New General Information Sheet (“GIS”) Forms
Effective January 2017, the Electronic Records Management division (“ERMD”) of the Securities and Exchange Commission (“SEC”) shall only accept GIS filings that conform to the prescribed new GIS Form.
The new GIS Form (version 2016) shall contain the following revisions, as provided under SEC Memorandum Circular No. 16, series of 2016:
- The Tax Identification Numbers (TIN) of the Board of Directors/Trustees, Officers and Stockholders of domestic corporations and Resident Agent and Officers in the Philippines shall be included in a separate sheet designated as the TIN Page;
- The residential addresses of the Directors/Trustees, Officers and Stockholders on pages 3 and 4 of the GIS for stock and non-stock corporations shall likewise be indicated in the TIN Page; and
- The Corporate Secretary’s Certification of the GIS for stock and non-stock corporations shall read as follows:
“ I, ______, CORPORATE SECRETARY OF THE ABOVE-MENTIONED CORPORATION, DECLARE UNDER THE PENALTY OF PERJURY, THAT ALL MATTERS SET FORTH IN THIS GENERAL INFORMATION SHEET CONSISTING OF _____ (__) PAGES HAVE BEEN MADE IN GOOD FAITH, DULY VERIFIED BY ME AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, ARE TRUE AND CORRECT.
I HEREBY CERTIFY THAT THE PERSONS INDICATED AS MEMBERS OF THE BOARD OF DIRECTORS/TRUSTEES AND OFFICERS OF THE CORPORATION HAD CONSENTED TO BE NOMINATED AND ELECTED.
I UNDERSTAND THAT THE FAILURE OF THE CORPORATION TO FILE THIS GIS FOR FIVE (5) CONSECUTIVE YEARS SHALL BE CONSTRUED AS NON-OPERATION OF THE CORPORATION AND A GROUND FOR THE REVOCATION OF ITS CERTIFICATE OF INCORPORATION. IN THIS EVENTUALITY, THE CORPORATION HEREBY WAIVES ITS RIGHT TO A HEARING FOR THE SAID REVOCATION.”
Copies of the new GIS Forms may be downloaded at http://www.sec.gov.ph/reportorial-requirements/corporations-with-primary-licenses-2/.
