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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.
DAVAO CITY—The Securities and Exchange Commission (SEC) announced it has revoked the certificate of registration of an organization soliciting membership and fees from applicants for a promised steady flow of food rations, “ayuda” and other perks allegedly coming from Malacañang. The SEC said it revoked the certificate of the “Bagong…
THE Securities and Exchange Commission (SEC) said on Tuesday that noncompliant and inactive corporations are at risk of being placed under delinquent status and having their registrations revoked.
The Securities and Exchange Commission (SEC) has released the guidelines for the placement of non-compliant corporations under delinquent status, and the revocation of the certificates of registration of inactive corporations. In its SEC Memorandum Circular No. 19, Series of 2023, it provided the guidelines on the declaration of delinquent status and revocation of certificate of
Online lending apps trap borrowers in a cycle of debt. Victims have formed a support group to combat abusive debt collection tactics.