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Published May 14, 2021, 4:41 PM The Securities and Exchange Commission (SEC) has received special citations from the Anti-Red Tape Authority (ARTA) for its efforts toward improving the ease of doing business in the country. In the Ease of Doing Business Summit held last week, the ARTA recognized the Commission as a “Doing Business Competitiveness Ranking Mover” for instituting the most number of reforms considered in the World Bank’s Doing Business 2020 Report. The ARTA likewise cited measures adopted by the SEC toward protecting minority investors (PMI), which served as “Big Impact I...

Published April 20, 2021, 7:00 AM The Securities and Exchange Commission (SEC) has launched the Electronic Simplified Processing of Application for Registration of Company (eSPARC) for faster and easier registration of corporations. In a statement, the SEC said that, starting April 19, it will accept and process under eSPARC all applications for registration of one person corporations (OPCs) and both stock and nonstock domestic corporations with at least two but not more than 15 incorporators who may either be natural persons, partnerships, associations or corporations. The new company regist...

SEC formally rolls out new company registration system Share on email Starting on Monday, April 19, the agency will accept and process under eSPARC all applications for registration of one person corporations (OPCs) and both stock and nonstock domestic corporations with at least two but not more than 15 incorporators who may either be natural persons, partnerships, associations, or corporations. SEC chairperson Emilio Aquino said eSPARC “brings us another step closer to our vision of a unified system” that can seamlessly handle the company registration process from end to end. “As we pr...

SunStar + April 19, 2021 THE Securities and Exchange Commission (SEC) has launched the Electronic Simplified Processing of Application for Registration of Company (eSPARC) to facilitate faster and easier registration of corporations in the country Starting April 19, the commission will accept and process under eSPARC all applications for registration of one person corporations (OPCs) and both stock and non-stock domestic corporations with at least two but not more than 15 incorporators who may either be natural persons, partnerships, associations or corporations. The new company ...