
THE Securities and Exchange Commission (SEC) on Oct. 26, 2023, issued Memorandum Circular (MC) 19, Series of 2023, providing for the Guidelines on Declaration of Delinquent Status and Revocation of Certificate of Registration of Corporations under Sections 21 and 177 of the Revised Corporation Code of the Philippines.
Source: manilatimes.net