SEC CITIZENS CHARTER 2020 1st Edition Extension Office PDF

2020
CITIZEN’S
CHARTER
(1ST Edition)
SEC Extension
Offices
CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 1
Table of Contents
Table of Contents ....................................................................................................................................................................................2
EXTENSION OFFICES .............................................................................................................................................................................10
BAGUIO CITY ........................................................................................................................................................................................10
1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations.................................................................11
2. Application for Amendment of Partnerships ...........................................................................................................................................18
3. Certification of Paid-up Capital / Capital Structure / Percentage of Ownership .............................................................................................25
4. Increase of Capital Stock by way of Cash ...............................................................................................................................................29
5. Increase of Capital Stock through Payment other than Cash .....................................................................................................................39
6. Issuance of Certificates of No Derogatory Information .............................................................................................................................55
7. Issuance of Plain/Authenticated Copies of Documents .............................................................................................................................58
8. Public Assistance and Complaint Action ................................................................................................................................................61
9. Registration of Corporations through the Company Registration System (CRS) under Manual Processing ......................................................62
10. Registration of Corporations with less than 5 Incorporators ....................................................................................................................68
11. Registration of One Person Corporation (OPC)......................................................................................................................................75
12. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock) ........................................................................80
13. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and Audited Financial Statements; documents other
than reports – i.e. correspondences, etc.) ..................................................................................................................................................85
TARLAC CITY........................................................................................................................................................................................87
1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations.................................................................88
2. Application for Amendment of Partnerships ...........................................................................................................................................95

3. Certification of Paid-up Capital / Capital Structure / Percentage of Ownership ...........................................................................................101
4. Increase of Capital Stock by way of Cash .............................................................................................................................................107
5. Increase of Capital Stock through Payment other than Cash ...................................................................................................................117
6. Issuance of Certificates of No Derogatory Information ...........................................................................................................................133
7. Issuance of Plain/Authenticated Copies of Documents ...........................................................................................................................136
than reports – i.e. correspondences, etc.) ................................................................................................................................................140
9. Registration of Corporations through the Company Registration System (CRS) under Manual Processing ....................................................142
10. Registration of Corporations through the CRS ....................................................................................................................................148
11. Registration of Corporations with less than 5 Incorporators through interim system.................................................................................160
12. Registration of One Person Corporation (OPC)....................................................................................................................................167
13. Registration of Partnerships through the CRS .....................................................................................................................................174
14. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock) ......................................................................183
LEGAZPI CITY .....................................................................................................................................................................................187
1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations...............................................................188
2. Application for Amendment of Partnerships .........................................................................................................................................195
7. Public Assistance and Complaint Action ..............................................................................................................................................220

9. Registration of Corporations with less than 5 Incorporators ...................................................................................................................223
10. Registration of Corporations/Partnership through the Company Registration System (CRS) under Manual Processing .................................230
CEBU CITY .........................................................................................................................................................................................246
3. Cash or Stock Dividends ...................................................................................................................................................................264
5. Confirmation of Valuation ..................................................................................................................................................................277
6. Creation of Additional Paid-in Capital (APIC) ........................................................................................................................................291
7. Decrease of Capital Stock ..................................................................................................................................................................304
8. Dissolution ......................................................................................................................................................................................311
9. Equity Restructuring .........................................................................................................................................................................319
10. Increase of Capital Stock by way of Cash ...........................................................................................................................................324
11. Increase of Capital Stock through payment other than cash ..................................................................................................................335
12. Issuance of Certificates of No Derogatory Information ..........................................................................................................................353
13. Issuance of Plain/Authenticated Copies of Documents .........................................................................................................................355
14. Property Dividend Declaration ..........................................................................................................................................................359
15. Public Assistance & Complaint Desk .................................................................................................................................................366

16. Quasi-Reorganization ......................................................................................................................................................................367
18. Reclassification / Declassification / Conversion of Shares ....................................................................................................................374
19. Registration of corporations with less than 5 incorporators through the Interim Registration System (IRS) ..................................................381
20. Registration of One Person Corporations (OPCs) through the Interim Registration System (IRS) ................................................................384
21. Registration of Partnerships and Corporations through the Company Registration System (CRS) under Manual Processing ..........................387
BACOLOD CITY ...................................................................................................................................................................................399
7. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock) ........................................................................423
ILOILO CITY ........................................................................................................................................................................................427

9. Registration of Corporations through the Company Registration System (CRS) under Manual Processing ....................................................485
10. Registration of Corporations through the CRS ....................................................................................................................................492
11. Registration of Corporations with less than 5 Incorporators ..................................................................................................................504
13. Registration of Partnerships through the CRS .....................................................................................................................................517
CAGAYAN DE ORO CITY ......................................................................................................................................................................532
5. Increase of Capital Stock through payment other than cash ....................................................................................................................564

10. Registration of Corporations through the Company Registration System (CRS) under Manual Processing...................................................589
11. Registration of Corporations with less than five incorporators ..............................................................................................................595
DAVAO CITY .......................................................................................................................................................................................609
4. Highly Technical Registration of Corporations through the Company Registration System (CRS) under Manual Processing ...........................628
5. Highly Technical Registration of Corporations with 2-4 Incorporators Through Interim System ....................................................................635
7. Increase of Capital Stock through payment other than cash ....................................................................................................................653
8. Issuance of Certificate of No Derogatory Information .............................................................................................................................672
9. Issuance of Certification as to Status of a Registered Corporation ..........................................................................................................675
10. Issuance of Negative Certification .....................................................................................................................................................678
11. Issuance of Plain/Authenticated Copies of Documents ........................................................................................................................680
12. Issuance of Plain/Authenticated Copies of Documents for Other Government Offices ..............................................................................684
13. Public Assistance ..........................................................................................................................................................................686
14. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and Audited Financial Statements; documents
other than reports – i.e. correspondences, etc.) ........................................................................................................................................689
15. Registration of One Person Corporations Through Interim System (Without Secondary License during of pandemic) ...................................690
16. Registration of Partnerships through the Company Registration System (CRS) (Without Secondary License during of pandemic)..................697

17. Registration of Partnerships through the Company Registration System (CRS) (For Issuance of Certificate of Records of Partnerships) .........704
INTERIM GUIDELINES FOR THE LIMITED MANUAL OPERATIONS OF THE DAVAO EXTENSION OFFICE DURING THE PERIOD OF STATE OF
NATIONAL EMERGENCY DUE TO PANDEMIC OR IN THE EVENT OF OTHER MAJOR DISRUPTION WHETHER CAUSED BY A NATURAL DISASTER
OR OTHER CAUSES.............................................................................................................................................................................716
19. Simple Registration of Corporations through the Company Registration System (CRS) under Manual Processing ........................................717
20. Simple Registration of Corporations with 2-4 Incorporators Through Interim System ................................................................................725
21. Simple Registration of One Person Corporations Through Interim System (Pursuant to Section 10 of RCC) .................................................732
ZAMBOANGA CITY ..............................................................................................................................................................................740
4. Increase of Capital Stock by way of Cash ............................................................................................................................................761
5. Increase of Capital Stock through payment other than cash ...................................................................................................................769
7. Issuance of Plain/Authenticated Copies of Documents ..........................................................................................................................788
8. Public Assistance & Complaint Desk ..................................................................................................................................................791
10. Registration of Corporations through the Company Registration System (CRS) under Manual Processing ..................................................793
11. Registration of Corporations with less than 5 Incorporators ..................................................................................................................797
13. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock) .....................................................................819

LIST OF EXTENSION OFFICES ...............................................................................................................................................................813

EXTENSION OFFICES
BAGUIO CITY
3/F Newton Square, Navy Base Road,

Baguio City

1. Application for Amendment of Articles of Incorporation and/or By-laws of Domestic Corporations
This service details the procedure in applying for amendments of the Articles of Incorporation and/or By-laws of Domestic Corporations
Office or Division: SEC Baguio Extension Office (SEC-BEO)
Classification: Simple and Complex
Type of Transaction: G2B – Government to Business
Who may avail: All registered domestic corporations through their Authorized Representatives
CHECKLIST OF REQUIREMENTS WHERE TO SECURE
1. Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the Public
CORPORATIONS) 1 set original and 3 sets photocopies Assistance and Complaint Desk or through the Commission’s website at
http://www.sec.gov.ph/services-2/company-2/amendment/
2. Amended Articles of Incorporation/By-laws
3. Directors` or Trustees` Certificate - notarized and signed by
majority of the directors or trustees and the corporate
secretary, certifying (i) the amendment of the Articles of
Incorporation and indicating the amended provisions, (ii) the
vote of the directors or trustees and stockholders or members,
(iii) the date and place of the stockholders` or members`
meeting; and (iv) the tax identification number of the
signatories which shall be placed below their names
4. Notarized Secretary`s Certificate on no pending case of intra-
corporate dispute
5. Compliance Monitoring Division (CMD) / EO Monitoring Officer SEC-BEO
Clearance
6. Additional Requirements
6.1. Clearance from other SEC departments, if applicable
6.1.1. -For Investment company, Financing and Lending Corporate Governance and Finance Department (CGFD)
companies, issuers of proprietary or non-proprietary
membership (i.e. golf clubs), listed and public
companies and foundation (1 original copy)

6.1.2. -For Capital Market Institutions (i.e. Exchange, Markets and Securities Regulation Department (MSRD)
Broker, Dealer, Investment House (1 original copy)
7. Endorsement from other government agencies, if applicable (1 BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
original copy) GOVERNMENT AGENCIES
A. Banks, Pawnshops and other Financial Intermediaries with Quasi-

Banking Functions - Bangko Sentral ng Pilipinas
B. Insurance/Mutual Benefit Association/ Health Maintenance

Organization- Insurance Commission
C. Money Changer and Remittance Services- Bangko Sentral ng Pilipinas

7.1. If the provision to be amended is the corporate name,
submit:
7.1.1. Name Verification Slip (1 original) Name verification slip may be secured manually through the SEC EO by
the verifying officer
7.1.2. Affidavit of a director, trustees or officer undertaking May secure copy from the Public Assistance and Complaint Desk/ Officer
to change corporate name. (Not required if already of the Day
stated in the Al)
7.2. If the provision to be amended is for registered May secure copy from the Public Assistance and Complaint Desk or may
corporations increasing its foreign equity to more than download through SEC Website at http://www.sec.gov.ph/forms-and-
40%, submit: F-101 fees/primary-registration/
8. If the provision to be amended is for registered corporations May secure copy from the Public Assistance and Complaint Desk or may
with more than 40% increasing further the percentage of such download through SEC Website at http://www.sec.gov.ph/forms-and-
equity, submit: F-102 fees/primary-registration/

CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON RESPONSIBLE
1. If corporate name is for 1. Approves or denies proposed name/s P100.00 per proposed 10 minutes per Director
amendment: or trade name/s corporate/trade application
1.1. Fills out Name name/s
Verification Forms
(Verifies, reserves or 1.1. Approves or denies appeal for
company name with or the proposed name/s or trade
without trade name/s) name/s
1.2. If name is rejected,
registrant may appeal
for the proposed
corporate name
2. For pre-processing, secures 2. Verifies completeness of amendment None Up to 10 minutes per Frontline Staff
number from the guard on requirements application
duty and proceeds to EO
Counter for presentment of 2.1. If documents are complete: Up to 10 minutes per EO Administrative
documentary requirements application Assistant II
2.1.1. Endorses documents to
Securities Counsel I
2.1.2. If documents are

incomplete:
2.1.3. Returns documents to

clients for compliance

3. Waits for the corporation’s 3. Processes and evaluates application None 30 min Securities Counsel I
name to be called by the for amendment
(MONITORING PERIOD/S
EXCLUDED)
3.1. If compliant, issues Payment

Assessment Form
Administrative Assistant II
3.2. If non-compliant, issues a Cashier
checklist for compliance
4. Pays the filing fee 4. Issues the Official Receipt and Filing Fees: 5 min Cashier
machine-validated Payment
Assessment Form Amendment of Articles
of Inc. or By-laws :
PHP 1,040.00
(*+**+***)
If Amendment of
Articles of Inc. and By-
laws: PHP 2,080.00
(*+*+**+**+***+***)
Amendment of Articles
of Incorporation – PHP
1,000.00 Amendment
of By-Laws – PHP
1,000.00

**Documentary Stamp
Taxes – PHP 30.00
***Legal Research
Fee-
1% of the Filing Fee
for amendment (PHP
10.00)
**** Amendment with
corporate/trade
names, with additional
PHP 100.00 per
reserved
corporate/trade
name/s
******Amendment by
increasing foreign
equity FIA forms (PHP
3,000.00 with LRF of
PHP 30.00)
5. Proceeds to Receiving 5. Receives and verifies documentary None 3-5 minutes per Frontline Staff
Officer for presentation of requirements and proofs of payment application COS
documentary requirements Administrative Assistant II
with proof of payment
6. Waits for the issuance of 6. Prepares the Certificate of Amended None 3-5 minutes per Administrative Assistant II
signed Certificate Articles of Incorporation and/or By- application
laws
None EO Director

6.1. Signs the Certificate of Amended 10 minutes per

Articles of Incorporation and/or application
By-laws
6.2. Encodes signed Certificate of None Administrative Assistant II

Amended Articles of
Incorporation and/or By-laws 5 minutes per
application
7. Proceeds to Releasing 7. Releases signed Certificate of None 5 minutes per Frontline Staff/
Officer for presentation of Amended Articles of Incorporation application Administrative Assistant II
the original proof of payment and/or By-laws
and receives the signed
Certificate of Amended
Articles of Incorporation
and/or By-laws
TOTAL PHP 100.00 per 1 hour and
proposed 10 minutes
corporate/trade
name/s
Filing Fees:
PHP 1,040.00
(*+**+***)
If Amendment of
laws: PHP 2,080.00

(*+*+**+**+***+***)
of Incorporation – PHP
1,000.00 Amendment
of By-Laws –
P1,000.00
**Documentary Stamp
Taxes - PHP 30.00
***Legal Research
Fee-
for amendment (PHP
10.00)
**** Amendment with
corporate/trade
PHP 100.00 per
reserved
corporate/trade
name/s
******Amendment by
increasing foreign
PHP 30.00)

2. Application for Amendment of Partnerships
This service details the procedure in applying for amendment of the Articles of Partnerships.

Classification: Simple
Type of Transaction: G2B – Government to Business;G2C- Government to Client
Who may avail: All registered partnerships through their Authorized Representatives
1. Basic Requirements (1 set original and 3 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk, Officer of the Day of the Corporate and
Partnership Registration Division or through the Commission’s website through
URL http://www.sec.gov.ph/services-2/company-2/amendment/
2. Cover Sheet; and
3. Amended Articles of Partnership Any of the partners
4.1. Endorsement from other government agencies, if A. Banks, Pawnshops and other Financial Intermediaries with Quasi-Banking
applicable (1 original) Functions - Bangko Sentral ng Pilipinas
B. Insurance/Mutual Benefit Association/ Health Maintenance Organization-
Insurance Commission
4.2. If the provision to be amended is the partnership name,
submit:
4.2.1. Name Verification Slip (1 original) Name verification slip may be secured manually by OOTD
4.2.2. Affidavit of a partner to change partnership name. (Not May secure copy from the Public Assistance and Complaint Desk/ OOTD
required if already stated in the AP) (1 original; 3
photocopies)
4.3. If the provision to be amended is the change of partners,
submit:

4.3.1. Deed of Assignment of partnership interest and or Assignee and Assignor Partners
documents showing withdrawal, resignation, retirement
and death of a partner (1 original; 3 photocopies)
4.4. If provision for amendment is to have foreign equity of a May secure copy from the Public Assistance and Complaint Desk or may
registered partnership, submit: F-106 download through SEC Website at http://www.sec.gov.ph/forms-and-
fees/primary-registration/
5. If provision for amendment is to further increase the foreign May secure copy from the Public Assistance and Complaint Desk or may
equity of a registered partnership, submit: F-107 download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
registration/
CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON

PAID RESPONSIBLE
1. If partnership name is for 1. Approves or denies proposed name/s or PHP 100.00 per 10 minutes per Director
amendment: trade name/s proposed application
1.1. Fills out Name partnership/trade
Verification Form 1.1. Approves or denies appeal for the name/s
(Verifies, reserves or proposed name/s or trade name/s
company name with or
without trade name/s)

registrant may appeal for
the proposed partnership
name
2. For pre-processing, secures 2. Verifies completeness of amendment None 5-10 minutes per Administrative Assistant
queuing number from the requirements application II
OOTD and proceeds to
Administrative Assistant II for 2.1. If documents are complete: 5-10 minutes per
presentment of documentary application
requirements 2.1.1. Accepts documents for
assignment to EO processors

PAID RESPONSIBLE
2.2. If documents are incomplete:
2.2.1. Returns documents to clients

for compliance
3. Waits for the partnership’s 3. Processes and evaluates application for None 20 min Securities Counsel I
name to be called by the amendment
3.1. If complete and compliant, issues 10 min Cashier
Payment Assessment Form
3.2. If non-compliant, issues a checklist

for compliance
4. Pays the filing fee 4. Issues the Official Receipt and machine- Filing Fees: 5 minutes Cashier
validated Payment Assessment Form
Amendment of
Articles
Partnership: PHP
2,050.00 (*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes -
PHP 30.00
***Legal Research
Fee-

PAID RESPONSIBLE
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s Interest –
PHP 2,000.00 per
Deed
******Amendment
of Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendment
by increasing

PAID RESPONSIBLE
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)
5. Proceeds to Receiving 5. Receives and verifies documentary None 3-5 minutes per Administrative Assistant
Officer for presentment of requirements and proofs of payment application II
documentary requirements
with proof of payment
6. Waits for the issuance of 6. Prepares the Certificate of Amended None 20 minutes per Administrative Assistant
signed Certificate Articles of Partnership application II
6.1. Signs the Certificate of Amended 10 minutes per EO Director

Articles of Partnership application
6.2. Encodes signed Certificate of 10 minutes per Administrative Officer III

Amended Articles of Partnership application
7. Proceeds to Releasing 7. Releases signed Certificate of Amended None 5 minutes per Administrative Assistant
Officer for presentment of Articles of Partnership application II
original proof of payment and
receives signed Certificate of
Amended Articles of
Partnership
TOTAL PHP 100.00 per 1 hour and
proposed 55 min
partnership/trade
name/s
Filing Fees:

PAID RESPONSIBLE
Amendment of
Articles
Partnership: PHP
2,050.00 (*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes - P
PHP 30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment (PHP
20.00)
**** Amendment
with
partnership/trade
names, with
additional PHP
100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of

PAID RESPONSIBLE
PHP 2,000.00 per
Deed
******Amendment
of Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
Capital but not
less than PHP
2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (PHP
3,000.00 with LRF
of PHP 30.00)

3. Certification of Paid-up Capital / Capital Structure / Percentage of Ownership
This service details the procedure on request for issuance of Certification of Paid-up Capital, Capital Structure or Percentage of Ownership.

Classification: Highly Technical
Who may avail: All Partnerships and Corporations duly recorded and registered at Securities and Exchange Commission, respectively.
1. Duly accomplished request form EO Public Assistance/ OOTD
2. List of stockholders certified under oath by the Corporate To be provided by the Company
Secretary showing the present capital structure of the Company
(Names of stockholders, nationality, no. of shares and amount
subscribed, amount of paid-up capital)
3. Secretary’s Certificate on non-existence of intra-corporate Downloadable at SEC website through the following URL:
dispute http://www.sec.gov.ph/wp-
content/uploads/2015/07/Secretarys_Certificate_NonExistence_Corp_Dispute.pdf
4. Audited Financial Statements as of the last fiscal year, stamped To be provided by the Applicant
received by SEC and BIR
5. Audited Interim Financial Statements, in case there is/are External Auditor to be engaged by the Company
payment/s to unpaid subscription/s or additional issuance of shares
out of the unissued authorized capital stock thru cash infusion
made after the fiscal year or after the approval of the increase in
capital stock not covered by item 4, to be received by the EO after
the application has been reviewed by the Securities Counsel I
6. Monitoring Clearance SEC-BEO
Additional Requirement for Percentage of Ownership
7. Stock and transfer book of the corporation (to be presented for To be provided by the Applicant
verification)

CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON RESPONSIBLE
PAID
1. Secures a number from the 1. Calls the number and assists the None 5 min Frontline Staff/
OOTD client
2. Submits the requirements to 2. Records the application for -pre- None 25 min Frontline Staff
the Administrative Assistant II processing
for pre-processing
2.1. For first time applicants, Assigns Administrative Assistant II
the application to an EO
Securities Specialist
2.1.1. If for compliance, records

the date of submission and
forwards the application to
the assigned EO specialist
2.2. Advises the client when to follow 5 minutes Frontline Staff

up the application
2.3. Examines whether the Within 3 days Securities Counsel I

documents submitted are (including
complete in form and in draft certificate
substance. of paid-up
capital)
2.3.1. If application is complete
and in order, the Securities
Counsel I prepares Final
Report and submits it to the
EO Director/OIC for review

PAID
2.3.2. If application is for
compliance, specialist
prepares checklist of
deficiencies and informs
and returns it to the
applicant. Go to Step 1*
10 minutes Director
2.4. Evaluates the final report and
reviews the recommendation of
the Securities Counsel I
20 minutes Cashier/
2.5. If approved for filing, orders the Securities Specialist II
EO Specialist to issue Payment
Assessment Form (PAF)
2.5.1. If approved for filing, orders

the assigned EO specialist
to issue Payment
2.5.2. If not approved, returns the

application to the EO
Specialist. Go to Step 2.3.1
3. Prepares follow-up slip (form 3. Receives the follow-up slip and None 5 min Frontline Staff
is available at the Guard) and forwards it to the assigned financial
submits to OOTD/ specialist
4. Receives the Payment 4. Prepares and issues Payment None 10 min Securities Specialist II
Assessment Form Assessment Form (PAF) to the applicant

PAID
5. Pays the corresponding filing 5. Receives and acknowledges payment *PHP 1,040 per 10 min EO Cashier/ Specialist II
fees copy
*Inclusive of
Legal Research
Fee of PHP 10.00
and Documentary
Stamp Tax of
PHP 30.00
6. Submits complete application 6.1 Receives complete application None
requirements for processing requirement and validated PAF
together with the validated
PAF 6.2 Receives the Audited Interim Financial 10 min Administrative Assistant II
Statements and other docs
6.1 In case wherein the basis for
certification is Audited Interim 6.3 Prepares Certificate of Paid-up 10 min Securities Counsel I
Financial Statements, submits
the Audited Interim Financial 6.4 Signs the Certificate of Paid-up 10 min EO Director
Statements then proceeds to Capital
Step 6
6.6 Records the approved Certificate of 10 min Administrative Officer III
Paid-up Capital
7. Presents the Official Receipt 7. Receives the Official Receipt None 5 minutes Administrative Assistant II
to the Releasing Officer
8. Receives the duly signed 8. Releases the signed Certificate of Paid- None 10 minutes Administrative Assistant II
Certificate of Paid-up Capital up Capital
TOTAL PHP 1,040.00 / (Within) 3 days 1 hour
copy and 50 min

4. Increase of Capital Stock by way of Cash
This service details the procedure on application for increase of capital stock by way of Cash

Who may avail: Corporations duly registered at Securities and Exchange Commission
1. Cover sheet EO Public Assistance or
Downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-
content/uploads/2015/07/Cover_Sheet_for_Amendment.pdf
2. Certificate of Increase of Capital Stock No Prescribed format. To be prepared by the Company in accordance with the
Revised Corporation Code (Sections 15 and 37)
3. Treasurer’s Affidavit No prescribed format. To be prepared by the Company in accordance with
Section 37 of the Revised Corporation Code
4. Directors’ certificate EO Public Assistance or
Directors’ Certificate - http://www.sec.gov.ph/wp-
content/uploads/2015/07/Directors_Certificate.pdf
Trustees’ Certificate - http://www.sec.gov.ph/wp-
content/uploads/2015/07/Trustees_Certificate.pdf
5. Amended Articles of Incorporation To be prepared by the Company
6. List of stockholders of record as of date of meeting approving To be prepared by the Company
the increase, indicating their nationalities and their respective
subscribed and paid-up capital on the present authorized capital
stock certified under oath by the corporate secretary
7. Secretary’s Certificate on non-existence of intra-corporate EO Public Assistance or Downloadable at SEC website through the following
dispute URL:

8. Secretary’s Certificate on waiver of pre-emptive rights of non- EO Public Assistance or Downloadable at SEC website through the following
subscribing shareholders URL:
content/uploads/2015/07/Secretarys_Certificate_Waiver_Pre_emptive_Rights.pdf
9. i. AUDITED FINANCIAL STATEMENTS as of the last fiscal year To be provided by the company
stamped received by BIR and SEC, if payment for subscription
is already reflected therein)
ii. SPECIAL AUDIT REPORT, if: For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable
a) listed companies; at SEC website through the following URL:
b) public companies defined in the Securities Regulation Code; http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.pdf
c) companies that offer or sell securities to the public;
d) companies with secondary license;
e) Where payment to subscription to the increase is more than
P50,000,000.00
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath among

stockholder/s, treasurer and president for the corporation,
stating the number of additional shares subscribed to and paid
for. EO Public Assistance
Note: Per Memorandum Circular No. 11 Series of 2016
iv. For RURAL BANKS:

a) Notarized Certification on payment for subscriptions to be
signed by majority of the rural bank’s Board of Directors in
accordance with the form required by BSP

b) list of stockholders of record showing their respective
subscribed and paid-up amount before and after the increase
and the list of subscribers to the increase with their respective Bangko Sentral ng Pilipinas
subscription and payment as presented and approved by BSP
annexed to the notarized certification
10. If the foreign equity is increased to more than 40%, compliance Downloadable at SEC website through the following URL:
with registration under Foreign Investments Act*** http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.F-100.pdf
11. Endorsement/Clearance, if applicable Respective SEC Department/s or other regulatory Government Agencies
12. Monitoring Clearance SEC Extension Office
13. Others

PAID
1. Secures a number through 1. Calls the number through the None 5 min Frontline Staff
the queuing system system and assists the client
2. Submits the requirements to 2. Records the application for -pre- None 5 min Frontline Staff
the Administrative Assistant II processing
2.1. For first time applicants,

Assigns the application to a
2.1.1. If for compliance,

records the date of
submission and forwards
the application to the
assigned EO processor
None 30 min Securities Counsel I

PAID
2.2. Examines whether the
documents submitted are
complete in form and in
substance.
None Securities Specialist II
2.2.1. If application is complete
and in order, endorses to
Specialist II for
evaluation of financial
documents

and returns it to the
applicant. Go to Step 1
None 5 min Frontline Staff
2.3. Advises the client when to
follow up the application
(NOTE PERIOD/S FOR
MONITORING)
15 min Securities Specialist II
2.4. Reviews the final report
2.4.1. If compliant, issues

Payment Assessment
Form (PAF)

PAID
2.4.2. If not compliant, returns
specialist. Go to Step
2.3.2
3. Prepares follow-up slip (form 3. Receives the follow-up slip and None 5 min Frontline Staff
is available at the Guard) and forwards it to the assigned
submits to Counter Officer monitoring officer
4. Receives the Payment 4. Issues Payment Assessment Form None 10 min Securities Specialist II
Assessment Form (PAF) to the applicant
5. Pays the filing fees 5. Receives and acknowledges 1. Amended 15 min Cashier
payment Articles of
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,

PAID
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in
capital stock
computed at
PHP 100.00 per
share but not
less than PHP
3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
3. LRF -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
PHP 10.00

PAID
4. Documentary
Stamp tax of
PHP 60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST
of PHP 30.00
6. Presents complete 6. Assists clients/ receives complete None 5 min Frontline Staff/
documents to Receiving ICS documents Administrative Assistant II
Officer
7. Submits complete application 7. Receives the complete application None 30 min Administrative Assistant II
requirements for processing requirements and validated PAF
together with the validated
PAF in 4 sets 7.1. Prepares Certificate of None 30 min Administrative Assistant II/ COS
7.1. Increase of Capital Stock and
Amendment of Articles of
Incorporation
7.2. Signs and approves the None 15 min Director

application

PAID
7.3. Encodes the details of the None 15 min Administrative Officer III
Increase of Capital Stock in
the system
7.4. Forwards the approved

application to the Releasing
Unit
8. Waits for number/ corporate 8. Calls the number/ corporate name None 2 min Frontline Staff
name to be called by and assists the client
Releasing Officer
9. Presents the Official Receipt 9. Receives the Official Receipt None 3 min Administrative Assistant II
to the Releasing Officer
10. Receives the duly approved 10. Releases the duly approved None 10 minutes Administrative Assistant II
Certificate of Increase of Certificate of Increase of Capital
Capital Stock and Amended Stock and Amended Articles of
Articles of Incorporation Incorporation
TOTAL 1. Amended 3 hours and
Articles of 20 min
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –

PAID
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in
capital stock
computed at
PHP 100.00 per
share but not
less than PHP
3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher

PAID
3. LRF -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
PHP 10.00
4. Documentary
Stamp tax of
PHP 60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST
of PHP 30.00

5. Increase of Capital Stock through Payment other than Cash
This service details the procedure on application for increase of capital stock by way:
 Conversion of advances/liabilities to equity
 Stock Dividends
 Land, building / condominium units
 Untitled Lands
 Inventories / Furnitures / Personal Properties
 Heavy equipment and machinery
 Shares of stock
 Motor Vehicle
 Sea vessel / aircraft
 Intangibles
 Net assets
Note: If the application involves intricate legal issues, please refer to procedure for Merger / Consolidation.

BASIC REQUIREMENTS

dispute URL:
ADDITIONAL REQUIREMENTS
depending on the mode of payment
12. Conversion of Advances / Liabilities to Equity
12.1 Audited Financial Statements (AFS) as of the last fiscal year To be provided by the company
stamped received by BIR and SEC (if the advances are
already reflected therein)

12.2 A report to be rendered by an Independent CPA on the For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable
verification of the advances to be converted to equity, if not at SEC website through the following URL:
reflected in item 12.1 http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.pdf
12.3 Deed of Assignment of advances / liabilities To be provided by the Company
13. Stock Dividends
13.1 List of stockholders entitled to stock dividend with their To be provided by the Company
respective outstanding shares and the allocation of stock
dividend certified by the corporate secretary
13.2 Audited Financial Statements as of the last fiscal year received To be provided by the Company
by BIR and SEC
13.3 Secretary’s Certificate that on the basis of the computation of To be provided by the Company
the Finance Officer, the allocation of stock dividends as
indicated in the Certificate of Increase is in proportion to the
shareholdings of stockholders as of date of meeting
approving the dividend declaration or as of record date and
the treatment of resulting fractional shares, if any, are true
and correct
13.4 Secretary’s Certificate on the Board’s resolution to reverse To be provided by the Company
the appropriated retained earnings
13.5 Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series of 2008
downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-11s2008.pdf
14. Land, buildings / condominium units
14.1 Detailed schedule of property showing the registered owner, To be provided by the Applicant.
location, area, TCT/CCT no., tax declaration number and the
basis of transfer value (market value, assessed value or zonal
value) certified by the company accountant
14.2 Copy of TCT/CCT and tax declaration sheet certified by To be provided by the Applicant.
Register of Deeds and Assessor’s Office, respectively
14.3 Latest zonal valuation certified by BIR, if transfer value is To be provided by the Applicant.
based on zonal value

14.4 Appraisal report by a licensed real estate appraiser, if transfer To be provided by the Applicant.
value is based on appraised value (not more than 6 month
old)
14.5 Deed of Assignment To be provided by the Applicant.
14.6 If property is mortgaged, submit mortgagee/creditor’s To be provided by the Applicant.
certification on the outstanding loan balance and his/her
written consent to the transfer of property
14.7 For assignment of buildings where assignor is not the owner To be provided by the Applicant.
of the land, submit the lease contract on the land and consent
of the land owner to the transfer
14.8 Certification from the transferor stating that the improvements To be provided by the Applicant.
are existing and in good condition
14.9 Affidavit of undertaking by an officer of the corporation to To be provided by the Applicant.
submit the required proof of transfer within the prescribed For guidance, please refer to Memorandum Circular No. 14 series of 2013
period downloadable at SEC website through the following URL:
http://www.sec.gov.ph/wp-content/uploads/2016/06/sec-memo-no.14-s2013.pdf
15. Untitled Lands
15.1 Certification of the Barangay Chairman where the property is To be provided by the Applicant.
located, and at least two (2) adjoining property owners or
possessors, attesting that the subject land had been in the
possessor’s open, peaceful, continuous and uninterrupted
exclusive possession in the concept of an owner for at least
thirty (30) years and the possessor had introduced
improvements thereon, if any
15.2 Duplicate original or certified true copies of the tax declaration To be provided by the Applicant.
sheets
15.3 Latest realty tax receipts To be provided by the Applicant.
15.4 Affidavit by the transferor attesting continuous and open To be provided by the Applicant.
possession of the property is located
15.5 Affidavit of Non-Tenancy executed by Barangay Chairman of To be provided by the Applicant.
place where the property is located

15.6 Duplicate original or certified true copies of any deed, To be provided by the Applicant.
conveyance, mortgage, lease or other voluntary instrument
affecting the property recorded in the Register of Deeds for
the province of city where the land is situated
15.7 Affidavit executed by the transferor attesting to the: To be provided by the Applicant.
a. Existence (or non-existence) of easements over the untitled
property
b. Kind/description of the easement and its location
c. Whether the transferor is the dominant estate or the servient
estate, by virtue of such easements
15.8 Under oath undertaking of the transferor/subscriber to answer To be provided by the Applicant.
for any liability that the corporation might incur by virtue of
the acceptance of said property as paid-up capital
15.9 Clearance or certification from the Department of Agrarian To be provided by the Applicant.
Reform (DAR) attesting to the following:
a. There is no other claimant to the untitled land
b. it has not issued any Certificate of Land Ownership Award
(CLOA) over the property to any other party or
c. The land is exempt from the coverage of the
Comprehensive Agrarian Reform Program (CARP)
15.10 Blue Print Survey of the Plan as approved by the Bureau of To be provided by the Applicant.
Lands
15.11 Detailed schedule of the property showing its registered To be provided by the Applicant.
owner, location, area, tax declaration number and the basis of
transfer value (market value/ assessed value / zonal value or
appraised value)
15.13 Appraisal report by authorized appraiser, if transfer value is To be provided by the Applicant.
based on appraised value (not more than 6 month old)

15.15 Affidavit of undertaking to submit certified true copy of the To be provided by the Applicant.
original certificate of title in the name of the transferee-
corporation within one (1) year from the date of receipt of the
approval of the application
16. Inventories / Furniture / Personal Properties
16.1 Detailed schedule of property showing the description and the To be provided by the Applicant.
basis of transfer value (market value or book value) certified
by the company accountant
16.2 Special Audit Report by an Independent CPA on the To be provided by the Applicant.
verification and valuation of property, if transfer value is
based on book value
17. Heavy equipment and machinery
17.1 Detailed schedule of the property showing the description and To be provided by the Applicant.
the transfer value certified by the company accountant
17.2 Appraisal report by authorized appraiser (not more than 6 To be provided by the Applicant.
month old). If the property is imported, valuation report with
description of the property) by the Bangko Sentral Ng
Pilipinas.
17.4 Certification from the transferor stating that the properties are To be provided by the Applicant.
existing and in good condition
18. Shares of Stock
18.1 Detailed schedule of the shares of stock showing the To be provided by the Applicant.
stockholder, stock certificate number, no. of shares and the
basis of transfer value (market or book value) certified by the
company accountant
18.2 Audited financial statements of the investee company as of To be provided by the Applicant.
the last fiscal year received by BIR and SEC

18.4 Certification by the Corporate Secretary of the investee To be provided by the Applicant.
company that the shares are outstanding in the name of the
assignor
18.5 Photocopy of the stock certificate (present original for To be provided by the Applicant.
verification)
18.6 Latest market price quotation in the newspaper or certification To be provided by the Applicant.
from the stock exchange/broker as to latest market price of
the shares of stock (if listed in the Stock Exchange)
18.7 Affidavit of undertaking to submit the required proof of To be provided by the Applicant.
transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of 2013
19. Motor Vehicles
19.1 Detailed schedule of the motor vehicle showing the registered To be provided by the Applicant.
owner, make/model, plate number, chassis number, motor
number, certificate of registration number and market value
certified by the company accountant
19.2 Photocopy of certificate of registration and official receipt of To be provided by the Applicant.
annual registration fee (present original for verification)
month old)

19.6 Certification from the transferor stating that the motor vehicles To be provided by the Applicant.
are existing and in good running condition
20. Sea Vessel / Aircraft

20.1 Detailed schedule of vessel/aircraft showing registered Owner, To be provided by the Applicant.
registry number, technical description and appraised value
20.2 Certified true copy of the certificate of ownership To be provided by the Applicant.
month old)
20.4 Certificate of seaworthiness/airworthiness issued by To be provided by the Applicant.
appropriate government agency
21. Intangibles
21.1 Photocopy of System Purchase Agreement or any proof of To be provided by the Applicant
ownership (for software)
21.2 Copy of Certificate of Registration of Intellectual Property To be provided by the Applicant
Rights and mining permit for mining claims/rights
21.3 Appraisal report by an accredited appraisal company or by a To be provided by the Applicant
licensed Filipino mining engineer for mining claims/rights
(not more than 6 months old)
21.4 Deed of Assignment To be provided by the Applicant
21.5 Affidavit of undertaking by an officer of the company to To be provided by the Applicant.
submit proof of transfer of ownership within the prescribed For guidance, please refer to Memorandum Circular No. 14 series of 2013
22. Net Assets
22.1 Audited financial statements (AFS) of the applicant To be provided by the Applicant
corporation as of the last fiscal year received by BIR and SEC

22.2 Audited financial statements of single proprietorship / To be provided by the Applicant
partnership / division of corporation (for spin-off) as of last
fiscal year
22.3 Long-form audit report of item no. 22.2 To be provided by the Applicant
22.4 Deed of Assignment of the assets and liabilities To be provided by the Applicant
22.5 List of creditors with the amount due to each creditor as of To be provided by the Applicant
date of the AFS certified by the auditor or certified under oath
by the company accountant and written consent of creditors
22.6 Detailed schedule of properties with certificate of To be provided by the Applicant
registration/titles and their respective book values certified
22.7 Photocopy of the certificate of registration of the motor To be provided by the Applicant
vehicles (present original for verification)
22.8 Copy of TCT/CCT and tax declaration sheets certified by the To be provided by the Applicant
22.9 Photocopy of stock certificates (present original for To be provided by the Applicant
verification)
22.10 DTI Certificate of Registration (for single proprietorship) To be provided by the Applicant

PAID
1. Secures a number through 1. Calls the number through the system and None 1 hour Frontline Staff
the queuing system assists the client
2. Submits the requirements to 2. Records the application for -pre-processing None 4 hours Frontline Staff
the Counter Officer Securities Specialist II

PAID
2.1. For first time applicants, Assigns the EO Director
application to a FAAD specialist
2.1.1. If for compliance, records the

date of submission and forwards
the application to the assigned
FAAD Specialist
None 3 hours
2.2. Advises the client when to follow up
the application
None 19 working days
2.3. Examines whether the documents
submitted are complete in form and in
substance.
2.3.1. If application is complete and in

order, the specialist prepares
Final Report and submits it to the
Assistant Director
2.3.2. If application is for compliance,

specialist prepares checklist of
deficiencies and informs and
returns it to the applicant. Go to
Step 1

PAID
2.4.1. If compliant, orders the FAAD
Specialist to issue Payment
2.4.2. If not compliant, returns the None 19 working days

application to the FAAD
Specialist. Go to Step 2.3.2
3. Prepares follow-up slip 3. Receives the follow-up slip and forwards it None 2 hours Frontline Staff
(form is available at the to the assigned financial specialist
Guard) and submits to
Counter Officer
4. Receives the Payment 4. Prepares and issues Payment Assessment None 2 hours Securities Specialist II
Assessment Form Form (PAF) to the applicant Securities Counsel I
5. Pays the filing fees 5. Receives and acknowledges payment 1. Amended 2 hours EO Cashier
Articles of
Incorporation –
PHP 1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in
capital stock but
not less than

PAID
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in
capital stock
computed at
PHP 100.00 per
share but not
less than PHP
3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
3. LRF -
equivalent to 1%
of the computed
filing fee for

PAID
Increase of
Capital Stock but
not less than
PHP 10.00
4. Documentary
Stamp tax of
PHP 60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP
30.00 and DST
of PHP 30.00
6. Secures a number through 6. Calls the number through the system and None 2 hours Frontline Staff
the queuing system assists the client Information Officer III
(Receiving)
7. Submits complete 7. Receives the complete application None 2 hours EO Receiving Unit
application requirements for requirements and validated PAF and
processing together with the advises the client when to follow up its
validated PAF in 4 sets status

PAID
7.1. Encodes the details of the application
in the system and forwards the None 3 working days Administrative Officer II
application to the Support Staff Securities Specialist II
7.2. Prepares Certificate
7.3. Signs and approves the application

7.4. Encodes approved application in the
system None 3 working days Administrative Officer II
7.5. Forwards the approved application to None 12 working days Securities Specialist II
the Releasing Unit EO Director
None 1 working day

Administrative Officer III
8. Secures a number through 8. Calls the number through the system and None 2 hours Frontline Staff
the queuing system assists the client
(Releasing)
9. Presents the Official 9. Receives the Official Receipt None 2 hours Administrative Assistant II
Receipt to the Counter
Officer
10. Receives the duly approved 10. Releases the duly approved application None 2 hours Administrative Assistant II
application
TOTAL 1. Amended 1. 20 working days
Articles of from Step 1 to 2.3
Incorporation –
PHP 1,010* 2. 20 working days
from Step 2.4 to Step
Plus 6

PAID
2. Increase of 3. 20 working days

Capital Stock - from Step 7 to Step
**For corporation 10
with par value –
1/5 of 1% of the
increase in
capital stock but
not less than
PHP 3,000.00 or
the subscription
price of the
subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in
capital stock
computed at
PHP 100.00 per
share but not
less than PHP
3,000.00 or the
issue value of

PAID
the subscribed
capital stock,
whichever is
higher
3. LRF -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
PHP 10.00
4. Documentary
Stamp tax of
PHP 60.00
*Inclusive of LRF
of PHP 10.00
***For
Corporations
with FIA
Application -
Additional PHP
3,060, inclusive
of LRF of PHP

PAID
30.00 and DST
of PHP 30.00
6. Issuance of Certificates of No Derogatory Information

This service details the procedure on Issuance of Certificates of No Derogatory Information.

Classification: Complex
Who may avail: All Registered Partnerships, Domestic Corporations, and Licensed Foreign Corporations
SEC FORM 2015-001 (1 Original) SEC EO
Monitoring Clearance (1 photocopy)

* Primary Licenses SEC EO
* Lending CGFD
* Foundation CGFD
For Corporations with Secondary Licenses, attach the Articles of Corporate Secretary or at www.secexpress.ph
Incorporation or latest Amended Articles of Incorporation, if any
For Partnerships, attach the Articles of Partnership or latest Corporate Secretary or at www.secexpress.ph
Amended Articles of Partnership, if any

PAID
1. Secures a queuing number in 1. Calls the number through the system None 2 minutes Frontline Staff
SEC EO and assists the client
2. Waits for the processing of 2. Receives application None 3 min

request
2.1. Receives the PAF and
pays to the Cashier. 2.1. Evaluate attachments and checks 10 min Administrative Assistant II
status through ODRS
2.2. Verifies the status of corporation 10 min Securities Specialist I

through CIS-URDB.
2.3. Monitoring of compliance with SEC Monitoring Officer –

reports and other SEC Securities Specialist II
requirements Securities Specialist I
Admin Officer III
(NOTE PERIOD/S FOR Securities Counsel I
MONITORING)
2.3.1. If application is cleared, a Penalties if found 10 min Cashier

Payment Assessment Form is delinquent
issued to applicant with
instruction to pay at the Certification Fee
Cashier. – PHP 500
Documentary
2.3.2. If not cleared in Certification Stamp Tax – PHP
Issuance System-Unified 30
Reference Database (CIS-

PAID
URDB), instructs the applicant
to return to the department
who encoded the infraction.
2.4. Receives the machine validated

Payment Assessment Form. 5 min Administrative Assistant II/
COS
2.5. Prints the Certificate of No
Derogatory Information through the 15 min Securities Specialist I
CIS-URDB.
2.6. Reviews the application and signs

the Certificate of No Derogatory 10 minutes EO Director
Information.
3. Waits for name/number to be 3. Calls the number None 5 min Frontline Staff
called
4. Receives the certification 4. Seals the Certificate of No Derogatory None 5 min Administrative Assistant II
Information with the SEC logo
4.1. Releases the Certificate of No

Derogatory Information (CNDI) to
the applicant.
TOTAL PHP 530 1 hour and
15 minutes

7. Issuance of Plain/Authenticated Copies of Documents
This service details the procedure on request for plain and/or authenticated copies of documents on file with the Commission.

Type of Transaction: G2G – Government to Government
Who may avail: All Government Agencies
Signed Letter Request (1 original, 1 photocopy) Requesting Government Agency
1. Submits the letter to the 1. Receives the letter request None 10 minutes Frontline Staff
Office of the Director (OD) –
EO 1.1. Assigns and forwards to
concerned EO staff
2. Waits to process the request 2. Prepares the requested PHP 10.00 per page 10 min per document Administrative Assistant II/
documents and forwards to Administrative Assistant i/ COS
the Admin Asst I/
2.1. *If plain copy, prints the

documents
2.2. **If authenticated copy,

prints and stamps the
documents
None 15 min Securities Counsel I

2.3. Prepares the letter reply Securities Specialist II

and/or Payment
and forwards the same
together with the
documents to the
Administrative Officer III
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government
Service Insurance
System (GSIS) and
other profit-making
agencies, issues
the PAF
2.4. For non-profit making

agencies, do not issue a
PAF
5 min EO Director/
2.5. Signs the letter and/or Securities Counsel I
documents and forwards
to the Administrative
Assistant II

3. Receives the transmittal letter 3. Transmits the signed letter None 10 min Admin Officer III
with attached document/s reply with attached
documents
3.1. If the requesting party is

nearby SEC Extension
Office, personally call the
requestor to receive the
document/s

outside Metro Manila,
transmits by
courier/express
3.3. Transmits the signed

letter reply with attached
PAF through
courier/express
TOTAL P10.00 per page 50 minutes

8. Public Assistance and Complaint Action
This service details the assistance rendered to walk-in clients on their concerns and queries pertaining to SEC matters. This is also to provide
advice and counseling on their complaints as well to refer clients to appropriate SEC Department, if applicable.

Type of Transaction: G2C- Government to Citizen
Who may avail: All
None None
1. Gets a number from the 1. Calls number of client None 5 min Frontline Staff
OOTD/ Frontline Staff COS
2. Presents concern/s, query or 2. Action/s depending None 5 min Frontline Staff
complaint (OOTD)
2.1. Presents written 2.1. On the nature of the 15 min Frontline Staff
complaint concern/query; or (OOTD)
2.2. Hands out the requested 5 min Frontline Staff

checklist of (OOTD)
requirements, guidelines,
or sample forms;
2.3. Refers to the appropriate 5 min Director

EO staff

2.4. Endorses written Concerned EO Staff depending

complaint to the Office of 25 min on the nature of inquiry/
the Director and advises assistance/ complaint
party to expect feedback Securities Counsel I (Legal)
within five (5) working Securities Specialist II or
days Securities Specialist I (Technical/
Financial)
2.5. Gives advisory (but if
2.2. No written complaint involves complex legal/
technical issues, advise
to put complaint in
writing/ send through
email)
TOTAL None 1 hour
9. Registration of Corporations through the Company Registration System (CRS) under Manual Processing
This service details the manual processing of registration of domestic corporations without secondary licenses upon the submission of the
application through the Company Registration System (CRS). This is to facilitate a faster evaluation of the application without undergoing the entire
online process of the Company Registration System (CRS).

Type of Transaction: G2C – Government to Client; G2B – Government to Business
Who may avail: All Natural and Juridical persons and their representatives
 Cover Sheet Company Registration System (CRS)

 Articles of Partnership (for partnerships) SEC Extension Office
 Articles of Incorporation (for stock and non-stock
corporations)
 Treasurer’s Affidavit (for stock corporation only)  CRS website: crs.sec.gov.ph
 By-Laws (for stock and non-stock corporations)  Computation of filing fee: www.sec.gov.ph/wp-
 Foreign Investments Act Form 100 (for stock corporations content/uploads/2017/03/2017MCno03-new2.pdf
with more than 40% foreign equity) whose paid-up capital is
CASH
 Affidavit of Accuracy
 Affidavit of Correctness
*Please be informed to arranged in accordance with the order in the

checklist in 1 original and 2 photocopies
1. Creates an email account in 1. System sends verification None Applicant/Registrant

the CRS confirmation to allow applicant
to sign-in into the facilities
therein.
1.1. Email account created

automatically expires
within 90 calendar days
if inactive.
2. Verifies, reserves or appeals 2. System validates proposed None Applicant/Registrant
the proposed company name company name in accordance
with or without trade name/s with Memorandum Circular
No. 13 series of 2019

2.1. Reservation of proposed

company name expires
on the 4th day if in-forms
are not filled up
3. Starts filling out company 3. Systems validates the None Applicant/Registrant
details and submit forms on- company information encoded
line
4. Submits the hard copies of 4. Receives the application For stock corporation 10 min Frontline Staff
signed and notarized documents and assigns to a based on the
documents processor authorized capital
stock:
4.1. Processes the submitted With par value: 1/5 of 30 minutes Securities Counsel I
application in 1% of the authorized
accordance with the capital stock but not
Revised Corporation less than PHP 2,000
Code, Guidelines on or the subscription
Corporate names, price of the
Foreign Investments Act, subscribed capital
Anti-Dummy Law and stock whichever is
other special laws and higher
applicable SEC rules Without par value: 1/5
and regulations of 1% of the
authorized capital
4.1.1. If compliant, stock computed at 20 minutes Securities Specialist II/ Cashier
processor issues a PHP 100 per share
Payment but not less than PHP
Assessment Form 2,000 or the issue
(PAF) value of the
subscribed capital

4.1.2. Required filing fees stock whichever is

based on Memo higher
Circular No. 3, By-Laws for both
series of 2017 stock and non-stock
corporations: PHP
4.1.2.1. If non- 1,000
compliant, Articles of
application will Incorporation for non-
be returned to stock corporation:
the party PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional trade
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
Filing Fee but not less
than Ten Pesos (PHP
10.00)
5. Submits the proof of payment 5. Officially receives and stamps None 15 min Administrative Assistant II/
and documents the hard copies of the COS
registration application
forwards to SEC EO for

generation of the Certificate of

Registration (COR)
5.1. Enters company name in Administrative Assistant II

the EO Masterlist and
prints Certificate
5.2. Reviews and evaluates 3 days EO Director

the printed certificate
with supporting
documents
5.2.1. If compliant, signing

of the Certificate of
Registration (COR)
5.2.2. If non-compliant,
documents were
returned to the
processor, then to
the party/client
6. Presents Official Receipt to 6. Releases the Certificate None 15 minutes Administrative Assistant II
secure the Certificate of together with registration
Incorporation application then stamps
release the official receipt
TOTAL For stock corporation (within) 3 days 1 hour
based on the and 30 minutes
authorized capital
stock:

With par value: 1/5 of

1% of the authorized
capital stock but not
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value: 1/5
of 1% of the
authorized capital
stock computed at
PHP 100 per share
but not less than PHP
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
Incorporation for non-
stock corporation:
PHP 1,000

Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
10. Registration of Corporations with less than 5 Incorporators

This service details the procedure on registration of corporations consisting of less than five incorporators and/or with partnership association or
corporations as incorporators pursuant to Section 10 of the Revised Corporation Code (RCC)

 Cover Sheet SEC Extension Office

 Articles of Incorporation (for stock and non-stock  Computation of filing fee: www.sec.gov.ph/wp-
corporations) content/uploads/2017/03/2017MCno03-new2.pdf
 Treasurer’s Affidavit (for stock corporation only, optional if
Treasurer’s Certificate in accordance with the RCC is
incorporated in the Articles of Incorporation (AI))
 By-Laws (for stock and non-stock corporations)
 Foreign Investments Act Form 100 (for stock corporations
CASH

1. Fill-out Name Verification Slip 1. Verifies and reserves the None 5 minutes Online processing/ Client
for the proposed company proposed company name with
name or without trade name/s in
accordance with
Memorandum Circular No. 13
series of 2019

on the 30th day
2. Prepares necessary 2. None None 30 minutes Applicant/registrant
documents
3. Submits the hard copies of 3. Receives the application None 5 minutes Administrative Assistant II
signed and notarized documents and endorses to
documents Securities Counsel I

(within) 2 days Securities Counsel I

3.1. Processes the submitted
application in
accordance with the
Corporation Code of the
Philippines, Guidelines
on Corporate names,
Foreign Investments Act,
Anti-Dummy Law and
other special laws and
SEC rules and
regulations
3.1.1. If compliant, For stock corporation (included in Securities Specialist II (Cashier)/

processor issues a based on the the 2-day Administrative Assistant II
Payment authorized capital period)
Assessment Form stock:
(PAF) With par value: 1/5 of
3.2. Required filing fees capital stock but not
based on Memo Circular less than PHP 2,000
No. 13, series of 2019 or the subscription
price of the
3.2.1. If non-compliant, subscribed capital
application will be stock whichever is
returned to the party higher
of 1% of the
authorized capital

stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the


than Ten Pesos (PHP
10.00)
4. Submits the proof of payment 4. Officially receives payment None 15 minutes Cashier
and documents
4.1. Stamps the hard copies 15 minutes Administrative Assistant II
of the registration
application and forwards
to the Securities Counsel
I for generation of the
Certificate of
Registration (COR)
4.2. Enters company name in 20 minutes Securities Counsel I

the OPC/MPC system
and prints Certificate
4.3. Reviews and evaluates 10 minutes Director

the application with
supporting documents

of the Certificate
documents returned
to the processor,
then to the
party/client

5. Presents Official Receipt to 5. Enters company name in the None 10 minutes Releasing Officer/
secure the Certificate of Masterlist/ OPC MPC system Administrative Assistant II
Incorporation and releases the Certificate
together with registration
application then stamps
TOTAL For stock corporation 2 days 1 hour and 50
based on the minutes
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital

stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

11. Registration of One Person Corporation (OPC)
This service details the procedure on registration of One Person Corporation (OPC) pursuant to Section 5, 115-132 of the Revised Corporation Code
(R.A. No. 11232)

 Articles of Incorporation
 Acceptance letter of the Nominee and Alternate Nominee  Computation of filing fee: www.sec.gov.ph/wp-
content/uploads/2017/03/2017MCno03-new2.pdf
checklist in 1 original set and 2 photocopies
1. Fill-out Name Verification Slip 1. Verifies and reserves the None 10 minutes Applicant/ Registrant
accordance with
series of 2019

on the 30th day

2. Prepares necessary 2. None None 35 minutes Applicant/registrant

documents for OPC
3. Submits the hard copies of 3. Receives the application None 5 minutes Administrative Assistant II
signed and notarized documents and assigns to a
documents at Counter 6 processor
3.1. Processes the submitted 15 minutes Securities Counsel I

application in
accordance with the
Revised Corporation
Code, Guidelines on
Corporate names,
Anti-Dummy Law and
applicable SEC rules
and regulations
3.1.1. If compliant, For stock corporation 5 minutes Securities Specialist II

Cashier/ Specialist based on the
II issues a Payment authorized capital
3.1.2. Required filing fees capital stock but not
based on Memo less than PHP 2,000
Circular No. 3, or the subscription
series of 2017 price of the
subscribed capital

3.1.3. If non-compliant, stock whichever is

application will be higher
returned to the party Without par value: 1/5
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

4. Submits the proof of payment 4. Officially receives and stamps None 15 min Administrative Assistant II
and documents the hard copies of the
registration application,
forwards to SEC EO for the
Registration (COR)
4.1. Enters company name in 15 min Securities Counsel I

the EO Masterlist/ OPC
MPC system and prints
Certificate
4.2. Reviews and evaluates 5 minutes EO Director

the application and

Registration (COR)
documents returned
to the processor,
then to the
party/client
5. Presents Official Receipt to 5. Enters company name in the None 15 min Administrative Assistant II
secure the Certificate of Masterlist and releases the
Incorporation and signs the e- Certificate together with
tablet receiving portal as registration application then

proof of receipt of the stamps release the official

Certificate of Registration receipt
(COR)
TOTAL For stock corporation 2 hours
based on the
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher

Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
12. Request for Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock)
This service details the procedure on Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock)
Classification: Complex (for Ordinary Corp)/ Highly Technical (for Financial Intermediaries and Foundations)
Type of Transaction: G2C – Government to Citizen
1) Copy of the Latest due Financial Statements and any To be provided by client
amendments thereto (duly stamped received by BIR and SEC)
2) Copy of the Latest due General Information Sheet and any
amendments thereto (duly stamped received by SEC)

3) Copy of the Certificate of Incorporation and latest Certificate of
filing of Amended Articles or By-laws (if any) together with
copies of the latest Articles of Incorporation and By-laws
4) Copy of Registration of Stock and Transfer Book/Membership
Book
5) Copy of the latest Confirmation of Payment (COP), if any
6) Other documents (per monitorer's instructions) such as:
 Secretary's Certificate explaining the double filing of General
Information Sheet;
 Secretary's Certificate of No Intra-Corporate Dispute;
 Secretary's Certificate (Clarification)
 Affidavit of the Corporate Secretary (Anti-Dummy Law/One Public Assistance and Complaint Desk
and the Same/Auditor);
 General Formal for Financial Statements when the gross
revenue/total assets exceeds Five Million Pesos (P5,000,000)
 OGA's Acknowledgement on Functional Currency
1. Submits completely filled-up 1. Pre-evaluates required None 10 minutes Frontline Staff/COS

"Request for Monitoring" and documents
the required documents
1.1. If documents are not
complete, the same are
returned together with
the checklist of the
requirements;
1.2. If the documents are

complete the request is

accepted and issues an

acknowledgement
receipt indicating the
date of return
1.3. Checks status of the

subject corporation, and Guidelines on the within Securities Counsel I
assigns monitoring task Imposition of fines or 5 days –
penalties for For ordinary
1.4. Determines compliance, noncompliance with corporations
deficiencies and reportorial Monitoring Specialists –
violations, and prepares requirements; within Administrative Assistant II
the Monitoring Sheet Memorandum Circular 10 days Admin Officer III
(MSh) No. 8, series of 2009 - For FCs, Securities Specialist I
(MC8-2009); LCs, MFIs, Securities Specialist II
Amended rules Foundations) Securities Counsel I
governing the
distribution of excess
profits of corporation;
Memorandum Circular
No. 8, Series of 1998
(MC8-1998); and
Office Order No. 298,
Series of 2010
2. Returns on assigned day, and 2. Presents the findings to the None 15 min Monitoring Officer/s
if is agreeable to the findings applicant
presented, signs the MS
2.1.1. If there are no
deficiencies, the

MSh prepared by
the Monitoring Staff
will indicate such
finding with
computation of
penalties and will be
directly submitted to
the EO
Director/Officer-in-
Charge for signing
2.1.2. Note: If applicable,

clarification and
further compliance
may be required by
the monitoring
officer prior to the
release of the
monitoring sheet
(with the approval of
EO Director, a
clarificatory
conference with the
parties may be
called)
2.2. Prepares and issues the 5 min Cashier/

Payment Assessment Securities Specialist II
Form (PAF)

3. Pays the assessed fines and 3. Receives payment of None 5 min Cashier
penalties assessed fines and penalties
Note: Applicant with request and issues official receipt
for reduction or payment in
installment of fines, the
procedure for reduction of
fines or payment in
installment will be followed.
4. Presents PAF 4. Receives the PAF together 10 min Administrative Assistant II
with the other documents and
indicates date of the release
of the Confirmation of
Payment of Fines (COP)
4.1 Prepares the COP
4.2 Review and signs the 10 min Director

COP or MS, if without penalty
4.3 If upon review, there are

determined
deficiencies/corrections, it will
be returned to the applicant
until the same has been
complied with
5. Receives COP and MS 5. Releases the COP and MS 5 min Frontline Staff
6. The Decision (Order of Administrative Officer III
Payment/ Record of

Penalties) shall be entered in

the Book of Entry of
Judgments (SEC Rules of
Procedure, Part 4, Rule II,
Section 2-4)
TOTAL Depends on assessed 5 days and 1 hour for
fines & penalties ordinary corp
10 days and 1 hour for

financial
intermediaries and
foundations
13. Receiving of Document/s (Reports/Reportorial Requirements – i.e. General Information Sheet and Audited Financial
Statements; documents other than reports – i.e. correspondences, etc.)
This service details the procedure on receiving reportorial requirements of registered corporations such as but not limited to the following: General
Information Sheet (GIS), Audited Financial Statements (AFS), and other correspondences.
Type of Transaction: G2C – Government to Business
Who may avail: General Public
If reports/reportorial requirements, bring 5 sets/copies.
Otherwise, no other requirements needed.

Option 1 – Walk-in submission of reports/reportorial requirements
1. Client gets queue number 1. Calls on the client's number None 2 min EO Frontline
from OOTD
2. Encodes document, prints
2. Presents 5 sets/copies of barcode page, and attached 5 min/doc Administrative Assistant II/
document barcode page to each copy Admin Asst I/
Admin Officer III
3. Claims 1 set for his file copy, 3. Retains 4 sets including 5 min Administrative Assistant II/
including the original and returns 1 set to Admin Asst I/
acknowledgement receipt client Admin Officer III
(barcode page)
TOTAL None 12 minutes

EXTENSION OFFICES
TARLAC CITY
2/F Legislative Building,

Tarlac City

Office or Division: SEC Tarlac Extension Office (SEC-TEO)
1. Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the Public
CORPORATIONS) 1 set original and 3 sets photocopies Assistance and Complaint Desk or through the Commission’s website at
http://www.sec.gov.ph/services-2/company-2/amendment/
corporate dispute
5. Compliance Monitoring Division (CMD) / EO Monitoring Officer SEC-TEO
Clearance
6.1. Clearance from other SEC departments, if applicable
6.1.1. -For Investment company, Financing and Lending Corporate Governance and Finance Department (CGFD)
companies, issuers of proprietary or non-proprietary
membership (i.e. golf clubs), listed and public
companies and foundation (1 original copy)

6.1.2. -For Capital Market Institutions (i.e. Exchange, Broker, Markets and Securities Regulation Department (MSRD)
Dealer, Investment House (1 original copy)
A. Banks, Pawnshops and other Financial Intermediaries with Quasi-Banking

Functions - Bangko Sentral ng Pilipinas


7.1. If the provision to be amended is the corporate name,
submit:
7.1.1. Name Verification Slip (1 original) Name verification slip may be secured manually through the SEC EO by the
verifying officer
7.1.2. Affidavit of a director, trustees or officer undertaking to May secure copy from the Public Assistance and Complaint Desk/ Officer of the
change corporate name. (Not required if already stated Day
in the Al)
7.2. If the provision to be amended is for registered corporations May secure copy from the Public Assistance and Complaint Desk or may
increasing its foreign equity to more than 40%, submit: F- download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
101 registration/
8. If the provision to be amended is for registered corporations with May secure copy from the Public Assistance and Complaint Desk or may
more than 40% increasing further the percentage of such equity, download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
submit: F-102 registration/

1. If corporate name is for 1. Approves or denies P100.00 per proposed 10 minutes per Name Verification Officer
amendment: proposed name/s or trade corporate/trade name/s application
name/s
1.1. Fills out Name
Verification Forms 1.1. Approves or denies None 4-7 hours per
(Verifies, reserves or appeal for the application
company name with or proposed name/s or
without trade name/s) trade name/s

for the proposed
corporate name
2. For pre-processing, secures 2. Verifies completeness of None 5-15 minutes per EO Frontline Staff
number from the guard on amendment requirements application Admin Asst. II
Counter for presentment of 2.1. If documents are
documentary requirements complete:
2.1.1. Accepts
documents for
assignment to
EO processors
2.2. If documents are

incomplete:
2.2.1. Returns
documents to

clients for
compliance
3. Waits for the corporation’s 3. Processes and evaluates None 1-2 working days Administrative Officer II
name to be called by the application for amendment (depending on the Securities Specialist I, II
assigned EO processor complexity of the
3.1. If compliant, issues documentary
Payment Assessment requirements)
Form
3.2. If non-compliant,
issues a checklist for
compliance
4. Pays the filing fee 4. Issues the Official Receipt Filing Fees: 10 minutes Cashier
and machine-validated
Payment Assessment Amendment of Articles of
Form Inc. or By-laws : PHP
1,040.00 (*+**+***)
If Amendment of Articles
of Inc. and By-laws: PHP
2,080.00
(*+*+**+**+***+***)
Incorporation – PHP
1,000.00 Amendment of
By-Laws – PHP 1,000.00

**Documentary Stamp
Taxes – PHP 30.00
***Legal Research Fee-
1% of the Filing Fee for
amendment (PHP 10.00)
**** Amendment with
corporate/trade names,
with additional PHP
100.00 per reserved
corporate/trade name/s
******Amendment by
increasing foreign equity
FIA forms (PHP 3,000.00
with LRF of PHP 30.00)
5. Proceeds to EO Counter for 5. Receives and verifies None 5 minutes per EO Frontline Staff
presentment of documentary documentary requirements application COS
requirements with proof of and proofs of payment
payment
6. Waits for the issuance of 6. Prepares the Certificate of None 5 minutes per Administrative Assistant II
signed Certificate Amended Articles of application
Incorporation and/or By-
laws
6.1. Signs the Certificate None 5 minutes per EO Director/OIC

of Amended Articles application
of Incorporation
and/or By-laws
None Administrative Assistant II

6.2. Encodes signed 5 minutes per

Certificate of application
Amended Articles of
Incorporation and/or
By-laws
7. Proceeds to EO Counter for 7. Releases signed Certificate None 5 minutes per EO Frontline Staff
presentment of the original of Amended Articles of application COS
proof of payment and Incorporation and/or By-
receives the signed laws
and/or By-laws
TOTAL PHP 100.00 per proposed 3 days
Filing Fees:
Inc. or By-laws : PHP
1,040.00 (*+**+***)
2,080.00
(*+*+**+**+***+***)
By-Laws – P1,000.00

**Documentary Stamp
Taxes - PHP 30.00

**** Amendment with
with additional PHP
100.00 per reserved
******Amendment by


1. Basic Requirements (1 set original and 3 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Partnership Registration Division or through the Commission’s website through
2. Cover Sheet; and
4.1. Endorsement from other government agencies, if A. Banks, Pawnshops and other Financial Intermediaries with Quasi-Banking
applicable (1 original) Functions - Bangko Sentral ng Pilipinas
4.2. If the provision to be amended is the partnership name,
submit:
4.2.1. Name Verification Slip (1 original) Name verification slip may be secured manually by OOTD
4.2.2. Affidavit of a partner to change partnership name. (Not May secure copy from the Public Assistance and Complaint Desk/ OOTD
required if already stated in the AP) (1 original; 3
photocopies)
4.3. If the provision to be amended is the change of partners,
submit:
4.3.1. Deed of Assignment of partnership interest and or Assignee and Assignor Partners
documents showing withdrawal, resignation,

retirement and death of a partner (1 original; 3
photocopies)
4.4. If provision for amendment is to have foreign equity of a May secure copy from the Public Assistance and Complaint Desk or may download
registered partnership, submit: F-106 through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
registration/
5. If provision for amendment is to further increase the foreign May secure copy from the Public Assistance and Complaint Desk or may
registration/
1. If partnership name is for 1. Approves or denies proposed PHP 100.00 per 10 minutes per Name Verification Officer
amendment: name/s or trade name/s proposed application
partnership/trade
Verification Form
(Verifies, reserves or 1.1. Approves or denies
company name with or appeal for the proposed None 4-7 hours per
without trade name/s) name/s or trade name/s application

for the proposed
partnership name
number from the guard on amendment requirements application Information Officer III
Counter for presentment of 2.1. If documents are
documentary requirements complete:

2.1.1. Accepts documents

for assignment to
EO processors

incomplete:
2.1.2.1. Returns
documents to
clients for
compliance
3. Waits for the partnership’s 3. Processes and evaluates None 1-2 days per Administrative Officer II
name to be called by the application for amendment application Securities Specialist I
assigned EO processor (depending on the Securities Specialist II
3.1. If complete and complexity of the
compliant, issues documentary
Form
3.2. If non-compliant, issues

a checklist for
compliance
Payment Assessment Form Amendment of Articles
Partnership: PHP
2,050.00 (*+**+***)
*Amended Articles of
Partnership

**Documentary Stamp
Taxes - PHP 30.00
***Legal Research
Fee-
amendment (PHP
20.00)
**** Amendment with
partnership/trade
PHP 100.00 per
reserved
*****Amendment with
Deed of Assignment of
PHP 2,000.00 per
Deed
******Amendment of
Partnership with
Increase in Capital –
1/5 of 1% of the
Partnership’s Capital
2,000.00
*******Amendment by
increasing foreign


PHP 30.00)
5. Proceeds to EO Counter for 5. Receives and verifies None 3-5 minutes per EO Frontline Staff
presentment of documentary documentary requirements application Information Officer III
payment
6. Waits for the issuance of 6. Prepares the Certificate of None 3-5 minutes per Administrative Assistant II
Partnership
6.1. Signs the Certificate of 5 minutes per EO Director/OIC

Amended Articles of application
Partnership
6.2. Encodes signed 5 minutes per Administrative Assistant II

Certificate of Amended application
Articles of Partnership
7. Proceeds to EO Counter for 7. Releases signed Certificate of None 5 minutes per EO Frontline Staff
presentment of original proof Amended Articles of application Information Officer III
of payment and receives Partnership
signed Certificate of
Amended Articles of
Partnership
TOTAL PHP 100.00 per 3 days
proposed
partnership/trade
name/s

Filing Fees:
Partnership: PHP
2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P PHP 30.00
***Legal Research
Fee-
amendment (PHP
20.00)
**** Amendment with
partnership/trade
PHP 100.00 per
reserved
*****Amendment with
PHP 2,000.00 per
Deed
******Amendment of
Partnership with
1/5 of 1% of the

2,000.00
*******Amendment by
increasing foreign
PHP 30.00)



payment/s to unpaid subscription/s or additional issuance of
shares out of the unissued authorized capital stock thru cash
infusion made after the fiscal year or after the approval of the
increase in capital stock not covered by item 4, to be received by
the EO after the application has been reviewed by the Securities
Counsel I
6. Monitoring Clearance SEC-TEO
verification)
1. Secures a number from the 1. Calls the number and assists None 5 minutes EO Frontline Staff/
guard on duty the client COS
2. Submits the requirements to 2. Records the application for - None 10 minutes EO Frontline Staff
the EO counter for pre- pre-processing
processing
2.1. For first time applicants, 10 minutes
Assigns the application
to an EO staff
2.1.1. If for compliance, 10 minutes

records the date of
submission and
forwards the
application to the
assigned EO staff

2.2. Advises the client when None 10 minutes EO Frontline Staff

to follow up the
application
2.3. Examines whether the None 1 working day Admin Officer IV

documents submitted Securities Specialist I
are complete in form and Securities Specialist II
in substance. Securities Counsel I
2.3.1. If application is 30 minutes

complete and in
order, the assigned
EO staff prepares
Final Report and
submits it to the
for review
2.3.2. If application is for 30 minutes

compliance,
assigned EO staff
prepares checklist
of deficiencies and
informs and returns
it to the applicant.
Go to Step 1*
2.4. Evaluates the final report 1 working day Securities Counsel I

and recommends

approval to the EO
Director
2.4.1. If compliant,
forwards the
application to the
EO Director for final
review and
signature
2.4.2. If not compliant,

returns the
application to the
assigned EO staff.
Go to Step 2.3.1
2.5. Reviews the

recommendation of the 1-4 hours EO Director
2.5.1. If approved for

filing, orders the
assigned EO staff to
issue Payment
Assessment Form
(PAF)
2.5.2. If not approved,

returns the

application to the
assigned EO staff.
Go to Step 2.3.1
3. Prepares follow-up slip (form 3. Receives the follow-up slip and None 15 minutes Counter Officer
is available at the Guard) and forwards it to the assigned EO
submits to Counter Officer staff
4. Receives the Payment 4. Prepares and issues Payment None 10 minutes Admin Officer IV
Assessment Form Assessment Form (PAF) to the Securities Specialist I
applicant Securities Specialist II
5. Pays the corresponding filing 5. Receives and acknowledges *PHP 1,040 per copy 10 minutes Cashier
fees payment
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
6. Submits complete application 6. Receives complete application None 10 minutes Admin Officer IV
requirements for processing requirement and validated Securities Specialist I
together with the validated PAF Securities Specialist II
PAF
6.1 Receives the Audited 10 minutes EO Frontline Staff
6.1 In case wherein the basis Interim Financial
for certification is Audited Statements
Interim Financial
Statements, submits the 6.2 Advises the client when to 10 minutes EO Frontline Staff
Audited Interim Financial follow up the application
Statements then proceeds
to Step 6 6.3 Prepares Certificate of 10 minutes
Paid-up

Admin Officer IV/ Securities

6.4 Initials the Certificate of 10 minutes Specialist I/ Securities Specialist
Paid-up Capital II
6.5 Signs the Certificate of 10 minutes

Paid-up Capital
EO Director
6.6 Records the approved 10 minutes
Certificates of Paid-up
Capital Admin Officer IV/ Securities
Specialist I/ Securities Specialist
II
7. Presents the Official Receipt 7. Receives the Official Receipt None 10 minutes EO Frontline Staff/COS
to the Counter Officer
8. Receives the duly signed 8. Releases the signed Certificate None 10 minutes EO Frontline Staff/COS
Certificate of Paid-up Capital of Paid-up Capital
TOTAL PHP 1,040.00 / copy 3 days

This service details the procedure on application for increase of capital stock by way of Cash.

subscribed and paid-up capital on the present authorized
capital stock certified under oath by the corporate secretary
dispute URL:

P50,000,000.00
otherwise,



and the list of subscribers to the increase with their respective Bangko Sentral ng Pilipinas
13. Others
1. Secures a number from the 1. Calls the number through the None 5 minutes EO Frontline Staff/COS
guard on duty system and assists the client
2. Submits the requirements to 2. Records the application for - None 10 minutes EO Frontline Staff/COS
the Counter Officer for pre- pre-processing
processing
2.1. For first time applicants, 1-5 hours
to the monitoring officer

records the date of
submission and
forwards the
application to the
assigned EO
processor

2.2. Advises the client when 10 minutes

to follow up the
application
2.3. Examines whether the 3-5 working days Administrative Officer II

documents submitted Securities Specialist II
are complete in form and
in substance.
2.3.1. If application is
complete and in
order, the
Administrative
Officer II prepares
Final Report and
submits it to his/her
partner Securities
Specialist II

compliance,
Administrative
Officer II/ Securities
specialist II
prepares checklist
of deficiencies and
informs and returns

Go to Step 1
1 working day Securities Specialist II
2.4.1. If compliant, orders

the Administrative
Officer II to issue
Payment
Assessment Form
(PAF)

returns the
application to the
Administrative
Officer II. Go to
Step 2.3.2
3. Prepares follow-up slip (form 3. Receives the follow-up slip None 15 minutes EO Frontline Staff
is available at the Guard) and and forwards it to the
submits to Counter Officer monitoring officer
4. Receives the Payment 4. Prepares and issues Payment None 10 minutes Monitoring Officer/ Administrative
Assessment Form Assessment Form (PAF) to Officer II/ Securities Specialist II
the applicant
5. Pays the filing fees 5. Receives and acknowledges 1. Amended Articles 10 minutes Cashier
payment of Incorporation –
PHP 1,010*
Plus

2. Increase of Capital
Stock -
**For corporation with
par value –
1/5 of 1% of the
increase in capital
stock but not less
than PHP 3,000.00 or
the subscription price
of the subscribed
capital stock,
whichever is higher
**For corporation
without par value –
1/5 of 1% of the
increase in capital
stock computed at
PHP 100.00 per share
3,000.00 or the issue
value of the
subscribed capital
stock, whichever is
higher
3. LRF -equivalent to
1% of the computed

filing fee for Increase

of Capital Stock but
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
*Inclusive of LRF of
PHP 10.00
***For Corporations
with FIA Application -
Additional PHP 3,060,
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00
6. Presents complete 6. Assists clients/ receives None 10 minutes EO Frontline Staff/COS
documents to the EO Counter complete ICS documents
7. Submits complete application 7. Receives the complete None 10 minutes EO Frontline Staff/COS
requirements for processing application requirements and
together with the validated validated PAF and advises
PAF in 4 sets the client when to follow up its
status
7.1. Encodes the details of 10 minutes Administrative Assistant II

the Increase of Capital
Stock in the system and

forwards the application

to the Support Staff
7.2. Prepares Certificate of 10 minutes Administrative Assistant II

Increase of Capital Stock
and Amendment of
7.3. Signs and approves the

application 10 minutes EO Director

application to the EO 10 minutes Administrative Assistant II
Counter
8. Waits for the 8. Calls the number/ corporate None 10 minutes EO Frontline Staff/COS
number/corporate name to be name and assists the client
called at the EO Counter
10. Receives the duly approved 10. Releases the duly approved None 10 minutes EO Frontline
Certificate of Increase of Certificate of Increase of Staff/COS/Confidential Assistant
Capital Stock and Amended Capital Stock and Amended III
Articles of Incorporation Articles of Incorporation
TOTAL 1. Amended Articles 7 days
of Incorporation –
PHP 1,010*
Plus

Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the
subscribed capital
stock, whichever is
higher
1% of the computed


not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00

1. Conversion of advances/liabilities to equity
2. Stock Dividends
3. Land, building / condominium units
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
9. Sea vessel / aircraft
10. Intangibles
11. Net assets
Office or Division: SEC Tarclac Extension Office (SEC-TEO)

BASIC REQUIREMENTS

dispute URL:

13. Stock Dividends
13.2 Audited Financial Statements as of the last fiscal year To be provided by the Company
received by BIR and SEC
and correct
basis of transfer value (market value, assessed value or
zonal value) certified by the company accountant

old)
of the land, submit the lease contract on the land and
consent of the land owner to the transfer
15. Untitled Lands
15.2 Duplicate original or certified true copies of the tax To be provided by the Applicant.
declaration sheets

property
c. Whether the transferor is the dominant estate or the
servient estate, by virtue of such easements
Lands
owner, location, area, tax declaration number and the basis
of transfer value (market value/ assessed value / zonal value
or appraised value)

16.1 Detailed schedule of property showing the description and To be provided by the Applicant.
the basis of transfer value (market value or book value)
based on book value
17.1 Detailed schedule of the property showing the description To be provided by the Applicant.
and the transfer value certified by the company accountant
Pilipinas.
18. Shares of Stock
company accountant

assignor
verification)
19. Motor Vehicles
month old)


20.1 Detailed schedule of vessel/aircraft showing registered To be provided by the Applicant.
Owner, registry number, technical description and appraised
value certified by the company accountant
month old)
21. Intangibles
22. Net Assets
corporation as of the last fiscal year received by BIR and
SEC

fiscal year
date of the AFS certified by the auditor or certified under
oath by the company accountant and written consent of
creditors
verification)
1. Secures a number from the 1. Calls the number and assists None 5 minutes EO Frontline Staff
guard on duty the client

2. Submits the requirements to 2. Records the application for - None 10 minutes EO Frontline Staff
the Counter Officer for pre- pre-processing
processing
2.1. For first time applicants, 1-5 hours
to the monitoring officer

records the date of
submission and
forwards the
application to the
assigned EO
Specialist

to follow up the
application
2.3. Examines whether the 3-5 working days Securities Specialist II

documents submitted
in substance.
complete and in
order, the specialist
prepares Final
Report and submits

it to the Securities
Counsel

compliance,
specialist prepares
checklist of
deficiencies and
informs and returns
Go to Step 1

the Specialist to
issue Payment
Assessment Form
(PAF)
1 working day Securities Counsel I
returns the
application to the
EO Specialist. Go to
Step 2.3.2
3. Prepares follow-up slip (form 3. Receives the follow-up slip None 10 minutes EO Frontline Staff
submits to Counter Officer assigned EO specialist

4. Receives the Payment 4. Prepares and issues Payment None 10 minutes Securities Specialist II
Assessment Form Assessment Form (PAF) to
the applicant
5. Pays the filing fees 5. Receives and acknowledges 1. Amended Articles 10 minutes Cashier (Confidential Assistant
payment of Incorporation – III)
PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at


value of the
subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00
6. Secures a number from the 6. Calls the number through the None 5 minutes EO Frontline Staff/COS
guard on duty system and assists the client

7. Submits complete application 7. Receives the complete None 10 minutes EO Frontline Staff/COS
status
7.1. Encodes the details of 10 minutes Administrative Assistant II

the application in the
system
7.2. Prepares Certificate 10 minutes
7.3. Signs and approves the 10 minutes EO Director

application
7.4. Forwards the approved 10 minutes Administrative Assistant II

application to the EO
Counter
8. Secures a number from the 8. Calls the number and assists None 10 minutes EO Frontline
guard on duty the client Staff/COS/Confidential Assistant
III
9. Presents the Official Receipt 9. Receives the Official Receipt None 10 minutes EO Frontline
to the Counter Officer Staff/COS/Confidential Assistant
III
10. Receives the duly approved 10. Releases the duly approved None 10 minutes EO Frontline
application application Staff/COS/Confidential Assistant
III

TOTAL 1. Amended Articles 7 days

PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the
subscribed capital

stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00



* Lending CGFD
* Foundation CGFD
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING PERSON RESPONSIBLE

TIME
1. Secures a number from 1. Calls the number and None 5 minutes EO Frontline Staff/COS
the guard on duty assists the client
2. Waits for the processing 2. Receives application Certification Fee – 5 minutes EO Frontline Staff
of request PHP 500
10 minutes

TIME
2.1. Receives the PAF 2.1. Evaluate Documentary Administrative Assistant I/
and pays to the attachments Stamp Tax – PHP 1 hour Administrative Officer IV
SEC Cashier. 30
2.2. Verifies the status
of corporation
through CIS-URDB.
cleared, a
Payment
Assessment
Form is issued
to applicant
with instruction
to pay at the
SEC Cashier.
2.2.2. If not cleared

in Certification
Issuance
System-Unified
Reference
Database
(CIS-URDB),
instructs the
applicant to
return to the
department

TIME
who encoded
the infraction.
Administrative Assistant I/
2.3. Receives the Administrative Officer IV
machine validated
Payment EO Director
Assessment Form.
2.4. Prints the

Certificate of No
Derogatory
Information through
the CIS-URDB.
2.5. Reviews the

application and
signs the Certificate
of No Derogatory
Information.
3. Waits for name/number 3. Calls the number None 5 minute EO Frontline Staff
to be called
4. Receives the 4. Seals the Certificate of None 5 minutes Administrative Assistant I/
certification No Derogatory Administrative Officer IV
Information with the SEC
logo
4.1. Releases the

Certificate of No
Derogatory

TIME
Information (CNDI)
to the applicant.
TOTAL PHP 530 1.5 hour


1. Submits the letter request to 1. Receives the letter request None 5 minutes EO Frontline Staff
the Office of the Director
through the EO Counter 1.1. Assigns and forwards to
concerned EO staff
2. Waits to process the request 2. Prepares the requested None 5 minutes per EPO Frontline Staff
documents and forwards to document COS
the Administrative Assistant II Confidential Assistant III
2.1. *If plain copy, prints the PHP 10.00 per 10 minutes per
documents page document

2.2. **If authenticated copy, 10 minutes per
prints and stamps the document
documents
2.3. Prepares the letter reply

and/or Payment Confidential Assistant III
Assessment Form (PAF) Administrative Officer IV
together with the
documents to the
Administrative Officer IV
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government
Service Insurance
System (GSIS) and
other profit-making
agencies, issues
the PAF

PAF
5 minutes EO Director

2.5. Signs the letter and/or
Assistant II
3. Receives the transmittal letter 3. Transmits the signed letter None 5 minutes per agency EO Frontline
with attached document/s reply with attached Staff/COS/Confidential Assistant
documents III/Administrative Officer IV

document/s

transmits by
courier/express

PAF through
courier/express


Who may avail: All
None None
1. Gets a number from the 1. Calls the number and assists None 5 minutes EO Frontline Staff
guard on duty and proceeds the client COS
to EO Counter
2. Presents concern/s, query or 2. Renders advice depending None 30 minutes EO Frontline Staff
complaint COS
2.1. Presents written 2.1. On the nature of the
complaint concern/query; or
2.2. Hands out the requested 5 minutes

checklist of
or sample forms;
2.3. Refers to the appropriate 5 minutes

EO staff

2.4. Endorses written 5 minutes

complaint to the Office of
the Director and advises
party to expect feedback
within five (5) working
days
1. If reports/reportorial requirements, bring 5 sets/copies.

1. Client gets a number, 1. Calls on the client's number None 2 minutes EO Frontline
proceeds to the EO Counter Staff/COS/Confidential Assistant
and waits to be called 3 minutes/doc III
1.1. Presents 5 sets/copies 1.1. Encodes document, EO Frontline

of documents prints barcode page, and Staff/COS/Confidential Assistant
attached barcode page III
to each copy
2. Claims 1 set for his file copy, 2. Retains 4 sets including 1 minute EO Frontline
including the original and returns 1 set to Staff/COS/Confidential Assistant
acknowledgement receipt client III
(barcode page)

Office or Division: SEC Tarlac Extension Office

1. Cover Sheet Company Registration System (CRS)
2. Articles of Partnership (for partnerships)
3. Articles of Incorporation (for stock and non-stock SEC Extension Office
corporations)
4. Treasurer’s Affidavit (for stock corporation only)
5. By-Laws (for stock and non-stock corporations)
6. Foreign Investments Act Form 100 (for stock corporations
CASH
7. Affidavit of Accuracy
8. Affidavit of Correctness

 CRS website: crs.sec.gov.ph
 Computation of filing fee: www.sec.gov.ph/wp-

1. Creates an email account in 1. System sends verification None 10 minutes Applicant/Registrant

therein.

if inactive.
2. Verifies, reserves or appeals 2. System validates proposed None 10 minutes

are not filled up
3. Starts filling out company 3. Systems validates the None 30 minutes Applicant/Registrant
line
4. Submits the hard copies of 4. Receives the application For stock corporation 10 minutes Administrative Assistant II
signed and notarized documents and assigns to a based on the Administrative Officer II
documents processor authorized capital Securities Specialist I
stock: Securities Specialist II
4.1. Processes the submitted With par value: 1/5 of 1-6 hours
application in 1% of the authorized
accordance with the capital stock but not
Revised Corporation less than PHP 2,000

Code, Guidelines on or the subscription

Corporate names, price of the
Foreign Investments Act, subscribed capital
Anti-Dummy Law and stock whichever is
other special laws and higher
applicable SEC rules Without par value: 1/5
and regulations of 1% of the
authorized capital
4.1.1. If compliant, stock computed at 10 minutes
processor issues a PHP 100 per share
Payment but not less than PHP
Assessment Form 2,000 or the issue
(PAF) value of the
subscribed capital
4.2. Required filing fees stock whichever is
based on Memo Circular higher
No. 3, series of 2017 By-Laws for both
stock and non-stock
4.2.1. If non-compliant, corporations: PHP
application will be 1,000
returned to the party Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00

Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
5. Submits the proof of payment 5. Officially receives and stamps None 10 minutes Administrative Officer II
and documents the hard copies of the Securities Specialist I
registration application Securities Specialist II
Registration (COR)
5.1. Enters company name in

the EO Masterlist and 5 minutes Administrative Assistant II
prints Certificate
5.2. Reviews and evaluates

the application with 30 minutes EO Director


Registration (COR)
documents were
returned to the
processor, then to
the party/client
6. Presents Official Receipt to 6. Enters company name in the None 5 minutes EO Frontline Staff/COS
secure the Certificate of Masterlist and releases the Confidential Assistant III
Incorporation and signs the Certificate together with
logbook as proof of receipt of registration application then
the Certificate of Registration stamps release the official
(COR) receipt
TOTAL For stock corporation 1 day

based on the
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher


of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00

Legal Research Fee

(LRF): 1% of the
than Ten Pesos (PHP
10.00)
10. Registration of Corporations through the CRS

This service details the procedure and documentary requirements for the registration and/or issuance of the primary licenses of a) ordinary stock
corporations; b) issuance of secondary licenses or certificates of authority of lending and financing companies; and c) incorporation of non-stock,
non-profit corporations. The process is done through the Company Registration System at crs.sec.gov.ph, the online registration system of the SEC.

Who may avail: All natural and juridical persons and their representatives
For Stock corporation
1. Cover Sheet* CRS-generated
2. Articles of Incorporation (AI)*
2.1. Tax Identification Numbers (TIN) of Filipino
incorporators, directors, stockholders including
corporate subscribers (to be written in the Articles of
Incorporation and applicable document/s)
2.2. Tax Identification Numbers (TIN) or passport
numbers of foreign incorporators, directors and
stockholders (to be written in the Articles of

3. Treasurer’s Affidavit* (in case not incorporated in the CRS-generated
Articles of Incorporation)
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form (F-100),* if CRS-generated
more than 40% foreign equity
6. Joint Affidavit of Undertaking to Change Name (in case not CRS-generated
incorporated in the Articles of Incorporation)*
7. Affidavit of Relinquishment (in case the treasurer is a Sample forms of Cover Sheet, Joint Affidavit of Undertaking to Change Name
foreigner and the business activity of the registrant is a and Affidavit of Relinquishment available at the SEC website at www.sec.gov.ph
partly-nationalized activity*
8. Authenticated/Apostilled Articles of Incorporation and By- Parent Company of the Foreign Corporation and Philippine Embassy/Consulate
Laws and supporting documents, if the same were executed
in a foreign jurisdiction (1 original, 2 photocopies)
9. Endorsement/Clearance from other government agencies, if Other requirements must be secured by the registrant from the appropriate
applicable (1 original, 2 photocopies) government agency or SEC department, or to be supplied by the registrant, if
10. Endorsement/Clearance from other departments of the SEC, applicable
if applicable (1 original, 2 photocopies)
11. Endorsement/Clearance from a) Philippine Economic Zone SEC-Registered Domestic Corporation
Authority (PEZA); b) Subic Bay Metropolitan Authority
(SBMA) or Clark Development Corporation (CDC); and/or c)
Cagayan Economic Zone Authority (CEZA), if applicable; (1
original, 2 photocopies)
12. Certificate of Incorporation and Articles of Incorporation or
latest General Information Sheet (GIS) of any corporate
subscriber (1 photocopy)
13. Proof of existence of foreign corporate subscriber/s (1
photocopy) Foreign Corporation abroad
14. Other requirement/s as may be required by the CRMD
Director (1 original, or if applicable, 1 photocopy only)

*3 sets of hard copies to be received by the CRMD Receiving Unit
with at least one set in original form containing the original
signatures of the required signatories and notary public.
For non-stock religious aggregates
1. Affidavjt of Affirmation/Verification by the chief priest, rabbi, Public Assistance and Complaint Desk/EO Counter
minister, or presiding elder *not required if already part of
the Articles of Incorporation
For foundation
1. Notarized certificate of bank deposit of the contribution, Banks
which shall not be less than P1,000,000.00
2. Statement of Willingness to allow the Commission to Notary Public
conduct an audit
For federation
1. List of Member-Associations certified by the Corporate Corporate Secretary
Secretary
For confederation Corporate Secretary
1. List of Member-Federations certified by the Corporate
Secretary
For condominium corporation/association
1. Notarized Copy of the Master Deed with primary entry of the Condominium Developer and Register of Deeds
Register of Deeds
2. Certification that there is no existing similar condominium Applicant Condominium Corporation/Association to be executed by the
association within the condominium project Corporate Secretary
1. Creates an account in the 1. System sends verification None 10 minutes (under System-generated
Company Registration confirmation to allow applicant normal circumstances,
System (CRS) by logging in to sign-in to the facilities i.e. system is working)
at www.crs.gov.ph therein.

1.1. Verifies the created

account through e-mail 1.1. *Email account created 10 minutes
then log-in his/her automatically expires
account logs-in within 90 calendar days if
inactive
1.2. Verifies, reserves, or
appeals the proposed 1.2. System approves/denies 10 minutes
company name including the proposed company
trade or business name in accordance with
names, if applicable Memorandum Circular
No. 13, series of 2019
1.2.1. If approved, 1.3. System approves the
proceed with the proposed name/s
encoding of
company 1.4. Approves the appeal 20 minutes Name Verification Officer
information
1.5. Denies the appeal
1.2.2. *Reservation of
proposed company 1.6. None
name expires on
the 4th day if in- 1.7. System acknowledges
forms are not filled submission of
up documents
1.2.3. If denied, avails of

online appeal of
rejected names by
uploading appeal

letter and/or
supporting
documents
1.3. Encodes company

information
1.4. Uploads and submits

CRS-generated or non-
CRS generated
documents
2. Waits for the evaluation of 2. Evaluates uploaded None 1-6 hours per Administrative Officer II
submitted documents documents application Securities Specialist I, & II
3. Receives notification through 3. System issues compliance e- None
email and CRS account mail alert if the documents are
incomplete or with
3.1. If for compliance, opens deficiencies
the compliance section
in the CRS and complies 3.1. System issues payment
the deficiencies or e-mail alert if the
completes the documents are complete
requirements and in order
3.2. If for payment, pays the

filing fee online or on
collection then uploads
the documentary
requirements

3.3. If online, pays through

GCash or Landbank
then uploads
documentary
requirements through
CRS
3.4. If on collection, prints the
Order of Payment
4. Presents the Order of 4. Issues and prints out the 5 minutes Administrative Officer II
Payment Payment Assessment Form Securities Specialist I, & II
(PAF)
4.1. If at Extension Office,
presents the Order of 4.1. Presents PAF to the 5 minute
Payment assigned CRS processor
for his/her
4.2. *Bring the documentary initial/signature
requirements
4.2. Issues machine-
4.3. If at any SEC-accredited validated Oncoll
Landbank branches, Payment Slip/s
presents the Order of
Payment
5. Presents the PAF at the SEC 5. Accepts payment and issues a) Articles of 5 minutes SEC Cashier
Cashier and pays the filing Official Receipt (O.R.) and Incorporation, Stock
fees machine-validated Payment Corp., with par value:
Assessment Form 1/5 of 1% of the
authorized capital

stock or the
subscription price of
the subscribed capital
stock, whichever is
higher, but not less
than PHP 2,000.00
plus
1% Legal Research
Fee (LRF) but not
less than PHP 20.00.
Stock corp., without

par value: 1/5 of 1%
of the authorized
capital stock
computed at PHP 100
per share of the
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than P20.00;
b) By-Laws: PHP
1,020.00, inclusive of
LRF;
c) Name reservation:
PHP 100.00 for each

corporate name and

trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
e) Application under
the Foreign
Investments Act (FIA)
– PHP 3,000.00
6. Upon payment, 6. Uploads the proof of payment None 5 minutes Frontline Service Assistant
and documentary COS
6.1. Proceeds to SEC-EO for requirements
the uploading of proof of
payment and
documentary
requirements; or
6.2. Uploads the proof of

payment and
documentary
requirements in CRS
7. Gets a number and proceeds 7. Calls the number None 5 minute

to the EO Counter
7.1. Checks the
completeness of the 5 minutes Frontline Service Assistant

7.1. Submits three (3) sets of documents submitted to Administrative Officer II

documentary ensure that there is at Securities Specialist I, & II
requirements (1 original; least one original set of
2 photocopies) at the EO the application
Counter
7.2. Stamps receives and
affixes initials on the
submitted documents
and advises registrant to
wait for 3 working days
for the release of the
Certificate of
Registration
8. Waits for the release of the 8. Checks the uploaded proof of None 5 minutes Administrative Officer II
signed Certificate payment and documentary Securities Specialist I, & II
requirements
8.1. If complete and Administrative Officer II

compliant, tags the Securities Specialist I, & II
application in CRS as
“For Receiving”
8.2. If incomplete and/or non-

compliant, returns the
application to the
applicant through CRS
8.3. Tags the application in

CRS as “Received”

8.4. Retrieves the hard

copies of the application 5 minutes Administrative Officer II
and forwards to the Securities Specialist I, & II
Administrative Assistant
II
8.5. Generates the Certificate

through CRS and 5 minutes Administrative Officer II
forwards the same with Securities Specialist I, & II
the submitted proof of
payment and
documentary
requirements to the
authorized signatory
8.6. Reviews the application

5 minutes EO Director/OIC
8.6.1. Signs the
Certificate; or
8.7. Returns the application

for compliance. 5 minutes Administrative Assistant II
8.8. Generates the Unified

Registration Records 5 minutes
(URRs) of the
corporation and forwards

the Certificate with URR

to the EO Counter
9. Gets a number and proceeds 9. Calls the number None 5 minutes EO Frontline Staff
to the EO Counter COS
9.1. Releases Certificate and 5 minutes Confidential Assistant III
9.1. Presents original proof of URR to the applicant
payment to the EO
Counter and claims the
Certificate and URR
TOTAL a) Articles of 1 day
Incorporation, Stock
Corp., with par value:
1/5 of 1% of the
authorized capital
stock or the
stock, whichever is
than PHP 2,000.00
plus
1% Legal Research
Fee (LRF) but not

of the authorized
capital stock

computed at PHP 100

per share of the
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than PHP 20.00;
b) By-Laws: PHP
LRF;
PHP 100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00

11. Registration of Corporations with less than 5 Incorporators through interim system

1. Cover Sheet SEC Extension Office
2. Articles of Incorporation (for stock and non-stock
corporations)
3. Treasurer’s Affidavit (for stock corporation only, optional if
CASH
*Please be informed to arrange in accordance with the order in the

checklist in 3 original and 1 photocopy

PAID
1. Log-in to 1. None None Applicant/Registrant
https://apps004.sec.gov.ph:8001/application

PAID
2. Fill-out all the details needed and submit 2. System assigns the None 10 minutes Name Verification Officer
online application to Name
Verification Officer for the
reservation of corporate
name
2.1 Whether name is

approved or disapproved,
the name verification officer
assigns the application to a
processor
2.2 Processor determines 1-3 days Processor

whether the details of the
application is in
accordance with the
Revised Corporation Code
and other pertinent rules
and regulations
2.3 If the application is

approved, the processor
uploads the Payment
Assessment Form (PAF) in
PDF file to the system. If
the application is
disapproved, the processor
inputs the comments in the

PAID
system. The system will
send the PAF or the
comments to the email of
the applicant/registrant.
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock 5 minutes Confidential Assistant II
copies of signed and notarized documents filing fees, issues a receipt corporation based
and forwards the on the authorized
registration documents to a capital stock:
processor With par value:
1/5 of 1% of the
3.1 Processor reviews the authorized capital 30 minutes Securities Specialist I
documents submitted. If stock but not less
approved, the registration than PHP 2,000 or
documents are forwarded the subscription
to the Receiving Officer. If price of the
there are deficiencies, the subscribed capital
documents are returned to stock whichever is
the applicant/registrant. higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
PHP 100 per
share but not less
than PHP 2,000 or
the issue value of
the subscribed
capital stock

PAID
whichever is
higher
By-Laws for both
stock and non-
stock
corporations: PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but

PAID
not less than Ten
Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and None 5 minutes EO Frontline Staff
documents stamps the hard copies of
the registration application
and forwards to the
for generation of the
Certificate of Registration
(COR)
4.1. Enters company name 5 minutes Securities Specialist I

in the EO Masterlist
4.2. Reviews and 10 minutes Acting Director

evaluates the
application with
signs the
Certificate
returns
documents to the

PAID
processor, then
to the party/client
5. Presents Official Receipt to secure the 5. Enters company name in None 5 minutes Administrative Assistant II/
Certificate of Incorporation and signs the the Masterlist and releases EO Frontline Staff
logbook as proof of receipt of the Certificate the Certificate together with
of Registration (COR) registration application then
stamps release the official
receipt
TOTAL For stock 3 days
corporation based
on the authorized
capital stock:
With par value:
1/5 of 1% of the
authorized capital
stock but not less
than PHP 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
PHP 100 per
share but not less
than PHP 2,000 or

PAID
the issue value of
the subscribed
capital stock
whichever is
higher
By-Laws for both
stock and non-
stock
corporations: PHP
1,000
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00

PAID
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)

(R.A. No. 11232)

2. Articles of Incorporation
3. Acceptance letter of the Nominee and Alternate Nominee

checklist in 3 original set and 1 photocopy

PAID
1. Log-in to 1. None None Applicant/ Registrant
2. Fill-out all the details needed and submit 2. System assigns the None 10 minutes Name Verification Officer
online application to Name
reservation of corporate
name
2.1 Whether name is

approved or disapproved,
the name verification officer
processor
2.2 Processor determines 1-3 days Securities Specialist I

application is in accordance
with the Revised
Corporation Code and other
pertinent rules and
regulations

uploads the Payment
PDF file to the system. If

PAID
the application is
system. The system will
send the PAF or the
comments to the email of
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock 5 minutes Confidential Assistant II
copies of signed and notarized documents filing fees, issues a receipt corporation based
and forwards the on the authorized
registration documents to a capital stock:
processor With par value:
1/5 of 1% of the
3.1 Processor reviews the authorized capital
documents submitted. If stock but not less 30 minutes Securities Specialist I
approved, the registration than PHP 2,000
documents are forwarded or the
to the Receiving Officer. If subscription price
there are deficiencies, the of the subscribed
documents are returned to capital stock
the applicant/registrant. whichever is
higher
Without par
value: 1/5 of 1%
of the authorized
capital stock
computed at PHP
100 per share but
not less than PHP

PAID
2,000 or the issue
value of the
subscribed capital
stock whichever
is higher
Articles of
Incorporation for
non-stock
corporation: PHP
1,000
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten

PAID
Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and None 5 minutes EP Frontline Staff
documents stamps the hard copies of
the registration application,
generation of the Certificate
of Registration (COR)
4.1. Enters company name 5 minutes Administrative Assistant II

in the EO Masterlist
4.2. Reviews and evaluates 10 minutes Securities Specialists I

the application and
4.2.1. If compliant, Acting Director

signing of the
Certificate of
Registration
(COR)
documents
returned to the
processor, then to
the party/client

PAID
5. Presents Official Receipt to secure the 5. Enters company name in None 5 minutes Administrative Assistant II/
Certificate of Incorporation and signs the the Masterlist and releases EO Frontline Staff
receiving logbook as proof of receipt of the the Certificate together with
Certificate of Registration (COR) registration application then
receipt
TOTAL For stock 3 days
corporation based
on the authorized
capital stock:
With par value:
1/5 of 1% of the
authorized capital
stock but not less
than PHP 2,000
or the
subscription price
of the subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of 1%
of the authorized
capital stock
computed at PHP
100 per share but
not less than PHP
2,000 or the issue

PAID
value of the
subscribed capital
stock whichever
is higher
Foreign
Investments Act
(FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
Each additional
trade name/s:
PHP 100.00
Documentary
Stamp Tax: PHP
30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (PHP
10.00)

13. Registration of Partnerships through the CRS
This service details the procedure and documentary requirements for the issuance of Certificates of Records. The process is done through the
Company Registration System at crs.sec.gov.ph, the online registration system of the SEC.

1. Cover Sheet (2 original; 1 photocopy) CRS-generated
2. Signed & notarized Articles of Partnership (1 original; 2 CRS-generated
photocopies)
2.1. Tax Identification Numbers (TIN) of Filipino partners Bureau of Internal Revenue (BIR)
including domestic partnership (to be written in the
Articles of Partnership and applicable document/s)
2.2. Tax Identification Numbers (TIN) or passport numbers of
foreign partners (to be written in the Articles of Partnership Bureau of Internal Revenue (BIR)
and applicable document/s)
2.3. Proof of existence of foreign company (if a partner in the
partnership agreement is signed in the home country) http://www.sec.gov.ph/wp-content/uploads/2015/01/Minimum-Paid-Up-
2.4. Board Resolution of the Foreign Company authorizing it to Capital_Final1.pdf
be a partner in a Contract of Partnership
(Authenticated/Apostilled Document) and designating the
authorized signatures
2.5. Minimum paid-up
3. If there are one (1) or more foreign partners CRS-generated
3.1. Signed & notarized F-105 (Foreign Investments Act

Application Form)

4. If documents were signed in a foreign jurisdiction,
Authenticated/Apostilled Articles of Partnership and/or F-105 (1 Philippine Embassy/Consulate
original; 2 photocopies)
5. If applicable, Endorsement/Clearance from other government BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
agencies, if applicable (1 original, 2 photocopies) GOVERNMENT AGENCIES
A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking


System (CRS) by logging in to sign-in in the facilities i.e. system is working)
1 minute
1.1. Verifies the created 1.1. *Email account created
account through e-mail automatically expires
then logs-in his/her within 90 calendar days
account if inactive
1.2. Verifies, reserves, or 1.2. System approves/denies 10 minutes Name Verification Officer
appeals the proposed the proposed company

company name including name in accordance with

trade or business Memorandum Circular
names, if applicable. No. 13, series of 2019
1.2.1. If approved, 1.3. System approves the 30 minutes

proceeds with the proposed name/s
encoding of
company 1.4. Approves the appeal
information
name expires on
up documents
1.2.3. If denied, avails

online appeal of
rejected names by
uploading appeal
letter and/or
supporting
documents

information


CRS generated
documents
2. Waits for the evaluation of 2. Evaluates uploaded None 1-6 hours per Administrative Officer II
submitted documents documents application Securities Specialist I, & II
incomplete or with
the deficiencies and e-mail alert if the

the documentary
requirements

GCash or Landbank
then uploads
documentary
CRS


Order of Payment
4. Presents the Order of 4. Issues and prints out the
Payment Payment Assessment Form
(PAF)
4.1. If at SEC Head Office or
Extension Office, 4.1. Presents PAF to the 5 minutes Administrative Officer II
presents the Order of assigned CRS processor Securities Specialist I, & II
Payment for his/her
initial/signature
4.2. *Brings the documentary
requirements 4.2. Issues machine- 1 minute
validated Oncoll
4.3. If at any SEC-accredited Payment Slip/s
Landbank branches,
Payment
5. Presents the PAF at the SEC 5. Accepts payment and issues a) Articles of 5 minutes TEO Cashier
Cashier and pays the filing Official Receipt (O.R.) and Partnership: 1/5 of 1%
fees machine-validated Payment of the Partnership’s
Assessment Form capital but not less
than PHP 2,000.00
plus
1% Legal Research
Fee (LRF) of not less
than PHP 20.00.
PHP 100.00 for each

partnership name and

trade name, if
applicable;
c) Documentary
Stamp – PHP 30.00
d) Application under
the Foreign
– PHP 3,000.00
6. Upon payment, 6. Uploads the proof of payment None 2 minutes EO Frontline Staff
and documentary COS/Confidential Assistant III
payment and
documentary
requirements; or

payment and
documentary
requirements in CRS
7. Gets a number and proceeds 7. Calls the number None 1 minute Administrative Officer II
to the EO Counter Securities Specialist I, & II
7.1. Checks the None 5 minutes
7.1. Submits three (3) sets of completeness of the
documentary documents submitted to
requirements (1 original; ensure that there is at
2 photocopies) at the

CRMD Receiving least one original set of

Section the application
7.2. Stamps receives and put

initials on the submitted
documents and advises
registrant to wait for 3
working days for the
release of the Certificate
of Registration
signed Certificate payment and documentary Securities Specialist I, & II
requirements
8.1. If complete and

compliant, tags the
“For Receiving”

application to the

CRS as “Received” 5 minutes
8.4. Retrieves the hard

copies of the application 5 minutes Administrative Assistant II

and forwards to the Data

Analyst

through CRS and 5 minutes
forwards the same with
payment and
documentary
requirements to the

10 minutes EO Director, EO-OIC
8.6.1. Signs the
Certificate; or
8.6.2. Returns the

application for
compliance.

Registration Records 5 minutes Administrative Assistant II
(URRs) of the
partnership and forwards
to the EO Counter
9. Gets a number and proceeds 9. Calls the number None 1 minute EO Frontline Staff
to the EO Counter Administrative Asst. II

9.1. Presents original proof of 9.1. Releases Certificate and None 5 minutes
payment to the EO URR to the applicant
Certificate and URR
TOTAL a) Articles of 2 hours and 21
Partnership: 1/5 of 1% minutes
of the Partnership’s
capital but not less
than PHP 2,000.00
plus
1% Legal Research
than PHP 20.00.
PHP 100.00 for each
trade name, if
applicable;
c) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00

Book
 Secretary's Certificate explaining the double filing of
General Information Sheet;
 Affidavit of the Corporate Secretary (Anti-Dummy Law/One Public Assistance and Complaint Desk/EO Counter
revenue/total assets exceeds Five Million Pesos
(P5,000,000)

1. Submits completely filled-up 1. Pre-evaluates required None 15 minutes EO Frontline Staff/COS

requirements;

accepted and assigned
to monitoring staff the
proposed name/s
1.3. Determines compliance, Guidelines on the 30-45 minutes on Administrative Assistant I

deficiencies and Imposition of fines or average per Administrative Officer IV
violations, and prepares penalties for corporation
the Monitoring noncompliance with
Assessment Sheet reportorial
(MSh) requirements;
Memorandum Circular
(MC8-2009);
Amended rules
governing the
Memorandum Circular


(MC8-1998); and
Series of 2010
2. Returns on assigned day, and 2. Presents the findings to the None 1-2 days Administrative Assistant I
if is agreeable to the findings applicant Administrative Officer IV
presented, signs the MS EO Director/OIC
2.1. If there are no
deficiencies, the MSh
prepared by the
Monitoring Staff will
indicate such finding with
computation of penalties
and will be directly
submitted to the EO
Charge for signing
3. Pays the assessed fines and 3. Receives payment of None 10 minutes Cashier
and issues official receipt
TOTAL Guidelines on the 2 days

Imposition of fines or
penalties for
noncompliance with
reportorial
requirements;
Memorandum Circular


(MC8-2009);
Amended rules
governing the
Memorandum Circular
(MC8-1998); and
Series of 2010

EXTENSION OFFICES
LEGAZPI CITY
SEC Building, 2nd Floor Chiniel (Avon) Bldg.,

Rizal Street, Albay District,
Legazpi City
Office or Division: SEC Legazpi Extension Office (SEC-LEO)
Basic Requirements (STOCK OR NON-STOCK CORPORATIONS) May secure Checklist of requirements and sample formats from the Public
-3 sets original and 2 sets photocopies Assistance and Complaint Desk of respective SEC EO or through the
Commission’s website at http://www.sec.gov.ph/services-2/company-
2/amendment/

2. Directors` or Trustees` Certificate - notarized and signed by majority
of the directors or trustees and the corporate secretary, certifying (i)
the amendment of the Articles of Incorporation and indicating the
amended provisions, (ii) the vote of the directors or trustees and
stockholders or members, (iii) the date and place of the
stockholders` or members` meeting; and (iv) the tax identification
number of the signatories which shall be placed below their names
corporate dispute
4. Monitoring Clearance
Additional Requirements Legazpi Extension Office

1. Clearance from other SEC department, for Financing and Lending Corporate Governance and Finance Department (CGFD)
BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER

1. Endorsement from other government agencies, if applicable (1
GOVERNMENT AGENCIES
original copy)

Name verification slip may be secured manually from the name verification officer
If the provision to be amended is the corporate name, submit:
at Legazpi Extension Office;
a. Name Verification Slip (1 original)
b. Affidavit of a director, trustees or officer undertaking to change

corporate name. (Not required if already stated in the Al)
If the provision to be amended is for registered corporations

May download copy through SEC Website at http://www.sec.gov.ph/forms-and-
increasing its foreign equity to more than 40%, submit:
a.) F-101
If the provision to be amended is for registered corporations with
more than 40% increasing further the percentage of such equity,
May download copy through SEC Website at http://www.sec.gov.ph/forms-and-
submit:
a.) F-102

1. If corporate name is for 1. Approves or denies P100.00 per proposed 10 minutes per Name Verification Officer
amendment: proposed name/s or trade corporate/trade name/s application
name/s
1.1. Fills out Name
Verification Forms
(Verifies, reserves or 1.1. Approves or denies
company name with or appeal for the
without trade name/s) proposed name/s or
trade name/s
registrant may appeal 1.2. Appeal is elevated to CRMD process
for the proposed head office (CRMD)
corporate name
2. For pre-processing, 2. Verifies completeness of None 5-10 minutes per Administrative Officer III
proceeds to EO Counter for amendment requirements application
presentation of documentary
requirements
2.1. If documents are 5-10 minutes per Securities Counsel I
complete: application
2.1.1. Accepts
documents for
processing

incomplete:

2.2.1. Returns
documents to
clients for
compliance
3. Waits for the evaluation and 3. Processes and evaluates None Within 1 or 2 days Securities Counsel I
advice of the EO processor application for amendment (depending on the
complexity of the
3.1. If compliant, issues documentary
Form
compliance
Payment Assessment Amendment of Articles of
Form Inc. or By-laws : PHP
1,040.00 (*+**+***)
2,080.00
(*+*+**+**+***+***)

By-Laws – PHP 1,000.00
**Documentary Stamp
Taxes – PHP 30.00
**** Amendment with
with additional PHP
100.00 per reserved
******Amendment by
5. Proceeds to EO Counter for 5. Receives and verifies None 3-5 minutes per Receiving Officer
presentation of documentary documentary requirements application
payment
6. Waits for the issuance of 6. Prepares the Certificate of None 3-5 minutes per Administrative Officer III
laws
6.1. Signs the Certificate 10 minutes per Officer in Charge


of Incorporation
and/or By-laws
6.2. Encodes signed 5 minutes per Administrative Officer III

Amended Articles of
By-laws
7. Proceeds to EO Counter for 7. Releases signed Certificate None 5 minutes per Officer of the Day/
presentation of the original of Amended Articles of application Releasing Officer
proof of payment and Incorporation and/or By-
receives the signed laws
and/or By-laws.
TOTAL PHP 100.00 per proposed 2 days 1 hour 5
corporate/trade name/s minutes
Filing Fees:
Inc. or By-laws : PHP
1,040.00 (*+**+***)
2,080.00
(*+*+**+**+***+***)

By-Laws – P1,000.00
**Documentary Stamp
Taxes - PHP 30.00

**** Amendment with
with additional PHP
100.00 per reserved
******Amendment by


Basic Requirements (3 original and 2 photocopy) May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk of the EO or through the Commission’s
1. Cover Sheet; and website through URL http://www.sec.gov.ph/services-2/company-
2/amendment/
2. Amended Articles of Partnership
Additional Requirements
A. Bank, Pawnshop and other Financial Intermediaries with Quasi-
Banking Functions - Bangko Sentral ng Pilipinas
C. Money Changer and Remittance Services- Bangko Sentral ng
Pilipinas
Name verification slip may be secured manually through the name

verification officer of Legazpi Extension Office;
Assignee and Assignor Partners

1. Endorsement from other government agencies, if applicable
(1 original)
May download through SEC Website at http://www.sec.gov.ph/forms-
and-fees/primary-registration/
If the provision to be amended is the partnership name, submit: May download through SEC Website at http://www.sec.gov.ph/forms-
a. Name Verification Slip (1 original) and-fees/primary-registration/
b. Affidavit of a partner to change partnership name. (Not required if

already stated in the AP) (1 original; 3 photocopies)
if the provision to be amended is the change of partners, submit:
a. Deed of Assignment of partnership interest and or
documents showing withdrawal, resignation, retirement and
death of a partner (1 original; 3 photocopies)
If provision for amendment is to have foreign equity of a registered

partnership, submit:
a.) F-106
If provision for amendment is to further increase the foreign equity of

a registered partnership, submit:
a.) F-107

1. If partnership name is for 1. Approves or denies proposed PHP 100.00 per 10 minutes per Name Verification
amendment: name/s or trade name/s proposed application Officer/Administrative Officer III
partnership/trade
Verification Form
(Verifies, reserves or
company name with or
without trade name/s) 1.1. Approves or denies CRMD process
appeal for the proposed
1.2. If name is rejected, name/s or trade name/s
registrant may appeal for (Appeal is elevated to
the proposed partnership head office (CRMD))
name
2. Proceeds to EO Counter for 2. Verifies completeness of None 5-10 minutes per Administrative Officer III
presentment of documentary amendment requirements application
requirements
2.1. If documents are 5-10 minutes per Securities Counsel I
complete: application

for processing

incomplete:
2.1.2.1. Returns
documents to

clients for
compliance
3. Waits for the evaluation and 3. Processes and evaluates None Within 1 day Securities Counsel I
advice of EO processor application for amendment (depending on the
complexity of the
3.1. If complete and documentary
compliant, issues requirements)
Payment Assessment
Form

a checklist for
compliance
Payment Assessment Form Amendment of
Articles Partnership:
PHP 2,050.00
(*+**+***)
Partnership
**Documentary Stamp
Taxes - PHP 30.00
***Legal Research
Fee-
for amendment (PHP
20.00)

**** Amendment with

partnership/trade
PHP 100.00 per
reserved
corporate/trade
name/s
*****Amendment with
Deed of Assignment
of Partner’s Interest –
PHP 2,000.00 per
Deed
******Amendment of
Partnership with
1/5 of 1% of the
2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
5. Proceeds to EO Counter for 5. Receives and verifies None 3-5 minutes per Receiving Officer
presentment of documentary documentary requirements application
payment

6. Waits for the issuance of 6. Prepares the Certificate of None 3-5 minutes per Administrative Officer III
Partnership
6.1. Signs the Certificate of

Amended Articles of 10 minutes per
Partnership application Officer in Charge
6.2. Encodes signed

Certificate of Amended 5 minutes per
Articles of Partnership application Administrative Officer III
7. Proceeds to EO Counter for 7. Releases signed Certificate of None 5 minutes per Officer of the Day/Releasing
presentment of original proof Amended Articles of application Officer
of payment and receives Partnership
Amended Articles of
Partnership
TOTAL PHP 100.00 per 2 days 1 hour 5
proposed minutes
partnership/trade
name/s
Filing Fees:
Amendment of

PHP 2,050.00
(*+**+***)
Partnership
**Documentary Stamp
Taxes - P PHP 30.00
***Legal Research
Fee-
for amendment (PHP
20.00)
**** Amendment with
partnership/trade
PHP 100.00 per
reserved
corporate/trade
name/s
*****Amendment with
Deed of Assignment
PHP 2,000.00 per
Deed
******Amendment of
Partnership with
1/5 of 1% of the


2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)


Who may avail: All Corporations duly recorded and registered at Securities and Exchange Commission.
1. Letter request To be provided by the Company / Applicant
2. List of stockholders certified under oath by the Corporate Latest GIS

Counsel I
verification)
1. Proceeds to EO counter 1. Assists the client None 1 hour Officer of the Day
2. Submits the requirements for 2. Receives the application for - None 2 hours Securities Specialist II
pre-processing pre-processing.
Verifies completeness of
documentary requirements

complete:

for processing

incomplete:

Returns documents to clients

for compliance

to follow up the
application
2.4. Examines whether the 5 working days

documents submitted
in substance.
complete and in
prepares Payment
Assessment Form

compliance,
specialist prepares
checklist of
deficiencies and
informs and returns
Go to Step 1*

3. Follow Up the Letter Request 3. Checks the letter and forwards None 15 minutes Officer of the Day
(1) it to the Securities Specialist II
4. Receives the Payment 4. Give PAF to the client None 30 minutes Officer of the Day/
Assessment Form Securities Specialist II
5. Pays the corresponding filing 5. Receives and acknowledges *PHP 1,040 per copy 15 minutes Cashier
fees payment
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
6. Submits complete application 6. Receives complete application None 30 minutes Securities Specialist II
requirements for processing requirement
6.1 In case wherein the basis for 6.1 Receives the Audited Interim None 30 minutes Receiving Officer
certification is Audited Interim Financial Statements
the Audited Interim Financial 6.2 Advises the client when to 5 minutes Securities Specialist II
Statements then proceeds to follow up the application
Step 6
6.3 Examines the requirements 2 days Securities Specialist II
submitted.
6.4 Prepares Certificate of Paid-up 30 minutes Securities Specialist II
6.5 Signs the Certificate of Paid- 30 minutes Officer in Charge

up Capital

7. Presents the Official Receipt 7. Receives the Official Receipt None 15 minutes Securities Specialist II
to the Specialist II
8. Receives the duly signed 8. Releases the signed Certificate None 15 minutes Securities Specialist II
TOTAL PHP 1,040.00 / copy 7 days, 6 hours and
50 minutes



dispute URL:
P50,000,000.00
otherwise,

iii. SUBSCRIPTION CONTRACT executed under oath among To be provided by the Company
for.
iv. For RURAL BANKS: Bangko Sentral ng Pilipinas

and the list of subscribers to the increase with their respective
13. Others
1. Proceeds to EO Counter and 1. Receives the application for - None 30 minutes Officer of the Day
submits the requirements to pre-processing
the Counter Officer

1.1. Forwards the application

to an EO processor
1.2. Advises the client when 30 minutes Securities Specialist II/ Securities
to follow up the Counsel I
application
1.3. Examines whether the 7 working days Securities Specialist II/

documents submitted Securities Counsel I
in substance.
complete and in
order and
compliant, the
specialist issues
Payment
Assessment Form

compliance,
specialist prepares
checklist of
deficiencies and
informs and returns
Go to Step 1

2. Receives the Payment 2. Prepares and issues Payment None 1 hour Securities Specialist II/
Assessment Form Assessment Form (PAF) to Securities Counsel I
the applicant
3. Pays the filing fees 3. Receives and acknowledges 1. Amended Articles 30 minutes Cashier
PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at


value of the
subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00

4. Proceeds to receiving counter 4. Receives the complete None Within 2 days Officer of the Day/
and Submits complete application requirements and Receiving Officer/
application requirements for validated PAF Administrative Officer III
processing together with the
validated PAF in 4 sets 4.1. Encodes the details of
the Increase of Capital
Stock in the system and
4.2. Prepares Certificate of Administrative Officer III

and Amendment of
4.3. Signs and approves the Officer in Charge

application
4.4. Forwards the approved Administrative Officer III

application to the
Releasing Officer/Desk
5. Proceeds to EO Counter 5. Assists the client None 10 minutes Officer of the Day
6. Presents the Official Receipt 6. Receives the Official Receipt None 30 minutes Officer of the Day/
to the Counter Officer Releasing Officer
7. Receives the duly approved 7. Releases the duly approved None 30 minutes Releasing Officer/Officer of the
Certificate of Increase of Certificate of Increase of Day
Capital Stock and Amended Capital Stock and Amended

TOTAL 1. Amended Articles 9 days, 3 hours and

of Incorporation – 40 minutes
PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the

subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00

Office or Division: SEC Legazpi Extension Office (SEC-TEO)

Who may avail: All Domestic Corporations, and Licensed Foreign Corporations
1. SEC FORM 2015-001 (1 Original) SEC EO
2. Monitoring Clearance (1 photocopy)

2.1. Primary Licenses SEC EO
2.2. Lending CGFD
2.3. Foundation CGFD
3. For Corporations with Secondary Licenses, attach the Articles of Corporate Secretary or at www.secexpress.ph
4. For Partnerships, attach the Articles of Partnership or latest Corporate Secretary or at www.secexpress.ph
1. Follow procedure for request 1. Assists the client (procedure Refer to separate Refer to separate Refer to separate procedure for
for monitoring and get for request for regular procedure for request procedure for request request for monitoring of
monitoring clearance monitoring of corporations is for monitoring of for monitoring of corporation
applied) corporation corporation

2. Proceeds to EO Counter, Fill 4. Receives application None 10 minutes Officer of the Day
up and sign request form for
certificate of no derogatory 4.1. Evaluate attachments 10 minutes Securities Specialist II
information and waits for the
processing of request OR 4.2. Verifies the status of
party may submit his own corporation through CIS- 10 minutes
Letter Request URDB.
4.2.1. If application is Certification Fee – 15 minutes Securities Specialist II

cleared, a Payment PHP 500
Assessment Form Documentary Stamp
is issued to Tax – PHP 30
applicant with
instruction to pay at
the SEC Cashier.
4.2.2. If not cleared in 30 minutes Securities Specialist II

Certification
Issuance System-
Unified Reference
Database (CIS-
URDB), verify with
the department who
encoded the
infraction.
5. Receives the PAF and pays 3. Receives the machine None 10 minutes Cashier
to the cashier. validated Payment
Assessment Form.

3.1. Prints the Certificate of 15 minutes Securities Specialist II

No Derogatory
Information through the
CIS-URDB
3.2. Reviews the application 15 minutes Officer in Charge

and signs the Certificate
of No Derogatory
Information.
5. Receives the certification 5. Seals the Certificate of No None 10 minutes Securities Specialist II
Derogatory Information with
the SEC logo
5.1. Releases the Certificate

of No Derogatory
Information (CNDI) to the
applicant.
TOTAL PHP 530 2 hours and 5 minutes


Type of Transaction: G2G – Government to Government; G2C – Government to Client; G2B – Government to Business
Who may avail: All Persons
1. Signed Letter Request (1 original, 1 photocopy) Requesting Party
1. Proceeds to EO Counter and 1. Receives the request and None 15 minutes Officer of the Day
fill-up and sign request forwards to concerned EO
form/give letter request for staff
issuance of
plain/authenticated copies of
documents
2. Waits to process the request 2. Prepares the requested None Securities Specialist II
documents
2.1. *If plain copy, prints the 10 minutes per
documents PHP 10.00 per page document
2.2. **If authenticated copy, 15 minutes per

prints and stamps the document
documents
2.3. Prepares the Payment 15 minutes


2.4. If Pag-IBIG, PhilHealth,

Social Security System
(SSS), Bureau of Internal
Revenue (BIR), and
Government Service
Insurance System
(GSIS) and other profit-
making agencies, issues
the PAF

PAF
2.6. Signs the documents 10 minutes Securities Specialist II
3. eceives the requested 3. Releases the requested None 15 minutes Securities Specialist II/ Officer of
documents documents the Day
TOTAL P10.00 per page 1 hour and 10 minutes

This service refers to the assistance provided to walk-in clients regarding their concerns/inquiries on the various services of the Commission. It
includes the procedure on responding to customer complaints and referral of clients to appropriate SEC Department, if applicable.

Who may avail: All
None None
1. Proceeds to Public 1. Assists the client None 5 minutes Officer of the Day
Assistance & Complaint Desk
2. Presents concern/s, query or 2. Renders advice depending on None 30 minutes Officer of the Day
complaint the nature of the
concern/query; or

checklist of
or sample forms;

EO staff/Office of the
Director/OIC

2.3. Endorses written
complaint to the Office of 5 minutes
the EO Director and
advises party to expect
feedback within five (5)
working days
TOTAL None 1 hour
Office or Division: SEC Legazpi Extension Office (SEC-TEO)
1. If reports/reportorial requirements, bring 5 sets/copies (1
original, 4 photocopy). Otherwise, no other requirements
needed.

1. Client proceeds to the 1. Calls on the client's number None 2 minutes Officer of the Day/
receiving and releasing Receiving Officer
counter of any Extension
Office; gets queue number
and waits to be called
1.1. Presents 5 sets/copies 1.1. Encodes document, 3 minutes/doc Receiving Officer/

of documents prints barcode page, and Officer of the Day
attached barcode page
to each copy
2. Claims 1 set for his file copy, 2. Retains 4 sets including 1 minute Officer of the Day/
with stamped original and returns 1 set to Receiving Officer
received/barcode page client

Office or Division: SEC Legazpi Extension Office

2. Articles of Incorporation (for stock and non-stock corporations)
5. Foreign Investments Act Form 100 (for stock corporations with
more than 40% foreign equity) whose paid-up capital is CASH

CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON

RESPONSIBLE

RESPONSIBLE
2. Fill-out all the details needed and submit 2. System assigns the None 10 minutes Name Verification
online application to Name Officer
reservation of corporate name
2.1 Whether name is

approved or disapproved, the
name verification officer
processor
2.2 Processor determines

whether the details of the 2 days
application is in accordance Processor
with the Revised Corporation
Code and other pertinent
rules and regulations

uploads the Payment
PDF file to the system. If the
application is disapproved,
the processor inputs the
comments in the system. The
system will send the PAF or

RESPONSIBLE
the comments to the email of
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock corporation 5 minutes Administrative
copies of signed and notarized documents filing fees, issues a receipt based on the Officer III
and forwards the registration authorized capital
documents to a processor stock:
3.1 Processor reviews the 1% of the authorized
documents submitted. capital stock but not 30 minutes
If approved, the less than PHP 2,000 Securities Counsel I
registration documents or the subscription
are forwarded to the price of the
Receiving Officer. If subscribed capital
there are deficiencies, stock whichever is
the documents are higher
returned to the Without par value: 1/5
applicant/registrant. of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock

RESPONSIBLE
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and stamps None 10 minutes Receiving Officer
documents the hard copies of the
registration application and
forwards to the Administrative
Assistant II for generation of

RESPONSIBLE
the Certificate of Registration
(COR)
4.1. Enters company name in 10 minutes Administrative

the EO Masterlist and Officer III
prints Certificate

the application with 4 hours
supporting documents Officer in Charge
4.2.1. If compliant, signs

the Certificate
returns documents
to the processor,
then to the
party/client
5. Presents Official Receipt to secure the 5. Enters company name in the None 10 minutes Administrative
Certificate of Incorporation and signs the Masterlist and releases the Officer III/
logbook as proof of receipt of the Certificate Certificate together with Officer of the Day
receipt
TOTAL For stock corporation 2 days, 5 hours and
based on the 30 minutes

RESPONSIBLE
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of

RESPONSIBLE
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

10. Registration of Corporations/Partnership through the Company Registration System (CRS) under Manual Processing

3. Articles of Incorporation (for stock and non-stock corporations) SEC Extension Office
8. Affidavit of Correctness  CRS website: crs.sec.gov.ph
*Please be informed to arrange in accordance with the order in the content/uploads/2017/03/2017MCno03-new2.pdf

therein.


if inactive.
2. Verifies, reserves or appeals 2. System validates proposed None Applicant/registrant

are not filled up
line
4. Submits the hard copies of 4. Receives the application 5 minutes Officer of the Day/
signed and notarized documents and assigns to a Administrative Officer III
documents processor
4.1. Processes the submitted For stock corporation 1 day Securities Counsel I
application in based on the
accordance with the authorized capital
Revised Corporation stock:
Code, Guidelines on With par value: 1/5 of
Corporate names, 1% of the authorized
Foreign Investments Act, capital stock but not

Anti-Dummy Law and less than PHP 2,000

other special laws and or the subscription
applicable SEC rules price of the
and regulations subscribed capital
stock whichever is
4.1.1. If compliant, higher 10 minutes
processor issues a Without par value: 1/5
Payment of 1% of the
Assessment Form authorized capital
(PAF) stock computed at
PHP 100 per share
4.1.2. Required filing fees but not less than PHP
based on Memo 2,000 or the issue
Circular No. 3, value of the
series of 2017 subscribed capital
stock whichever is
4.1.3. If non-compliant, higher
application will be By-Laws for both
returned to the party stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00

Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
5. Submits the proof of payment 5. Officially receives and stamps None 10 minutes Receiving Officer
and documents the hard copies of the
registration application
forwards to SEC EO
Administrative Officer for
Registration (COR)
5.1. Enters company name in 5 minutes Administrative Officer III

the SEC EO Masterlist
5.2. Reviews and evaluates 1 day Officer in Charge


5.3. If compliant, signs of the

Certificate of
Registration (COR)
5.4. If non-compliant, returns

documents to the
processor, then to the
party/client
6. Presents Official Receipt to 6. Enters company name in the None 5 minutes Officer of the Day/
secure the Certificate of Masterlist and releases the Releasing Officer
(COR) receipt
TOTAL For stock corporation 2 days and 40
based on the minutes
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher


of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00

Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

(R.A. No. 11232)
Office or Division: SEC Legazpi Extension Office



RESPONSIBLE
2.1 Whether name is

approved or disapproved, the
name verification officer
processor
2.2 Processor determines 2 days Processor

application is in accordance
with the Revised Corporation

uploads the Payment
PDF file to the system. 2.4 If
the application is

RESPONSIBLE
system. The system will send
the PAF or the comments to
the email of the
applicant/registrant.
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock corporation 5 minutes Administrative
copies of signed and notarized documents filing fees, issues a receipt based on the Officer III
3.1 Processor reviews the 1% of the authorized 30 minutes Securities Counsel I
documents submitted. If capital stock but not
approved, the registration less than PHP 2,000
documents are forwarded to or the subscription
the Receiving Officer. If price of the
there are deficiencies, the subscribed capital
documents are returned to stock whichever is
the applicant/registrant. higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital

RESPONSIBLE
stock whichever is
higher
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and stamps None 10 minutes Receiving Officer

RESPONSIBLE

the EO Masterlist and Within 4 hours Administrative
prints Certificate Officer III

the application and
4.2.1. If compliant, signing 10 minutes Officer in Charge

Registration (COR)
documents returned
to the processor,
then to the
party/client
Certificate of Incorporation and signs the Masterlist and releases the Officer III/ Officer of
receiving logbook as proof of receipt of the Certificate together with the Day
receipt
TOTAL For stock corporation 2 days, 5 hours and
based on the 30 minutes

RESPONSIBLE
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

RESPONSIBLE
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
Book

6) Other documents (per monitorer's instructions) such as: Public Assistance and Complaint Desk/EO Counter
 Affidavit of the Corporate Secretary (Anti-Dummy Law/One
 General Form for Financial Statements when the gross
(P5,000,000)
1. Submits completely filled-up 1. Pre-evaluates required None 10 minutes Officer of the Day
1.1. If documents are not Officer in Charge
requirements;
Data Analyst

to monitoring staff/Data
Analyst
Guidelines on the
1.3. Determines compliance, Imposition of fines or Within 6 days for Data Analysts
deficiencies and penalties for ordinary corporation
violations, and prepares noncompliance with
the Monitoring reportorial Within 9 days for other
Assessment Sheet requirements; corporations
(MSh) Memorandum Circular
1.4. Reviews and signs the (MC8-2009); Securities Specialist II
Monitoring Sheet Amended rules Securities Specialist I
Prepared by Data governing the Administrative Officer III
Analyst distribution of excess
1.5. Approves and signs the Memorandum Circular Officer in Charge
Monitoring Sheet No. 8, Series of 1998
(MC8-1998); and
Series of 2010
2. Returns on assigned day, and 2. Presents the findings to the None 15 minutes Data Analyst/
if is agreeable to the findings applicant Officer of the Day
presented, signs the
Monitoring Sheet 2.1. If there are no
prepared by the

submitted to the EO
Charge for signing
TOTAL Depends on assessed 6 to 9 days and 30

fines & penalties minutes

EXTENSION OFFICES
CEBU CITY
SEC Building, V. Rama Avenue, Guadalupe

Cebu City

Office or Division: SEC Cebu Extension Offices
-1 set original and 3 sets photocopies Assistance and Complaint Desk of respective SEC EO or through the Commission’s
website at http://www.sec.gov.ph/services-2/company-2/amendment/
majority of the directors or trustees and the corporate secretary,
certifying (i) the amendment of the Articles of Incorporation and
indicating the amended provisions, (ii) the vote of the directors
or trustees and stockholders or members, (iii) the date and place
of the stockholders` or members` meeting; and (iv) the tax
identification number of the signatories which shall be placed
below their names
corporate dispute
4. Monitoring Clearance
SEC Extension Office

original copy) BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
GOVERNMENT AGENCIES



D. PEZA locator – Philipine Economic Zone Authority
Name verification slip may be secured manually through the Cebu Extension Office
by the verifying officer;
May secure copy from the Public Assistance and Complaint Desk
corporate name.(Not required if already stated in the Al)

increasing its foreign equity to more than 40%, submit:
b.) F-101 May secure copy from the Public Assistance and Complaint Desk or may download
through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
submit:

b.) F-102 May secure copy from the Public Assistance and Complaint Desk or may download
through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/

TIME
1. If corporate name is 1. Approves or denies P100.00 per proposed 10 minutes per Name Verification Officer
for amendment: proposed name/s or trade corporate/trade name/s application
name/s
1.1. Fills out Name
Verification
Forms (Verifies, 1.1. Approves or denies 15 minutes per
reserves or appeal for the application
company name proposed name/s or
with or without trade name/s
trade name/s)
1.2. If name is
rejected,
registrant may
appeal for the
proposed
corporate name
2. Secures a number 2. Calls the number through None 1 minute EO Frontline Staff
through the queuing the system and assists the
system client
3. Submits the 3. Records the application for - None 1 minute EO Frontline Staff
requirements to the pre-processing Securities Counsel I
Counter Officer

TIME
3.1. For first time None 20 minutes EO Director/OIC
applicants, examines if
documents are
complete in form
3.1.1. If complete,
assigns the
application to a
Securities
Counsel I
3.1.2. If for compliance

prepares checklist
of deficiencies
and informs and
returns to client.
Go to Step 2
3.2. Advises the client

when to follow up the
application 2 hours Securities Counsel I

documents submitted
are complete in form 1 hour EO Director/OIC
and in substance.

TIME
complete and in
order, the
Securities
Counsel I submits
it to EO
Director/OIC for
final review
approved by the
Securities
Counsel, forwards
to SEC
Director/OIC for
final review
3.4. Reviews the

application
orders the
Counsel to stamp
okay for payment.
Processor informs
client that
application can be
paid

TIME

returns the
application to the
Counsel. Go to
Step 3.1.3
4. Pays the filing fee 4. Receives and Filing Fees: 5 minutes SEC Cashier
acknowledges payment
Inc. or By-laws :
P1,040.00 (*+**+***)
of Inc. and By-laws:
P2,080.00
(*+*+**+**+***+***)
* Amendment of Articles
P1,000.00 Amendment
of By-Laws – P1,000.00
**Documentary Stamp
Taxes - P30.00
amendment (P10.00)

TIME
**** Amendment with
with additional P100.00
per reserved
******Amendment by
FIA forms (P3,000.00
with LRF of P30.00)
Handling Fee of P20.00

system (Receiving) client
6. Submits complete 6. Receives the complete None 30 minutes EO Receiving Unit
application application requirements
requirements and advises the client when
to follow up its status
6.1. Prepares Certificate 20 minutes EO Frontline Staff
6.2. Signs and approves 15 minutes EO Director/OIC

the application
6.3. Forwards the approved 30 minutes EO Frontline Staff

application to the
Releasing Unit

TIME
system (Releasing) client
8. Presents the Official 8. Receives the Official None 1 minute EO Frontline Staff
Receipt to the Receipt
Counter Officer
9. Receives the 9. Releases the Certificate None 10 minutes EO Frontline Staff
Certificate
9.1. Encodes the details of
system
TOTAL Filing Fees: 5 hours and 40
minutes
Inc. or By-laws :
P1,040.00 (*+**+***)
of Inc. and By-laws:
P2,080.00
(*+*+**+**+***+***)
* Amendment of Articles
P1,000.00 Amendment
of By-Laws – P1,000.00

TIME
**Documentary Stamp
Taxes - P30.00
amendment (P10.00)
**** Amendment with
per reserved
******Amendment by
FIA forms (P3,000.00
with LRF of P30.00)
Handling Fee of P20.00

This service details the procedure in applying for amendment of the Articles of Partnerships
Office or Division: SEC Cebu Extension Office
Basic Requirements (1 set original and 3 sets photocopies) May secure Checklist of requirements and sample formats from the Public
1. Cover Sheet; and Partnership Registration Division or through the Commission’s website
through URL http://www.sec.gov.ph/services-2/company-2/amendment/
1. Endorsement from other government agencies, if applicable A. Bank, Pawnshop and other Financial Intermediaries with Quasi-
(1 original) Banking Functions - Bangko Sentral ng Pilipinas
D. PEZA locator – Philipine Economic Zone Authority
If the provision to be amended is the partnership name, submit:
a. Name Verification Slip (1 original) Name verification slip may be secured manually through the Extension
Office by the verifying officer;
b. Affidavit of a partner to change partnership name. (Not required
if already stated in the AP) (1 original; 3 photocopies) May secure copy from the Public Assistance and Complaint Desk

b. Deed of Assignment of partnership interest and or May secure copy from the Public Assistance and Complaint Desk
and death of a partner (1 original; 3 photocopies) Assignee and Assignor Partners
If provision for amendment is to have foreign equity of a registered

May secure copy from the Public Assistance and Complaint Desk or may
b.) F-106
download through SEC Website at http://www.sec.gov.ph/forms-and-
If provision for amendment is to further increase the foreign equity
of a registered partnership, submit:
b.) F-107
1. If partnership name is for 1. Approves or denies P100.00 per proposed 10 minutes per Name Verification Officer
amendment: proposed name/s or trade partnership/trade application
Fills out Name Verification Form name/s name/s
(Verifies, reserves or company
name with or without trade
name/s) 1.1. Approves or denies 15 minutes per
appeal for the application
1.1. If name is rejected, proposed name/s or
registrant may appeal for trade name/s


name
2. Secures a number through the 2. Calls the number None 1 minute EO Frontline Staff
queuing system through the system
and assists the client
3. Submits the requirements to the 3. Records the application for None 1 minute
Counter Officer -pre-processing
3.1. For first time 20 minutes EO Frontline Staff

applicants, examines Securities Counsel I
if documents are EO Director/OIC
complete in form
3.1.1. If complete,
assigns the
application to a
Securities
Counsel I
3.1.2. If for
compliance,
prepares
checklist of
deficiencies and
informs and
returns to client.
Go to Step 2

3.2. Advises the client None 1 hour

when to follow up the
application
3.3. Examines whether

the documents
submitted are
complete in form and
in substance.
complete and in
order, the
Securities
Counsel I
submits it to EO
Director/OIC for
final review
approved by the
Securities
Counsel,
forwards to SEC
Director/OIC for
final review

3.4. Reviews the None 1 hour

application
orders the
Counsel to
stamp okay for
payment.
Processor
informs client
that application
can be paid

returns the
application to
the Counsel. Go
to Step 3.1.3
4. Pays the filing fee 4. Receives and Filing Fees: 5 minutes SEC Cashier
acknowledges payment
Partnership:
P2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P30.00

***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment with
partnership/trade
P100.00 per reserved
corporate/trade
name/s
*****Amendment with
P2,000.00 per Deed
******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)

Handling Fee of
P20.00
5. Secures a number through the 5. Calls the number None 1 minute EO Frontline Staff
queuing system (Receiving) through the system
and assists the client
6. Submits complete application 6. Receives the None 30 minutes EO Receiving Unit
requirements complete application
requirements and
advises the client
when to follow up its
status.
6.1 Prepares Certificate. None 20 minutes EO Frontline Staff
6.2 Signs and approves None 30 minutes EO Director/OIC

the application.
6.3 Forwards the None 30 minutes EO Frontline Staff

approved application
to the Releasing Unit
7. Secures a number through the 7. Calls the number through None 1 minute EO Frontline Staff
queuing system (Releasing) the system and assists the
client
8. Presents the Official Receipt to 8. Receives the Official None 1 minute EO Frontline Staff
the Counter Officer Receipt
9. Receives the Certificate 9. Releases the Certificate None 10 minutes EO Frontline Staff

9.1 encodes the details of

system
TOTAL Filing Fees: 4 hours and 55
minutes
Partnership:
P2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment with
partnership/trade
corporate/trade
name/s
*****Amendment with
P2,000.00 per Deed

******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)
Handling Fee of
P20.00
3. Cash or Stock Dividends

This service details the procedure on request for acknowledgment of cash or stock dividend declaration.
Who may avail: Corporations duly registered at Securities and Exchange Commission excluding publicly listed companies
1. 1. Cover sheet EO Public Assistance or
http://www.sec.gov.ph/wp-content/uploads/2019/03/2019_regularcoversheet.doc

2. 2. Audited Financial Statements as of the last fiscal year stamped Company’s record
3. 3. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series of 2008
4. 4. Notarized Secretary's Certificate of the Board Resolution as to Company’s Corporate Secretary
the reversal of appropriated retained earnings to unappropriated
retained earnings, if applicable
5. 5. Secretary’s Certificate on non-existence of intra-corporate EO Public Assistance or Downloadable at SEC website through the following
dispute URL: http://www.sec.gov.ph/wp-
6. 6. Monitoring Clearance SEC Extension Office
FOR CASH DIVIDEND
7. 7. Certification under oath by the Corporate Secretary on the board To be provided by the Company
of directors’ resolution declaring cash dividends
FOR STOCK DIVIDEND
8. 7. Certification under oath by the Corporate Secretary on the To be provided by the Company
declaration of stock dividends by majority of the directors and the
stockholders representing 2/3 of the outstanding capital stock
9. 8. List of stockholders with their respective subscribed capital To be provided by the Company
stock as of the date of meeting approving the declaration of stock
dividend together with the allocation of stock dividend certified
under oath by the Corporate Secretary
9. Analysis of capital structure certified under oath by the Treasurer EO Public Assistance
10. Notarized Secretary’s Certificate certifying that on the basis of To be provided by the Company
the computation of the Finance Officer, the allocation of stock
dividend as indicated in the list of stockholders of record (item 8) is
in proportion to the shareholdings of stockholders as of date of
declaration/record date and the treatment of resulting fractional
shares (if any), are true and correct

PAID
1. Secures a number through 1. Calls the number through the None 1 minute EO Frontline Staff
2. Submits the requirements 2. Records the application for -pre- None 1 minute EO Frontline Staff
to the Counter Officer for processing
pre-processing
examines if documents are
complete in form
2.1.1. If complete, assigns

the application to a

deficiencies and
informs and returns to
client. Go to Step 1
2.2. Advises the client when to 1 minute Securities Specialist II

2.3. Examines whether the 14 working days Securities Specialist II

documents submitted are Securities Counsel I
substance.

PAID
complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
Director/OIC for final
review

deficiencies and
informs and returns it
to the applicant. Go
to Step 2.3

and the documents 5 working days EO Director/OIC
submitted

PAID
the specialist
/counsel to stamp ok
for payment.
Processor informs
client that application
can be paid

returns the
application to the
2.3.3
3. Prepares follow-up slip 3. Receives the follow-up slip, None 5 minutes EO Frontline Staff
(form is available at the prepares the application and
Guard) and submits to corporate folders and forwards
Counter Officer after client it to the cashier
signifies intent to pay
4. Pays the filing fees 4. Receives and acknowledges If amount of Cash 10 minutes EO Cashier
payment /Stock dividend
declared by
Corporation whose
securities are not
listed is:
Up to PHP
50,000,000 – PHP
510.00*

PAID
Over PHP
50,000,000 –
PHP1,010*
*Inclusive of Legal
Research Fee of
PHP 10.00
Handling Fee –
P20.00
(Receiving)
application requirements application requirements and
advises the client when to
follow up its status
6.1. Prepares acknowledgment 20 minutes Securities Specialist II

letter and submits to EO
Director/OIC together with
6.2. Complete application

requirements

acknowledgment letter 30 minutes EO Director/OIC

PAID

application to the 30 minutes EO Frontline Staff
Releasing Unit
(Releasing)
8. Presents the Official 8. Receives the Official Receipt None 1 minute EO Frontline Staff
Officer
9. Receives the duly signed 9. Releases the duly signed None 10 minutes EO Frontline Staff
Acknowledgment letter Acknowledgment letter
9.1. Encodes the details of the

application in the systems
TOTAL If amount of Cash 19 days, 2 hours and 41
/Stock dividend minutes
declared by
Corporation whose
securities are not
listed is:
Up to PHP
50,000,000 – PHP
510.00*

PAID
Over PHP
50,000,000 –
PHP1,010*
*Inclusive of Legal
Research Fee of
PHP 10.00
Handling Fee –
P20.00

This service details the procedure on request for issuance of Certification of Paid-up Capital, Capital Structure or Percentage of Ownership
Type of G2B – Government to Business
Transaction:
1. Duly accomplished request form To be provided by the Company

increase in capital stock not covered by item 4
6. Monitoring Clearance SEC Cebu Extension Office
verification)

PAID
pre-processing
complete in form


PAID

deficiencies and


substance.
complete and in
prepares report and
forwards to EO
review

deficiencies and

PAID
to Step 2.3
2.4. Reviews the final report 5 working days EO Director/OIC

and the documents
submitted

the specialist to
stamp ok for
payment. Processor
informs client that
application can be
paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges *PHP 1,040 per 10 minutes EO Cashier
payment copy

PAID
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
Handling Fee –
P20.00
(Receiving)
6.1. Prepares Certification of 20 minutes Securities Specialist II

capital and submits to EO
Director/OIC together with
complete application
requirement
6.2. Signs and approves the 30 minutes EO Director/OIC

certification

PAID
application to the
Releasing Unit
(Releasing)
Officer
9. Receives the duly 9. Releases the duly approved None 10 minutes EO Frontline Staff
approved certification certification

TOTAL *PHP 1,040 per 19 days, 2 hours and 41
copy minutes
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
Handling Fee –
P20.00

5. Confirmation of Valuation
This service details the procedure on application for confirmation of valuation of consideration for additional issuance shares out of the unissued
shares pursuant to Section 61 of the Revised Corporation Code, which may be in the form of the following:
2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

BASIC REQUIREMENTS
1. SEC Form 10-1/letter request confirming the valuation; SEC Form 10.1 - EO Public Assistance or downloadable at SEC website through
the following URL:
http://www.sec.gov.ph/wp-content/uploads/2015/08/2016SECForm10.1.pdf
Letter – to be provided by the company.

2. Certification under oath by the Corporate Secretary on the To be provided by the Company
board resolution approving the additional issuance of shares
of stock

3. List of stockholders with the nationalities, amount subscribed To be provided by the Company.
and paid up and the subscribers to the new shares certified
under oath by the Corporate Secretary.
4. Notarized Secretary's Certificate certifying that all non- EO Public Assistance or Downloadable at SEC website through the following
subscribing stockholders waived their respective pre-emptive URL:
rights or attesting on the resolution by the stockholders http://www.sec.gov.ph/wp-
representing at least 2/3 of the outstanding capital stock content/uploads/2015/07/Secretarys_Certificate_Waiver_Pre_emptive_Rights.pdf
approving the issuance of shares in exchange for property or
previously incurred indebtedness
dispute URL:
6. If the foreign equity is increased to more than 40%, Downloadable at SEC website through the following URL:
compliance with registration under Foreign Investments http://www.sec.gov.ph/wp-content/uploads/2015/07/SEC_Form_No.F-100.pdf
Act***
Conversion of Advances / Liabilities to Equity

10.3 Latest zonal valuation certified by BIR, if transfer value is based To be provided by the Applicant.
on zonal value
old)
If property is mortgaged, submit mortgagee/creditor’s To be provided by the Applicant.
11. Untitled Lands


sheets
Affidavit of Non-Tenancy executed by Barangay Chairman of To be provided by the Applicant.
property
11.8Under oath undertaking of the transferor/subscriber to answer To be provided by the Applicant.
c. The land is exempt from the coverage of the Comprehensive
Agrarian Reform Program (CARP)

Lands
Detailed schedule of the property showing its registered To be provided by the Applicant.
appraised value)
on zonal value

12.2 Special Audit Report by an Independent CPA on the verification To be provided by the Applicant.
and valuation of property, if transfer value is based on book
value


Pilipinas.
14. Shares of Stock
company accountant
14.2 Audited financial statements of the investee company as of the To be provided by the Applicant.
last fiscal year received by BIR and SEC
assignor
verification)
14.7 Affidavit of undertaking to submit the required proof of transfer To be provided by the Applicant.
within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of 2013
15. Motor Vehicles

month old)
16. Certified true copy of the certificate of ownership To be provided by the Applicant.
month old)
17. Intangibles

17. Copy of Certificate of Registration of Intellectual Property To be provided by the Applicant
18. Net Assets
fiscal year
registration/titles and their respective book values certified by
the company accountant
verification)


PAID
pre-processing
complete in form


deficiencies and


PAID

substance.
complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3

PAID

and the documents
submitted

the specialist
for payment.
Processor informs
can be paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Confirmation of 10 minutes EO Cashier
payment Valuation – 1/5 of
1% of the value of
shares of stocks to
be issued but not

PAID
less than PHP
3,000.00
2. LRF -equivalent
to 1% of the
computed filing fee
Confirmation of
valuation but not
less than PHP
10.00
3. Documentary
Stamp tax of PHP
30.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
Handling fee –
P20.00
(Receiving)

PAID

application

application to the
Releasing Unit
(Releasing)
Officer
approved certificate certificate

TOTAL 1. Confirmation of 19 days, 2 hours and 41
Valuation – 1/5 of minutes
1% of the value of
shares of stocks to

PAID
be issued but not
less than PHP
3,000.00
2. LRF -equivalent
to 1% of the
computed filing fee
Confirmation of
valuation but not
less than PHP
10.00
3. Documentary
Stamp tax of PHP
30.00
***For
Corporations with
FIA Application -
Additional PHP
3,060, inclusive of
LRF of PHP 30.00
and DST of PHP
30.00
Handling fee –
P20.00

6. Creation of Additional Paid-in Capital (APIC)
This service details the procedure on application for creation of Additional Paid-In Capital (APIC) through:
3. Untitled Lands
4. Inventories / Furnitures / Personal Properties
6. Shares of stock
7. Motor Vehicle
9. Intangibles
10. Net assets

BASIC REQUIREMENTS
1. Letter request to create APIC signed by the Company’s officer To be provided by the Company
board resolution approving the creation of APIC
3. List of stockholders of record as of date of Board of Directors To be provided by the Company.
meeting approving the creation of APIC indicating their
nationalities and their respective subscribed and paid-up
capital certified under oath by the Corporate Secretary
4. Secretary’s Certificate on non-existence of intra-corporate EO Public Assistance or Downloadable at SEC website through the following URL:

ADDITIONAL REQUIREMENTS depending on the mode of payment
6.2 A report to be rendered by an Independent CPA on the For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable at SEC
verification of the advances to be converted to equity, if not website through the following URL:
old)
7 If property is mortgaged, submit mortgagee/creditor’s To be provided by the Applicant.

7.8 Certification from the transferor stating that the To be provided by the Applicant.
improvements are existing and in good condition
8. Untitled Lands
declaration sheets
a. Existence (or non-existence) of easements over the
untitled property

8.8 Under oath undertaking of the transferor/subscriber to To be provided by the Applicant.
answer for any liability that the corporation might incur by
virtue of the acceptance of said property as paid-up capital
Lands
or appraised value)
corporation within one (1) year from the date of receipt of
the approval of the application

based on book value

month old). If the property is imported, valuation report
with description of the property) by the Bangko Sentral Ng
Pilipinas.
11. Shares of Stock
basis of transfer value (market or book value) certified by
assignor

verification)
11.6 Latest market price quotation in the newspaper or To be provided by the Applicant.
certification from the stock exchange/broker as to latest
market price of the shares of stock (if listed in the Stock
Exchange)
Motor Vehicles
12.1 Detailed schedule of the motor vehicle showing the To be provided by the Applicant.
registered owner, make/model, plate number, chassis
number, motor number, certificate of registration number
and market value certified by the company accountant
month old)

12.6 Certification from the transferor stating that the motor To be provided by the Applicant.
vehicles are existing and in good running condition

Owner, registry number, technical description and
appraised value certified by the company accountant
month old)
14. Intangibles
15. Net Assets

SEC
fiscal year
creditors
verification)
15. Affidavit of undertaking by an officer of the corporation to To be provided by the Applicant.

PAID
2. Submits the requirements 2. Records the application for -pre- 1 minute EO Frontline Staff
pre-processing
complete in form


deficiencies and


substance.

PAID
complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to SEC
review
2.3.3. if application is for

deficiencies and
to Step 2.3
5 working days EO Director/OIC
and the documents
submitted

PAID
the specialist
for payment.
Processor informs
can be paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Creation of 10 minutes EO Cashier
payment APIC – 1/5 of 1%
of the amount
infused but not
less than PHP
5,000.00
2. LRF -equivalent
to 1% of the
computed filing fee

PAID
Confirmation of
valuation but not
less than PHP
10.00
3. Documentary
Stamp tax of PHP
30.00
Handling fee –
P20.00
(Receiving)

application

application to the
Releasing Unit

PAID
(Releasing)
Officer

TOTAL 1. Creation of 19 days, 2 hours and 41
APIC – 1/5 of 1% minutes
of the amount
infused but not
less than PHP
5,000.00
2. LRF -equivalent
to 1% of the
computed filing fee
Confirmation of
valuation but not
less than PHP
10.00

PAID
3. Documentary
Stamp tax of PHP
30.00
Handling fee –
P20.00
7. Decrease of Capital Stock

This service details the procedure on application for Decrease of Capital Stock.
If the decrease of capital stock is accompanied by application for equity restructuring, comply also with the requirements for Equity Restructuring.

Transaction:
2. Certificate of Decrease of Capital Stock No Prescribed format. To be prepared by the Company in accordance with the

5. List of stockholders showing the names, nationalities and To be prepared by the Company
stockholdings before and after the decrease, as certified by
the corporate secretary
6. Audited Financial Statements (AFS) as of the last fiscal year To be provided by the company
stamped received by BIR and SEC
7. Long-form audit report of item no. 6, if with return of capital To be provided by the company
8. List of creditors (if it involves return of capital) certified by To be provided by the company
the auditor or certified under oath by the company
accountant and written consent of each creditor
9. Publisher’s affidavit of the publication of the decrease of Publisher of a newspaper of general circulation.
capital (once in a newspaper of general circulation)
dispute URL:

PAID
pre-processing
20 minutes

PAID
complete in form


deficiencies and


substance.
complete and in
prepares report and
submits it to

PAID
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3
and the documents
submitted

the specialist
for payment.
Processor informs

PAID
can be paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Decrease of 10 minutes EO Cashier
payment Capital Stock *
1.1 If return of
capital – PHP
5,000.00
1.2 All others –

PHP 3,000.00
2. Amended
Articles of
Incorporation –
PHP 1,000.00*

PAID
*plus Legal
Research Fee
(LRF) 1% of
computed filing fee
but not less than
PHP 10.00 and
documentary
stamp tax of PHP
30.00
Handling fee –
P20.00
(Receiving)
6.1. Prepares Certificate None 20 minutes EO Frontline Staff
6.2. Signs and approves the None 30 minutes EO Director/OIC

application
6.3. Forwards the approved None 30 minutes EO Frontline Staff

application to the
Releasing Unit

PAID
(Releasing)
Officer

TOTAL 1. Decrease of 19 days, 2 hours and 41
Capital Stock * minutes
1.1 If return of
capital – PHP
5,000.00
1.2 All others –

PHP 3,000.00
2. Amended
Articles of
Incorporation –
PHP 1,000.00*
*plus Legal
Research Fee

PAID
(LRF) 1% of
computed filing fee
but not less than
PHP 10.00 and
documentary
stamp tax of PHP
30.00
Handling fee –
P20.00
8. Dissolution
This service details the procedure on application for dissolution of domestic corporation, whether stock or non-stock.

2. Directors’ certificate for Stock Corporation / Trustee’s EO Public Assistance or
Certificate for non-stock corporation Downloadable at SEC website through the following URL:

3. Amended Articles of Incorporation To be prepared and provided by the Company
4. Audited Financial Statements as of the last fiscal year To be provided by the Company
stamped received by SEC and BIR, EXCEPT
i. Where the applicant has ceased operations for at least one (1)
year, it shall submit:
a) Audited Financial Statements as of the last fiscal year of
operation; and
b) Affidavit of non-operation certified under oath by the President
and Treasurer
ii. Where the applicant has no operation since incorporation, it shall

submit:
a) Balance Sheet certified under oath by the Treasurer and
President;
b) Affidavit of non-operation certified under oath by the President
and Treasurer;
c) Certificate of non-registration issued by the BIR
iii. Where the applicant is a stock corporation with paid-up of less

than P50,000, it shall submit its Balance Sheet as of last preceding
fiscal year certified under oath by the President and Treasurer
iv. Where the applicant is a non-stock corporation with gross

receipts of less than P100,000 or a total assets of less than

P500,000, it shall submit its Balance Sheet as of last preceding
fiscal year certified under oath by the President and Treasurer
5. Certification under oath by the President and Treasurer To be prepared and provided by the Company
certifying that:
i. the dissolution is not prejudicial to the interest of the creditors;
and
ii. there is no opposition from any creditors from the time of the last
publication of the notice of dissolution up to the filing of the
application for dissolution with the Commission
6. BIR Tax Clearance Certificate BIR
7. Publisher’s Affidavit of publication of notice of dissolution Publisher of a newspaper of general circulation
(once a week for three [3] consecutive weeks)
dispute URL: http://www.sec.gov.ph/wp-
9. Endorsement/Clearance from other departments or other
government agencies, if applicable

PAID
pre-processing
complete in form

PAID

deficiencies and


substance.
complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the

PAID
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3

and the documents
submitted

the specialist
for payment.
Processor informs
can be paid None

returns the
application to the

PAID
2.3.3
4. Pays the filing fees 4. Receives and acknowledges If Stock 10 minutes EO Cashier
payment Corporation – PHP
1,040*
If Non-Stock
Corporation – PHP
540.00*
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
Handling fee –
P20.00
(Receiving)

PAID
6. 6Submits complete 6. Receives the complete None 30 minutes EO Receiving Unit

application

application to the
Releasing Unit
(Releasing)
Officer

TOTAL If Stock 19 days, 2 hours and 41
Corporation – PHP minutes
1,040*

PAID
If Non-Stock
Corporation – PHP
540.00*
*Inclusive of Legal
Research Fee of
PHP 10.00 and
Documentary
Stamp Tax of PHP
30.00
Handling fee –
P20.00

9. Equity Restructuring
This service details the procedure on application for equity restructuring.

1. Letter request to undergo equity restructuring signed by To be provided by the Company.
the Company’s Officer
2. Certification under oath by the Corporate Secretary on the To be provided by the Company.
board resolution approving the equity restructuring plan
3. Audited Financial Statements (AFS) as of the last fiscal To be provided by the company
year stamped received by BIR and SEC

PAID
pre-processing
20 minutes

PAID
complete in form


deficiencies and
1 minute Securities Specialist II
14 working days Securities Specialist II
2.3. Examines whether the Securities Counsel I
substance.
complete and in
prepares report and
submits it to

PAID
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3 5 working days EO Director/OIC

the specialist
for payment.
Processor informs
can be paid

PAID
returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Equity 10 minutes EO Cashier
payment Restructuring –
PHP 5,080.00*
*Inclusive of LRF
of PHP 50.00 and
Doc Stamps of
PHP 30.00
Handling Fee –
P20.00
(Receiving)

PAID

application

application to the
Releasing Unit
(Releasing)
Officer

TOTAL 1. Equity 19 days, 2 hours and 41
Restructuring – minutes
PHP 5,080.00*
*Inclusive of LRF
of PHP 50.00 and
Doc Stamps of
PHP 30.00

PAID
Handling Fee –
P20.00


dispute URL:
stamped received by BIR and SEC, if payment for subscription is
P50,000,000.00
otherwise,
iii. SUBSCRIPTION CONTRACT executed under oath among EO Public Assistance

subscribing stockholder/s, treasurer and president for the
corporation, stating the number of additional shares subscribed
to and paid for.


a) Notarized Certification on payment for subscriptions to be Bangko Sentral ng Pilipinas
subscribed and paid-up amount before and after the increase and
the list of subscribers to the increase with their respective
system client
2. Submits the 2. Records the application for - None 1 minute EO Frontline Staff
requirements to the pre-processing
Counter Officer for pre-
processing 2.1. For first time 20 minutes
applicants, examines if
documents are
complete in form

2.1.1. If complete,
assigns the
application to a
Securities
Specialist

prepares checklist
of deficiencies and
informs and
returns to client.
Go to Step 1
2.2. Advises the client when None 1 minute Securities Specialist II

to follow up the
application
2.3. Examines whether the None 14 working days Securities Specialist II

documents submitted Securities Counsel I
are complete in form
and in substance.
complete and in
order, the
specialist

prepares report
and submits it to
Securities
Counsel for review
approved by the
Securities
Counsel, forwards
to EO
Director/OIC for
final review

compliance,
specialist
prepares checklist
of deficiencies and
informs and
returns it to the
applicant. Go to
Step 2.3
2.4. Reviews the final report None 5 working days EO Director/OIC

and the documents
submitted

orders the
specialist /counsel
to stamp ok for
payment.
Processor informs
client that
application can be
paid

returns the
application to the
specialist. Go to
Step 2.3.3
Guard) and submits to corporate folders and
Counter Officer after forwards it to the cashier
client signifies intent to
pay
4. Pays the filing fees 4. Receives and acknowledges 1. Amended Articles 10 minutes EO Cashier
P1,010*
Plus

2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher

3. LRF -equivalent
to 1% of the
computed filing fee
for Increase of
Capital Stock but
not less than P10.00
4. Documentary
Stamp tax of P60.00
P10.00
***For Corporations
with FIA Application
- Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
Handling Fee of
P20.00
system (Receiving) client
requirements

and advises the client when

to follow up its status
20 minutes EO Frontline Staff
6.2. Signs and approves 30 minutes EO Director/OIC

the application

application to the 30 minutes EO Frontline Staff
Releasing Unit
system (Releasing) client
8. Presents the Official 8. Receives the Official None 1 minute EO Frontline Staff
Receipt to the Counter Receipt
Officer

systems
TOTAL 1. Amended Articles 19 days, 2 hours and 41
of Incorporation – minutes
P1,010*
Plus

2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher

3. LRF -equivalent
to 1% of the
computed filing fee
for Increase of
Capital Stock but
4. Documentary
Stamp tax of P60.00
P10.00
***For Corporations
inclusive of LRF of
P30.00 and DST of
P30.00
Handling Fee of
P20.00

11. Increase of Capital Stock through payment other than cash
2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

Transaction:
BASIC REQUIREMENTS

dispute URL:

13. Stock Dividends

13.3 Interim audited financial statements if used as basis of To be provided by the Company
dividend declaration (basis is other than 13.2)
13.4 Projected financial statement for the remaining period To be provided by the Company
certified by company accountant (if the basis is item 13.3)
13.5 Undertaking by the company President or Treasurer stating To be provided by the Company
that in the event the retained earnings at year end is not
sufficient to cover the stock dividend under consideration,
any deficiency will be replaced by other form of payment
allowable by the Commission (if the basis is item 13.4)
and correct


basis of transfer value (market value/appraised value,
assessed value or zonal value) certified by the company
accountant
old)
14.8 Certification from Transferor stating that the improvements To be provided by the Applicant.

15. Untitled Lands

sheets
property

Lands
or appraised value)


based on book value
16.4 Certification from the transferor stating that the properties are To be provided by the Applicant

month old). If the property is imported, valuation report (with
Pilipinas.
18. Shares of Stock

company accountant

assignor
verification)
19. Motor Vehicles

month old)

value, certified by the company accountant
month old)

21. Intangibles

22. Net Assets
SEC
fiscal year
creditors
verification)

PAID
pre-processing
complete in form


deficiencies and


substance.

PAID
complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3
and the documents
submitted

PAID
the Specialist /
Counsel to make final
report and stamp
okay for payment.
Processor informs
can be paid
2.5. 2. If not compliant, returns

Specialist. Go to Step
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Amended 10 minutes EO Cashier
payment Articles of
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -

PAID
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
3. LRF -equivalent
to 1% of the
computed filing fee

PAID
for Increase of
Capital Stock but
not less than
P10.00
4. Documentary
Stamp tax of
P60.00
*Inclusive of LRF
of P10.00
***For
Corporations with
FIA Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST
of P30.00
5. Handling Fee of
P20.00
(Receiving)

PAID
20 minutes EO Frontline Staff

application

application to the
Releasing Unit
(Releasing)
Officer

application in the system
TOTAL 1. Amended 19 days, 2 hours and 41
Articles of Minutes
Incorporation –
P1,010*
Plus

PAID
2. Increase of
Capital Stock -
**For corporation
with par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or
the subscription
price of the
subscribed capital
stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher

PAID
3. LRF -equivalent
to 1% of the
computed filing fee
for Increase of
Capital Stock but
not less than
P10.00
4. Documentary
Stamp tax of
P60.00
*Inclusive of LRF
of P10.00
***For
Corporations with
FIA Application -
Additional P3,060,
inclusive of LRF of
P30.00 and DST
of P30.00
5. Handling Fee of
P20.00

This service details the procedure on Issuance of Certificates of No Derogatory Information
2. Monitoring Clearance (1 photocopy) SEC EO

2.1. Primary Licenses
2.2. Lending
2.3. Foundation

PAID
1. Secures a queuing number in 1. Calls the number through the None 1 minutes EO Frontline Staff
SEC EO system and assists the client
2. Waits for the processing of 2. Receives application None 2 minutes Administrative Assistant II
request
2.1. Evaluate attachments 2-5 minutes per
document
2.2 Verifies the status of corporation
through CIS-URDB.
2.2.1. If application is cleared, a Certification Fee – 5 minutes per

Request Issue Slip is issued to P500 document

PAID
applicant with instruction to pay at Documentary
the SEC Cashier. Stamp Tax – P30
5 minutes
2.2.2. If not cleared in Certification
Issuance System-Unified Reference
Database (CIS-URDB), send email
to CRMD, which usually replies
within 1-3 days
3. Receives the Request Issue 3. Prints the Certificate of No 3 minutes Administrative Assistant II
Slip and pays to the cashier. Derogatory Information through the
CIS-URDB.
3.1 Reviews the application and 3 minutes EO Director/OIC

signs the Certificate of No
Derogatory Information.
4. Secures a queuing number in 4. Calls the number 1 minute EO Frontline Staff
SEC EO and proceeds to EO
Counter
5. Receives the certification 5. Seals the Certificate of No None 5 minutes EO Frontline Staff
Derogatory Information with the SEC
logo
5.1. Releases the Certificate of No
the applicant.
TOTAL P530.00 30 Minutes

This service details the procedure on request for plain and/or authenticated copies of documents on file with the Commission
1. Signed Letter Request (1 original, 1 photocopy) Requesting Government Agency
1. Submits the letter to the 1. Receives the letter request None 3 minutes EO Frontline Staff
EO (if by mail) or the 1.1 Assigns and forwards to
records section if walk-in concerned EO staff
client
2. Waits for request to be 2. Prepares the requested None 5-10 minutes per EO Frontline Staff
processed documents and forwards to the document
Administrative Officer II
*If plain copy, prints the

documents
**If authenticated copy, prints and

stamps the documents
2.1 Prepares the Requisition Slip 10 minutes EO Frontline Staff

and forwards the same together

with the documents to the

Administrative Officer II
2.1.1 If Pag-IBIG, PhilHealth, 10 minutes Administrative Officer II

Social Security System (SSS),
Bureau of Internal Revenue
(BIR), and Government Service
Insurance System (GSIS) and
other profit-making agencies,
issues the Requisition Slip.
2. Pays the fees. 3. Receives the payment. Plain Copy: 5 minutes Cashier
Articles of
Incorporation
P100
Amended Articles of
Incorporation P 100
By-Laws/Amended
By-Laws P
100
General Information
Sheet P
25
Increase in Capital
Stock
P 70
Secretary's
Certificate
P 25

Authenticated Copy:
Articles of
Incorporation
P200
Amended Articles of
Incorporation P200
By-Laws/Amended
By-Laws
P200
General Information
Sheet
P100
Authentication of
document not
mentioned above: P
10 per page + P 50
authentication fee
per document.
Documentary Stamp
Tax
P30
4. Receives the documents. 4. Releases the documents None 5 minutes Administrative Officer II
TOTAL Plain Copy: 43 minutes
Articles of
Incorporation
P100

Amended Articles of
Incorporation P 100
By-Laws/Amended
By-Laws P
100
General Information
Sheet P
25
Increase in Capital
Stock
P 70
Secretary's
Certificate
P 25
Authenticated Copy:
Articles of
Incorporation
P200
Amended Articles of
Incorporation P200
By-Laws/Amended
By-Laws
P200
General Information
Sheet
P100
Authentication of
document not

mentioned above: P
10 per page + P 50
authentication fee
per document.
Documentary Stamp
Tax
P30
14. Property Dividend Declaration

This service details the procedure on application for approval of Property Dividend Declaration

http://www.sec.gov.ph/wp-content/uploads/2019/03/2019_regularcoversheet.doc
board of directors’ resolution declaring the property
dividend
3. Audited Financial Statements as of the last fiscal year Company’s record
stamped received by SEC and BIR

4. List of stockholders with their respective subscribed capital To be provided by the Company
stock as of the date meeting approving the declaration of
property dividend together with the allocation of property
dividend certified under oath by the Corporate Secretary
5. Detailed schedule of the property account appearing in the To be provided by the Company
audited financial statements
6. Certification by the President that the property(ies) for To be provided by the Company
dividend declaration is/are no longer needed in the
operation of the company
7. Reconciliation of Retained Earnings EO Public Assistance or refer to Memorandum Circular No. 11 Series of 2008
8. Notarized Secretary's Certificate of the Board Resolution as Company’s Corporate Secretary
to the reversal of appropriated retained earnings to
unappropriated retained earnings, if applicable
dispute URL:
10. In case where the property declared is in the form of To be provided by the applicant.
investment in shares of another corporation, a certification
by the Corporate Secretary of the investee company that
the shares are outstanding in the name of the applicant
corporation

pre-processing
examines if documents


deficiencies and
informs and returns
to client. Go to Step
1


substance.

complete and in
prepares report and
submits it to
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

compliance,
specialist prepares
checklist of
deficiencies and
to Step 2.3

and the documents
submitted


the specialist
for payment.
Processor informs
can be paid
2.4.2. If not compliant, one

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Property Dividend 10 minutes EO Cashier
payment – 1/5 of 1% of the
amount declared but
not less than PHP
1,000.00
2. Legal Research
Fee – 1% of the
amount computed in

item 1 but not less

than PHP 10.00
3.Documentary
Stamp tax – PHP
30.00
Handling fee –
P20.00
(Receiving)

application

application to the
Releasing Unit
(Releasing)

Officer

TOTAL 1. Property Dividend 19 days, 2 hours and
– 1/5 of 1% of the 41 minutes
amount declared but
not less than PHP
1,000.00
2. Legal Research
Fee – 1% of the
amount computed in
item 1 but not less
than PHP 10.00
3.Documentary
Stamp tax – PHP
30.00
Handling fee –
P20.00

15. Public Assistance & Complaint Desk
Who may avail: All
None None

PAID
1. Gets a number in the EO 1. Frontline Staff calls the None 1 minute EO Frontline Staff
queuing system and client’s number
proceeds to Public
Assistance & Complaint
Desk
3. Presents concern/s, query 2. Renders advice depending None 5-15 minutes EO Frontline Staff
or complaint, or
2.1. on the nature of the
concern/query; or Hands
out the requested
2.2. checklist of requirements,

guidelines, or sample forms

PAID
2.3. Refers to the appropriate
EO staff
3.1. Presents written 5 minutes EO Frontline Staff
complaint 2.4. Endorses written complaint
to the Office of the EO
Director and advises party 5 minutes Information Officer
to expect feedback within Office of the EO Director
five (5) working days
TOTAL 16 minutes
16. Quasi-Reorganization
This service details the procedure on application for Quasi-Reorganization

Transaction:
1. Letter request to undergo quasi-reorganization To be provided by the Company.
restructuring signed by the Company’s Officer
2. Certification under oath by the Corporate Secretary on the To be provided by the Company.
board resolution approving the quasi-reorganization plan

3. Appraisal report of the fixed assets (real properties, Independent appraiser.
permanently installed fixed assets and machineries and
equipment directly needed and actually used in the
business), if appraisal increment is not yet reflected in the
audited financial statements
5. Schedule showing the details of appraised properties To be provided by the Company
6. Analysis of the revaluation increment certified by the To be provided by the Company
company accountant
7. Projected Financial Statements for the next five (5) years To be provided by the Company
certified by the Company Accountant
8. Certification by the President that the appraised properties To be provided by the Company
are directly needed and actually used in business
pre-processing
20 minutes


examines if documents


deficiencies and
informs and returns
to client. Go to Step
1
1 minute Securities Specialist II

substance.
complete and in
prepares report and
submits it to

Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

compliance,
specialist prepares
checklist of
deficiencies and
to Step 2.3

and the documents 5 working days EO Director/OIC
submitted

the specialist
for payment.
Processor informs


can be paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Quasi- 10 minutes EO Cashier
payment Reorganization –
PHP 5,080.00*
PHP 50.00 and Doc
Stamps of PHP
30.00
Handling Fee –
P20.00
(Receiving)



application

application to the
Releasing Unit
(Releasing)
Officer

TOTAL 1. Quasi- 19 days, 2 hours and 41
Reorganization – minutes
PHP 5,080.00*

PHP 50.00 and Doc
Stamps of PHP
30.00
Handling Fee –
P20.00
Office or Division: SEC Cebu Extension Office including Robinsons Galleria Satellite Office

PAID
1. Client proceeds to the 1. Calls on the client’s number None 2 minutes EO Frontline Staff
receiving and releasing Administrative Assistant II

PAID
counter of the Cebu
Extension Office; gets
queue number and waits
to be called
2. Presents 4 sets/copies of 2. Encodes document, prints barcode 3-5 minutes/doc -do-
documents (2 orig. and 2 page, and attached barcode page to
photocopy) each copy
3. Claims 1 set for file copy, 3. Retains 3 sets including original and 1 minute -do-
including the returns 1 set to client
acknowledgement receipt
(barcode page)
TOTAL 8 minutes
18. Reclassification / Declassification / Conversion of Shares

This service details the procedure on application for Reclassification / Declassification / Conversion of Shares.


4. List of stockholders showing the names, nationalities and To be prepared by the Company
stockholdings before and after the reclassification
/declassification /conversion, as certified by the corporate
secretary
6. Secretary’s Certificate re: treatment on resulting fractional to be provided by the company
shares
dispute URL:

PAID
pre-processing
20 minutes

PAID
complete in form


deficiencies and


substance.
complete and in
prepares report and
submits it to

PAID
Securities Counsel
for review
approved by the
Securities Counsel,
forwards to EO
review

deficiencies and
to Step 2.3
and the documents
submitted

the specialist
for payment.
Processor informs

PAID
can be paid

returns the
application to the
2.3.3
4. Pays the filing fees 4. Receives and acknowledges 1. Amended 10 minutes EO Cashier
payment Articles of
Incorporation –
PHP 2,050.00*
*Inclusive of LRF
of PHP 20.00 and
Doc Stamps of
PHP 30.00
Handling fee –
P20.00
(Receiving)

PAID

application

application to the
Releasing Unit 30 minutes EO Frontline Staff
(Releasing)
Officer

TOTAL 1. Amended 19 days, 2 hours and 41
Articles of minutes

PAID
Incorporation –
PHP 2,050.00*
*Inclusive of LRF
of PHP 20.00 and
Doc Stamps of
PHP 30.00
Handling fee –
P20.00

19. Registration of corporations with less than 5 incorporators through the Interim Registration System (IRS)
This service details the procedure on registration of corporations consisting of less than five incorporators and One Person Corporations in
accordance with the provisions on the Revised Corporation Code.
CHECKLIST OF REQUIREMENTS WHERE TO SECURE (apps004.sec.gov.ph)
1. Approved Application Summary Online application.
2. Articles of Incorporation with Cover Sheet
3. Treasurer’s Affidavit Visit: https://apps004.sec.gov.ph:8001/application
4. Bylaws
Additional Requirements:
1. Foreign Investments Act F-100 (for corporations with more
than 40% foreign equity) whose paid-up capital is CASH
2. Clearance from other government agencies (depending on
industry)
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING TIME PERSON(S)

RESPONSIBLE
1. Client visits 1. Name verifiers from Head N/A 10 minutes Name verifiers from Head
apps004.sec.gov.ph for online Office verify the proposed Office
registration and name name
verification
1.1. In cases of disapproval,
client has to re-apply on 1.1. Once name is approved, 15 minutes Processors from CEO
the system with the the application is

necessary changes transmitted to a
reflected. processor from CEO for
review, and the client is
told to expect feedback
within 3 working days
2. Applicant receives order of 2. Processor approves Corresponding filing fees 5 minutes Processor
payment via email. application on the system and
attaches the order of payment Computation: 1/5 of 1% of
2.1. Client pays corresponding the Authorized Capital
filing fees. 2.1. Cashier receives Stock + 20 Handling Fee 5 minutes Cashier
payment for filing fee + 1% Legal Research Fee
+ P1,030 By-Laws but not
less than P3,000.00
3. Client emails 3. Processors from CEO review N/A 10 minutes Processors from CEO
[email protected] his the documents to ensure that
approved application summary information from the
and a soft copy of his actual applicant’s online registration
documents for review. coincides with the information
on their actual documents
3.1. If the processor identifies
additional corrections on
the actual documents, the
corrections are emailed to
the client for compliance.
4. Once approved, client submits 4. Processors review the hard N/A 10 minutes Processors from CEO
the notarized hard copies of his copies of the documents
documents to the SEC Cebu
Extension Office 4.1. After approval, 5 minutes Encoding/Printing Officer
Encoding/Printing Officer (CEO Frontline Staff)
(CEO Frontline Staff)

generates the applicant’s
certificate
4.2. SEC Director/OIC gives

a final review of the 10 minutes SEC Director/OIC
applicant’s registration
documents and signs the
certificate.
4.3. Note: In the event that

the OIC identifies
additional corrections not
detected by the previous
processor, the
application is sent back
to client for compliance
4.4. Registration documents

are stamped received by 3 minutes CEO Frontline Staff
Receiving Section
personnel
5. Client claims certificate of 5. Releasing Section releases N/A 5 minutes Frontline Staff from the
registration certificate to client Releasing Section
TOTAL Computation: 1/5 of 1% of 1 hour and 18 minutes
the Authorized Capital
Stock + 20 Handling Fee
+ 1% Legal Research Fee
+ P1,030 By-Laws but not
less than P3,000.00

20. Registration of One Person Corporations (OPCs) through the Interim Registration System (IRS)
This service details the procedure on registration of corporations consisting of less than five incorporators and One Person Corporations in
accordance with the provisions on the Revised Corporation Code.
CHECKLIST OF REQUIREMENTS WHERE TO SECURE (apps004.sec.gov.ph)
1. Approved Application Summary Online application.
2. Articles of Incorporation with Cover Sheet
3. Acceptance letter of nominee and alternate nominee Visit: https://apps004.sec.gov.ph:8001/application
4. Foreign Investments Act F-100 (for corporations with more than
40% foreign equity) whose paid-up capital is CASH
CLIENT STEPS AGENCY ACTIONS FEES TO BE PAID PROCESSING PERSON(S)

TIME RESPONSIBLE
1. Client visits 1. Name verifiers from Head N/A 10 minutes Name verifiers from Head Office
apps004.sec.gov.ph for online Office verify the proposed
registration and name name
verification
1.1. In cases of disapproval, 1.1. Once name is 15 minutes Processors from CEO
client has to re-apply on approved, the
the system with the application is
necessary changes transmitted to a
reflected. processor from CEO for

TIME RESPONSIBLE
review, and the client is
told to expect feedback
within 3 working days
2. Applicant receives order of 2. Processor approves Corresponding 5 minutes Processor
payment via email. application on the system filing fees
and attaches the order of
2.1. Client pays corresponding payment Computation: 1/5 of
filing fees. 1% of the
2.1. Cashier receives Authorized Capital 5 minutes Cashier
payment for filing fee Stock + P20
Handling Fee + 1%
Legal Research
Fee but not less
than P2,000.00
3. Client emails 3. Processors from CEO review N/A 10 minutes Processors from CEO
[email protected] his the documents to ensure that
approved application summary information from the
and a soft copy of his actual applicant’s online registration
documents for review. coincides with the
information on their actual
3.1. If the processor identifies documents
additional corrections on
the actual documents, the
corrections are emailed to
the client for compliance.
4. Once approved, client submits 4. Processors review the hard N/A 10 minutes Processors from CEO
the notarized hard copies of copies of the documents

TIME RESPONSIBLE
his documents to the SEC 4.1. After approval, 5 minutes Encoding/Printing Officer (CEO
Cebu Extension Office Encoding/Printing Frontline Staff)
Officer (CEO Frontline
Staff) generates the
applicant’s certificate
4.2. SEC Director/OIC gives 10 minutes SEC Director/OIC

a final review of the
applicant’s registration
documents and signs
the certificate.
4.3. Note: In the event that

the OIC identifies
additional corrections
not detected by the
previous processor, the
application is sent back
to client for compliance.
4.4. Registration documents 3 minutes CEO Frontline Staff

are stamped received
by Receiving Section
personnel
5. Client claims certificate of 5. Releasing Section releases N/A 5 minutes Frontline Staff from the Releasing
registration certificate to client Section
TOTAL Corresponding 1 hour and 18
filing fees minutes

TIME RESPONSIBLE
Computation: 1/5 of
1% of the
Authorized Capital
Stock + P20
Handling Fee + 1%
Legal Research
Fee but not less
than P2,000.00
21. Registration of Partnerships and Corporations through the Company Registration System (CRS) under Manual Processing
This service details the manual processing of registration of partnerships and domestic corporations without secondary licenses upon the
submission of the application through the Company Registration System (CRS). This is to facilitate a faster evaluation of the application without
undergoing the entire online process of the Company Registration System (CRS).
3. Articles of Incorporation (for stock and non-stock SEC Extension Office
corporations)
4. Treasurer’s Affidavit (for stock corporation only)  CRS website: crs.sec.gov.ph

6. Foreign Investments Act Form 100 (for stock corporations  Computation of filing fee: www.sec.gov.ph/wp-
with more than 40% foreign equity) whose paid-up capital is content/uploads/2017/03/2017MCno03-new2.pdf
CASH
8. Affidavit of Corrections
9. Clearance from other government agencies (depending on
industry)
10. *Please be informed to arrange in accordance with the order
in the checklist with 2 original and 1 photocopy
1. Creates an email account 1. System sends verification None Applicant/registrant

in the CRS confirmation to allow applicant
therein.

within 90 calendar days if
inactive.
2. Verifies, reserves or 2. System validates proposed None Applicant/registrant
appeals the proposed company name in accordance
company name with or with Memorandum Circular No.
without trade name/s 13 series of 2019



are not filled up
3. Starts filling out company 3. Systems validates the company None Applicant/registrant
details and submit forms information encoded
on-line
4. Submits the hard copies 4. Receives the application 5 minutes EO Frontline Staff
of signed and notarized documents and check the status of
documents the corporation if the same may be
processed and if in the affirmative
assigns to a processor (CRS
Report Details is regularly emailed
to the EO’s by
[email protected])
4.1 Processes the submitted

application in accordance with the
Revised Corporation Code, 20 minutes Administrative Officer II
Guidelines on Corporate names, Securities Specialist I
Foreign Investments Act, Anti- Securities Specialist II
Dummy Law and other special Securities Counsel I
laws and applicable SEC rules and
regulations
4.1.1 If compliant, EO Frontline

Assistant issues Order of Payment
5 minutes

4.2. Required filing fees based on

Memo Circular No. 3, series of
2017
4.2.1 If non-compliant, application

will be returned to the party
5. Pays the filing fees 5. Receives the payment For partnerships: 5 minutes SEC Cashier
a) Articles of Partnership:
1/5 of 1% of the
Partnership’s capital but not
less than P2,000.00 plus
1% Legal Research Fee
(LRF) of not less than
P20.00.
b) Name reservation:
P100.00 for each partnership
name and trade name, if
applicable;
c) Documentary Stamp –
P30.00
d) Application under the
Foreign Investments Act
(FIA) – P3,000.00
For stock corporation based
on the authorized capital
stock:

With par value: 1/5 of 1% of

the authorized capital stock
but not less than P 2,000 or
the subscription price of the
subscribed capital stock
whichever is higher
Without par value: 1/5 of 1%
of the authorized capital
stock computed at P100 per
share but not less than P
2,000 or the issue value of
the subscribed capital stock
whichever is higher
By-Laws for both stock and
non-stock corporations: P
1,000
Articles of Incorporation for
non-stock corporation: P
1,000
(FIA) Form 100: P3,000.00
Company Name
Reservation: P100.00
name/s: P100.00
Documentary Stamp Tax:
P30.00

Legal Research Fee (LRF):

1% of the Filing Fee but not
less than Ten Pesos (P
10.00)
Handling fee of P20.00

6. Submits the proof of 6. Officially receives and stamps None 5 minutes EO Frontline Staff
payment and documents the hard copies of the registration
application and forwards to SEC
EO for generation of the Certificate
6.1 Enters company name in the 5 minutes EO Frontline Staff

SEC EO Masterlist and prints
Certificate
6.2 Reviews and evaluates the 10 minutes EO Frontline Staff

application with supporting
documents
6.2.1 If compliant, signing of the EO Director/EO OIC

Certificate of Registration (COR)
6.2.2 If non-compliant, documents
were returned to the processor,
then to the party/client
7. Presents Official Receipt 7. Enters company name in the None 5 minutes EO Frontline Staff
to secure the Certificate Masterlist and releases the Information Officer
of Incorporation and signs Certificate together with

the LOGBOOK and the registration application then

file copy of the Certificate stamps release the official receipt
of Registration (COR) as
proof of receipt of the
(COR)
TOTAL For partnerships: 1 hour
a) Articles of Partnership:
1/5 of 1% of the
1% Legal Research Fee
P20.00.
b) Name reservation:
P100.00 for each partnership
name and trade name, if
applicable;
P30.00
(FIA) – P3,000.00
For stock corporation based
on the authorized capital
stock:


the subscription price of the
whichever is higher
Without par value: 1/5 of 1%
stock computed at P100 per
share but not less than P
2,000 or the issue value of
the subscribed capital stock
whichever is higher
1,000
1,000
(FIA) Form 100: P3,000.00
Company Name
name/s: P100.00
P30.00


less than Ten Pesos (P
10.00)
Handling fee of P20.00


PAID
1. Submits completely 1. Pre-evaluates required documents 5 minutes EO Frontline Staff
filled-up “Request for

PAID
Monitoring” and the
required documents
1.1 Prints system generated from Online 5 minutes EO Frontline Staff (Records
Document Retrieval System (ODRS) Section)
with the corporate file to the EO
Director for assignment
1.2 Assigns monitoring request with 2 minutes EO Director
attached documents to a particular
monitoring specialist (MS)
1.3 Determines compliance, deficiencies Guidelines on the 30-45 minutes on Monitoring Specialist
and violations, and prepares the Imposition of fines average per (Administrative Assistants,
Monitoring Sheet (MSh) or penalties for corporation Administrative Officer IV, or
noncompliance Securities Specialist I and II)
with reportorial
requirements;
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess profits of
corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and

PAID
Office Order No.
298, Series of
2010
2. Returns on assigned 2. Presents the findings in the MSh to the 15 minutes Monitoring Specialist
day, and if is agreeable applicant, including the fines, if any
to the findings
presented, signs the
MS
2.1 If there are no deficiencies, the MSh EO Director/OIC
prepared by the MS will indicate such
finding and will be directly submitted to the
EO Director/Officer-in-Charge for review
and signing. Print Certification Issuance
System for clearance from all departments
of the Commissions
Note: If applicable, clarification and further
compliance may be required by the MS
prior to the release of the MSh (with the
approval of EO Director, a clarificatory
conference with the parties may be called)
3. Pays the assessed Receives payment for the fines 5 minutes Cashier
fines
Note: Applicant with

request for reduction or
payment in installment
of fines, the procedure
for reduction of fines or

PAID
will be followed.
4. Presents proof of 4. Forwards the MS for signature 5 minutes Monitoring Specialist
payment
4.1 Reviews and signs the MS 5 minutes EO Director/Officer-in-Charge
5. Returns to Monitoring 5. Releases the MS 2 minutes Monitoring Specialist

Specialist
5.1 .Encode MS to ODRS Submission 5 minutes Monitoring Specialist
TOTAL 1 hour and 34 minutes

EXTENSION OFFICES
BACOLOD CITY
Unit 10 & 11 Redkey Bldg., cor. Hernaez &

Jocson Streets, Barangay Taculing,
Bacolod City

This service details the procedure in applying for amendments of the Articles of Incorporation and/or By-laws of Domestic Corporations. As of the
moment Amendments are still processed in Iloilo except whose files were already transferred to Bacolod Extension Office.
Office or Division: SEC Bacolod Extension Office (SEC-BACEO)
-1 set original and 3 sets photocopies Assistance and Complaint Desk of respective SEC EO or through the
1. Amended Articles of Incorporation/By-laws 2/amendment/
indicating the amended provisions, (ii) the vote of the directors or
trustees and stockholders or members, (iii) the date and place of
the stockholders` or members` meeting; and (iv) the tax
below their names
corporate dispute
4. Compliance Monitoring Division (CMD) Clearance
SEC Extension Office


1. Clearance from other SEC departments, if applicable
-For Investment company, Financing and Lending companies,
issuers of proprietary or non-proprietary membership (i.e. golf Corporate Governance and Finance Department (CGFD)
clubs), listed and public companies and foundation (1 original copy)
-For Capital Market Institutions (i.e. Exchange, Broker, Dealer,
Investment House (1 original copy)
Markets and Securities Regulation Department (MSRD)
original copy)
GOVERNMENT AGENCIES


if the provision to be amended is the corporate name, submit:

Name verification slip may be secured manually through the SEC Computer
a. Name Verification Slip (1 original) Operator or Administrative Assistant II
b. Affidavit of a director, trustees or officer undertaking to change Bacolod Extension Office

increasing its foreign equity to more than 40%, submit: May secure copy from the Information Officer or may download through SEC
Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
c.) F-101

more than 40% increasing further the percentage of such equity, May secure copy from the Information Officer or may download through SEC
submit: Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
c.) F-102

PAID
1. If corporate name is for 1. The form is forwarded to 10 minutes Computer Maintenance
amendment: Iloilo extension office for Technologist
verification
1.1. Fills out Name Verification
Forms 1.1. Once P100.00 per 1 day to 2 days Name Verification Officers
approved/denied, EO proposed
1.2. *Waits for approval from staff will text or call the corporate/trade
Iloilo contact person as name/s
indicated in the slip.
1.2.1. **If name is rejected,
registrant may appeal 1.2. Forwards to Iloilo
for the proposed extension office the 1 day to 2 days Name Verification Officers
corporate name appeal and waits for
the approval or denial
of the proposed

PAID
name/s or trade
name/s
1.3. Once approved, EO

staff will text or call the
contact person as
indicated in the slip.
2. For pre-processing, secures 2. Verifies completeness of None 10 minutes per EO Frontline Staff
queuing number from the EO and amendment requirements application Information Officer III
proceeds to EO Counter for (Clyde Linaja-Padilla)
presentation of documentary 2.1. If documents are
requirements complete:
2.1.1. Accepts 10 minutes per

documents for application
assignment to
SEC EO
processors

incomplete:
2.2.1. Returns
documents to
clients for
compliance

PAID
3. Waits for the corporation’s name 3. Processes and evaluates None 30 minutes or more Administrative Officer II
to be called by the assigned EO application for amendment (depending on the
processor complexity of the Securities Specialist I
3.1. If compliant, processor documentary
stamps the first page requirements) Securities Specialist II
of the amended
document with “ok for EO OIC
payment” and advise
client to proceed to
cashier for payment
compliance
4. Pays the filing fee 4. Issues the Official Receipt Filing Fees: 10 minutes SEC Cashiers
upon payment and stamps (Laarni Dilag-King) or
the first page of the Amendment of (Jo-Anne Medalla) alternate
amended documents as Articles of Inc. or bonded cashier
paid. By-laws :
P1,040.00
(*+**+***)
If Amendment of
Articles of Inc. and
By-laws:
P2,080.00
(*+*+**+**+***+***)

PAID
* Amendment of
Articles of
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional
P100.00 per
reserved
corporate/trade
name/s

PAID
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
presentation of documentary documentary requirements application Information Officer III
requirements with proof of and proofs of payment (Clyde Linaja-Padilla)
payment
6. Waits for the issuance of signed 6. Prepares the Certificate of None 5 minutes per Administrative Officer II
Certificate Amended Articles of application (no training yet incoming
Incorporation and/or By- employee)
laws
6.1. Signs the Certificate of 10 minutes per EO OIC

Amended Articles of application Annabelle Corral-Respall
By-laws

Certificate of application or Confidential Asst
Amended Articles of
By-laws
7. Proceeds to EO Counter for 7. Releases signed Certificate None 5 minutes per EO Frontline Staff
presentation of the original proof of Amended Articles of application Information Officer

PAID
of payment and receives the Incorporation and/or By- (Clyde Linaja-Padilla)
signed Certificate of Amended laws
Articles of Incorporation and/or
By-laws
TOTAL Filing Fees: 4 days, 1 hour and 40
minutes
Amendment of
Articles of Inc. or
By-laws :
P1,040.00
(*+**+***)
If Amendment of
By-laws:
P2,080.00
(*+*+**+**+***+***)
* Amendment of
Articles of
Incorporation –
P1,000.00
Amendment of
By-Laws –
P1,000.00

PAID
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional
P100.00 per
reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)

This service details the procedure in applying for amendment of the Articles of Partnerships. As of the moment Amendments are still processed in
Iloilo except whose files were already transferred to Bacolod Extension Office.
Basic Requirements (1 set original and 3 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk, Officer of the Day of the Extension Office and or
1. Cover Sheet; and through the Commission’s website through URL http://www.sec.gov.ph/services-
2/company-2/amendment/
2. Amended Articles of Partnership Any of the partner
1. Endorsement from other government agencies, if applicable A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking
(1 original Functions - Bangko Sentral ng Pilipinas
If the provision to be amended is the partnership name, submit: C. Money Changer and Remittance Services- Bangko Sentral ng Pilipinas
a. Name Verification Slip (1 original) Name verification slip may be secured manually through Officer of the Day of the
Extension Office
May secure copy from the Officer of the Day of the Extension Office

if already stated in the AP) (1 original; 3 photocopies)
If the provision to be amended is the change of partners, submit: May secure copy from the Officer of the Day of the Extension Office
c. Deed of Assignment of partnership interest and or Assignee and Assignor Partners

and death of a partner (1 original; 3 photocopies)
If provision for amendment is to have foreign equity of a
or may download through SEC Website at http://www.sec.gov.ph/forms-and-
registered partnership, submit:
c.) F-106
or may download through SEC Website at http://www.sec.gov.ph/forms-and-
c.) F-107
1. If partnership name is for 1. The form is forwarded to Iloilo P 100.00 per 10 minutes per Computer Maintenance
amendment: extension office for verification proposed application Technologist
partnership/trade
1.1. Fills out Name 1.1. Once approved/denied, EO name/s 1 – 2 days Name Verification Officers
Verification Form staff will text or call the

1.2. *Waits for approval from contact person as indicated

Iloilo in the slip.
2. For pre-processing, secures 2. Verifies completeness of None 10 minutes per EO Frontline Staff
queuing number from the amendment requirements application Information Officer
Security Guard and proceeds
to EO Frontline Staff for 2.1. If documents are complete:
presentment of documentary
requirements 2.1.1. Accepts documents for 5 minutes per
assignment to application
processors

incomplete:
2.2.1. Returns documents to

clients for compliance
3. Waits for the partnership’s 3. Processes and evaluates None 30 minutes per Administrative Officer II (no
name to be called by the application for amendment application training yet, incoming
assigned EO processor (depending on the employee)
3.1. If compliant, processor complexity of the For now, assigned to:
stamps the first page of the documentary Securities Specialist I (Liezl
amended document with requirements) dela Peña)
“ok for payment” and advise Securities Specialist II
client to proceed to cashier (Samantha Drilon)
for payment

3.2. If non-compliant, issues a

4. Pays the filing fee 4. Issues the Official Receipt upon Filing Fees: 5 minutes SEC Cashier
payment and stamps the first
page of the amended documents Amendment of
as “paid” Articles Partnership:
P2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment with
partnership/trade
corporate/trade
name/s
*****Amendment with
Deed of Assignment
P2,000.00 per Deed
******Amendment of
Partnership with

1/5 of 1% of the
but not less than
P2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)
presentation of documentary documentary requirements and application Information Officer III
requirements with proof of proofs of payment
payment
6. Waits for the issuance of 6. Prepares the Certificate of None 5 minutes per Administrative Officer II
signed Certificate Amended Articles of Partnership application Administrative Assistant II
or Confidential Asst.
6.1. Signs the Certificate of 10 minutes per EO OIC

Partnership
6.2. Encodes signed Certificate 5 minutes per Administrative Assistant II

of Amended Articles of application or Confidential Asst.
Partnership
7. Proceeds to EO Counter for 7. Releases signed Certificate of None 5 minutes per EO Frontline Staff
presentation of the original Amended Articles of Partnership application Information Officer
proof of payment and (Clyde Linaja-Padilla)

receives the signed

minutes
Amendment of
P2,050.00 (*+**+***)
Partnership
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment with
partnership/trade
corporate/trade
name/s
*****Amendment with
Deed of Assignment
P2,000.00 per Deed

******Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)

Office or Division: SEC Bacolod Extension Office
* Lending MSRD
* Foundation CGFD


PAID
1. Secures a queuing number in Calls the number and assists the None 3 minutes EO Frontline Staff/
SEC EO client Computer Operator/Administrative
Assistant II/Information Officer
2. Waits for the processing of 2. Receives application None 2 minutes EO Frontline Staff/
request Computer Operator/Administrative
2.1. Evaluate attachments 5 minutes Assistant II/ Information Officer
Specialist I/ Specialist II/
2.2 Verifies the status of corporation 5 minutes per Confidential Assistant III/
through CIS-URDB or through document Cashier
Document Index List (DIL) and folder
file with the Manual Index List (MIL)
2.2.1. If application is cleared, a Certification Fee – 5 minutes per Specialist I/ Specialist II/
Payment Assessment Form is P500 document Confidential Assistant III/
issued to applicant with instruction to Documentary Cashier
pay at the SEC Cashier. Stamp Tax – P30
2.2.2. If not cleared and not 30 - 60 minutes on Specialist I/ Specialist II/

monitored, instructs the applicant to average per corporation Confidential Assistant III/
return to the EO personnel who Cashier

PAID
encoded the infraction or to the or more depends on the
Monitoring Specialists complexity of the
deficiencies and
violations
3. Receives the Payment Cashier
Assessment Form. 5 minutes

3. Receives the PAF and pays Derogatory Information through the Specialist I/ Specialist II/
to the cashier. CIS-URDB. Confidential Assistant III/
10 minutes Cashier
3.2. Reviews the application and
signs the Certificate of No EO OIC
5. Receives the certification 5.1. Seals the Certificate of No None 5 minutes Confidential Assistant III
Derogatory Information with the SEC
logo
5.2. Releases the Certificate of No 5 minutes Confidential Assistant III

the applicant.
TOTAL P530 1 hour and 45 minutes

1. Signed Letter Request (1 original, 1 photocopy) Requesting Government Agency

PAID
1. Submits the letter to the 1. Receives the letter request None 3 minutes SEC Computer
Office of the Director (OD) – EO Operator/Administrative Assistant
1.1 Assigns and forwards to II/ Confidential Assistant III
concerned EO staff EO Director/OIC
2. Waits to process the request 2. Prepares the requested None
documents Confidential Assistant III
Administrative Assistant I
SEC Computer Operator
2.1. Other requests are released on EO Director/OIC

an assigned date as indicated by EO
Director/OIC
in the letter of request
*If plain copy, prints the documents None Confidential Assistant III

PAID
5 - 10 minutes per Administrative Assistant II
document SEC Computer Operator
**If authenticated copy, prints, Administrative Assistant I

stamps and signs the documents 10 - 20 minutes per Cashier
document
3. Waits for the release of 3. Receives the documents None 2 minutes Confidential Assistant III
the document/s Administrative Assistant II
Administrative Assistant I
or SEC Computer Operator
Cashier
3.1 Returns on the If the documents are not yet ready None 3 days EO Director/OIC
assigned date due to circumstances beyond control
(ex. Documents still for retrieval from
head office)
The client will be notified in form of
letter for the extension of
compliance and indicating the valid
reason as to why
TOTAL None 3 days and 35 minutes

Office or Division: SEC Bacolod Extension Office

Who may avail: All
None None
1. Secures a number from the 1. Calls the number and assists None 2 minutes EO Frontline Staff
guard on duty and proceeds the client Information Officer
to EO Counter
complaint Information Officer
2.1. Presents written 2.1. On the nature of the

checklist of
or sample forms;

2.3. Refers to the appropriate
EO staff 5 minutes

complaint to the Office of 5 minutes
days


1. If reports/reportorial requirements, bring 5 sets/copies.

RESPONSIBLE
1. Client proceeds to the 1. Calls on the client’s number None 2 minutes EO Frontline Staff-SEC
receiving and releasing Computer
counter of any Extension Operator/Administrative
Office; gets queue II/Administrative I
number and waits to be (alternate)
called
2. Presents 5 sets/copies of 2. Encodes document, prints barcode page, 5 minutes/doc -do-

documents and attached barcode page to each copy
3. Claims 1 set for his file 3. Retains 4 sets including original and 2 minutes -do-
copy, including the returns 1 set to client

RESPONSIBLE
acknowledgement
receipt (barcode page)

None None
1. Submits completely 1. Pre-evaluates required documents None 10 minutes Monitoring Specialists:

filled-up “Request
for Monitoring” and SEC Specialist I/ SEC
the required Specialist Ii
documents
Confidential Assistant
Iii/Cashier
(As Alternate)

1.1 If documents are not complete, the same 5-10 minutes Monitoring Specialists
are returned together with the checklist of
the requirements;
1.2 If the documents are complete the request 5-10 minutes Monitoring Specialists
is accepted and issues an
acknowledgement receipt indicating the
date of return
1.3 Prints system generated Document Index 5-10 minutes Monitoring Specialists
List (DIL), or provide folder file with the
Manual Index List (MIL) and submits the Director/Officer-in-Charge
same to OIC/EO Director
1.4 Assigns DIL, MIL or MSh with attached 5 minutes Securities Counsel I/EO OIC
documents/folder file to a particular (Annabelle Corral-Respall)
monitoring specialist (MS)
1.5 Determines compliance, deficiencies and Guidelines on the 30 - 60 minutes on Monitoring Specialists
violations, prepares the Monitoring Sheet Imposition of fines average per corporation
(MSh) and will be submitted to the EO or penalties for or more depends on the Director/Officer-in-Charge
Director/Officer-in-Charge for review and noncompliance complexity of the
signing with reportorial deficiencies and
requirements; violations
Memorandum
Circular No. 8,
series of 2009
(MC8-2009);
Amended rules
governing the
distribution of
excess profits of

corporation;
Memorandum
Circular No. 8,
Series of 1998
(MC8-1998); and
Office Order No.
298, Series of
2010
2. Returns on assigned 2. Presents the findings to the applicant 30 – 60 minutes Monitoring Specialists
day or more depends on the
Note 1: Applicant with request for reduction complexity of the matter
or payment in installment of fines, the
procedure for reduction of fines or payment
in installment will be followed.
b) If there are no deficiencies, the MSh 5-10 minutes Monitoring Specialists

prepared by the MS will indicate such
finding and will be directly submitted to EO Director/Officer-in-Charge
the EO Director/Officer-in-Charge for
review and signing.
The MSh will be provided to the client
and should be
signed received
c) If client agrees to the findings presented, 5 minutes Monitoring Specialists

MSh will be provided to them and should
be signed received

3. Pays the assessed 3. Receives payment of assessed fines and Depends on the 5 -10 minutes Cashier
fines and penalties penalties and issues official receipt (OR) assessed fines
3.1 Prepares the Confirmation of Payment, 5 -15 minutes Monitoring Specialists/Frontline

submits to Director/Officer-in-Charge for Staff
review and signing and releases the COP
to client
TOTAL Depends on the 3 hours and 25 minutes

assessed fines

EXTENSION OFFICES
ILOILO CITY
SEC Building, Gen. Hughes St.,

IloIlo City

Office or Division: SEC Iloilo Extension Office (SEC-IEO)
-1 set original and 3 sets photocopies Assistance and Complaint Desk of SEC IEO or through the Commission’s website
at http://www.sec.gov.ph/services-2/company-2/amendment/

below their names
corporate dispute
4. EO Monitoring Officer Clearance SEC Extension Office

-For Investment company, Financing and Lending companies, Corporate Governance and Finance Department (CGFD)
issuers of proprietary or non-proprietary membership (i.e. golf
clubs), listed and public companies and foundation (1 original Markets and Securities Regulation Department (MSRD)
copy)
-For Capital Market Institutions (i.e. Exchange, Broker, Dealer,

original copy)
GOVERNMENT AGENCIES



a. Name Verification Slip (1 original) Name verification slip may be secured manually through the SEC Extension Office
by the verifying officer;
b. Affidavit of a director, trustees or officer undertaking to change May secure copy from the Public Assistance and Complaint Desk/EO Counter
If the provision to be amended is for registered corporations May secure copy from the Public Assistance and Complaint Desk or may
increasing its foreign equity to more than 40%, submit: download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
d.) F-101 registration/

If the provision to be amended is for registered corporations with May secure copy from the Public Assistance and Complaint Desk or may
more than 40% increasing further the percentage of such equity, download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
submit: registration/
d.) F-102
1. If corporate name is for 1. Approves or denies P100.00 per proposed 10 minutes per Administrative Officer II/
amendment: proposed name/s or trade corporate/trade application SEC Administrative Assistant II
name/s name/s
1.1. Fills out Name
Verification Forms
(Verifies, reserves or 1.1. Approves or denies 15 minutes per
company name with or appeal for the application
without trade name/s) proposed name/s or
trade name/s
the proposed corporate
name
2. For pre-processing, secures 2. Verifies completeness of None 5-10 minutes per Administrative Officer II/
queuing number from the EO amendment requirements application SEC Administrative Assistant II
queuing system and proceeds
to EO Counter for 2.1. If documents are 5-10 minutes per
presentation of documentary complete: application
requirements
2.1.1. Accepts
documents for
assignment to EO
processors


incomplete:
2.2.1. Returns
documents to
clients for
compliance
3. Waits for the corporation’s 3. Processes and evaluates None 20-30 minutes per Administrative Assistant II
name to be called by the application for amendment application (depending
assigned EO processor on the complexity of
3.1. If compliant, issues the documentary
Form
compliance
Payment Assessment Form Amendment of Articles
PHP 1,040.00
(*+**+***)
If Amendment of
laws: PHP 2,080.00

(*+*+**+**+***+***)
PHP 1,000.00
Amendment of By-
Laws – PHP 1,000.00
**Documentary Stamp
Taxes – PHP 30.00
***Legal Research
Fee-
for amendment (PHP
10.00)
**** Amendment with
corporate/trade
PHP 100.00 per
reserved
corporate/trade
name/s
******Amendment by
increasing foreign
PHP 30.00)

5. Secures queuing number from 5. Receives and verifies None 3-5 minutes per SEC Administrative Assistant II
the EO queuing system and documentary requirements application
proceeds to EO Counter for and proofs of payment
presentation of documentary
requirements with proof of
payment
laws
6.1. Signs the Certificate of 10 minutes per EO Director/OIC

By-laws

Certificate of Amended application
Articles of
By-laws
7. Secures queuing number from 7. Releases signed Certificate None 5 minutes per SEC Administrative Assistant II
the EO queuing system and of Amended Articles of application
proceeds to EO Counter for Incorporation and/or By-
presentation of the original laws
proof of payment and receives
the signed Certificate of

Amended Articles of
Incorporation and/or By-laws
TOTAL PHP 100.00 per 1 hour and 50 minutes
proposed
corporate/trade
name/s
Filing Fees:
PHP 1,040.00
(*+**+***)
If Amendment of
laws: PHP 2,080.00
(*+*+**+**+***+***)
PHP 1,000.00
Amendment of By-
Laws – P1,000.00
**Documentary Stamp
Taxes - PHP 30.00

***Legal Research
Fee-
for amendment (PHP
10.00)
**** Amendment with
corporate/trade
PHP 100.00 per
reserved
corporate/trade
name/s
******Amendment by
increasing foreign
PHP 30.00)


Basic Requirements (3 copies with at least 2 of which are original) May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk, or through the Commission’s website through
1. Cover Sheet; and URL http://www.sec.gov.ph/services-2/company-2/amendment/
Any of the partner

2. Amended Articles of Partnership
(1 original) Functions - Bangko Sentral ng Pilipinas
If the provision to be amended is the partnership name, submit: Name verification slip may be secured manually at the Public Assistance and
a. Name Verification Slip (1 original) Complaint Desk/ EO Counter
b. Affidavit of a partner to change partnership name. (Not required May secure copy from the Public Assistance and Complaint Desk (Ground Floor,
if already stated in the AP) (1 original; 3 photocopies) IEO Bldg.)

d. Deed of Assignment of partnership interest and or
and death of a partner (1 original; 3 photocopies) May secure copy from the Public Assistance and Complaint Desk or may
download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
If provision for amendment is to have foreign equity of a registered registration/
d.) F-106 May secure copy from the Public Assistance and Complaint Desk or may
download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
If provision for amendment is to further increase the foreign equity registration/
d.) F-107
1. If partnership name is for 1. Approves or denies proposed PHP 100.00 per 10 minutes per Administrative Officer II
amendment: name/s or trade name/s proposed application
partnership/trade
Verification Form
(Verifies, reserves or 1.1. Approves or denies 15 minutes per
company name with or appeal for the proposed application
without trade name/s) name/s or trade name/s



name
2. For pre-processing, secures 4. Verifies completeness of None 5-10 minutes per SEC Administrative Assistant II
queuing number from the EO amendment requirements application
queuing system and
proceeds to Counter for 4.1. If documents are 5-10 minutes per
presentment of documentary complete: application
requirements
for assignment to
EO processors

incomplete:
4.1.2.1. Returns
documents to
clients for
compliance
5. Waits for the partnership’s 5. Processes and evaluates None 20-30 minutes per Administrative Assistant II
name to be called by the application for amendment application Securities Specialist I
assigned EO processor (depending on the Securities Specialist II
5.1. If complete and complexity of the Securities Counsel II
compliant, issues documentary
Form


a checklist for
compliance
6. Pays the filing fee 6. Issues the Official Receipt Filing Fees: 5 minutes SEC Cashier
PHP 2,050.00
(*+**+***)
Partnership
**Documentary Stamp
Taxes - PHP 30.00
***Legal Research
Fee-
for amendment (PHP
20.00)
**** Amendment with
partnership/trade
PHP 100.00 per
reserved
corporate/trade
name/s
*****Amendment with
Deed of Assignment

PHP 2,000.00 per

Deed
******Amendment of
Partnership with
1/5 of 1% of the
2,000.00
*******Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)
7. Secures queuing number 7. Receives and verifies None 3-5 minutes per SEC Administrative Assistant II
from the EO queuing system documentary requirements application
and proceeds to EO and proofs of payment
Receiving Section for
payment
of payment
Partnership
10 minutes per EO Director/OIC

application


Amended Articles of
Partnership 5 minutes per Administrative Assistant II
application
8.2. Encodes signed
9. Secures queuing number 8. Releases signed Certificate of None 5 minutes per EO Frontline Staff
from the CRMD queuing Amended Articles of application Administrative Assistant II
system and proceeds to EO Partnership
Releasing Counter for
presentment of original proof
of payment and receives
Amended Articles of
Partnership
TOTAL PHP 100.00 per 1 hour and 50 minutes
proposed
partnership/trade
name/s
Filing Fees:
Amendment of
PHP 2,050.00
(*+**+***)

Partnership
**Documentary Stamp
Taxes - P PHP 30.00
***Legal Research
Fee-
for amendment (PHP
20.00)
**** Amendment with
partnership/trade
PHP 100.00 per
reserved
corporate/trade
name/s
*****Amendment with
Deed of Assignment
PHP 2,000.00 per
Deed
******Amendment of
Partnership with
1/5 of 1% of the
2,000.00

*******Amendment by
increasing foreign
equity FIA forms
(PHP 3,000.00 with
LRF of PHP 30.00)

Office or Division: IEO Public Assistance and Help Desk Counter

1. Duly accomplished request form Public Assistance and Complaint Desk/ EO Counter

Counsel I
6. Monitoring Clearance SEC IEO Extension Office
verification)
1. Secures a number through 1. Calls the number through the None 1 hour EO Frontline Staff/
2. Submits the requirements to 2. Records the application for - None 4 hours EO Frontline Staff
the Counter Officer for pre- pre-processing EO Director/OIC
processing
to an EO specialist

records the date of
submission and
forwards the
application to the

assigned EO
specialist
3 hours EO Frontline Staff
2.2. Advises the client when
to follow up the
application
6 working days Securities Specialist II
documents submitted
and in substance.
complete and in
order, the assigned
EO staff prepares
Final Report and
submits it to the EO
Director/OIC for
review

compliance,
specialist prepares
checklist of
deficiencies and
informs and returns

Go to Step 1* 7 working days Securities Specialist II
Securities Counsel II
2.4. Evaluates the final report
and recommends
approval to the Assistant
Director
forwards the
application to the
review and
signature

returns the
application to the
assigned EO
specialist. Go to
Step 2.3.1 7 working days EO Director
2.5. Reviews the

recommendation of the

filing, orders the

assigned EO
specialist to issue
Payment
Assessment Form
(PAF)

returns the
application to the
EO specialist. Go to
Step 2.3.1
3. Prepares follow-up slip (form 3. Receives the follow-up slip and None 1 hour EO Frontline Staff
is available at the Guard) and forwards it to the assigned
submits to Counter Officer financial specialist
4. Receives the Payment 4. Prepares and issues Payment None 1 hour IEO Specialist
Assessment Form Assessment Form (PAF) to the
applicant
5. Pays the corresponding filing 5. Receives and acknowledges *PHP 1,040 per copy 1 hour IEO Cashier
fees payment
*Inclusive of Legal
Research Fee of PHP
10.00 and
Documentary Stamp
Tax of PHP 30.00
6. Submits complete application 6.1 Receives complete application None 1 hour IEO Specialist
requirements for processing requirement and validated
together with the validated PAF
PAF

6.2 Receives the Audited Interim 1 hour IEO Receiving Section

6.1 In case wherein the basis for Financial Statements
certification is Audited Interim
Financial Statements, submits 6.3 Advises the client when to 45 minutes IEO Specialist
the Audited Interim Financial follow up the application
Statements then proceeds to
Step 6 6.4 Prepares Certificate of Paid-up 2 working days IEO Director
for initial of the Supervising
Specialist
6.5 Initials the Certificate of Paid- 2 working days Securities Specialist II

up Capital
6.6 Signs the Certificate of Paid- 2 days IEO Director

up Capital
6.7 Records the approved 45 minutes SEC Administrative Assistant II

Capital
7. Presents the Official Receipt 7. Receives the Official Receipt None 45 minutes IEO Frontline Staff
8. Receives the duly signed 8. Releases the signed Certificate None 45 minutes SEC Administrative Assistant II
TOTAL PHP 1,040.00 / copy 1. 7 working days
counted from the
Steps 1 to 2.3 –

2. 7 working days –
Step 2.4 –
Step 2.5
from steps 3 to 8



dispute URL:
P50,000,000.00

otherwise,


the list of subscribers to the increase with their respective Bangko Sentral ng Pilipinas
13. Others
1. Secures a number through 1. Calls the number through the None 1 hour SEC Administrative Assistant II

the Counter Officer pre-processing SEC Administrative Assistant II
2.1. For first time applicants, Securities Specialist II
Assigns the application Securities Counsel II
to an IEO processor

records the date of
submission and
forwards the
application to the
assigned EO
processor
2.2. Advises the client when 3 hours

to follow up the
application
2.3. Examines whether the 19 working days

documents submitted
in substance.
complete and in
prepares Final
Report and submits

it to his/her partner
Specialist

compliance, if
application is for
compliance,
specialist prepares
checklist of
deficiencies and
informs and returns
Go to Step 1
19 working days

the specialist to
issue Payment
Assessment Form
(PAF)

returns the
application to the
specialist. Go to
Step 2.3.2

3. Prepares follow-up slip (form 3. Receives the follow-up slip None 2 hours EO Frontline Staff
submits to Counter Officer assigned financial specialist
4. Receives the Payment 4. Prepares and issues Payment None 2 hours Administrative Assistant II
Assessment Form Assessment Form (PAF) to Securities Specialist II
the applicant
5. Pays the filing fees 5. Receives and acknowledges 1. Amended Articles 2 hours IEO Cashier
PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation

1/5 of 1% of the
increase in capital
stock computed at
value of the
subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations

inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00
6. Secures a number through 6. Calls the number through the None 2 hours Administrative Asst. II
(Receiving)
7. Submits complete application 7. Receives the complete None 2 hours IEO Receiving Unit
status

the Increase of Capital 3 working days Administrative Asst. II
Stock in the system and Securities Specialist II
7.2. Prepares Certificate of

Increase of Capital Stock 3 working days Administrative Asst. II
and Amendment of Securities Specialist II

application 12 working days EO Director/OIC
1 day Administrative Assistant II


application to the
Releasing Unit
8. Secures a number through 8. Calls the number through the None 2 hours EO Counter
(Releasing)
9. Presents the Official Receipt 9. Receives the Official Receipt None 2 hours EO Counter
10. Receives the duly approved 10. Releases the duly approved None 2 hours EO Frontline Staff
Certificate of Increase of Certificate of Increase of
Capital Stock and Amended Capital Stock and Amended
TOTAL 1. Amended Articles 1. 20 working days
of Incorporation – from Step 1 to Step
PHP 1,010* 2.3
Plus 2. 20 working days

from Step 2.4 to Step
2. Increase of Capital 6
Stock -
**For corporation with 3. 20 working days
par value – from Step 7 to Step 10
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed

capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the
subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00

PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00


2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets


BASIC REQUIREMENTS
dispute URL:

13. Stock Dividends

and correct
old)

15. Untitled Lands
declaration sheets
property

Lands
or appraised value)

based on book value
Pilipinas.
18. Shares of Stock
company accountant
assignor
verification)

19. Motor Vehicles
month old)


month old)
21. Intangibles
22. Net Assets
SEC
fiscal year

creditors
verification)
1. Secures a number through 1. Calls the number and assists None 1 hour EO Frontline Staff
the queuing system the client
the Counter Officer pre-processing SEC Administrative Asst. II
Securities Specialist II
EO Director/OIC


to a FAAD specialist
2.1.1. If for
compliance, records
the date of
submission and
forwards the
application to the
assigned FAAD
Specialist 3 hours Securities Specialist II

to follow up the
application 19 working days

documents submitted
in substance.
2.3.1. the specialist

prepares Final
Report and submits
it to the Assistant
Director


compliance,
specialist prepares
checklist of
deficiencies and
informs and returns
Go to Step 1 19 working days Securities Counsel I

the FAAD Specialist
to issue Payment
Assessment Form
(PAF)

returns the
application to the
FAAD Specialist.
Go to Step 2.3.2
3. Prepares follow-up slip (form 4. Receives the follow-up slip None 2 hours IEO Frontline Staff
5. Receives the Payment 5. Prepares and issues Payment None 2 hours Securities Specialist II
Assessment Form Assessment Form (PAF) to Securities Counsel II
the applicant

6. Pays the filing fees 6. Receives and acknowledges 1. Amended Articles 2 hours IEO Cashier
PHP 1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the

subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00
7. Secures a number through 7. Calls the number through the None 2 hours IEO Frontline Staff
the queuing system system and assists the client Administrative Asst. II
(Receiving)

8. Submits complete application 8. Receives the complete None 2 hours IEO Receiving Unit
status
8.1. Encodes the details of 3 working days Administrative Asst. II

the application in the Confidential Asst. III
system and forwards the Securities Specialist II
application to the
Support Staff
8.2. Prepares Certificate 3 working days Administrative Asst. II
8.3. Signs and approves the 12 working days Securities Specialist II

application EO Director/OIC
8.4. Forwards the approved 1 working day Administrative Assistant II

application to the
Releasing Unit
9. Secures a number through 9. Calls the number through the None 2 hours IEO Counter
(Releasing)
10. Presents the Official Receipt 10. Receives the Official Receipt None 2 hours IEO Counter
11. Receives the duly approved 11. Releases the duly approved None 2 hours IEO Frontline Staff
application application

TOTAL 1. Amended Articles 1. 20 working days

of Incorporation – from Step 1 to 2.3
PHP 1,010*
2. 20 working days
Plus from Step 2.4 to Step
6
Stock - 3. 20 working days
**For corporation with from Step 7 to Step 10
par value –
1/5 of 1% of the
increase in capital
stock but not less
of the subscribed
capital stock,
whichever is higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
value of the

subscribed capital
stock, whichever is
higher
1% of the computed
not less than PHP
10.00
4. Documentary
Stamp tax of PHP
60.00
PHP 10.00
***For Corporations
inclusive of LRF of
PHP 30.00 and DST
of PHP 30.00



* Lending CGFD
* Foundation CGFD
For Corporations with Secondary Licenses, attach the Articles of

Incorporation or latest Amended Articles of Incorporation, if any Corporate Secretary or at www.secexpress.ph
For Partnerships, attach the Articles of Partnership or latest

Amended Articles of Partnership, if any Corporate Secretary or at www.secexpress.ph
1. Secures a queuing number in 1. Calls the number and assists None 3 minutes EO Frontline Staff
SEC EO the client Administrative Assistant I
2. Waits for the processing of 2. Receives application Certification Fee – 2 minutes Administrative Assistant I
request PHP 500 Administrative Officer IV

2.1. Receives the PAF and Documentary Stamp

pays to the SEC 2.1. Evaluate attachments Tax – PHP 30 2 minutes
Cashier.
2.2. Verifies the status of 5 minutes per
corporation through CIS- document
URDB.
2.2.1. If application is 5 minutes per

cleared, a Payment document
Assessment Form
is issued to
applicant with
the SEC Cashier.
2.2.2. If not cleared in 5 minutes per

Certification document
Issuance System-
Unified Reference
Database (CIS-
URDB), instructs
the applicant to
return to the
department who
encoded the
infraction.
3 minutes

2.3. Receives the machine Administrative Assistant I/

validated Payment Administrative Officer IV
Assessment Form.
5 minutes
2.4. Prints the Certificate of Administrative Assistant I/
No Derogatory Administrative Officer IV
Information through the
CIS-URDB.
10 minutes
2.5. Reviews the application EO Director/OIC
of No Derogatory
Information.
3. Secures a queuing number in 3. Calls the number None 1 minute EO Frontline Staff
SEC EO and proceeds to EO
Counter
4. Receives the certification 4. Seals the Certificate of No None 5 minutes Administrative Assistant I/
Derogatory Information with Administrative Officer IV
the SEC logo
of No Derogatory
applicant.
TOTAL PHP 530 47 minutes

Office or Division: SEC IEO Extension Office (SEC-IEO)

concerned EO staff
2. Waits to process the request 2. Prepares the requested None 5 minutes per Confidential Assistant III
documents and forwards to document Administrative Officer II
the Confidential Assistant III
2.1. *If plain copy, prints the PHP 10.00 per page 10 minutes per
documents document
10 minutes
2.2. **If authenticated copy, Administrative Officer IV
documents

and/or Payment


together with the
documents to the EO
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government
Service Insurance
System (GSIS) and
other profit-making
agencies, issues
the PAF

PAF

to the Administrative 5 minutes
Assistant II EO Director

3. Receives the transmittal letter 4. Transmits the signed letter None 5 minutes per agency Administrative Officer IV
with attached document/s reply with attached
documents

document/s

transmits by
courier/express

PAF through
courier/express


Who may avail: All
None None
1. Gets a number in the EO 1. Presses the queuing button to None 1 minute Securities Specialist II
queuing system and call the number of the client Securities Counsel II
proceeds to Public
Assistance & Complaint Desk
complaint Information Officer III
2.1. On the nature of the
2.1. Presents written concern/query; or 5 minutes EO Frontline Staff
complaint Information Officer III
2.2. Hands out the requested
checklist of
or sample forms;
2.3. Refers to the appropriate 5 minutes EO Frontline Staff

EO staff Information Officer III

2.4. Endorses written 5 minutes Information Officer III

complaint to the Office of Office of the EO Director
days

1. Client proceeds to the 1. Calls on the client's number None 2 minutes Confidential Assistant III
receiving and releasing Administrative Asst. II
counter of any Extension Administrative Asst. I
Office; gets queue number
and waits to be called
1.1. Presents 5 sets/copies 1.1. Encodes document, 3 minutes/doc

of documents prints barcode page, and
attached barcode page
to each copy
2. Claims 1 set for his file copy, 2. Retains 4 sets including 1 minute -do-
including the original and returns 1 set to
acknowledgement receipt client
(barcode page)


 Articles of Partnership (for partnerships)
 Articles of Incorporation (for stock and non-stock SEC Extension Office
corporations)
CASH



therein.

if inactive.
2. Verifies, reserves or appeals 2. System validates proposed None

are not filled up
line
4. Submits the hard copies of 4. Receives the application 5 minutes Administrative Asst. II
signed and notarized documents and assigns to a Confidential Asst. III
documents processor Securities Specialist I
4.1. Processes the submitted 20 minutes Securities Counsel II
application in
accordance with the
Revised Corporation
Code, Guidelines on

Corporate names,
Anti-Dummy Law and
and regulations
4.1.1. If compliant, 5 minutes

processor issues a For stock corporation
Payment based on the
(PAF) stock:
4.2. Required filing fees 1% of the authorized
based on Memo Circular capital stock but not
No. 3, series of 2017 less than PHP 2,000
or the subscription
4.2.1. If non-compliant, price of the
application will be subscribed capital
returned to the party stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue

value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

5. Submits the proof of payment 5. Officially receives and stamps None 5 minutes Administrative Asst. II
registration application Securities Specialist II
Registration (COR)
5.1. Enters company name in 5 minutes Administrative Assistant II

prints Certificate
5.2. Reviews and evaluates 10 minutes EO Director/OIC


Registration (COR)
documents were
returned to the
processor, then to
the party/client
6. Presents Official Receipt to 6. Enters company name in the None 5 minutes Administrative Asst. II


(COR) receipt
TOTAL For stock corporation 55 minutes

based on the
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher

By-Laws for both

stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

10. Registration of Corporations through the CRS
This service details the procedure and documentary requirements for the registration and/or issuance of the primary licenses of a) ordinary stock
corporations; b) issuance of secondary licenses or certificates of authority of lending and financing companies; and c) incorporation of non-stock,
non-profit corporations. The process is done through the Company Registration System at crs.sec.gov.ph, the online registration system of the SEC.

For Stock corporation
1. Cover Sheet* CRS-generated
2. Articles of Incorporation (AI)*
2.1. Tax Identification Numbers (TIN) of Filipino
incorporators, directors, stockholders including
corporate subscribers (to be written in the Articles
of Incorporation and applicable document/s)
2.2. Tax Identification Numbers (TIN) or passport
numbers of foreign incorporators, directors and
stockholders (to be written in the Articles of
3. Treasurer’s Affidavit* (in case not incorporated in the
Articles of Incorporation)
4. By-Laws*
5. Foreign Investments Act (FIA) Application Form (F-100),* if CRS-generated
more than 40% foreign equity
6. Joint Affidavit of Undertaking to Change Name (in case not CRS-generated
incorporated in the Articles of Incorporation)* CRS-generated

7. Affidavit of Relinquishment (in case the treasurer is a
foreigner and the business activity of the registrant is a Sample forms of Cover Sheet, Joint Affidavit of Undertaking to Change Name
partly-nationalized activity* and Affidavit of Relinquishment available at the SEC website at www.sec.gov.ph
8. Authenticated/Apostilled Articles of Incorporation and By-
Laws and supporting documents, if the same were
executed in a foreign jurisdiction (1 original, 2 photocopies)
9. Endorsement/Clearance from other government agencies,
if applicable (1 original, 2 photocopies)
10. Endorsement/Clearance from other departments of the Parent Company of the Foreign Corporation and Philippine Embassy/Consulate
SEC, if applicable (1 original, 2 photocopies)
11. Endorsement/Clearance from a) Philippine Economic Zone
Authority (PEZA); b) Subic Bay Metropolitan Authority
(SBMA) or Clark Development Corporation (CDC); and/or c)
Cagayan Economic Zone Authority (CEZA), if applicable; (1 Other requirements must be secured by the registrant from the appropriate
original, 2 photocopies) government agency or SEC department, or to be supplied by the registrant, if
12. Certificate of Incorporation and Articles of Incorporation or applicable
latest General Information Sheet (GIS) of any corporate
subscriber (1 photocopy)
13. Proof of existence of foreign corporate subscriber/s (1 SEC-Registered Domestic Corporation
photocopy)
14. Other requirement/s as may be required by the CRMD
Director (1 original, or if applicable, 1 photocopy only) Foreign Corporation abroad
*3 sets of hard copies to be received by the CRMD Receiving Unit

with at least one set in original form containing the original
signatures of the required signatories and notary public.
For non-stock religious’ aggregates
1. Affidavit of Affirmation/Verification by the chief priest, Public Assistance and Complaint Desk/EO Counter
rabbi, minister, or presiding elder *not required if already
part of the Articles of Incorporation

For foundation
1. Notarized certificate of bank deposit of the contribution, Banks
which shall not be less than P1,000,000.00
2. Statement of Willingness to allow the Commission to Notary Public
conduct an audit
For federation
1. List of Member-Associations certified by the Corporate Corporate Secretary
Secretary
For confederation Corporate Secretary
2. List of Member-Federations certified by the Corporate
Secretary
For condominium corporation/association
1. Notarized Copy of the Master Deed with primary entry of the Condominium Developer and Register of Deeds
Register of Deeds
2. Certification that there is no existing similar condominium Applicant Condominium Corporation/Association to be executed by the
association within the condominium project Corporate Secretary
System (CRS) by logging in to sign-in to the facilities i.e. system is working)
1.1. Verifies the created 1.1. *Email account created 1 minute

then log-in his/her within 90 calendar days
account logs-in if inactive

1.2. Verifies, reserves, or 1.2. System approves/denies 10 minutes

names, if applicable No. 13, series of 2019

proceed with the proposed name/s
encoding of
information 30 minutes Name Verification Officer
name expires on
up documents
1.2.3. If denied, avails of

online appeal of
rejected names by
uploading appeal
letter and/or
supporting
documents


information

CRS generated
documents
2. Waits for the evaluation of 2. Evaluates uploaded None 30 minutes per Administrative Officer II
submitted documents documents application Securities Specialist I
EO Director/EO-OIC
incomplete or with
the deficiencies or e-mail alert if the

the documentary
requirements


GCash or Landbank
then uploads
documentary
CRS

Order of Payment
4. Presents the Order of 4. Issues and prints out the None 5 minutes Administrative Officer II
Payment Payment Assessment Form Securities Specialist I
(PAF) Securities Specialist II
4.1. If at Extension Office,
presents the Order of 4.1. Presents PAF to the 1 minute
for his/her
4.2. *Bring the documentary initial/signature
requirements
4.2. Issues machine-
4.3. If at any SEC-accredited validated Oncoll
Landbank branches, Payment Slip/s
Payment
5. Presents the PAF at the SEC 5. Accepts payment and issues a) Articles of 5 minutes EO Cashier
Cashier and pays the filing Official Receipt (O.R.) and Incorporation, Stock
fees Corp., with par value:

machine-validated Payment 1/5 of 1% of the

stock or the
stock, whichever is
than PHP 2,000.00
plus
1% Legal Research
Fee (LRF) but not

of the authorized
capital stock
computed at PHP 100
per share of the
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than P20.00;

b) By-Laws: PHP
LRF;
PHP 100.00 for each
corporate name and
trade name, if
applicable;
d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00
6. Upon payment, 6. Uploads the proof of payment None 2 minutes EO Frontline Staff
and documentary Information Officer III
payment and
documentary
requirements; or

payment and

documentary
requirements in CRS
7. Gets a queuing number in 7. Calls the number None 1 minute EO Frontline Staff
SEC-EO and proceeds to the
Receiving Unit 7.1. Checks the 5 minutes Information Officer III
completeness of the
7.1. Submits three (3) sets of documents submitted to
documentary ensure that there is at
requirements (1 original; least one original set of
2 photocopies) at the EO the application
Counter
7.2. Stamps receives and
affixes initials on the
submitted documents
and advises registrant to
wait for 3 working days
for the release of the
Certificate of
Registration
signed Certificate payment and documentary Securities Specialist I
requirements Securities Specialist II

compliant, tags the
“For Receiving”


application to the

8.4. Retrieves the hard 5 minutes

copies of the application
and forwards to the
Administrative Assistant
II
8.5. Generates the Certificate 5 minutes Administrative Assistant II

through CRS and
payment and
documentary
requirements to the
8.7. Signs the Certificate; or



for compliance. 10 minutes Administrative Assistant II

Registration Records 5 minutes
(URRs) of the
corporation and forwards
to the EO Counter
9. Gets a queuing number in 9. Calls the number None 1 minute EO Frontline Staff
SEC EO and proceeds to the Information Officer III
Releasing Unit 9.1. Releases Certificate and 5 minutes
URR to the applicant
9.1. Presents original proof of
payment to the EO
Certificate and URR
Incorporation, Stock minutes
Corp., with par value:
1/5 of 1% of the
authorized capital
stock or the
stock, whichever is

than PHP 2,000.00

plus
1% Legal Research
Fee (LRF) but not

of the authorized
capital stock
computed at PHP 100
per share of the
stock, whichever is
higher but not less
than PHP 2,000.00
plus 1% LRF but not
less than PHP 20.00;
b) By-Laws: PHP
LRF;
PHP 100.00 for each
corporate name and
trade name, if
applicable;

d) Registration of
Stock and Transfer
Book: PHP 150.00
d) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00


corporations)  Computation of filing fee: www.sec.gov.ph/wp-
 Treasurer’s Affidavit (for stock corporation only, optional if content/uploads/2017/03/2017MCno03-new2.pdf

CASH

1. Fill-out Name Verification Slip 1. Verifies and reserves the None 10 minutes Securities Counsel II
accordance with
series of 2019

on the 30th day
2. Prepares necessary 2. None None Applicant/registrant
documents
3. Submits the hard copies of 3. Receives the application None 5 minutes Administrative Officer II
signed and notarized documents and assigns to a Securities Specialist I
documents processor Securities Specialist II
EO Director/OIC
3.1. Processes the submitted 20 minutes
application in
accordance with the
Corporation Code of the

Philippines, Guidelines
on Corporate names,
Anti-Dummy Law and
SEC rules and
regulations
3.1.1. If compliant, For stock corporation 5 minutes

processor issues a based on the
Payment authorized capital
3.2. Required filing fees capital stock but not
based on Memo Circular less than PHP 2,000
No. 13, series of 2019 or the subscription
price of the
3.2.1. If non-compliant, subscribed capital
application will be stock whichever is
returned to the party higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue

value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

registration application and Securities Specialist II
forwards to the Administrative
Assistant II for generation of
the Certificate of Registration
(COR)

the EO Masterlist and 5 minutes Administrative Assistant II
prints Certificate

the application with 10 minutes EO Director/OIC

of the Certificate
documents returned
to the processor,
then to the
party/client
5. Presents Official Receipt to 5. Enters company name in the None 5 minutes Administrative Assistant II


(COR)
based on the
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher

By-Laws for both

stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)

(R.A. No. 11232)

 Acceptance letter of the Nominee and Alternate Nominee  Computation of filing fee: www.sec.gov.ph/wp-
1. Fill-out Name Verification Slip 1. Verifies and reserves the None 10 minutes Administrative Officer II
for the proposed company proposed company name with Securities Specialist I
name or without trade name/s in Securities Specialist II
accordance with
series of 2019

on the 30th day

2. Prepares necessary 2. None None Applicant/registrant

documents for OPC
3. Submits the hard copies of 3. Receives the application None 5 minutes
documents at EO Counter processor
3.1. Processes the submitted 20 minutes Administrative Officer II

application in Securities Specialist I
accordance with the Securities Specialist II
Revised Corporation EO Director/ OIC
Code, Guidelines on
Corporate names,
Anti-Dummy Law and
and regulations
3.1.1. If compliant, For stock corporation 5 minutes

processor issues a based on the
Payment authorized capital
3.1.2. If non-compliant, capital stock but not
application will be less than PHP 2,000
returned to the party or the subscription
price of the

3.2. Required filing fees subscribed capital

based on Memo Circular stock whichever is
No. 3, series of 2017 higher
3.2.1. If non-compliant, of 1% of the
application will be authorized capital
returned to the party stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the

than Ten Pesos (PHP

10.00)
registration application, Securities Specialist II
Registration (COR)
4.1. Enters company name in 5 minutes Administrative Assistant II

prints Certificate
4.2. Reviews and evaluates 10 minutes EO Director/OIC

the application and

Registration (COR)
documents returned
to the processor,
then to the
party/client
5. Presents Official Receipt to 5. Enters company name in the None 5 minutes Confidential Asst. III
secure the Certificate of Masterlist and releases the Administrative Asst. II


(COR)
based on the
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital

stock whichever is
higher
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)


Cover Sheet (2 original; 1 photocopy) CRS-generated
Signed & notarized Articles of Partnership (1 original; 2 CRS-generated
photocopies)
 Tax Identification Numbers (TIN) of Filipino partners Bureau of Internal Revenue (BIR)
including domestic partnership (to be written in the Articles
of Partnership and applicable document/s)
 Tax Identification Numbers (TIN) or passport numbers of Bureau of Internal Revenue (BIR)
foreign partners (to be written in the Articles of Partnership
 Proof of existence of foreign company (if a partner in the http://www.sec.gov.ph/wp-content/uploads/2015/01/Minimum-Paid-Up-
partnership agreement is signed in the home country) Capital_Final1.pdf
 Board Resolution of the Foreign Company authorizing it to
be a partner in a Contract of Partnership
(Authenticated/Apostilled Document) and designating the
authorized signatures
 Minimum paid-up
If there are one (1) or more foreign partners CRS-generated
Signed & notarized F-105 (Foreign Investments Act Application
Form)

If documents were signed in a foreign jurisdiction,
If applicable, Endorsement/Clearance from other government BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER



account if inactive
10 minutes

1.2. Verifies, reserves, or 1.2. System approves/denies


proceeds with the proposed name/s
encoding of 30 minutes Name Verification Officer
information
name expires on
up documents
1.2.3. If denied, avails

online appeal of
rejected names by
uploading appeal
letter and/or
supporting
documents


information

CRS generated
documents
2. Waits for the evaluation of 2. Evaluates uploaded None 30 minutes per Administrative Officer II
submitted documents documents application Securities Specialist I
incomplete or with

the documentary
requirements


GCash or Landbank
then uploads
documentary
CRS

Order of Payment
4.1. If at SEC Head Office or (PAF)
Extension Office,
presents the Order of 4.1. Presents PAF to the 5 minutes Securities Counsel II
4.2. *Brings the documentary for his/her
requirements initial/signature
4.3. If at any SEC-accredited 4.2. Issues machine- 1 minute

Landbank branches, validated Oncoll
presents the Order of Payment Slip/s
Payment
5. Presents the PAF at the SEC 5. Accepts payment and issues a) Articles of 5 minutes IEO Cashier
fees of the Partnership’s

machine-validated Payment capital but not less

Assessment Form than PHP 2,000.00
plus
1% Legal Research
than PHP 20.00.
PHP 100.00 for each
trade name, if
applicable;
c) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00
6. Upon payment, 6. Uploads the proof of payment None 2 minutes Confidential Assistant III
and documentary
payment and
documentary
requirements; or

payment and

documentary
requirements in CRS
7. Gets a number and proceeds 7. Calls the number None 1 minute Confidential Asst. III
to the EO Counter
7.1. Checks the 5 minutes
7.1. Submits three (3) sets of completeness of the
2 photocopies) at the least one original set of
CRMD Receiving the application
Section
of Registration
8. Waits for the release of the 8. Checks the uploaded proof of None 5 minutes Administrative Asst. II
signed Certificate payment and documentary
requirements

compliant, tags the
“For Receiving”


application to the
8.3. Tags the application in 5 minutes Administrative Assistant II

8.4. Retrieves the hard 5 minutes

Analyst
5 minutes
through CRS and
payment and
documentary
requirements to the
8.6. Reviews the application 10 minutes EO Director, EO-OIC

for compliance.


Registration Records 5 minutes Administrative Assistant II
(URRs) of the
to the EO Counter
9. Gets a number and proceeds 9. Calls the number None 1 minute EO Frontline Staff
to the EO Counter Administrative Asst. I
9.1. Releases Certificate and None 5 minutes
9.1. Presents original proof of URR to the applicant
payment to the EO
Certificate and URR
than PHP 2,000.00
plus
1% Legal Research
than PHP 20.00.
PHP 100.00 for each
trade name, if
applicable;

c) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00
Book

 Secretary's Certificate (Clarification) EO Public Assistance and Complaint Desk
 Affidavit of the Corporate Secretary (Anti-Dummy Law/One
(P5,000,000)

requirements;

accepted and issues an
acknowledgement
receipt indicating the
date of return

1.3. Prints system generated

Document Index List
(DIL)
1.4. Assigns DIL with

attached documents to a 5 minutes Monitoring Specialist
particular monitoring
specialist (MS)
1.5. Determines compliance,

deficiencies and Guidelines on the 2 minutes Securities Specialist II
violations, and prepares Imposition of fines or
the Monitoring Sheet penalties for
(MSh) noncompliance with
reportorial
requirements; 30-45 minutes on Monitoring Specialists
Memorandum Circular average per
No. 8, series of 2009 corporation
(MC8-2009);
Amended rules
governing the
Memorandum Circular
(MC8-1998); and


Series of 2010
2. Returns on assigned day, and 2. Presents the findings to the None 15 minutes Monitoring Specialists
if is agreeable to the findings applicant
presented, signs the MS
2.1. If there are no EO Director/OIC
prepared by the
submitted to the EO
Charge for signing
2.2. Note: If applicable,

clarification and further
compliance may be
required by the MS prior
to the release of the MSh
(with the approval of EO
Director, a clarificatory
conference with the
parties may be called)
5 minutes Monitoring Specialists

2.3. Prepares and issues the

Payment Assessment
Form (PAF)
3. Pays the assessed fines and 3. Receives payment of None Applicant
Note: Applicant with request and issues official receipt
for reduction or payment in The Decision shall be entered
installment of fines, the in the Book of Entry of
procedure for reduction of Judgments (SEC Rules of
fines or payment in Procedure, Part 4, Rule II,
installment will be followed. Section 2-4)
4. Presents machine-validated 4. Receives the PAF together 5 minutes EO Frontline Staff
PAF with the other documents and
indicates date of the release
of the Confirmation of
Payment of Fines (COP)
4.1. Prepares the COP 5 minutes Monitoring Specialists
4.2. Review and signs the 10 minutes EO Director/Officer-in-Charge

COP or MS, if without
penalty
4.3. If Upon review, there are

determined
deficiencies/corrections,
it will be returned to the

applicant until the same

has been complied with
5. Returns on assigned day 5. Releases the COP and MS 2 minutes EO Frontline Staff
(should not exceed 7 working
days from receipt of request)
TOTAL Depends on assessed 1 hour & 44 minutes
fines & penalties

EXTENSION OFFICES
CAGAYAN DE ORO CITY
SEC Building, Corner 14th and Tomasaco De Lara Streets,

Cagayan De Oro City

Office or Division: SEC Cagayan De Oro Extension Office (SEC-CDOEO)
Classification: Complex
Basic Requirements (STOCK OR NON-STOCK CORPORATIONS)
-5 sets and at least 2 copies are original May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk at Table 1 or through the Commission’s website
1. Amended Articles of Incorporation/By-laws at http://www.sec.gov.ph/services-2/company-2/amendment/
below their names
corporate dispute
4. Monitoring Clearance (Table 4) SEC Extension Office
Corporate Governance and Finance Department (CGFD)

-For Investment company, Financing and Lending companies,
issuers of proprietary or non-proprietary membership (i.e. golf
clubs), listed and public companies and foundation (1 original
copy)
-For Capital Market Institutions (i.e. Exchange, Broker, Dealer, Markets and Securities Regulation Department (MSRD)



corporate name.(Not required if already stated in the Al)
If the provision to be amended is to further increase of foreign download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
equity participation to more than 40%, submit: registration/

e.) F-101 May secure copy from the Public Assistance and Complaint Desk or may
If the provision to be amended is to further increase of foreign fees/primary-registration/
equity participation to more than 40%, submit:
e.) F-102
1. If corporate name is for 1. Approves or denies

amendment: proposed name/s or trade
name/s
1.1. Fills out Name Verification 1.1. Approves or denies P100.00 per proposed 10 minutes per Name Verification Officer
Forms (Verifies, reserves appeal for the corporate/trade name/s application
or company name with or proposed name/s or
without trade name/s) trade name/s
1.2. If name is rejected, 15 minutes per

registrant may appeal for application
the proposed corporate
name
queuing number from the EO amendment requirements application Information Officer III
queuing system and proceeds
to EO Processor for 2.1. If documents are 5-10 minutes per
presentation of documentary complete: application
requirements


incomplete:
2.3. Returns documents

to clients for
compliance
3. Waits for the corporation’s 3. Advises the client when to None 1-3 working days per Supervising Administrative Officer
name to be called by the follow up the application application Securities Counsel I
assigned EO processor (depending on the Securities Specialist I
3.1. Processes and complexity of the Securities Specialist II
evaluates application documentary EO Director/OIC
for amendment requirements)
3.2. If compliant, issues

Payment
Assessment Form
compliance
4. Prepares follow-up slip (form is 4. Receives the follow-up None 30 minutes EO Frontline Staff
available at the Guard) and slip and forwards it to the
submits to Counter Officer assigned SEC specialist
5. Receives the Payment 5. Prepares and issues None 30 minutes Supervising Administrative Officer
Assessment Form Payment Assessment Securities Counsel I
Form (PAF) to the Securities Specialist II
applicant Securities Specialist I

and machine-validated Administrative Assistant II
Payment Assessment Amendment of Articles
Form of Inc. or By-laws :
P1,040.00 (*+**+***)
6.1. Stamps paid the
document and If Amendment of
forward to the Articles of Inc. and By-
Receiving Officer laws: P2,080.00
(*+*+**+**+***+***)
6.2. Stamps received the
documents and * Amendment of
forward to the in- Articles of
charge for the Incorporation –
Certificate Amended P1,000.00 Amendment
Articles of of By-Laws –
Incorporation and/or P1,000.00
By-laws
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-
amendment (P10.00)
**** Amendment with

per reserved
******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF of
P30.00)
7. Waits for the issuance of signed 7. Prepares the Certificate of None 20 minutes per Supervising Administrative Officer
Certificate Amended Articles of application Securities Counsel I
Incorporation and/or By- Securities Specialist II
laws Securities Specialist I
7.1. Signs the Certificate 20 minutes per EO Director/OIC

of Incorporation
and/or By-laws

Amended Articles of
By-laws
8. Secures queuing number from 8. Releases signed NONE 10 minutes per EO Frontline Staff
the EO queuing system and Certificate of Amended application Information Officer III
proceeds to EO Counter for Articles of Incorporation
presentation of the original and/or By-laws
proof of payment and receives
the signed Certificate of

Amended Articles of
Incorporation and/or By-laws
minutes
P1,040.00 (*+**+***)
If Amendment of
laws: P2,080.00
(*+*+**+**+***+***)
* Amendment of
Articles of
Incorporation –
P1,000.00 Amendment
of By-Laws –
P1,000.00
**Documentary Stamp
Taxes - P30.00
***Legal Research
Fee-
amendment (P10.00)
**** Amendment with


per reserved
******Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF of
P30.00)

This service details the procedure in applying for amendment of the Articles of Partnerships

Basic Requirements (5 sets and at least 2 copies are original) May secure Checklist of requirements and sample formats from the Public
1. Cover Sheet; and Partnership Registration Division or through the Commission’s website through
2. Amended Articles of Partnership Any of the partner
(1 original) Functions - Bangko Sentral ng Pilipinas

If the provision to be amended is the partnership name, submit:

Name verification slip may be secured manually at Table 1;
If already stated in the AP) (2 originals; 3 photocopies)
If the provision to be amended is the change of partners, submit:
e. Deed of Assignment of partnership interest and or

and death of a partner. For change of partner/s, out-going
partner/s must execute under oath allowing the
remaining/new partners to continue the use of
partnership name (2 originals; 3 photocopies)
If provision for amendment is to have foreign equity of a registered download through SEC Website at http://www.sec.gov.ph/forms-and-
partnership, submit: fees/primary-registration/
e.) F-106
If provision for amendment is to further increase the foreign equity download through SEC Website at http://www.sec.gov.ph/forms-and-
of a registered partnership, submit: fees/primary-registration/
e.) F-107

1. If partnership name is for 1. Approves or denies

name/s
1.1. Fills out Name Verification 1.1. Approves or denies P100.00 per 10 minutes per Name Verification Officer
Form (Verifies, reserves or appeal for the proposed application
company name with or proposed name/s or partnership/trade
without trade name/s) trade name/s name/s

name
queuing number from the EO amendment requirements application Information Officer III
queuing system and wait
number to be called for 2.1. If documents are 5-10 minutes per
presentment of documentary complete: application
requirements
2.1.1. Accepts
documents for
assignment to
EO processors

incomplete:

2.2.1. Returns
documents to
clients for
compliance
3. Waits for the partnership’s name 3. Advises the client when to None 30 minutes to 2 Administrative Officer II
to be called by the assigned EO follow up the application working days per Securities Specialist I
processor application (depending Securities Specialist II
3.1. Processes and on the complexity of EO Director/OIC
evaluates application the documentary
for amendment requirements)

compliant, issues
Payment Assessment
Form
compliance
4. Prepares follow-up slip (form is 4. Receives the follow-up slip None 30 minutes EO Frontline Staff
available at the Guard) and and forwards it to the
submits to Counter Officer assigned SEC specialist
Assessment Form Payment Assessment Securities Counsel I


applicant Securities Specialist I
Payment Assessment Amendment of
Form Articles Partnership:
P2,050.00 (*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of

P2,000.00 per Deed
******Amendment of
Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
Capital but not less
than P2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of P30.00)
7. Waits for the issuance of signed 7. Prepares the Certificate of None 20 minutes per Administrative Assistant II
Certificate Amended Articles of application
Partnership
7.1. Signs the Certificate 20 minutes per EO Director/OIC

of Partnership
Amended Articles of
Partnership
8. Secures queuing number from 8. Releases signed None 10 minutes per EO Frontline Staff
the EO queuing system and Certificate of Amended application Information Officer III
proceeds to EO Releasing Articles of Partnership
Counter for presentment of

original proof of payment and

receives signed Certificate of
Amended Articles of Partnership
TOTAL Filing Fees: 3 hours
Amendment of
P2,050.00 (*+**+***)
*Amended Articles
of Partnership
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
for amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of

P2,000.00 per Deed
******Amendment of
Partnership with
Increase in Capital
– 1/5 of 1% of the
Partnership’s
Capital but not less
than P2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of P30.00)


1. Duly accomplished request form Public Assistance and Complaint Desk/ EO Counter
Counsel I
6. Monitoring Clearance SEC-TEO
verification)

1. Secures a number from the 1. Calls the number and assists None 1 hour EO Frontline Staff/
guard on duty the client COS
the EO counter for pre- pre-processing
processing
to an EO staff

records the date of
submission and
forwards the
application to the
assigned EO staff
to follow up the
application
2.3. Examines whether the 3 hours EO Frontline Staff

documents submitted Admin Officer IV
in substance.
2.3.1. If application is 6 working days Securities Specialist I

complete and in Securities Specialist II
order, the assigned Securities Counsel I
EO staff prepares
Final Report and

submits it to the
for review

compliance,
assigned EO staff
prepares checklist
of deficiencies and
informs and returns
Go to Step 1*
2.4. Evaluates the final report 7 working days Securities Counsel I

and recommends
approval to the EO
Director
forwards the
application to the
review and
signature

returns the
application to the

assigned EO staff.
Go to Step 2.3.1
7 working days EO Director
2.5. Reviews the

filing, orders the
assigned EO staff to
issue Payment
Assessment Form
(PAF)

returns the
application to the
assigned EO staff.
Go to Step 2.3.1
3. Prepares follow-up slip (form 3. Receives the follow-up slip and None 1 hour Counter Officer
is available at the Guard) and forwards it to the assigned EO
submits to Counter Officer staff
4. Receives the Payment 4. Prepares and issues Payment None 1 hour Admin Officer IV
Assessment Form Assessment Form (PAF) to the Securities Specialist I
5. Pays the corresponding filing 5. Receives and acknowledges *PHP 1,040 per copy 1 hour Cashier
fees payment
*Inclusive of Legal
Research Fee of PHP

10.00 and
Documentary Stamp
Tax of PHP 30.00
6. Submits complete application 6. Receives complete application None 1 hour Admin Officer IV
requirements for processing requirement and validated Securities Specialist I
together with the validated PAF Securities Specialist II
PAF
6.1 In case wherein the basis for 6.1 Receives the Audited Interim 1 hour EO Frontline Staff
certification is Audited Interim Financial Statements None
the Audited Interim Financial 6.2 Advises the client when to 45 minutes EO Frontline Staff
Statements then proceeds to follow up the application
Step 6
6.3 Prepares Certificate of Paid-up 2 working days Admin Officer IV/ Securities
Specialist I/ Securities Specialist
II
6.4 Initials the Certificate of Paid- 2 working days EO Director

up Capital
6.5 Signs the Certificate of Paid- 2 days Admin Officer IV/ Securities
up Capital Specialist I/ Securities Specialist
II
6.6 Records the approved 45 minutes
Capital

8. Receives the duly signed 8. Releases the signed Certificate None 45 minutes EO Frontline Staff/COS
TOTAL PHP 1,040.00 / copy 1. 7 working days
counted from the
Steps 1 to 2.3 –
Step 2.4 –
Step 2.5
from steps 3 to 8

dispute URL:

i. AUDITED FINANCIAL STATEMENTS as of the last fiscal year To be provided by the company
stamped received by BIR and SEC.
ii. SPECIAL AUDIT REPORT, if:

a) listed companies; For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable
b) public companies defined in the Securities Regulation Code; at SEC website through the following URL:
c) companies that offer or sell securities to the public; http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.pdf
P50,000,000.00
otherwise,

for.


12. Others
1. Secures a number 1. Calls the number None EO Frontline Staff

through the queuing through the system 5-10 minutes per application Information Officer III
system and assists the client
2. Submits the 2. Records the None EO Frontline Staff
requirements to Table 1 application for -pre-
processing Securities Specialist II
Supervising Administrative Officer
2.1 For first time 20 working days EO Director/OIC
applicants, Assigns
the application to
an EO processor
2.1.1 If for compliance,

records the date
of submission
and forwards the
application to the

assigned EO
processor
2.1.2 Advises the client

when to follow up
the application
2.2 Examines whether

the documents
submitted are
complete in form
and in substance.
2.2.1 If application is
complete and in
order, the
specialist
prepares Final
Report and
submits it to
Director for
Review
2.2.2 If application is
for compliance,
specialist
prepares
checklist of
deficiencies and

informs and
returns it to the
applicant. Go to
Step 1
2.3 Reviews the final

report
2.3.1 If compliant,
orders the
specialist to
issue Payment
Assessment
Form (PAF)
2.3.2 if not compliant,

returns the
application to the
specialist. Go to
Step 2.3.2
3. Prepares follow-up slip 3. Receives the follow- None 30 minutes EO Frontline Staff
(form is available at the up slip and forwards it
Guard) and submits to to the assigned
Table 1 financial specialist
Assessment Form Payment Assessment
applicant

5. Pays the filing fees 5. Receives and 1. Amended Articles 30 minutes EO Cashier
acknowledges of Incorporation – Administrative Assistant II
payment P1,010*
5.1. Stamps paid the Plus

document and
forward to the 2. Increase of Capital
Receiving Stock -
Officer **For corporation with
par value –
5.2. Stamps 1/5 of 1% of the
received the increase in capital
documents and stock but not less
forward to the than P3,000.00 or the
in-charge for the subscription price of
Certificate the subscribed capital
Amended stock, whichever is
Articles of higher
Incorporation
and/or By-laws **For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital

stock, whichever is
higher
1% of the computed
4. Documentary
Stamp tax of P60.00
P10.00
***For Corporations
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00
5.3. Receives the None 2 hours EO Receiving Unit
complete
application
requirements
5.4. Encodes the 20 minutes Supervising Administrative Officer

details of the
Increase of

Capital Stock in
the system and
forwards the
application to
the Support
Staff
5.5. Prepares 20 minutes Securities Specialist II

Certificate of
Increase of
Capital Stock
and Amendment
of Articles of
Incorporation
5.6. Signs and 20 minutes EO Director/OIC

approves the
application
5.7. Forwards the 10 minutes Administrative Assistant II

approved
application to
the Releasing
Unit
6. Secures a number 6. Calls the number None
through the queuing through the system 30 minutes Table 1
system (Releasing) and assists the client
7. Presents the Official 7. Receives the Official None
Receipt to Table 1 Receipt 30 minutes Table 1

8. Receives the duly 8. Releases the duly None 30 minutes EO Frontline Staff
approved Certificate of approved Certificate
Increase of Capital Stock of Increase of Capital
and Amended Articles of Stock and Amended
Incorporation Articles of
Incorporation
TOTAL 1. Amended Articles 20 days, 3 hours and 20
of Incorporation – minutes
P1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less
than P3,000.00 or the
stock, whichever is
higher
**For corporation

1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
1% of the computed
4. Documentary
Stamp tax of P60.00
P10.00
***For Corporations
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00

2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

BASIC REQUIREMENTS

dispute URL:


13. Stock Dividends

and correct
13.5 Reconciliation of Retained Earnings CRMD Public Assistance or refer to Memorandum Circular No. 11 Series of 2008


old)
15. Untitled Lands


declaration sheets
property
Lands

or appraised value)

based on book value

Pilipinas.

18. Shares of Stock

company accountant
assignor
verification)
19. Motor Vehicles


month old)


month old)


21. Intangibles
22. Net Assets

SEC
fiscal year
creditors

verification)
1. Secures a number 1. Calls the number through None 5-10 minutes per application EO Frontline Staff
through the the system and assists Information Officer III
queuing system the client
2. Submits the 2. Records the application for None EO Frontline Staff
requirements to -pre-processing Supervising Administrative Officer
Table 1 Securities Specialist II
2.1. For first time 20 working days EO Director/OIC
applicants, Assigns
the application to an
EO processor
2.1.1. If for
compliance,

records the
date of
submission and
forwards the
application to
the assigned
EO processor
2.2. Advises the client

when to follow up
the application

the documents
submitted are
complete in form
and in substance.
complete and
in order, the
specialist
prepares Final
Report and
submits it to
Director for
Review

2.3.2. if application is
for compliance,
specialist
prepares
checklist of
deficiencies
and informs
and returns it to
the applicant.
Go to Step 1
2.4. Reviews the final

report
orders the
specialist to
issue Payment
Assessment
Form (PAF)
2.4.2. If not
compliant,
returns the
application to
the specialist.
Go to Step
2.3.2

3. Prepares follow-up 3. Receives the follow-up None EO Frontline Staff

slip (form is slip and forwards it to the 30 minutes
available at the assigned financial
Guard) and submits specialist
to Table 1
4. Receives the 4. Prepares and issues None Supervising Administrative Officer
Payment Payment Assessment 30 minutes Securities Specialist II
Assessment Form Form (PAF) to the
applicant
5. Pays the filing fees 5. Receives and 1. Amended Articles 30 minutes EO Cashier
acknowledges payment of Incorporation – Administrative Assistant II
5.1 Stamps paid the P1,010*
document and
forward to the Plus
Receiving Officer
5.2 Stamps received the Stock -
documents and **For corporation with
forward to the in- par value –
charge for the 1/5 of 1% of the
Certificate Amended increase in capital
Articles of stock but not less
Incorporation and/or than P3,000.00 or the
By-laws subscription price of
5.3 Receives the stock, whichever is
complete application higher 30 minutes EO Receiving Unit
requirements

5.4 Encodes the details **For corporation

of the Increase of without par value – 20 minutes Supervising Administrative Officer
Capital Stock in the 1/5 of 1% of the
system and forwards increase in capital
the application to the stock computed at
Support Staff P100.00 per share
but not less than
5.5 Prepares Certificate P3,000.00 or the
of Increase of Capital issue value of the 20 minutes Securities Specialist II
Stock and subscribed capital
Amendment of stock, whichever is
Articles of higher
Incorporation
5.6 Signs and approves 1% of the computed
the application filing fee for Increase
of Capital Stock but 20 minutes EO Director/OIC
5.7 Forwards the not less than P10.00
approved application
to the Releasing Unit 4. Documentary 10 minutes Administrative Assistant II
Stamp tax of P60.00
P10.00
***For Corporations
Additional P3,060,
inclusive of LRF of

P30.00 and DST of

P30.00
6. Secures a number 6. Calls the number through None 30 minutes Table 1
through the the system and assists
queuing system the client
(Releasing)
7. Presents the Official 7. Receives the Official None 30 minutes EO Counter
Receipt to the Receipt
Counter Officer
8. Receives the duly 8. Releases the duly None 30 minutes EO Frontline Staff
approved approved application
application
TOTAL 1. Amended Articles 20 days and 5 hours
P1,010*
Plus
Stock -
par value –
1/5 of 1% of the
increase in capital
stock but not less

stock, whichever is
higher
**For corporation
1/5 of 1% of the
increase in capital
stock computed at
P100.00 per share
but not less than
P3,000.00 or the
issue value of the
subscribed capital
stock, whichever is
higher
1% of the computed
4. Documentary
Stamp tax of P60.00
P10.00

***For Corporations
Additional P3,060,
inclusive of LRF of
P30.00 and DST of
P30.00



* Lending CGFD
* Foundation CGFD

1. Secures a number from the 1. Calls the number and assists None 3 minutes EO Frontline Staff/COS
guard on duty the client
2. Waits for the processing of 2. Receives application Certification Fee – 2 minutes EO Frontline Staff
request PHP 500
2.1. Receives the PAF and Documentary Stamp
pays to the SEC 2.1. Evaluate attachments Tax – PHP 30 2 minutes Administrative Assistant I/
Cashier. Administrative Officer IV
2.2. Verifies the status of 5 minutes per
corporation through CIS- document
URDB.
2.2.1. If application is 5 minutes per

cleared, a Payment document
Assessment Form
is issued to
applicant with
the SEC Cashier.
2.2.2. If not cleared in 5 minutes per

Certification document
Issuance System-
Unified Reference

Database (CIS-
URDB), instructs
the applicant to
return to the
department who
encoded the
infraction.
2.3. Receives the machine 3 minutes

validated Payment
Assessment Form.
2.4. Prints the Certificate of 5 minutes

No Derogatory Administrative Assistant I/
Information through the Administrative Officer IV
CIS-URDB.
2.5. Reviews the application 10 minutes EO Director

of No Derogatory
Information.
3. Waits for name/number to be 3. Calls the number None 1 minute EO Frontline Staff
called
4. Receives the certification 4. Seals the Certificate of No None 5 minutes Administrative Assistant I/
Derogatory Information with Administrative Officer IV
the SEC logo

of No Derogatory


applicant.
TOTAL PHP 530 47 minutes


Office of the Director through
the EO Counter 1.1. Assigns and forwards to
concerned EO staff
2. Waits to process the request 2. Prepares the requested None 5 minutes per EPO Frontline Staff
documents and forwards to document COS
the Administrative Assistant II Confidential Assistant III
PHP 10.00 per page

2.1. *If plain copy, prints the 10 minutes per

documents document
2.2. **If authenticated copy,

documents

and/or Payment
Assessment Form (PAF) Confidential Assistant III
and forwards the same 10 minutes Administrative Officer IV
together with the
documents to the
2.3.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government
Service Insurance
System (GSIS) and
other profit-making
agencies, issues
the PAF


PAF EO Director
5 minutes
Assistant II
3. Receives the transmittal letter 3. Transmits the signed letter None 5 minutes per agency EO Frontline
with attached document/s reply with attached Staff/COS/Confidential Assistant
documents III/Administrative Officer IV

document/s

transmits by
courier/express

PAF through
courier/express


Who may avail: All
None None
1. Gets a number from the 1. Calls the number and assists None 1 minute EO Frontline Staff
guard on duty and proceeds the client COS
to EO Counter
complaint COS
2.1. Presents written 2.1. On the nature of the 5 minutes

checklist of
or sample forms;

EO staff

complaint to the Office of
days
1. Client gets a number, 1. Calls on the client's number None 2 minutes EO Frontline
proceeds to the EO Counter Staff/COS/Confidential Assistant
and waits to be called III
3 minutes/doc

1.1. Presents 5 sets/copies 1.1. Encodes document, EO Frontline

of documents prints barcode page, and Staff/COS/Confidential Assistant
attached barcode page III
to each copy
2. Claims 1 set for his file copy, 2. Retains 4 sets including 1 minute EO Frontline
including the original and returns 1 set to Staff/COS/Confidential Assistant
acknowledgement receipt client III
(barcode page)

 Articles of Partnership (for partnerships)
 Articles of Incorporation (for stock and non-stock SEC Extension Office
corporations)
CASH


RESPONSIBLE
1. Creates an email account 1. System sends verification None Applicant/registrant
in the CRS confirmation to allow applicant to
sign-in into the facilities therein.
Email account created automatically
expires within 90 calendar days if
inactive.
2. Verifies, reserves or 2. System validates proposed None Applicant/registrant
appeals the proposed company name in accordance with
company name with or Memorandum Circular No. 13
without trade name/s series of 2019
Reservation of proposed company

name expires on the 4th day if in-
forms are not filled up
3. Starts filling out company 3. Systems validates the company None Applicant/registrant
details and submit forms information encoded
on-line
4. Submits the hard copies of 4. Receives the application 10 minutes SEC administrative
signed and notarized documents and assigns to a assistant II
documents processor
4.1 Processes the submitted 1 to 3 working days

application in accordance with the
Revised Corporation Code, Administrative Officer II
Guidelines on Corporate names, Securities Specialist I
Foreign Investments Act, Anti- Securities Specialist II
Dummy Law and other special laws

RESPONSIBLE
and applicable SEC rules and
regulations
For stock corporation based on 10 minutes
4.1.1 If compliant, processor issues the authorized capital stock:
a Payment Assessment Form (PAF) With par value: 1/5 of 1% of
the authorized capital stock but
Required filing fees based on Memo not less than P 2,000 or the
Circular No. 3, series of 2017 subscription price of the
4.1.2 If non-compliant, application whichever is higher
will be returned to the party Without par value: 1/5 of 1% of
computed at P100 per share
the issue value of the
whichever is higher
1,000
non-stock corporation: P 1,000
Foreign Investments Act (FIA)
Form 100: P3,000.00
Company Name Reservation:
P100.00
Each additional trade name/s:
P100.00

RESPONSIBLE
P30.00
less
than Ten Pesos (P 10.00)
5. Submits the proof of 5. Officially receives and stamps the None 10 minutes Administrative Assistant
payment and documents hard copies of the registration II
application and forwards to
SECCDOEO Administrative
Assitant II/Securities Specialist I for
Registration (COR)
5.1 Enters company name in the 10 minutes Administrative Assistant

SEC EO Masterlist and prints II
Certificate
5.3 Reviews and evaluates the 20 minutes EO Director/EO OIC

documents
5.3.1 If compliant, signing of the


were returned to the processor,
then to the party/client

RESPONSIBLE
6. Presents Official Receipt to 6. Enters company name in the None 10 minutes EO Frontline Staff
secure the Certificate of Masterlist and releases the Information Officer III
Incorporation and signs the e- Certificate together with registration
tablet receiving portal as application then stamps release the
proof of receipt of the official receipt
(COR)
TOTAL For stock corporation based on 1 to 3 working days
the authorized capital stock:
not less than P 2,000 or the
subscription price of the
whichever is higher
Without par value: 1/5 of 1% of
whichever is higher
1,000

RESPONSIBLE
Form 100: P3,000.00
P100.00
P100.00
P30.00
less
than Ten Pesos (P 10.00)

11. Registration of Corporations with less than five incorporators
corporations)
 Treasurer’s Affidavit (for stock corporation only, optional if
CASH


RESPONSIBLE
1. Fill-out Name Verification 1. Verifies and reserves the None Administrative Assistant
Slip for the proposed proposed company name with or II
company name without trade name/s in accordance Securities Specialist I
with Memorandum Circular No. 13 (verification is with
series of 2019 CRMD request sent
through
Reservation of proposed company messenger/email
name expires on the 30th day Average response
takes 1 to 2 weeks)
2. Prepares necessary None None Applicant/registrant
documents
3. Submits the hard copies of 3. Receives the application None 10 minutes Administrative Assistant
signed and notarized documents and assigns to a II
documents processor
3.1 Processes the submitted 1 to 3 working days Securities Specialist I

application in accordance with the Securities Specialist II
Corporation Code of the Administrative Officer
Philippines, Guidelines on EO Director/OIC
Corporate names, Foreign
Investments Act, Anti-Dummy Law
and other special laws and SEC
3.1.1 If compliant, processor issues For stock corporation based on 10 minutes

a Payment Assessment Form (PAF) the authorized capital stock:

RESPONSIBLE
Required filing fees based on Memo With par value: 1/5 of 1% of
Circular No. 13, series of 2019 the authorized capital stock but
3.1.2 If non-compliant, application not less than P 2,000 or the
will be returned to the party subscription price of the
whichever is higher
whichever is higher
1,000
Form 100: P3,000.00
P100.00

P100.00
P30.00

RESPONSIBLE
less than Ten Pesos (P 10.00)
application and forwards to Securities Specialist I
SECCDOEO Administrative Securities Specialist II
Assistant II/ Securities Specialist I
for generation of the Certificate of
Registration (COR)
4.1 Encodes registration data in the 10 minutes Administrative Assistant

CORES to generate Certificate of II
registration (COR)
4.2 Reviews and evaluates the 20 minutes EO Director/OIC

documents

Certificate

returned to the processor, then to
the party/client

RESPONSIBLE
Incorporation and signs the Certificate together with registration
e-tablet receiving portal as application then stamps release the
(COR)
whichever is higher
whichever is higher
1,000

RESPONSIBLE
Form 100: P3,000.00
P100.00

P100.00
P30.00

(R.A. No. 11232)
 Acceptance letter of the Nominee and Alternate Nominee content/uploads/2017/03/2017MCno03-new2.pdf

RESPONSIBLE
1. Fill-out Name Verification 1. Verifies and reserves the None Administrative Assistant
Slip for the proposed proposed company name with or II
company name without trade name/s in accordance Securities Specialist I
with Memorandum Circular No. 13
series of 2019 (verification is with
CRMD request sent
Reservation of proposed company through
name expires on the 30th day messenger/email
average response is 1
to 2 weeks)

RESPONSIBLE
2. Prepares necessary None None Applicant/registrant
documents for OPC
3. Submits the hard copies of 3. Receives the application None 10 minutes
documents at Counter 6 processor
3.1 Processes the submitted 1 to 3 working days Administrative Officer

application in accordance with the Securities Specialist I
Revised Corporation Code, Securities Specialist II
Guidelines on Corporate names, EO Director/OIC
Foreign Investments Act, Anti-
Dummy Law and other special laws
and applicable SEC rules and
regulations
3.1.1 If compliant, processor issues For stock corporation based on 10 minutes

a Payment Assessment Form (PAF) the authorized capital stock:
Required filing fees based on Memo the authorized capital stock but
Circular No. 3, series of 2017 not less than P 2,000 or the
3.1.2 If non-compliant, application subscribed capital stock
will be returned to the party whichever is higher

RESPONSIBLE
whichever is higher
Form 100: P3,000.00
P100.00
P100.00
P30.00
application, and forwards to the Securities Specialist I
SECCDOEO Administrative Securities Specialist II
Assistant II/Securities Specialist I
for the generation of the Certificate
4.1 Waits for CRMD to encode 10 minutes Administrative Assistant

initial data with NBOS before II
certificate can be processed in the
CORES.

RESPONSIBLE
4.2 Reviews and evaluates the
application and supporting
documents

returned to the processor, then to
the party/client
Incorporation and signs the Certificate together with registration
e-tablet receiving portal as application then stamps release the
(COR)
whichever is higher

RESPONSIBLE
whichever is higher
Form 100: P3,000.00
P100.00
P100.00
P30.00

Book
 Affidavit of the Corporate Secretary (Anti-Dummy Law/One Public Assistance and Complaint Desk/EO Counter
(P5,000,000)

requirements;


to monitoring staff the
proposed name/s
1.3. Determines compliance, Guidelines on the 30-40 minutes on Administrative Assistant I

deficiencies and Imposition of fines or average per Administrative Officer IV
violations, and prepares penalties for corporation
the Monitoring noncompliance with
Assessment Sheet reportorial
(MSh) requirements;
Memorandum Circular
(MC8-2009);
Amended rules
governing the
Memorandum Circular
(MC8-1998); and
Series of 2010
2. Returns on assigned day, and 2. Presents the findings to the None 15 minutes – 1 day Administrative Assistant I
if is agreeable to the findings applicant Administrative Officer IV
presented, signs the MS EO Director/OIC


prepared by the
submitted to the EO
Charge for signing
TOTAL Depends on assessed 1 day & 1 hour
fines & penalties

EXTENSION OFFICES
DAVAO CITY
SDC Building, Purok 13, Maa Road,

Barangay Maa, Davao City
This service details the procedure in applying for amendments of the Articles of Incorporation and/or By-laws of Domestic Corporations.
Office or Division: SEC Extension Office – Davao Extension Office

Type of Transaction: G2B – Government to Business; G2C – Government to Client
Basic Requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Assistance Desk or through the Commission’s website at
1. Cover Sheet http://www.sec.gov.ph/services-2/company-2/amendment/
SEC Extension Offices – Davao Extension Office
Items 1-4 to be accomplished by applicant-corporation
3. Directors` or Trustees` Certificate - notarized and signed by majority
of the directors or trustees and the corporate secretary, certifying (i)
the amendment of the Articles of Incorporation and indicating the
amended provisions, (ii) the vote of the directors or trustees and
stockholders or members, (iii) the date and place of the stockholders`
or members` meeting; and (iv) the tax identification number of the
signatories which shall be placed below their names with
documentary stamps on one original set
4. Signed and notarized Secretary`s Certificate on no pending case of
intra-corporate dispute with documentary stamps on one original set
5. Monitoring Clearance (Monitoring Sheet)4
Extension Office

Additional Requirements Items 2-5 will be furnished by applicant-corporation
1. Clearance from other SEC departments, if applicable Corporate Governance and Finance Department (CGFD)
-For Financing and Lending companies, and foundation (1 original
copy)
2. Endorsement from other government agencies, if applicable (1 Functions - Bangko Sentral ng Pilipinas
original copy) B. Insurance/Mutual Benefit Association/ Health Maintenance
3. If the provision to be amended is the corporate name, submit:

a. Letter of Intent to amend indicating desired new name (1 original)
b. Affidavit of a director, trustee or officer undertaking to change

corporate name (not required if already stated in the Al) May secure copy from the Public Assistance Desk or may download from
SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
4. If the provision to be amended is for registered corporations registration/
increasing its foreign equity to more than 40%, submit: F-101 signed
and notarized with documentary stamps on one original set
5. If the provision to be amended is for registered corporations with more

than 40% increasing further the percentage of such equity, submit: F-
102 signed and notarized with documentary stamps on one original
set

1. ** If corporate name is for 1. Approves or denies P100.00 per proposed 10 minutes Name Verification Officer
amendment: proposed name/s or trade corporate/trade name/s (Confidential Assistant III)
name/s
1.1. Presents letter of intent to
amend (corporate name 1.1. Approves or denies 15 minutes per
reserves company name appeal for the application
with or without trade name/s) proposed name/s or
trade name/s
1.2. If name is rejected, registrant
may appeal for the proposed
corporate name
2. Secures number from guard on 2. Endorses corporate None 30 minutes Administrative Assistant II
duty for the Legal Unit then file/applicant to the Legal COS
secures number for the Records Unit
Unit for the retrieval of corporate
file
3. Waits for the number to be called 3. Processes and evaluates None 1 hour (depending on Securities Counsel II
by the assigned EO processor amendment documents the complexity of the Securities Counsel I
and presents amendment documentary
documents 3.1. If compliant, client is requirements)
directed to Cashier Unit
for payment of fees

a checklist for
compliance
4. Pays the filing fee 4. Issues the Official Receipt a. Amendment of 15 minutes Cashier
and Order of Payment Articles of

Incorporation –
P1,000.00
b. Amendment of By-
Laws – P1,000.00
c. Documentary Stamp
Taxes - P30.00
d. Legal Research Fee
- 1% of the Filing
Fee for amendment
(P10.00)
e. Amendment with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
f. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)
5. Proceeds to EO Receiving 5. Receives and verifies None 10 minutes for all Computer Operator
Counter for presentation of documentary requirements sets COS
approved documentary and proofs of payment
payment

6. Returns documents stamped as 6. Informs applicant to return None 5 minutes Securities Counsel II
received to processor and within 4 hours for the Securities Counsel I
receives information on when to Certificate
claim Certificate
6.1. Forwards corporate file 5 minutes
and application
documents to Records
Unit for recording
6.2. Forwards recorded 5 minutes Administrative Assistant II

corporate file and COS
application documents
to Office of the Director
6.3. Prepares the Certificate Within 4 hours from Confidential Assistant III
of Amended Articles of receipt of corporate
Incorporation and/or file and amendment
By-laws documents
25 minutes
6.4. Reviews the application (depending on the Director
and the contents of the complexity of the
Certificate and if in documentary
order, signs the requirements)
and/or By-laws;
otherwise, the
application is returned

to processor or the
certificate to the
for correction of the
certificate
6.5. Forwards signed 5 minutes Confidential Assistant III

Certificate and
corporate file to
Releasing Unit
7. Presents original receipt to the 7. Releases signed Certificate None 10 minutes Administrative Assistant II
Releasing Unit on assigned of Amended Articles of COS
returned date, signs in logbook of Incorporation and/or By-
documents released and laws
receives the signed Certificate of
Amended Articles of Incorporation
and/or By-laws
TOTAL a. Amendment of 7 hours and 15
Articles of minutes
Incorporation –
P1,000.00
b. Amendment of By-
Laws – P1,000.00
c. Documentary Stamp
Taxes - P30.00
d. Legal Research Fee
- 1% of the Filing

Fee for amendment

(P10.00)
e. Amendment with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
f. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)


Type of Transaction: G2B – Government to Business; G2C- Government to Client
Basic Requirements (2 set original, 4 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Assistance Desk or through the Commission’s website through URL
1 Cover Sheet http://www.sec.gov.ph/services-2/company-2/amendment/
.
Items 1 and 2 to be accomplished by applicant
2 Signed and notarized Amended Articles of Partnership with
. documentary stamps on one original set
1 Endorsement from other government agencies, if applicable (1 Functions - Bangko Sentral ng Pilipinas
. original) B. Insurance/Mutual Benefit Association/ Health Maintenance Organization-
Items 2-5 will be furnished by the applicant

2 if the provision to be amended is the partnership name, submit:
. a. Letter of Intent to amend indicating desired new name (1
original)

b. Affidavit of a partner to change partnership name (not required
if already stated in the AP)
3
. If the provision to be amended is the change of partners,
submit:
a. Notarized Deed of Assignment of partnership interest with
documentary stamps on one original set or
b. documents showing withdrawal, resignation, retirement and

4 death of a partner
. May secure copy from the Public Assistance Desk or may download through
If provision for amendment is to have foreign equity of a SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
registered partnership, submit: F-106 signed and notarized with
5 documentary stamps on one original set
.
of a registered partnership, submit: F-107 signed and notarized
on
1. one original set

TIME
1. ** If partnership name is for 1. Approves or denies P100.00 per proposed 10 minutes Name Verification Officer
amendment: proposed name/s or trade partnership/trade name/s (Confidential Assistant III)
name/s
1.1. Presents letter of intent to
amend partnership name 15 minutes
(reserves company name

TIME
with or without trade 1.1. Approves or denies
name/s) appeal for the proposed
name/s or trade name/s
name
2. Secures number from guard on 2. Endorses partnership None 30 minutes Administrative Assistant II
duty for the Legal Unit then records/applicant to the COS
secures number from the Legal Unit
Records Unit for the retrieval of
partnership file
3. Waits for the number to be called 3. Processes and evaluates None 30 minutes Securities Counsel II
by the assigned EO processor application for amendment (depending on the Securities Counsel I
and presents amendment complexity of the
documents 3.1. If compliant, client is documentary
directed to Cashier Unit requirements)
for payment of fees

a checklist for
compliance
4. Pays the filing fee 4. Issues the Official Receipt a. Amended Articles of 15 minutes Cashier
and Order of Payment Partnership –
P2,000.00
b. Documentary Stamp
Tax - P30.00

TIME
c. Legal Research Fee-
for amendment
(P20.00)
d. Amendment with
partnership/trade
corporate/trade
name/s
e. Amendment with
Deed of Assignment
P2,000.00 per Deed
f. Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
g. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)

TIME
5. Proceeds to EO Receiving 5. Receives and verifies None 10 minutes for all Computer Operator
Counter for presentation of documentary requirements sets COS
payment
6. Returns documents stamped as 6. Informs applicant to return None 5 minutes Securities Counsel II
received to processor within 4 hours for the Securities Counsel I
Certificate
6.1. Forwards partnership 5 minutes Administrative Assistant II

file and application COS
documents to Records
Unit for recording
6.2. Forwards recorded

partnership file and
6.3. Prepares the Certificate 5 minutes Confidential Assistant III

of Amended Articles of
Partnership
6.4. Reviews the application Within 4 hours from Director

and the contents of the receipt of file and
Certificate and if in documents
order, signs the

TIME
Certificate; otherwise, 15 minutes
the application is (depending on the
returned to processor or complexity of the
the certificate to the documentary
Confidential Assistant requirements)
certificate

Certificate and
corporate file to
Releasing Unit
Releasing Unit on assigned time, of Amended Partnership COS
signs in logbook of documents
released and receives the
signed Certificate of Amended
Partnership
TOTAL a. Amended Articles of 6 hours and 35
Partnership – minutes
P2,000.00
Tax - P30.00
c. Legal Research Fee-
for amendment
(P20.00)

TIME
d. Amendment with
partnership/trade
corporate/trade
name/s
e. Amendment with
Deed of Assignment
P2,000.00 per Deed
f. Amendment of
Partnership with
1/5 of 1% of the
but not less than
P2,000.00
g. Amendment by
increasing foreign
equity FIA forms
(P3,000.00 with LRF
of P30.00)


1. Duly accomplished request form Records Unit
2. List of stockholders certified under oath by the Corporate Items 2 and 3 will be furnished by the applicant
subscribed, amount of paid-up capital) with documentary
stamps on one original set
3. Signed and notarized Secretary’s Certificate on non-existence of

intra-corporate dispute with documentary stamps on one
original set
4. Monitoring Clearance (Monitoring Sheet) http://www.sec.gov.ph/wp-
1. Audited Interim Financial Statements, in case there is/are Extension Office

increase in capital stock not covered by item 4, to be received
by the SEC after the application has been reviewed by the External Auditor to be engaged by the Company
Specialist (1 original set)

2. For Certificate of Percentage of Ownership - Stock and transfer
book of the corporation (for verification) To be presented by the applicant

PAID
1. Fills up request form and 1. Retrieves the corporate and checks the None 30 minutes Administrative Assistant II
secures number from the reports submitted: COS
Records Unit for the
retrieval of corporate file 1.1. If reports are not current or there is no
monitoring clearance of latest reports,
advises client to submit lacking reports
first and undergo regular monitoring of
domestic corporations
1.2. For corporations with updated

monitoring clearance and there is no
need for submission of Interim Audited
FS, client is directed to Cashier for the
payment of fees (step 4)
2. In case wherein the basis 2. Receives and verifies documentary None 5 minutes per Computer Operator
for certification is Audited requirements and proof of payment document COS
Interim Financial
Statements, proceeds to
Receiving Unit to submit the
Interim Audited Financial
Statements
3. Forwards received Interim 3. Accepts Interim Audited Financial None 5 minutes Administrative Assistant II
Audited Financial Statement Statement stamped received and forwards COS
to Records Unit the same to Securities Specialist for review

PAID
3.1. Examines Interim Audited Financial Within 1 day from
Statement and if in order, endorses the submission by client
corporate records to Records Unit for of interim audited Securities Specialist II
payment of fees by client (step 4) financial statement Securities Specialist I
4. Pays the corresponding 4. Issues the Official Receipt a. Certification – 15 minutes Cashier
filing fees P1,000.00
b. Legal
Research
Fee of
P10.00
c. Documentary
Stamp Tax of
PHP 30.00
5. Returns Cashier-validated 5. Advises client to return within 4 hours for None 5 minutes Administrative Assistant II
request form to Records the Certificate COS
Unit
5.1. Prints Certificate of Paid-Up Capital or Within 4 hours from
Certificate of Capital Structure or receipt of validated
Certificate of Percentage of Ownership request from client
5.2. Forwards Certificate and corporate file 5 minutes

to Office of Director
5.3. Evaluates the corporate records as 25 minutes Director

pertaining to the request and if in
order, signs the Certificate. Otherwise,

PAID
the certificate is returned for
correction.
5.4. Forwards signed Certificate and 5 minutes Confidential Assistant III

corporate file to Records Unit for
release
6. Presents the Official 6. Receives the Official Receipt and releases None 10 minutes Administrative Assistant II
Receipt to the Releasing the signed Certificate COS
Officer and signs in logbook
of released certificates
TOTAL a. Certification – No Interim AFS: 5
P1,000.00 hours, 35 minutes
b. Legal With Interim AFS: 1
Research day, 5 hours, 45
Fee of minutes
P10.00
c. Documentary
Stamp Tax of
PHP 30.00

4. Highly Technical Registration of Corporations through the Company Registration System (CRS) under Manual Processing
This service details the manual processing of registration of domestic corporations without secondary licenses upon the submission of the application
through the Company Registration System (CRS). This is to facilitate a faster evaluation of the application without undergoing the entire online process
of the Company Registration System (CRS).

Basic Requirements (2 sets original, 1 set photocopy) Company Registration System (CRS)
 Cover Sheet (for stock and non-stock corporations) SEC Extension Office
 Articles of Incorporation (for stock and non-stock corporations)  CRS website: crs.sec.gov.ph
 By-Laws (for stock and non-stock corporations) content/uploads/2017/03/2017MCno03-new2.pdf
 Treasurer’s Affidavit (for stock corporation only)
 Affidavits (Accuracy and Correctness)

2. For Foundations, notarized Bank Certificate of at least P1M and

Notarized Statement of Willingness to be Audited

3. Endorsement from concerned agencies
1. Creates an email account in the 1. System sends verification None Applicant/Registrant

CRS confirmation to allow
applicant to sign-in into the
1.1. Verifies, reserves or facilities therein.
appeals the proposed
company name with or 1.1. (Email account created
without trade name/s automatically expires
1.2. Starts filling out company if inactive)
details and submit forms
on-line (must achieve 1.2. System validates
100%) proposed company
name in accordance
with Memorandum
Circular No. 13 series
of 2019
1.3. (Reservation of
proposed company
name expires on the 4th
day if in-forms are not
filled up)

1.4. Systems validates the

company information
encoded
2. Brings 3 sets of signed and 2. Calls the applicant and 45 minutes Securities Counsel II
notarized hard copies to SEC, processes the submitted Securities Counsel I
secures number for the legal application in accordance
unit with the Revised
Corporation Code,
Guidelines on Corporate
names, Foreign Investments
Act, Anti-Dummy Law and
applicable SEC rules and
regulations
2.1. If compliant, processor

approves for payment
and/or for receiving
application will be
returned to the party
3. Client presents approved 3. Issues official receipt and For stock corporation 10 minutes Cashier
registration documents and Order of Payment based on the authorized
pays the corresponding fees capital stock:

less than P 2,000 or the

whichever is higher
Without par value: 1/5 of
capital stock computed
at P100 per share but
not less than P 2,000 or
whichever is higher
By-Laws for both stock
and non-stock
corporations: P 1,000
for non-stock
corporation: P 1,000
(FIA) Form 100:
P3,000.00
Company Name
name/s: P100.00
Documentary Stamp
Tax: P30.00

Legal Research Fee

(LRF): 1% of the Filing
Fee but not less than
Ten Pesos (P 10.00)
4. Proceeds to EO Receiving 4. Officially receives and None 10 minutes for all sets Computer Operator
Counter for presentation of stamps the hard copies of COS
approved documentary the registration application.
payment 4.1. Informs the client to 5 minutes
follow-up within 1 day
and bring Stock and
Transfer Book or
Membership Book.
4.2. Forwards to Office of

the Director for
generation of the
Certificate of
Registration (COR)
4.3. Prints Certificate of Within 4 hours from Confidential Assistant III

Registration and enters receipt of registration
company details in the documents
SEC EO Masterlist
4.4. Reviews the application 20 minutes Director

and the contents of the
Certificate and if in

order, signs the

Certificate of
Registration; otherwise,
the application is
returned to processor
or the certificate to the
certificate

Certificate and
corporate file to
Releasing Unit
5. Presents original receipt to the 5. Registers Stock and None 10 minutes Administrative Assistant II
Releasing Unit on assigned Transfer book or COS
returned date, signs in logbook Membership Book
of documents released and
receives the signed Certificate 5.1. Releases signed
of Registration Certificate of
Registration
TOTAL For stock corporation 5 hours, 45 minutes
based on the authorized
capital stock:


whichever is higher
capital stock computed
at P100 per share but
not less than P 2,000 or
whichever is higher
By-Laws for both stock
and non-stock
corporations: P 1,000
for non-stock
corporation: P 1,000
(FIA) Form 100:
P3,000.00
Company Name
name/s: P100.00
Documentary Stamp
Tax: P30.00
Legal Research Fee
(LRF): 1% of the Filing

Fee but not less than

Ten Pesos (P 10.00)
5. Highly Technical Registration of Corporations with 2-4 Incorporators Through Interim System
This service details the procedure on registration of corporations consisting of 2-4 incorporators pursuant to Section 10 of the Revised Corporation
Code (RCC).

Basic Requirements (2 sets original, 2 sets photocopy) Extension Office
1. Cover Sheet  Interim System: https://apps004.sec.gov.ph:8001/application

2. Articles of Incorporation content/uploads/2017/03/2017MCno03-new2.pdf
3. By-Laws
5. Affidavits (Accuracy and Correctness)


PAID
1. Logs on to website to submit the 1. Processor will review the application None Within 1 working day Securities Counsel II
proposed company name and and will be advised of the status Securities Counsel I
input details of the articles of through the email address indicated
incorporation and submits the in the application
said application
1.1. If status is disapproved,
applicant has to fill-out the
application form again following
the modification requirements
set forth by the reviewing
officer indicated on the
disapproval notice
1.2. If status of application form is

approved, applicant is directed
to pay the registration fees
specified on the payment
assessment form, and submit
proof of payment, signed and
notarized hard copies of the
registration documents to the

PAID
selected SEC Office within
thirty (30) calendar days from
the date of payment of
registration fees.
2. Prepares necessary documents 2. None None None Applicant/Registrant
containing the same information
as the inputted details
3. Pays for the registration fee as 3. Accepts the payment assessment For stock 10 minutes Cashier
indicated in the payment form and issues the OR corporation based
assessment form on the authorized
capital stock:
With par value: 1/5
of 1% of the
authorized capital
stock but not less
than P 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share
but not less than P
2,000 or the issue

PAID
value of the
subscribed capital
stock whichever is
higher
By-Laws: P 1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)
4. Presents the 4 sets of signed and 4. Compares physical registration None 15 minutes Securities Counsel II
notarized registration documents documents to details encoded by Securities Counsel I
and proof of payment (within 30 applicant/registrant in the system
days from date of payment of and inputs payment details in the
registration fees) CoRes system

PAID
4.1. If documents are found to be

proper, client proceeds to
receiving unit
4.2. If there are discrepancies in the

physical document and in the
details in the system, the client
is requested to make the
necessary corrections before
endorsing to receiving unit
5. Proceeds to EO Receiving 7. Officially receives and stamps the None 10 minutes for all sets Computer Operator
Counter for presentation of hard copies of the registration COS
approved documentary application.
payment 7.1. Informs the client to follow-up 5 minutes
within 1 day and bring Stock
and Transfer Book.
7.2. Forwards to Office of the

Director for generation of the
(COR)
7.3. Reviews the application and if 20 minutes Director

in order, approves the printing
Registration; otherwise, the

PAID
application is returned to
processor for correction
7.4. Prints Certificate of Registration Within 4 hours from Confidential Assistant III
and enters company details in receipt of registration
the SEC EO Masterlist documents
7.5. Signs the certificate 3 minutes Director
7.6. Forwards signed Certificate 5 minutes Confidential Assistant III

and corporate file to Releasing
Unit
8. Presents original receipt to the 8. Registers Stock and Transfer book None 10 minutes Administrative Assistant II
Releasing Unit on assigned or Membership Book COS
returned date, signs in logbook of
documents released and 8.1. Releases signed Certificate of
receives the signed Certificate of Registration
Registration
TOTAL For stock 1 day, 5 hours, 18
corporation based minutes
on the authorized
capital stock:
With par value: 1/5
of 1% of the
authorized capital
stock but not less
than P 2,000 or
the subscription

PAID
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share
but not less than P
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws: P 1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00

PAID
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)

This service details the procedure on application for increase of capital stock by way of Cash only.

Basic requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and sample formats from the Public
Assistance Desk or through the Commission’s website through URL
1. Cover sheet http://www.sec.gov.ph/wp-
2. Signed and notarized Director’s Certificate with documentary
3. Signed and notarized Secretary’s Certificate on non-existence Downloadable at SEC website through the following URL:
of intra-corporate dispute with documentary stamps on one http://www.sec.gov.ph/wp-
original set content/uploads/2015/07/Secretarys_Certificate_NonExistence_Corp_Dispute.pdf
No Prescribed format. To be prepared by the Company in accordance with the

4. Signed and notarized Application for Increase of Capital Stock Revised Corporation Code (Sections 15 and 37)
a. Signed and Notarized Treasurer’s Affidavit with
To be provided by the applicant
b. List of stockholders of record as of date of meeting
approving the increase, indicating their nationalities and
their respective subscribed and paid-up capital on the
present authorized capital stock certified under oath by the
corporate secretary with documentary stamps on one
original set
c. Signed and notarized Secretary’s Certificate on waiver of EO Public Assistance or Downloadable at SEC website through the following URL:
pre-emptive rights of non-subscribing shareholders with http://www.sec.gov.ph/wp-
documentary stamps on one original set content/uploads/2015/07/Secretarys_Certificate_Waiver_Pre_emptive_Rights./pdf
5. Amended Articles of Incorporation

1. Endorsement from other government agencies, if applicable (1 A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking
original) Functions - Bangko Sentral ng Pilipinas
2. If the provision to be amended is for registered corporations May secure copy from the Public Assistance Desk or may download from SEC
increasing its foreign equity to more than 40%, submit: F-101 Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
signed and notarized with documentary stamps on one original
set
3. If the provision to be amended is for registered corporations with

submit: F-102 signed and notarized with documentary stamps on
one original set
4. Special Audit Report For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable at
SEC website through the following URL: http://www.sec.gov.ph/wp-
a. For companies with secondary licenses content/uploads/2015/11/sec-memo-06s2008.pdf
b. Where payment to subscription to the increase is more than For guidance, refer to Memorandum Circular No. 6 series of 2012
P50,000,000.00 otherwise, Subscription contract executed
under oath among stockholder/s, treasurer and president for
the corporation, stating the number of additional shares
subscribed to and paid for with documentary stamps on one
original set
5. For RURAL BANKS:

Bangko Sentral ng Pilipinas

1. Fills up request form and 1. Receives applications and None 30 minutes Administrative Assistant II
secures number from the Retrieves the corporate file COS
Records Unit for the retrieval of and checks the reports
corporate file. Submits submitted
application and amendment
documents. 1.1. For corporations with
updated reports, client
is advised when to
follow-up application.
1.2. If reports are not

current, client is advised

to submit lacking
reports first before
application may be
forwarded to a
1.3. The application, 5 minutes Administrative Officer IV

amendment and Securities Specialist II
corporate file are Securities Specialist I
forwarded to a
1.4. Securities Specialist

examines whether the Within 16 working Securities Counsel II
reports and application days Securities Counsel I
submitted are complete
in form and in
substance.
1.5. The Securities Counsel 1 hour (depending on

checks the amendment the complexity of the
documents forwarded amendment)
by the Securities
Specialist in
coordination with the
latter’s examination of
the reports and
application.

1.6. If there are deficiencies,

the specialist/counsel
contacts the client and
sets an appointment for
the discussion of the
deficiencies
2. Returns on assigned date 2. If reports, application and None 20 minutes Administrative Officer IV
(whether as informed by amendment are complete Securities Specialist II
AAII/COS or as set by and in order, the Securities Securities Specialist I
specialist/counsel) Specialist issues a Securities Counsel II
Monitoring Sheet and Securities Counsel I
approves the application for
payment while the Securities
Counsel approves the
amendment and directs the
client to the Cashier for the
payment of fees for the
application and amendment,
and the payment of penalty,
if any
2.1. If application is for

and/or counsel
the applicant to comply.

3. Pays the filing fees and penalty, 3. Issues the Official Receipt For the amendment: 15 minutes Cashier
if any a. Amended Articles of
Incorporation –
P1,000.00
b. LRF of P10.00
For the increase:
a. For corporation with
par value
1/5 of 1% of the
increase in capital stock
but not less than
P3,000.00 or the
subscribed capital stock,
whichever is higher
b. For corporation
without par value
1/5 of 1% of the
computed at P100.00
per share but not less
issue value of the
whichever is higher
c. c. Legal Research Fee -
equivalent to 1% of the
computed filing fee for


but not less than P10.00
d. Documentary Stamp
tax of P60.00
e. For Corporations
inclusive of LRF of
P30.00 and DST of
P30.00
4. Proceeds to EO Receiving 4. Receives and verifies None 20 minutes for all sets Computer Operator
Counter for presentation of documentary requirements COS
payment
5. Returns documents stamped 5. Receives the complete None 5 minutes Administrative Officer IV
as received to processor application requirements and Securities Specialist II
Order of Payment and Securities Specialist I
advises the client to return Securities Counsel II
within 5 hours for the Securities Counsel I
Certificates
5.1. Prepares the report on 1 hour Administrative Officer IV

application for increase Securities Specialist II
in capital and forwards Securities Specialist I
all application and
amendment documents

and corporate file to

Records Unit for
recording
5.2. Forwards recorded 5 minutes Administrative Assistant II

corporate file and COS
5.3. Prepares the Certificate

of Amended Articles of Within 4 hours of Confidential Assistant III
Incorporation and receipt from Records
Increase of Capital Unit
Stock
5.4. Evaluates the final

report, reviews the 35 minutes (depending Director
application and the on complexity of
contents of the application)
order, signs the
Certificates; otherwise,
the application is
returned to processor or
the certificate to the
certificate

5.5. Forwards the

certificates and 5 minutes Confidential Assistant III
corporate file to the
Releasing Unit
Releasing Unit on assigned of Amended Articles of COS
returned date, signs in logbook Incorporation, Certificate of
of documents released and Increase of Capital Stock
receives the signed Certificate
of Amended Articles of
Incorporation and/or Increase of
Capital Stock
TOTAL For the amendment: 16 days, 8 hours, 30
a. Amended Articles of minutes
Incorporation –
P1,000.00
b. LRF of P10.00
For the increase:
c. For corporation with
par value
1/5 of 1% of the
but not less than
P3,000.00 or the


whichever is higher
d. For corporation
without par value
1/5 of 1% of the
computed at P100.00
per share but not less
issue value of the
whichever is higher
e. Legal Research Fee
-equivalent to 1% of
the computed filing
fee for Increase of
Capital Stock but not
less than P10.00
f. Documentary Stamp
tax of P60.00
g. For Corporations
inclusive of LRF of
P30.00 and DST of
P30.00

2. Stock Dividends
4. Untitled Lands
7. Shares of stock
8. Motor Vehicle
10. Intangibles
11. Net assets

Basic requirements (2 sets original, 4 sets photocopies) May secure Checklist of requirements and sample formats from the Public
1. Cover sheet Assistance Desk or through the Commission’s website through URL
2. Signed and notarized Director’s Certificate with documentary content/uploads/2015/07/Cover_Sheet_for_Amendment.pdf
3. Signed and notarized Secretary’s Certificate on non-existence of

intra-corporate dispute with documentary stamps on one
original set Downloadable at SEC website through the following URL:
4. Signed and notarized Application for Increase of Capital Stock

a. Signed and Notarized Treasurer’s Affidavit with content/uploads/2015/07/Secretarys_Certificate_NonExistence_Corp_Dispute.p
documentary stamps on one original set df
b. List of stockholders of record as of date of meeting

approving the increase, indicating their nationalities and No Prescribed format. To be prepared by the Company in accordance with the
their respective subscribed and paid-up capital on the Revised Corporation Code (Sections 15 and 37)
present authorized capital stock certified under oath by the
corporate secretary with documentary stamps on one
original set
c. Signed and notarized Secretary’s Certificate on waiver of To be provided by the applicant

pre-emptive rights of non-subscribing shareholders with
5. Amended Articles of Incorporation
EO Public Assistance or Downloadable at SEC website through the following

URL: http://www.sec.gov.ph/wp-


1. Endorsement from other government agencies, if applicable (1 May secure copy from the Public Assistance Desk or may download from SEC
original) Website at http://www.sec.gov.ph/forms-and-fees/primary-registration/
2. If the provision to be amended is for registered corporations

increasing its foreign equity to more than 40%, submit: F-101 signed
and notarized with documentary stamps on one original set
Bangko Sentral ng Pilipinas
3. If the provision to be amended is for registered corporations with

submit: F-102 signed and notarized with documentary stamps on
one original set
6. For RURAL BANKS:

a) Notarized Certification on payment for subscriptions to be signed
by majority of the rural bank’s Board of Directors in accordance with
the form required by BSP
b) list of stockholders of record showing their respective subscribed
and paid-up amount before and after the increase and the list of
subscribers to the increase with their respective subscription and
payment as presented and approved by BSP annexed to the
notarized certification

stamped received by BIR and SEC (if the advances are already
reflected therein)
reflected in AFS http://www.sec.gov.ph/wp-content/uploads/2015/11/sec-memo-06s2008.pdf
8. Stock Dividends
8.2 Audited Financial Statements as of the last fiscal year received To be provided by the Company
by BIR and SEC
and correct
8.4 Secretary’s Certificate on the Board’s resolution to reverse the To be provided by the Company
appropriated retained earnings
8.5 Reconciliation of Retained Earnings Refer to Memorandum Circular No. 11 Series of 2008 downloadable at SEC
website through the following URL:

9.2 Copy of TCT/CCT and tax declaration sheet certified by Register To be provided by the Applicant.
of Deeds and Assessor’s Office, respectively
on zonal value
old)
10. Untitled Lands
sheets

property
c. The land is exempt from the coverage of the Comprehensive
Agrarian Reform Program (CARP)
Lands

appraised value)
based on book value
Pilipinas.

13. Shares of Stock
company accountant
assignor
verification)
13.7 Affidavit of undertaking to submit the required proof of transfer To be provided by the Applicant.
within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of 2013
14. Motor Vehicles
month old)


month old)

16. Intangibles

17. Net Assets
fiscal year
registration/titles and their respective book values certified by
verification)


PAID
1. Fills up request form and 1. Receives applications and retrieves the None 30 minutes Administrative Assistant II
secures number from the corporate file and checks the reports COS
Records Unit for the submitted
retrieval of corporate file.
Submits application and 1.1. For corporations with updated
amendment documents. reports, client is advised when to
follow-up application.
1.2. If reports are not current, client is

advised to submit lacking reports
first before application may be
forwarded to a Securities
Specialist
1.3. The application, amendment and

corporate file are forwarded to a
1.4. Securities Specialist examines 5 minutes
whether the reports and
application submitted are
substance.

PAID
1.5. The Securities Counsel checks Within 16 working days Administrative Officer IV
the amendment documents Securities Specialist II
forwarded by the Securities Securities Specialist I
Specialist in coordination with the
latter’s examination of the reports
and application.
1.6. If there are deficiencies, the 1 hour (depending on the Securities Counsel II
specialist/counsel contacts the complexity of the Securities Counsel I
client and sets an appointment amendment)
for the discussion of the
deficiencies
2. Returns on assigned date 2. If reports, application and amendment None 20 minutes Administrative Officer IV
(whether as informed by are complete and in order, the Securities Specialist II
AAII/COS or as set by Securities Specialist issues a Securities Specialist I
specialist/counsel) Monitoring Sheet and approves the Securities Counsel II
application for payment while the Securities Counsel I
Securities Counsel approves the
amendment and directs the client to
the Cashier for the payment of fees
for the application and amendment,
and the payment of penalty, if any
2.1. If application is for compliance,

specialist and/or counsel
prepares checklist of deficiencies
and informs the applicant to
comply.

PAID
3. Pays the filing fees and 3. Issues the Official Receipt For the 15 minutes Cashier
penalty, if any amendment:
a. Amended
Articles of
Incorporation
– P1,000.00
b. LRF of
P10.00
For the increase:
c. For
corporation
with par
value
1/5 of 1% of the
increase in
capital stock but
not less than
P3,000.00 or the
subscription
price of the
subscribed
capital stock,
whichever is
higher
d. For
corporation
without par
value

PAID
1/5 of 1% of the
increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
e. e. Legal
Research Fee -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
P10.00
f. Documentary
Stamp tax of
P60.00
g. For
Corporations
with FIA

PAID
Application -
Additional
P3,060,
inclusive of
LRF of
P30.00 and
DST of
P30.00
4. Proceeds to EO 4. Receives and verifies documentary None 20 minutes for all sets Computer Operator
Receiving Counter for requirements and proofs of payment COS
presentation of approved
documentary
payment
5. Returns documents 5. Receives the complete application None 5 minutes Administrative Officer IV
stamped as received to requirements and Order of Payment Securities Specialist II
processor and advises the client to return within Securities Specialist I
5 hours for the Certificates Securities Counsel II
5.1. Prepares the report on 1 hour Administrative Officer IV

application for increase in capital Securities Specialist II
and forwards all application and Securities Specialist I
amendment documents and
corporate file to Records Unit for
recording
5 minutes Administrative Assistant II

PAID
5.2. Forwards recorded corporate file COS
and application documents to
Office of the Director
Within 4 hours of receipt Confidential Assistant III
5.3. Prepares the Certificate of from Records Unit
Amended Articles of
Incorporation and Increase of
Capital Stock
5.4. Evaluates the final report,
reviews the application and the
contents of the Certificate and if
in order, signs the Certificates;
otherwise, the application is
returned to processor or the
certificate to the Confidential
Assistant for correction of the
certificate
5 minutes Confidential Assistant III
5.5. Forwards the certificates and
corporate file to the Releasing
Unit
6. Presents original receipt 6. Releases signed Certificate of NONE 10 minutes Administrative Assistant II
to the Releasing Unit on Amended Articles of Incorporation, COS
assigned returned date, Certificate of Increase of Capital
signs in logbook of Stock
documents released and
receives the signed

PAID
and/or Increase of Capital
Stock
TOTAL For the 16 days, 8 hours, 30
amendment: minutes
a. Amended
Articles of
Incorporation
– P1,000.00
b. LRF of
P10.00
For the increase:
c. For
corporation
with par
value
1/5 of 1% of the
increase in
capital stock but
not less than
P3,000.00 or the
subscription
price of the
subscribed
capital stock,
whichever is
higher

PAID
d. For
corporation
without par
value
1/5 of 1% of the
increase in
capital stock
computed at
P100.00 per
share but not
less than
P3,000.00 or the
issue value of
the subscribed
capital stock,
whichever is
higher
e. e. Legal
Research Fee -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
P10.00

PAID
f. Documentary
Stamp tax of
P60.00
g. For
Corporations
with FIA
Application -
Additional
P3,060,
inclusive of
LRF of
P30.00 and
DST of
P30.00

8. Issuance of Certificate of No Derogatory Information

Monitoring Clearance EO

PAID
1. Fills up request form and 1. Receives request, checks status of None 30 minutes Administrative Assistant II
secures number from the entity in the SEC database and COS
Records Unit for the retrieval of index card, and retrieves the
corporate file. corporate file.
1.1. If monitoring clearance is

available, directs client to
Cashier for payment of fees
1.2. If there is no monitoring

clearance, client is advised
to go through procedure for
monitoring of domestic
corporations
2. Presents the request form to 2. Issues the official receipt a. Certification 10 minutes Cashier
Cashier and pays the filing fee Fee –
P500.00

PAID
b. Documentary
Stamp Tax –
P30.00
3. Presents the Cashier-validated 3. Receives the cashier-validated None 30 minutes Administrative Assistant II
request form to Records Unit request form and advises the COS
client to follow-up certification
within 2 days
3.1. Encodes the request in the

Certification Issuance
System-Unified Reference
Database (CIS-URDB)
3.2. Endorses request form and

corporate records to
Administrative Officer IV.
3.3. Receives request and 1 hour Administrative Officer IV

verifies the status of
corporation in CIS-URDB.
3.4. If not cleared in CIS-URDB,

contacts the applicant to
comply with deficiency or
directive of department who
encoded the said deficiency
or directive.

PAID
3.5. If cleared, approves the
request for printing of
certificate and returns
records to Records Unit.
3.6. Prints the Certificate of No Within 1 day from receipt Administrative Assistant II
Derogatory Information of clearance from AOIV COS
through the CIS-URDB and
forwards certification and
corporate records to the
3.7. Reviews the records and 10 minutes Director

signs the Certificate of No
3.8. Forwards the signed 5 minutes Confidential Assistant III

certification and corporate
records to Records Unit
4. Presents original receipt to the 4. Releases signed Certificate of No NONE 10 minutes Administrative Assistant II
Releasing Unit on assigned Derogatory Record COS
returned date, signs in logbook
of No Derogatory Record
TOTAL a. Certification 1 day, 2 hours, 35
Fee – minutes
P500.00

PAID
b. Documentary
Stamp Tax –
P30.00
9. Issuance of Certification as to Status of a Registered Corporation

This service details the procedure on Issuance of Certification as to Status of a Registered Corporation.


PAID
1. Fills up request form and 1. Receives request, checks status of None 30 minutes Administrative Assistant II
secures number from the entity in the SEC database and COS
Records Unit for the retrieval of index card, and retrieves the
corporate file. corporate file.
1.1. If monitoring clearance is

available, directs client to
Cashier for payment of fees

PAID
1.2. If there is no monitoring
clearance, client is advised
to go through procedure for
monitoring of domestic
corporations
2. Presents the request form to 2. Issues the official receipt a. Certification 10 minutes Cashier
Cashier and pays the filing fee Fee –
P500.00
b. Documentary
Stamp Tax –
P30.00
3. Presents the Cashier-validated 3. Receives the cashier-validated None 5 minutes Administrative Assistant II
request form to Records Unit request form and advises the COS
client to follow-up certification
within 2 days
3.1. Prints the Certification as to Within 1 day from receipt Administrative Assistant II
Status and forwards of clearance from AOIV COS
records to the Office of the
Director
3.2. Reviews the records and

signs the Certificate of No 10 minutes Director
5 minutes Confidential Assistant III

PAID
3.3. Forwards the signed
records to Records Unit
4. Presents original receipt to the 4. Releases signed Certification as None 10 minutes Administrative Assistant II
Releasing Unit on assigned to Status COS
receives the signed Certification
as to Status
TOTAL a. Certification 1 day, 1 hour, 10 minutes
Fee –
P500.00
b. Documentary
Stamp Tax –
P30.00

10. Issuance of Negative Certification
This service details the procedure on Issuance of Negative Certification.

1. Fills up request form and 1. Receives request, checks None 30 minutes Administrative Assistant II
secures number from the status of entity in SEC COS
Records Unit for the retrieval of database and index card.
corporate file.
1.1. Advises client to
follow-up certification
within 2 days
1.2. Directs client to

Cashier for payment
of fees
2. Presents the request form to 2. Issues the official receipt a. Certification Fee – 10 minutes Cashier
Cashier and pays the filing fee P500.00
2.1. Forwards the cashier- b. Documentary 5 minutes
validated request form Stamp Tax –
to Records Unit P30.00

2.2. Prints negative Within 1 day from

certification and payment Administrative Assistant II
forwards certification COS
and corporate records
to the Office of the
Director
2.3. Reviews the records 10 minutes Director

and signs the
Certificate of No
Derogatory
Information.
2.4. Forwards the signed Confidential Assistant III

certification and
Records Unit
3. Presents original receipt to the 3. Releases signed Certificate NONE 10 minutes Administrative Assistant II
Releasing Unit on assigned of No Derogatory Record COS
of No Derogatory Record
TOTAL a. Certification Fee – 1 day, 1 hour, 10 minutes

P500.00

b. Documentary
Stamp Tax –
P30.00


Type of Transaction: G2B – Government to Business; G2C – Government to Citizen
None

TIME
1. Fills up request form and 1. Receives request, checks None 30 minutes Administrative Assistant II
secures number from the availability of requested COS
Records Unit documents in database and
corporate records available
1.1. Advises client to

follow-up certification
within 2 days

TIME
1.2. Directs client to
Cashier for payment of
fees
2. Presents the request form to 2. Issues the official receipt For CTC/set: 10 minutes Cashier
Cashier and pays the filing fee a. Articles of Incorporation
2.1. Forwards the cashier- – P200
validated request form By-Laws – P200
to Records Unit Articles of
Partnership – P200
2.2. Prepares the Amended Articles of Within 1 hour for Administrative Assistant II
requested documents Incorporation – P200 ordinary copy COS
Amended By-Laws – Confidential Assistant III
2.3. *If plain copy, prints P200 Within 4 hours for
the documents Amended Articles of CTC
2.4. **If authenticated copy, Increase in Capital
prints and stamps the Stock – P200
documents GIS – P100
FS – number of pages
x P10.00 plus service
fee P50
Certificate of
Registration – P50
Tax – P30/set
For Ordinary Copy

TIME
c. Articles of Incorporation
– P100
By-Laws – P100
Articles of
Amended Articles of
Incorporation – P100
Amended By-Laws –
P100
Amended Articles of
Increase in Capital
Stock – P70
GIS – P25
x P10.00
3. Presents original receipt to the 3. Releases signed CTC or None 10 minutes Administrative Assistant II
Releasing Unit on assigned ordinary copy COS
receives the CTC or ordinary
copy
TOTAL For CTC/set: For CTC: 4 hours,
a. Articles of Incorporation 50 minutes
– P200
By-Laws – P200 For Ordinary Copy:
Articles of 1 hour, 50 minutes

TIME
Amended Articles of
Amended By-Laws –
P200
Amended Articles of
Increase in Capital
Stock – P200
GIS – P100
x P10.00 plus service
fee P50
Certificate of
Registration – P50
Tax – P30/set
For Ordinary Copy

c. Articles of Incorporation
– P100
By-Laws – P100
Articles of
Amended Articles of
Amended By-Laws –
P100
Amended Articles of

TIME
Increase in Capital
Stock – P70
GIS – P25
x P10.00
12. Issuance of Plain/Authenticated Copies of Documents for Other Government Offices


CLIENT STEPS AGENCY ACTIONS
Signed Letter Request (1 original) Requesting Government Agency
1. Submits the letter to the Office 1. Receives the letter request None 5 minutes Confidential Assistant III
of the Director and forwards the letter to
the Director
Director

1.1. Endorses letter request

to Records Unit for
compliance within 2
days
1.2. Prepares the COS
requested documents Confidential Assistant III
5 minutes per document
1.3. *If plain copy, prints
the documents
10 minutes per
1.4. **If authenticated copy, document
documents
1.5. Forwards the
requested documents
to the Office of the
Director
Within 2 days from Director
1.6. Prepares and signs the receipt of letter
letter reply and
forwards the same
together with the
documents to the
for recording purposes

1.7. Letter transmitted to

Administrative
Assistant I for
transmittal
2. Receives the transmittal letter 2. Delivers requested None 25 minutes per agency Administrative Assistant I
with requested document/s, if documents to requesting
any agency if office is within
Davao City
2.1. Transmits requested

documents through
courier or mail if office
of requesting agency is
outside Davao City
TOTAL NONE 2 days, 45 minutes
13. Public Assistance


Who may avail: All
None None

PAID
1. Informs information 1. Directs to examining unit and informs None 5 minutes Information Officer
officer/guard on duty the to wait to be called for concerns Guard on Duty
concern and/or unit he/she pertaining to examination and
wishes to be directed to monitoring of reports
1.1. Gives priority number for legal

unit for concerns pertaining to
registration, amendments,
scams and other legal issues
1.2. Directs to administrative unit

for issues pertaining to
personnel behavior
2. Presents verbal concern, query 2. Renders advice depending on the None 30 minutes (depending Concerned Personnel
or complaint nature of the concern/query; or on complexity of issue (Director)
hands out the requested checklist of raised) (Securities Counsels)
2.1. Presents written complaint requirements, guidelines, or sample (Administrative Officer IV)
forms (Securities Specialists
2.1. Endorses written complaint to 5 minutes Information Officer

the Office of the Director and Confidential Assistant III
advises party to expect
feedback within three (3)
working days
2.2. Prepares and signs answer to Within 2 1/2 days from Director
the complaint receipt of written
complaint

PAID
2.3. Endorses signed answer to 5 minutes Confidential Assistant III

Administrative Assistant I for
personal delivery or for mailing
through postal service or
courier service
TOTAL NONE For verbal: 35 minutes
For written: 2 days, 4
hours, 15 minutes


If reports/reportorial requirements, 4 sets/copies ( if filer wants
to retain a copy, submit 5)
1. Presents 5 sets/copies of 1. Encodes document, prints None 5 minutes per document Computer Operator
documents to Receiving Officer barcode page, and attached COS
barcode page to each copy
2. Claims 1 set for his file copy, 2. Retains 4 sets including None 1 minute Computer Operator
including the acknowledgement original and returns 1 set to COS
receipt (barcode page) client
TOTAL NONE 6 minutes per document

15. Registration of One Person Corporations Through Interim System (Without Secondary License during of pandemic)
This service details the manual processing of registration of partnerships without secondary licenses for the duration of the public health
emergency undertaken as safety precaution for the DEO staff.

Basic Requirements (2 sets original, 2 sets photocopy) SEC Extension Office

3. Acceptance of Nominee and Alternate Nominee
1. Foreign Investments Act Form 100 (with more than 40% foreign
equity) whose paid-up capital is CASH

PAID
1. Logs on to website to submit the 1. Processor will review the application None Within 1 working day Securities Counsel II
proposed company name and and will be advised of the status Securities Counsel I
in the application

PAID
incorporation and submits the
said application 1.1. If status is disapproved,
disapproval notice

approved, applicant may pay the
registration fees specified on the
payment assessment form, and
submit proof of payment, signed
and notarized hard copies of the
selected SEC Office within thirty
(30) calendar days from the date
of payment of registration fees.
2. Prepares necessary documents 2. None None Applicant/Registrant
3. Pays for the registration fee as 3. Accepts the PAF and issues the OR For stock 10 minutes Cashier
indicated in the payment corporation based
assessment form 3.1. Required filing fees based on on the authorized
Memo Circular No. 13, series of capital stock:
2019 With par value:
1/5 of 1% of the

PAID
authorized capital
stock but not less
than P 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share
but not less than
P 2,000 or the
issue value of the
subscribed capital
stock whichever is
higher
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00

PAID
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)
4. Submits the hard copies of 4. Gets the application documents from None 1 day after dropbox Securities Counsel II
signed and notarized documents the dropbox and distributes the retrieval (for Securities Counsel I
and proof of payment though a applications among themselves disinfecting purposes)
dropbox located at the main
entrance of the DEO office 4.1. Compares submitted documents 15 minutes
to details in the system and
inputs payment details in the
CoRes system

proper, counsel will be the one
to do item 5 and will inform the
client when to claim certificate

details in the system the client

PAID
will be requested to come to the
office on a specific date and
time to make the necessary
corrections before endorsing to
receiving unit
within 1 day.

5.3. Reviews the application and if in 20 minutes Director

order, approves the printing of
the Certificate of Registration;
returned to processor for
correction
and enters company details in receipt of registration
the SEC EO Masterlist documents

PAID

corporate file to Releasing Unit
6. Presents original receipt to the 6. Releases signed Certificate of None 10 minutes Administrative Assistant II
Releasing Unit on assigned Registration COS
of Registration
TOTAL For stock 2 days, 5 hours, 18
on the authorized
capital stock:
With par value:
1/5 of 1% of the
authorized capital
stock but not less
than P 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share

PAID
but not less than
P 2,000 or the
issue value of the
subscribed capital
stock whichever is
higher
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)

16. Registration of Partnerships through the Company Registration System (CRS) (Without Secondary License during of
pandemic)
This service details the manual processing of registration of partnerships without secondary licenses for the duration of the public health

2. Articles of Partnership
1. Foreign Investments Act Form F105
1. Creates an email account in the 1. System sends verification None Applicant/Registrant



without trade name/s automatically expires
within 90 calendar
1.2. Starts filling out company days if inactive)
details and submit forms
on-line (must achieve 1.2. System validates
100%) proposed company
name in accordance
with Memorandum
of 2019
proposed company
name expires on the
4th day if in-forms are
not filled up)

company information
encoded
2. Submits the hard copies of 2. Gets the application 1 day after dropbox retrieval Securities Counsel II
signed and notarized documents documents from the (for disinfecting purpose) Securities Counsel I
though a dropbox located at the dropbox and distributes the
main entrance of the DEO office

applications among
themselves
30 minutes
2.1. Processes the
submitted application
in accordance with
applicable rules on
partnerships under the
Civil Code and SEC
issuances on names.
2.2. If the documents

submitted are
complete and in order,
the processor will
approve the application
for payment or for
receiving and will
contact the entity
representative to
inform him/her of the
status of application

incomplete or are for
correction, the
Reviewing processor
shall call or e-mail the

contact person to
inform of the
deficiencies/lacking
documents and set a
date and time for
appointment with the
applicant for the latter
to bring the lacking
documents and/or
effect corrections on
the application
documents. Once
corrected and/or
complied with, the
processor will approve
the application either
for payment or for
receiving (proceed to
item 5)
3. Client presents approved 3. Issues official receipt and a) Articles of 10 minutes Cashier
registration documents and pays Order of Payment Partnership: 1/5 of 1%
the corresponding fees of the Partnership’s
than P2,000.00 plus
b) 1% Legal Research
than P20.00.

P100.00 for each
trade name, if
applicable;
c) Documentary
Stamp – P30.00
the Foreign
– P3,000.00

the Director for
generation of the
Certificate of
Registration (COR)
Within 4 hours from receipt Confidential Assistant III
4.3. Prints Certificate of of registration documents
Registration and enters
company details in the
SEC EO Masterlist

4.4. Reviews the 20 minutes Director

application and the
contents of the
order, signs the
Certificate of
Registration;
otherwise, the
to processor or the
certificate to the
certificate
4.5. Forwards signed

Certificate and
corporate file to 5 minutes Confidential Assistant III
Releasing Unit
5. Presents original receipt to the 5. Releases signed Certificate 10 minutes None Administrative Assistant II
Releasing Unit on assigned of Registration COS
of Registration
TOTAL 1 day, 5 hours, 30 a) Articles of Partnership:
minutes 1/5 of 1% of the


b) 1% Legal Research Fee
P20.00.
P100.00 for each
partnership name and trade
name, if applicable;
P30.00
(FIA) – P3,000.00

17. Registration of Partnerships through the Company Registration System (CRS) (For Issuance of Certificate of Records of
Partnerships)
This service details the procedure and documentary requirements for the issuance of Certificates of Records of Partnerships. The process is done
through the Company Registration System at crs.sec.gov.ph , the online registration system of the SEC.

2. Articles of Partnership  CRS website: crs.sec.gov.ph

1. Foreign Investments Act Form F105

PAID
1. Creates an email account in 1. System sends verification None None Applicant/Registrant
the CRS confirmation to allow applicant to
1.1. Verifies, reserves or sign-in into the facilities therein.
without trade name/s automatically expires within 90
calendar days if inactive)
1.2. Starts filling out company
details and submit forms 1.2. System validates proposed
on-line (must achieve company name in accordance
100%) with Memorandum Circular
1.3. (Reservation of proposed

company name expires on the
4th day if in-forms are not filled
up)

company information encoded
2. Brings 3 sets of signed and 2. Calls the applicant and processes 30 minutes Securities Counsel II
notarized hard copies to SEC, the submitted application in Securities Counsel I
secures number for the legal accordance with the Revised
unit Corporation Code, Guidelines on
Corporate names, Foreign
Investments Act, Anti-Dummy Law
and other special laws and

PAID
applicable SEC rules and
regulations
2.1. If compliant, processor

approves for payment and/or
for receiving
2.2. If non-compliant, application

will be returned to the party
3. Client presents approved 3. Issues official receipt and Order of a) Articles of 10 minutes Cashier
registration documents and Payment Partnership: 1/5 of
pays the corresponding fees 1% of the
Partnership’s
than P2,000.00
plus
b) 1% Legal
Research Fee
(LRF) of not less
than P20.00.
c) Name
reservation:
P100.00 for each
partnership name
and trade name, if
applicable;
c) Documentary
Stamp – P30.00

PAID
d) Application
under the Foreign
Investments Act
(FIA) – P3,000.00
within 1 day

(COR)
4.3. Prints Certificate of Within 4 hours from Confidential Assistant III

Registration and enters receipt of registration
company details in the SEC documents
EO Masterlist
4.4. Reviews the application and 20 minutes Director

the contents of the Certificate
and if in order, signs the
Certificate of Registration;
returned to processor or the
certificate to the Confidential

PAID
Assistant for correction of the
certificate
4.5. Forwards signed Certificate 5 minutes Confidential Assistant III

and corporate file to Releasing
Unit
of Registration
TOTAL a) Articles of 5 hours, 30 minutes
Partnership: 1/5 of
1% of the
Partnership’s
than P2,000.00
plus
b) 1% Legal
Research Fee
(LRF) of not less
than P20.00.
c) Name
reservation:
P100.00 for each
partnership name

PAID
and trade name, if
applicable;
c) Documentary
Stamp – P30.00
d) Application
under the Foreign
Investments Act
(FIA) – P3,000.00


Basic Requirements To be provided by client
1. Latest Audited Financial Statement
2. Latest General Information Sheet

Book
5) Secretary’s Certificate explaining the double filing of General
Information Sheet
6) Secretary’s Certificate of No Intra-Corporate Dispute
7) Secretary’s Certificate (Clarification)
8) Affidavit of the Corporate Secretary (Anti-Dummy Law/One and
the Same/Auditor);
9) General Formal for Financial Statements when the gross
revenue/total assets exceeds Five Million Pesos (P5,000,000)
10) OGA’s Acknowledgement on Functional Currency

1. Fills up request form and 1. Retrieves the corporate None 30 minutes Administrative Assistant II
secures number from the records and checks the COS
Records Unit for the retrieval of reports submitted:
corporate file
1.1.1. If reports are not
current, advises
client to submit
lacking reports
first
1.2. For corporations with 5 minutes Administrative Officer IV

updated reports, client
is advised when to
follow-up within 16
days.
1.3. Prints Document Index 5 minutes Securities Specialist II

List Securities Specialist I
1.4. Endorses request and 5 minutes

examiner
1.5. Determines Within 16 days from

compliance, date of request
deficiencies and (45 minutes average
violations. per corporation)

prepares
Monitoring Sheet.

contacts client to
inform him/her of
findings.
2. Returns on assigned day 2. Presents the findings to the 30 minutes Administrative Officer IV
Securities Specialist I
2.1. If there are
deficiencies, the same
have to be complied
with first before MS
may be issued.
2.2. If there are penalties

imposed and/or
findings that the party
needs only to be
informed and the client
is agreeable to the
findings presented, the
client will be advised to
pay penalty, if any, to
cashier (to step 3)

2.3. Note: Applicant with

request for reduction or
of fines, the procedure
for reduction of fines or
will be followed.
2.4. Note: If applicable,

clarification and further
compliance may be
required by the
monitoring officer prior
to the release of the
monitoring sheet (with
the approval of EO
Director, a clarificatory
conference with the
parties may be called).

deficiencies, the
monitoring sheet
prepared by the
monitoring officer will
indicate such finding
submitted to the

Director for review and

signature (client to step
4)
3. Presents Monitoring Sheet and 3. Issues the Official Receipt Guidelines on the 10 minutes Cashier
pays the corresponding fines Imposition of fines or
and/or penalties penalties for
noncompliance with
reportorial requirements;
Memorandum Circular No.
8, series of 2009 (MC8-
2009); Amended rules
governing the distribution of
excess profits of
corporation; Memorandum
Circular No. 8, Series of
1998 (MC8-1998); and
Series of 2010
4. Returns Monitoring Sheet to 4. Attaches Monitoring Sheet None 10 minutes Administrative Assistant II
Records Unit to corporate file COS
4.1. Forwards documents to

for review and
signature
15 minutes Director

4.2. Evaluates monitoring

sheet; if in order, signs
the sheet 5 minutes Confidential Assistant III
4.3. Forwards signed

monitoring sheet to
Records Unit for
release
5. Receives the signed Monitoring 5. Releases signed Certificate None 10 minutes Administrative Assistant II
Sheet of Registration COS
TOTAL Guidelines on the 16 days, 2 hours, 5
Imposition of fines or minutes
penalties for
noncompliance with
reportorial requirements;
Memorandum Circular No.
8, series of 2009 (MC8-
2009); Amended rules
governing the distribution of
excess profits of
corporation; Memorandum
Circular No. 8, Series of
1998 (MC8-1998); and
Series of 2010

INTERIM GUIDELINES FOR THE LIMITED MANUAL
OPERATIONS OF THE DAVAO EXTENSION OFFICE DURING
THE PERIOD OF STATE OF NATIONAL EMERGENCY DUE TO
PANDEMIC OR IN THE EVENT OF OTHER MAJOR
DISRUPTION WHETHER CAUSED BY A NATURAL DISASTER
OR OTHER CAUSES

19. Simple Registration of Corporations through the Company Registration System (CRS) under Manual Processing
This service details the manual processing of registration of domestic corporations without secondary licenses for the duration of the public health

1. Cover Sheet (for stock and non-stock corporations) SEC Extension Office
2. Articles of Incorporation (for stock and non-stock  Computation of filing fee: www.sec.gov.ph/wp-
corporations) content/uploads/2017/03/2017MCno03-new2.pdf

CASH
2. For Foundations, notarized Bank Certificate of at least P1M

and Notarized Statement of Willingness to be Audited

1. Creates an email account in the 1. System sends verification None None Applicant/Registrant
company name with or 1.1. (Email account
without trade name/s created automatically
expires within 90
1.2. Starts filling out company calendar days if
details and submit forms inactive)
on-line (must achieve
100%) 1.2. System validates
proposed company
name in accordance
with Memorandum
of 2019
proposed company
name expires on the
4th day if in-forms are
not filled up)


company information
encoded
2. Submits the hard copies of 2. Gets the application 1 day after dropbox Securities Counsel II
signed and notarized documents from the retrieval (for Securities Counsel I
documents though a dropbox dropbox and distributes the disinfecting purpose)
located at the main entrance of applications among
the DEO office themselves
2.1. Processes the 45 minutes

submitted application
in accordance with the
Revised Corporation
Code, Guidelines on
Corporate names,
Foreign Investments
Act, Anti-Dummy Law
and other special laws
and applicable SEC
2.2. If the documents

submitted are
the processor will
approve the
application for
payment or for

receiving and will

contact the entity
representative to
inform him/her of the
status of application

incomplete or are for
correction, the
Reviewing processor
shall call or e-mail the
contact person to
inform of the
deficiencies/lacking
documents and set a
date and time for
appointment with the
applicant for the latter
to bring the lacking
documents and/or
effect corrections on
the application
documents. Once
corrected and/or
complied with, the
processor will approve
the application either
for payment or for

receiving (proceed to
item 5)
3. Client presents approved 3. Issues official receipt and For stock corporation 10 minutes Cashier
registration documents and Order of Payment based on the authorized
pays the corresponding fees capital stock:
With par value: 1/5 of 1%
stock but not less than P
2,000 or the subscription
price of the subscribed
capital stock whichever is
higher
capital stock computed at
P100 per share but not
issue value of the
whichever is higher
1,000
1,000
(FIA) Form 100: P3,000.00

Company Name
name/s: P100.00
P30.00
1% of the Filing Fee but
not less than Ten Pesos (P
10.00)
and bring Stock and
Transfer Book or
Membership Book.

the Director for
generation of the
Certificate of
Registration (COR)
4.3. Prints Certificate of Confidential Assistant III

Registration and

enters company Within 4 hours from

details in the SEC EO receipt of registration
Masterlist documents
4.4. Reviews the Director

application and the
contents of the 20 minutes
order, signs the
Certificate of
Registration;
otherwise, the
to processor or the
certificate to the
certificate
4.5. Forwards signed Confidential Assistant III

Certificate and
corporate file to 5 minutes
Releasing Unit
5. Presents original receipt to the 5. Registers Stock and None 10 minutes Administrative Assistant II
Releasing Unit on assigned Transfer book COS

receives the signed Certificate 5.1. Releases signed

of Registration Certificate of
Registration
TOTAL For stock corporation 1 day, 5 hours, 45
based on the authorized minutes
capital stock:
With par value: 1/5 of 1%
stock but not less than P
2,000 or the subscription
price of the subscribed
capital stock whichever is
higher
P100 per share but not
issue value of the
whichever is higher
1,000
1,000


(FIA) Form 100: P3,000.00
Company Name
name/s: P100.00
P30.00
1% of the Filing Fee but
not less than Ten Pesos (P
10.00)
20. Simple Registration of Corporations with 2-4 Incorporators Through Interim System
This service details the procedure on registration of corporations consisting of 2-4 incorporators pursuant to Section 10 of the Revised Corporation
Code (RCC).

1.) Cover Sheet SEC Extension Office
2.) Articles of Incorporation

3.) Treasurer’s Affidavit (for 2-4 only, optional if Treasurer’s  Interim System: https://apps004.sec.gov.ph:8001/application
Certificate in accordance with the RCC is incorporated in  Computation of filing fee: www.sec.gov.ph/wp-
the Articles of Incorporation (AI)) content/uploads/2017/03/2017MCno03-new2.pdf
4.) By-Laws
5.) Foreign Investments Act Form 100 (with more than 40%
foreign equity) whose paid-up capital is CASH
*Please be informed to arranged in accordance with the order in

the checklist in 2 original and 2 photocopies

PAID
1. Logs on to website to submit the 1. Processor will review the application None Within 1 working day Assigned Securities Counsel
proposed company name and and will be advised of the status
incorporation and submits the in the application
said application
1.1. If status is disapproved,
disapproval notice

approved, applicant may pay the
registration fees specified on the
payment assessment form, and
submit proof of payment, signed

PAID
and notarized hard copies of the
(30) calendar days from the date
of payment of registration fees.
2. Prepares necessary documents 2. None None Applicant/Registrant
3. Pays for the registration fee as 3. Accepts the PAF and issues the OR For stock 10 minutes Cashier
indicated in the PAF corporation based
on the authorized
capital stock:
With par value:
1/5 of 1% of the
authorized capital
stock but not less
than P 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share
but not less than

PAID
P 2,000 or the
issue value of the
subscribed capital
stock whichever is
higher
By-Laws: P 1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)
4. Submits the hard copies of 4. Gets the application documents from None 1 day after dropbox Securities Counsel II
signed and notarized documents the dropbox and distributes the retrieval (for Securities Counsel I
and proof of payment though a applications among themselves disinfecting purposes)

PAID
dropbox located at the main 4.1. Compares submitted documents 15 minutes
entrance of the DEO office to details in the system and
inputs payment details in the
CoRes system

proper, counsel will be the one
to do item 5 and will inform the
client when to claim certificate

details in the system the client
will be requested to come to the
office on a specific date and
time to make the necessary
receiving unit
payment 5.1. Informs the client to follow-up
within 1 day. 5 minutes


PAID
5.3. Reviews the application and if in

order, approves the printing of 20 minutes Director
the Certificate of Registration;
returned to processor for
correction
5.4. Prints Certificate of Registration

and enters company details in Within 4 hours from Confidential Assistant III
the SEC EO Masterlist receipt of registration
documents
5.5. Signs the certificate
3 minutes Director
5.6. Forwards signed Certificate and
corporate file to Releasing Unit 5 minutes Confidential Assistant III
of Registration
TOTAL For stock 2 days, 5 hours, 18
on the authorized
capital stock:
With par value:
1/5 of 1% of the

PAID
authorized capital
stock but not less
than P 2,000 or
the subscription
price of the
subscribed capital
stock whichever is
higher
Without par value:
1/5 of 1% of the
authorized capital
stock computed at
P100 per share
but not less than
P 2,000 or the
issue value of the
subscribed capital
stock whichever is
higher
By-Laws: P 1,000
Foreign
Investments Act
(FIA) Form 100:
P3,000.00
Company Name
Reservation:
P100.00

PAID
Each additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal Research
Fee (LRF): 1% of
the Filing Fee but
not less than Ten
Pesos (P 10.00)
21. Simple Registration of One Person Corporations Through Interim System (Pursuant to Section 10 of RCC)
This service details the procedure on registration of one person corporations pursuant to Section 10 of the Revised Corporation Code (RCC).

Basic Requirements (2 sets original, 2 sets photocopy) SEC Extension Office


3. Acceptance of Nominee and Alternate Nominee
1. Foreign Investments Act Form 100 (with more than 40%

foreign equity) whose paid-up capital is CASH

PAID
1. Logs on to website to submit the 1. Processor will review the application and None Within 1 working day Securities Counsel II
proposed company name and will be advised of the status through the Securities Counsel I
input details of the articles of email address indicated in the
incorporation and submits the application
said application
1.1. If status is disapproved, applicant
has to fill-out the application form
again following the modification
requirements set forth by the
reviewing officer indicated on the
disapproval notice

approved, applicant is directed to
pay the registration fees specified
on the payment assessment form,
and submit proof of payment,
signed and notarized hard copies of
the registration documents to the

PAID
(30) calendar days from the date of
payment of registration fees.
2. Prepares necessary documents 2. None None None Applicant/Registrant
3. Pays for the registration fee as 3. Accepts the payment assessment form For stock 10 minutes Cashier
indicated in the payment and issues the OR corporation
assessment form based on the
authorized
capital stock:
With par value:
1/5 of 1% of
the authorized
capital stock
but not less
than P 2,000
or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock

PAID
computed at
P100 per
share but not
less than P
2,000 or the
issue value of
the subscribed
capital stock
whichever is
higher
Foreign
Investments
Act (FIA)
Form 100:
P3,000.00
Company
Name
Reservation:
P100.00
Each
additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal
Research Fee

PAID
(LRF): 1% of
the Filing Fee
but not less
than Ten
Pesos (P
10.00)
4. Presents the 4 sets of signed 4. Compares physical registration None 15 minutes Securities Counsel II
and notarized registration documents to details encoded by Securities Counsel I
documents and proof of applicant/registrant in the system and
payment (within 30 days from inputs payment details in the CoRes
date of payment of registration system
fees)
proper, client proceeds to receiving
unit

details in the system, the client is
requested to make the necessary
receiving unit
5. Proceeds to EO Receiving 5. Officially receives and stamps the hard None 10 minutes for all sets Computer Operator
Counter for presentation of copies of the registration application. COS
approved documentary
requirements with proof of 5.1. Informs the client to follow-up within 5 minutes
payment 1 day.

PAID
5.2. Forwards to Office of the Director

for generation of the Certificate of
Registration (COR)
5.3. Reviews the application and if in 20 minutes Director

order, approves the printing of the
Certificate of Registration;
returned to processor for correction
and enters company details in the receipt of registration
SEC EO Masterlist documents

corporate file to Releasing Unit
of Registration
TOTAL For stock 1 day, 5 hours, 18
corporation minutes
based on the

PAID
authorized
capital stock:
With par value:
1/5 of 1% of
the authorized
capital stock
but not less
than P 2,000
or the
subscription
price of the
subscribed
capital stock
whichever is
higher
Without par
value: 1/5 of
1% of the
authorized
capital stock
computed at
P100 per
share but not
less than P
2,000 or the
issue value of
the subscribed
capital stock

PAID
whichever is
higher
Foreign
Investments
Act (FIA)
Form 100:
P3,000.00
Company
Name
Reservation:
P100.00
Each
additional
trade name/s:
P100.00
Documentary
Stamp Tax:
P30.00
Legal
Research Fee
(LRF): 1% of
the Filing Fee
but not less
than Ten
Pesos (P
10.00)

EXTENSION OFFICES
ZAMBOANGA CITY
SEC Bldg., San Jose Panigayan Street,

Zamboanga City

Office or Division: SEC Zamboanga Extension Office – (SEC-ZEO)
Basic Requirements (STOCK OR NON-STOCK May secure Checklist of requirements and sample formats from the Public
CORPORATIONS) (1 set original and 3 sets photocopies) Assistance and Complaint Desk of respective SEC EO or through the
2/amendment/
corporate dispute
4. Compliance Monitoring Division (CMD) / EO Monitoring Officer SEC Extension Office
Clearance
5. Clearance from other SEC departments, if applicable Corporate Governance and Finance Department (CGFD)
Markets and Securities Regulation Department (MSRD
6. -For Investment company, Financing and Lending companies, BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER
issuers of proprietary or non-proprietary membership (i.e. golf GOVERNMENT AGENCIES

clubs), listed and public companies and foundation (1 original
copy)
7. -For Capital Market Institutions (i.e. Exchange, Broker, Dealer, A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking
Investment House (1 original copy) Functions - Bangko Sentral ng Pilipinas
original copy)
9. If the provision to be amended is the corporate name, submit: Name verification slip may be secured manually through the CRMD by the
verifying officer;
10. Name Verification Slip (1 original) May secure copy from the Public Assistance and Complaint Desk/ Officer of the
Day
11. Affidavit of a director, trustees or officer undertaking to May secure copy from the Public Assistance and Complaint Desk/ Officer of the
change corporate name. (Not required if already stated in the Day or may download through SEC Website at http://www.sec.gov.ph/forms-and-
Al) fees/primary-registration/
12. If the provision to be amended is for registered corporations May secure copy from the Public Assistance and Complaint Desk/ Officer of the
increasing its foreign equity to more than 40%, submit: F-101 Day or may download through SEC Website at http://www.sec.gov.ph/forms-and-
13. If the provision to be amended is for registered corporations

with more than 40% increasing further the percentage of such
equity, submit F-102

PAID
1. If corporate name is for 1. Approves or denies 10 minutes Name Verification Officer/COS
name/s
1.1. Fills out Name Verification P100.00 per Administrative Assistant I
Forms (Verifies, reserves or 1.1. Approves or denies proposed 4-7 hours (CRMD process)
company name with or appeal for the corporate/trade
without trade name/s) proposed name/s or name/s
trade name/s
1.2. If name is rejected, registrant
corporate name
2. For pre-processing, 2. Verifies completeness of None 5-15 minutes EO Frontline Staff/
amendment requirements COS/EO Securities Specialist II
2.1. Secures queueing number
from the OOTD and 2.1. If documents are
proceeds to EO Securities complete:
Specialist II for presentation EO Securities Specialist II
of documentary 2.1.1. Endorses
requirements documents to
Securities
Counsel I

incomplete:
2.2.1. Returns
documents to

PAID
clients for
compliance
3. Waits for the corporation’s 3. Processes and evaluates None 1-2 working days Securities Counsel I
name to be called by the application for amendment
3.1. If compliant, issues
Payment Assessment EO Securities Specialist II
Form
compliance
Articles of Inc. or
By-laws :
P1,040.00
(*+**+***)
If Amendment of
By-laws:
P2,080.00
(*+*+**+**+***+***)
* Amendment of
Articles of

PAID
Incorporation –
P1,000.00
Amendment of By-
Laws – P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00

PAID
with LRF of
P30.00)
5. Proceeds to EO Counter for 5. Receives and verifies None 5 minutes EO Frontline Staff
presentment of documentary documentary requirements COS
requirements with proof of and proofs of payment EO Securities Specialist II
payment
6. Waits for the issuance of signed 7. Prepares the Certificate of None 15 minutes EO Securities Specialist II
Certificate Amended Articles of
laws

Amended Articles of EO Director
By-laws
7.2. Encodes signed

Certificate of Amended COS
Articles of
By-laws
8. Proceeds to EO Counter for 8. Releases signed Certificate None 5 minutes EO Frontline Staff/
presentment of the original proof of Amended Articles of
of payment and receives the Incorporation and/or By- COS
signed Certificate of Amended laws
Articles of Incorporation and/or
By-laws

PAID
TOTAL Filing Fees: 3 days
Amendment of
Articles of Inc. or
By-laws :
P1,040.00
(*+**+***)
If Amendment of
By-laws:
P2,080.00
(*+*+**+**+***+***)
* Amendment of
Articles of
Incorporation –
P1,000.00
Amendment of By-
Laws – P1,000.00
**Documentary
Stamp Taxes -
P30.00
***Legal Research
Fee-

PAID
1% of the Filing
Fee for
amendment
(P10.00)
**** Amendment
with
corporate/trade
names, with
additional P100.00
per reserved
corporate/trade
name/s
******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)

Office or Division: SEC Zamboanga Extension Office (SEC-ZEO)

Basic Requirements (1 set original and 3 sets photocopies May secure Checklist of requirements and sample formats from the Public
Assistance and Complaint Desk, Officer of the Day of the EO or through the
Commission’s website through URL http://www.sec.gov.ph/services-2/company-
2/amendment/
Cover Sheet
Amended Articles of Partnership Any of the partners
Endorsement from other government agencies, if applicable (1 A. Bank, Pawnshop and other Financial Intermediaries with Quasi-Banking
original) Functions - Bangko Sentral ng Pilipinas
If the provision to be amended is the partnership name, submit: May secure copy from the Public Assistance and Complaint Desk/ OOTD
Name Verification Slip (1 original) Name verification slip may be secured manually by OOTD
Affidavit of a partner to change partnership name. (Not required if May secure copy from the Public Assistance and Complaint Desk/ OOTD
already stated in the AP) (1 original; 3 photocopies)
If the provision to be amended is the change of partners, submit: Assignee and Assignor Partners
Deed of Assignment of partnership interest and or documents

showing withdrawal, resignation, retirement and death of a
partner (1 original; 3 photocopies)

If provision for amendment is to have foreign equity of a May secure copy from the Public Assistance and Complaint Desk/ OOTD or may
registered partnership, submit: F-106 download through SEC Website at http://www.sec.gov.ph/forms-and-fees/primary-
registration/
If provision for amendment is to further increase the foreign May secure copy from the Public Assistance and Complaint Desk/ OOTD or may
registration/

PAID
1. If partnership name is for 1. Approves or denies proposed P100.00 per 10 minutes Name Verification Officer/COS
amendment: name/s or trade name/s proposed
partnership/trade
1.1. Fills out Name Verification 1.1. Approves or denies appeal for name/s 4-7 hours Administrative Assistant I
Form (Verifies, reserves or the proposed name/s or trade
company name with or name/s
without trade name/s)
2. If name is rejected, registrant

partnership name
3. For pre-processing, secures 3. Verifies completeness of 5-15 minutes Name Verification Officer/COS
queueing number from the amendment requirements
OOTD and proceeds to
Securities Specialist II for 3.1. If documents are complete: Administrative Assistant I
requirements 3.1.1. Accepts documents for
assignment to CPRD
processors

PAID
3.2. If documents are incomplete:
3.3. Returns documents to clients

for compliance
4. Waits for the partnership’s name 4. Processes and evaluates None 1-2 days Securities Specialist II
to be called by the Securities application for amendment
Counsel I
4.1. If complete and compliant,
issues Payment Assessment
Form Securities Counsel I
4.2. If non-compliant, issues a

5. Pays the filing fee 5. Issues the Official Receipt and Filing Fees: 10 minutes SEC Cashier
machine-validated Payment
Assessment Form Amendment of
Articles
Partnership:
P2,050.00
(*+**+***)
*Amended
Articles of
Partnership

PAID
**Documentary
Stamp Taxes -
P30.00
***Legal
Research Fee-
1% of the Filing
Fee for
amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional
P100.00 per
reserved
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s Interest
– P2,000.00 per
Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of

PAID
1% of the
Partnership’s
Capital but not
less than
P2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)
6. Proceeds to EO Counter for 6. Receives and verifies None 5 minutes Frontline Staff
presentment of documentary documentary requirements and COS/ Securities Specialist II
requirements with proof of proofs of payment
payment
7. Waits for the issuance of signed 7. Prepares the Certificate of None 5 minutes Securities Specialist II
Certificate Amended Articles of Partnership
7.1. Signs the Certificate of 10 minutes EO Director

Amended Articles of
Partnership
7.2. Encodes signed Certificate of 5 minutes COS

Amended Articles of
Partnership
8. Proceeds to EO Counter for 8. Releases signed Certificate of None 5 minutes EO Frontline Staff/ COS
presentment of the original proof Amended Articles of Partnership
of payment and receives the

PAID
signed Certificate of Amended
TOTAL Filing Fees: 3 days
Amendment of
Articles
Partnership:
P2,050.00
(*+**+***)
*Amended
Articles of
Partnership
**Documentary
Stamp Taxes -
P30.00
***Legal
Research Fee-
1% of the Filing
Fee for
amendment
(P20.00)
**** Amendment
with
partnership/trade
names, with
additional
P100.00 per
reserved

PAID
corporate/trade
name/s
*****Amendment
with Deed of
Assignment of
Partner’s Interest
– P2,000.00 per
Deed
******Amendment
of Partnership
with Increase in
Capital – 1/5 of
1% of the
Partnership’s
Capital but not
less than
P2,000.00
*******Amendment
by increasing
foreign equity FIA
forms (P3,000.00
with LRF of
P30.00)

This service details the procedure on request for issuance of Certification of Paid-up Capital, Capital Structure or Percentage of Ownership

the SEC after the application has been reviewed by the Assistant
Director

verification)

PAID
1. Secures a number from the guard 1. Calls the number through None 5 minutes Frontline Staff/
on duty the system and assists the COS/ Securities Specialist II
client
2. Submits the requirements to the 2. Records the application for - None 2 days & 6 hours Frontline Staff
Securities Specialist II for pre- pre-processing
processing
2.1. For first time Securities Specialist II/
applicants, Assigns the Securities Specialist I
application to an EO
2.2. If for compliance,

records the date of
submission and
to the assigned EO
Specialist
2.3. Advises the client when EO Frontline Staff/ OOTD/

to follow up the COS
application
2.4. Examines whether the Securities Counsel I

documents submitted

PAID
and in substance.
2.5. If application is
the Securities Counsel I
prepares Final Report
and submits it to the
EO Director/OIC for
review
2.6. If application is for

deficiencies and
informs and returns it to
the applicant. Go to
Step 1*
SEC Director
2.7. Evaluates the final
report and reviews the
2.8. If approved for filing,

orders the EO
Specialist to issue

PAID
Payment Assessment
Form (PAF)
2.9. If not approved, returns

EO Specialist. Go to
Step 2.3.1
3. Prepares follow-up slip (form is 3. Receives the follow-up slip None 15 minutes Frontline Staff/
available at the Guard) and and forwards it to the COS
4. Receives the Payment 4. Prepares and issues None 10 minutes Securities Specialist II
Assessment Form Payment Assessment Form
(PAF) to the applicant
5. Pays the corresponding filing fees 5. Receives and acknowledges *PHP 1,040 per 10 minutes Cashier/ Securities Specialist II
payment copy
*Inclusive of
Legal Research
Fee of PHP
10.00 and
Documentary
Stamp Tax of
PHP 30.00
6. Submits complete application 6. Receives complete None 1 hour & 10 minutes Securities Specialist II/
requirements for processing application requirement and Securities Specialist I
together with the validated PAF validated PAF

PAID
6.1. In case wherein the basis for 6.1. Receives the Audited Receiving Officer
certification is Audited Interim Interim Financial
Financial Statements, Statements
submits the Audited Interim
Financial Statements then 6.2. Advises the client when 10 minutes Securities Counsel I
proceeds to Step 6 to follow up the
application
6.3. Prepares Certificate of

Paid-up

Paid-up Capital Director
6.5. Records the approved

Certificates of Paid-up COS
Capital
7. Presents the Official Receipt to the 7. Receives the Official None 5 minutes Frontline Staff
Counter Officer Receipt
8. Receives the duly signed 8. Releases the signed None 5 minutes Frontline Staff/COS
Certificate of Paid-up Capital Certificate of Paid-up Capital
TOTAL P1,040.00 / copy 3 days

3. Treasurer’s Affidavit No prescribed format. To be prepared by the Company in accordance with Section
37 of the Revised Corporation Code

8. Secretary’s Certificate on waiver of pre-emptive rights of non- EO Public Assistance or Downloadable at SEC website through the following URL:
subscribing shareholders http://www.sec.gov.ph/wp-
i. AUDITED FINANCIAL STATEMENTS as of the last fiscal year To be provided by the company
ii. SPECIAL AUDIT REPORT, if: For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable at
a) listed companies; SEC website through the following URL:
P50,000,000.00
otherwise,

stockholder/s, treasurer and president for the corporation, stating
the number of additional shares subscribed to and paid for.


If the foreign equity is increased to more than 40%, compliance Downloadable at SEC website through the following URL:
Endorsement/Clearance, if applicable Respective SEC Department/s or other regulatory Government Agencies
Monitoring Clearance SEC Extension Office
Others

PAID
1. Secures a number from the 1. Calls the number through the None 5 minutes Frontline Staff
guard on duty system and assists the client COS/ Securities Specialist II
2. Submits the requirements to 2. Records the application for -pre- None 6 days, 5.5 hours EO Frontline Staff
the Counter Officer for pre- processing
processing
2.1. For first time applicants, Monitoring Officer/
Assigns the application to Securities Specialist II/Securities
an EO monitoring officer Specialist I

records the date of
submission and
forwards the
application to the
assigned EO
processor

PAID
2.2. Advises the client when to Monitoring Officer/
follow up the application Securities Specialist II/Securities
Specialist I
substance.
the specialist prepares
Final Report for
inclusion in ICS
records and
endorsement to

deficiencies and
to the applicant. Go to
Step 1


PAID
the specialist to issue
Payment Assessment
Form (PAF)

returns the application
to the specialist. Go to
Step 2.3.2
3. Prepares follow-up slip 4. Receives the follow-up slip and None 15 minutes Frontline Staff/COS
(form is available at the forwards it to the assigned
Guard) and submits to monitoring officer
Counter Officer
5. Receives the Payment 5. Prepares and issues Payment None 10 minutes Monitoring Officer/
Assessment Form Assessment Form (PAF) to the Securities Specialist II
applicant
6. Pays the filing fees 6. Receives and acknowledges 1. Amended 10 minutes Cashier
payment Articles of
Incorporation –
P1,010*
Plus
2. Increase of
Capital Stock -
**For corporation
with par value –

PAID
1/5 of 1% of the
increase in
capital stock but
not less than
P3,000.00 or the
subscription price
of the subscribed
capital stock,
whichever is
higher
**For corporation
without par value
–
1/5 of 1% of the
increase in
capital stock
computed at
P100.00 per
share but not less
than P3,000.00
or the issue value
of the subscribed
capital stock,
whichever is
higher

PAID
3. LRF -
equivalent to 1%
of the computed
filing fee for
Increase of
Capital Stock but
not less than
P10.00
4. Documentary
Stamp tax of
P60.00
*Inclusive of LRF
of P10.00
***For
Corporations with
FIA Application -
Additional
P3,060, inclusive
of LRF of P30.00
and DST of
P30.00
7. Presents complete 7. Assists clients/ receives None 10 minutes
documents to Securities complete ICS documents Frontline Staff/COS
Specialist II

PAID
8. Submits complete 8. Receives the complete None 10 minutes Securities Specialist II/
application requirements for application requirements and Securities Specialist I
processing together with the validated PAF and advises the
validated PAF in 4 sets client when to follow up its
status
8.1. Encodes the details of the 20 minutes

Increase of Capital Stock in
the system and forwards
Securities Counsel for final
check
8.2. Prepares Certificate of 5 minutes Securities Specialist II/

Increase of Capital Stock Securities Specialist I
and Amendment of Articles
of Incorporation
8.3. Signs and approves the 10 minutes EO Director

application
8.4. Forwards the approved 5 minutes Securities Specialist II/

application to the Releasing Securities Specialist I
Unit
9. Waits for number/ corporate 9. Calls the number/ corporate None 10 minutes
name to be called at the EO name and assists the client Frontline Staff/COS
Counter

PAID
10. Presents the Official 10. Receives the Official Receipt None 10 minutes
Receipt to the Counter Frontline Staff/COS
Officer
11. Receives the duly approved 11. Releases the duly approved None 10 minutes
Certificate of Increase of Certificate of Increase of Capital
Capital Stock and Amended Stock and Amended Articles of Releasing Officer/
Articles of Incorporation Incorporation COS
TOTAL 7 days

This service details the procedure on application for increase of capital stock by way: Conversion of advances/liabilities to equity
1. Stock Dividends
3. Untitled Lands
6. Shares of stock
7. Motor Vehicle
9. Intangibles
10. Net assets

BASIC REQUIREMENTS
3. Treasurer’s Affidavit No prescribed format. To be prepared by the Company in accordance with Section
37 of the Revised Corporation Code
8. Secretary’s Certificate on waiver of pre-emptive rights of non- EO Public Assistance or Downloadable at SEC website through the following URL:
subscribing shareholders http://www.sec.gov.ph/wp-

stamped received by BIR and SEC (if the advances are already
reflected therein)
12.2 A report to be rendered by an Independent CPA on the For guidance, refer to Memorandum Circular No. 6 series of 2008 downloadable at
verification of the advances to be converted to equity, if not SEC website through the following URL:
13. Stock Dividends
respective outstanding shares and the allocation of stock dividend
certified by the corporate secretary
13.3 Secretary’s Certificate that on the basis of the computation To be provided by the Company
of the Finance Officer, the allocation of stock dividends as
shareholdings of stockholders as of date of meeting approving the
dividend declaration or as of record date and the treatment of
resulting fractional shares, if any, are true and correct
13.5 Reconciliation of Retained Earnings CRMD Public Assistance or refer to Memorandum Circular No. 11 Series of 2008

location, area, TCT/CCT no., tax declaration number and the basis
of transfer value (market value, assessed value or zonal value)
14.4 Appraisal report by a licensed real estate appraiser, if To be provided by the Applicant.
transfer value is based on appraised value (not more than 6 month
old)
certification on the outstanding loan balance and his/her written
consent to the transfer of property
14.7 For assignment of buildings where assignor is not the To be provided by the Applicant.
owner of the land, submit the lease contract on the land and
14.8 Certification from the transferor stating that the To be provided by the Applicant.
improvements are existing and in good condition
submit the required proof of transfer within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of 2013
15. Untitled Lands

exclusive possession in the concept of an owner for at least thirty
(30) years and the possessor had introduced improvements
thereon, if any
declaration sheets
affecting the property recorded in the Register of Deeds for the
province of city where the land is situated
a. Existence (or non-existence) of easements over the
untitled property
15.8 Under oath undertaking of the transferor/subscriber to To be provided by the Applicant.
answer for any liability that the corporation might incur by virtue
of the acceptance of said property as paid-up capital

Lands
appraised value)
original certificate of title in the name of the transferee-corporation
within one (1) year from the date of receipt of the approval of the
application
the basis of transfer value (market value or book value) certified
verification and valuation of property, if transfer value is based on
book value


description of the property) by the Bangko Sentral Ng Pilipinas.
18. Shares of Stock
stockholder, stock certificate number, no. of shares and the basis
of transfer value (market or book value) certified by the company
accountant
assignor
verification)
18.6 Latest market price quotation in the newspaper or To be provided by the Applicant.
certification from the stock exchange/broker as to latest market
price of the shares of stock (if listed in the Stock Exchange)
19. Motor Vehicles

month old)
19.6 Certification from the transferor stating that the motor To be provided by the Applicant.
vehicles are existing and in good running condition
Owner, registry number, technical description and appraised value
month old)
21. Intangibles

licensed Filipino mining engineer for mining claims/rights (not
more than 6 months old)
submit proof of transfer of ownership within the prescribed period For guidance, please refer to Memorandum Circular No. 14 series of 2013
22. Net Assets
partnership / division of corporation (for spin-off) as of last fiscal
year
date of the AFS certified by the auditor or certified under oath by
the company accountant and written consent of creditors
registration/titles and their respective book values certified by the
company accountant

verification)

TIME
1. Secures a number 1. Calls the number through None 5 minutes Frontline Staff
through the queueing the system and assists
system the client
2. Submits the 2. Records the application None 6 days & 5.5 hours Frontline Staff
requirements to the for -pre-processing
Counter Officer Securities Specialist II/ Securities
2.1. For first time Specialist I
applicants, Assigns
FAAD specialist
2.1.1. If for
compliance,
records the
date of
submission and
forwards the
application to
the assigned

TIME
FAAD
Specialist
Securities Specialist II/ Securities
2.2. Advises the client Specialist I
when to follow up
the application
the documents
submitted are
complete in form
and in substance.
complete and
in order, the
specialist
prepares Final
Report and
submits it to the
Securities
Counsel
for compliance,
specialist
prepares
checklist of

TIME
deficiencies
and informs
and returns it to
the applicant.
Go to Step 1
2.4. Reviews the final

report
orders the
FAAD
Specialist to
issue Payment
Assessment
Form (PAF)
2.5. If not compliant,

returns the
application to the
FAAD Specialist. Go
to Step 2.3.2
3. Prepares follow-up 3. Receives the follow-up None 10 minutes Frontline Staff
slip (form is available slip and forwards it to the
at the Guard) and assigned financial
submits to Counter specialist
Officer

TIME
4. Receives the Payment 4. Prepares and issues None 10 minutes Securities Specialist II
Assessment Form Payment Assessment
Form (PAF) to the
applicant
5. Pays the filing fees 5. Receives and 1. Amended Articles of 10 minutes Cashier
acknowledges payment Incorporation – P1,010*
Plus
2. Increase of Capital Stock -

**For corporation with par value
–
1/5 of 1% of the increase in
capital stock but not less than
P3,000.00 or the subscription
price of the subscribed capital
stock, whichever is higher
**For corporation without par
value –
P100.00 per share but not less
than P3,000.00 or the issue
value of the subscribed capital
3. LRF -equivalent to 1% of the

computed filing fee for Increase

TIME
of Capital Stock but not less
than P10.00
4. Documentary Stamp tax of

P60.00
*Inclusive of LRF of P10.00
***For Corporations with FIA

Application - Additional P3,060,
inclusive of LRF of P30.00 and
DST of P30.00
6. Secures a number 6. Calls the number through None 5 minutes Frontline Staff
through the guard on the system and assists Information Officer III
duty the client
7. Submits complete 7. Receives the complete None 50 minutes Receiving Officer/COS
requirements for and validated PAF and
processing together advises the client when
with the validated PAF to follow up its status
in 4 sets Securities Specialist II
7.1. Encodes the details
of the application in
the system and
forwards the
application to the
Support Staff

TIME
7.2. Prepares Certificate COS
7.3. Signs and approves EO Director

the application
7.4. Forwards the Securities Specialist II/

approved Securities Specialist I
application to the
Releasing Unit
8. Secures a number 8. Calls the number through None 10 minutes Frontline Staff/COS
through the queuing the system and assists
system (Releasing) the client
9. Presents the Official 9. Receives the Official None 10 minutes Frontline Staff/COS
Receipt to the Counter Receipt
Officer
10. Receives the duly 10. Releases the duly None 10 minutes Frontline Staff/COS
approved application approved application
TOTAL 1. Amended Articles of 7 days
Incorporation – P1,010*
Plus
2. Increase of Capital Stock -

**For corporation with par value
–
capital stock but not less than
P3,000.00 or the subscription

TIME
price of the subscribed capital
**For corporation without par
value –
P100.00 per share but not less
than P3,000.00 or the issue
value of the subscribed capital
3. LRF -equivalent to 1% of the

computed filing fee for Increase
of Capital Stock but not less
than P10.00
4. Documentary Stamp tax of

P60.00
*Inclusive of LRF of P10.00
***For Corporations with FIA

Application - Additional P3,060,
inclusive of LRF of P30.00 and
DST of P30.00

Office or Division: SEC Extension Office - ZEO
2. Monitoring Clearance (1 photocopy)

2.1. Primary Licenses SEC EO
2.2. Lending MSRD
2.3. Foundation CGFD
3. For Corporations with Secondary Licenses, attach the Articles Corporate Secretary or at www.secexpress.ph
of Incorporation or latest Amended Articles of Incorporation, if
any
Corporate Secretary or at www.secexpress.ph
4. For Partnerships, attach the Articles of Partnership or latest

PAID
1. Secures a queueing number 1. Calls the number through the None 5 minutes Frontline Staff/COS
from the guard on duty system and assists the client

PAID
2. Waits for the processing of 2. Receives application None 1 hour & 15 minutes
request Administrative Assistant II
2.1. Evaluate attachments
2.1. Receives the PAF and
pays to the cashier. 2.2. Verifies the status of
corporation through CIS-
URDB.
2.2.1. *If application is Certification Fee – Cashier

cleared, a Payment P500
Assessment Form is Documentary
issued to applicant Stamp Tax – P30
with instruction to pay
at the SEC Cashier.
2.2.2. ** If not cleared in

Certification Issuance
System-Unified
Reference Database
(CIS-URDB), instructs
the applicant to return
to the department who
encoded the infraction.
2.3. Receives the PAF and pays

to the cashier.

PAID
2.4. Receives the machine
validated Payment
Assessment Form.

Derogatory Information
through the CIS-URDB.
EO Director
and signs the Certificate of
No Derogatory Information.
3. Waits for name/ number to 3. Calls the number 5 minutes Frontline Staff/COS
be called
4. Receives the certification 4. Seals the Certificate of No None 5 minutes
Derogatory Information with the Administrative Assistant II
SEC logo
Frontline Staff/COS
4.1. Releases the Certificate of
No Derogatory Information
(CNDI) to the applicant.
TOTAL P530 1.5 hours



PAID
1. Submits the letter to the 1. Receives the letter request None 5 minutes Frontline Staff/COS
concerned EO staff
2. Waits to process the 2. Prepares the requested None 30 minutes Administrative Assistant II/
request documents and forwards to the Administrative Assistant I
Admin Asst I/ Admin Asst II
2.1.1. *If plain copy, prints P10.00 per page Assigned signatories of CTCs
the documents
2.1.2. **If authenticated

copy, prints and
stamps the documents
2.2. Prepares the letter reply 5 minutes Securities Counsel I

and/or Payment

PAID
together with the
documents to the
authorized signatories
2.2.1. If Pag-IBIG,
PhilHealth, Social
Security System
(SSS), Bureau of
Internal Revenue
(BIR), and
Government Service
Insurance System
(GSIS) and other
profit-making
agencies, issues the
PAF

PAF
2.4. Signs the letter and/or EO Director

documents and forwards to
the Administrative Assistant
II

PAID
3. Receives the transmittal 3. Transmits the signed letter reply None 5 minutes per agency Administrative Assistant I
letter with attached with attached documents
document/s
document/s

outside Zamboanga City,
transmits by
courier/express
3.3. Transmits the signed letter

reply with attached PAF
through courier/express

8. Public Assistance & Complaint Desk

Who may avail: All
None None

PAID
1. Gets a number from the 1. Presses the queueing button to None 5 minutes Frontline Staff/
guard on duty and proceed call the number of the client COS
to EO Counter
2. Presents concern/s, query 2. Renders advice depending None 45 minutes Frontline Staff
or complaint on the nature of the (OOTD)
concern/query; or
2.1. Presents written
complaint 2.1. Hands out the requested Frontline Staff
checklist of requirements, (OOTD)
guidelines, or sample
forms;

PAID
2.2. Refers to the appropriate Frontline Staff
EO staff (OOTD)
2.3. Endorses written complaint

to the Office of the EO Information Officer
Director and advises party
to expect feedback within
five (5) working days EO Director
TOTAL: None 50 minutes

If reports/reportorial requirements, bring 5 sets/copies. Otherwise,
no other requirements needed.

PAID
1. Client gets a queuing number 1. Calls on the client’s number None 2 minutes Frontline Staff
from
2. Presents 5 sets/copies of 2. Encodes document, prints 3 minutes/doc

documents to Receiving Officer barcode page, and attached Administrative Assistant II
barcode page to each copy
TOTAL 6 minutes


3. Articles of Incorporation (for stock and non-stock corporations) SEC Extension Office
5. By-Laws (for stock and non-stock corporations) CRS website: crs.sec.gov.ph
6. Foreign Investments Act Form 100 (for stock corporations with Computation of filing fee: www.sec.gov.ph/wp-
more than 40% foreign equity) whose paid-up capital is CASH content/uploads/2017/03/2017MCno03-new2.pdf
8. Affidavit of Correctness


RESPONSIBLE
1. Creates an email account 1. System sends verification None 10 minutes Applicant/registrant
in the CRS confirmation to allow applicant
therein.
793
CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES
RESPONSIBLE

within 90 calendar days if
inactive.
2. Verifies, reserves or 2. System validates proposed None 10 minutes Applicant/registrant
appeals the proposed company name in accordance
company name with or with Memorandum Circular No.
without trade name/s 13 series of 2019

are not filled up
3. 3. Starts filling out 3. Systems validates the None 30 minutes Applicant/registrant
company details and company information encoded
submit forms on-line
4. Submits the hard copies of 4. Receives the application For stock corporation based 5 minutes Frontline Staff/COS/
signed and notarized documents and assigns to a on the authorized capital Administrative Officer III
documents processor stock:
4.1. Processes the submitted the authorized capital stock 6 hours Securities Specialist II/
application in accordance but not less than P 2,000 or Securities Specialist I/
with the Revised the subscription price of the Cashier
Corporation Code, subscribed capital stock
Guidelines on Corporate whichever is higher
names, Foreign Without par value: 1/5 of 1%
Investments Act, Anti- of the authorized capital stock
Dummy Law and other computed at P100 per share
794
RESPONSIBLE
special laws and but not less than P 2,000 or
applicable SEC rules and the issue value of the
regulations subscribed capital stock
whichever is higher
4.1.1. If compliant, By-Laws for both stock and
processor issues a non-stock corporations: P
Payment 1,000
Assessment Form Articles of Incorporation for
(PAF) non-stock corporation: P
1,000
4.2. Required filing fees based Foreign Investments Act (FIA)
on Memo Circular No. 3, Form 100: P3,000.00
series of 2017 Company Name Reservation:
P100.00
4.2.1. If non-compliant, Each additional trade name/s:
application will be P100.00
returned to the party Documentary Stamp Tax:
P30.00
5. Submits the proof of 5. Officially receives and stamps None 10 minutes Securities Specialist II/
payment and documents the hard copies of the Securities Specialist I
Registration (COR)
10 minutes COS
795
RESPONSIBLE
the SEC EO Masterlist,
generates registration and
prints Certificate
30 minutes Securities Counsel I
10 minutes EO Director
Registration (COR)
documents were
returned to the
processor, then to
the party/client
6. Presents Official Receipt to 6. Releases the Certificate None 5 minutes Releasing Officer/COS
secure the Certificate of together with registration
Incorporation application then stamps
TOTAL 1 day
796

2. Articles of Incorporation (for stock and non-stock corporations)

Computation of filing fee: www.sec.gov.ph/wp-

RESPONSIBLE
797
RESPONSIBLE
2. Fill-out all the details needed and submit 2. System assigns the None 1-3 days Name Verification
2.1. Whether name is

approved or Securities Specialist
disapproved, the name II/
verification officer Securities Specialist
assigns the application I
to a processor
2.2. Processor determines

whether the details of
the application is in
accordance with the
Revised Corporation
2.3. If the application is

uploads the Payment
in PDF file to the system.
If the application is
disapproved, the
processor inputs the
comments in the system.
798
RESPONSIBLE
The system will send the
PAF or the comments to
the email of the
applicant/registrant.
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock corporation 5 minutes Cashier
copies of signed and notarized documents filing fees, issues a receipt based on the
3.1. Processor reviews the 1% of the authorized
documents submitted. If capital stock but not 30 minutes Securities Specialist
approved, the less than PHP 2,000 II/ Securities
registration documents or the subscription Specialist I
are forwarded to the price of the
Receiving Officer. If subscribed capital
returned to the Without par value: 1/5 15 minutes
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
799
RESPONSIBLE
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and stamps None 5 minutes COS
forwards to the Processor for
800
RESPONSIBLE
4.1. Enters company name in 5 minutes COS

prints Certificate

the application with 10 minutes Securities Counsel I
4.3. If compliant, signs the

Certificate
4.4. If non-compliant, returns EO Director

documents to the
processor, then to the
party/client
5. Presents Official Receipt to secure the 6. Enters company name in the None 10 minutes Frontline Staff/COS
Certificate of Incorporation and signs the Masterlist and releases the
logbook as proof of receipt of the Certificate Certificate together with
receipt
TOTAL For stock corporation 3 days
based on the
801
RESPONSIBLE
authorized capital
stock:
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
By-Laws for both
stock and non-stock
corporations: PHP
1,000
Articles of
802
RESPONSIBLE
stock corporation:
PHP 1,000
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
803
(R.A. No. 11232)


Computation of filing fee: www.sec.gov.ph/wp-

RESPONSIBLE
804
RESPONSIBLE
2.1. Whether name is
approved or
disapproved, the name
verification officer
assigns the application
to a processor
2.2. Processor determines

whether the details of 1-3 days
the application is in Securities Specialist
accordance with the II/
Revised Corporation
Code and other pertinent Securities Specialist
rules and regulations I
2.3. If the application is

uploads the Payment
in PDF file to the system.
If the application is
disapproved, the
processor inputs the
comments in the system.
The system will send the
PAF or the comments to
the email of the
applicant/ registran
805
RESPONSIBLE
3. Pays the filing fees and submits the hard 3. Receives the payment for For stock corporation 5 minutes Frontline Staff/COS
copies of signed and notarized documents filing fees, issues a receipt based on the
3.1. Processor reviews the 1% of the authorized
documents submitted. If capital stock but not 30 minutes Securities Specialist
approved, the less than PHP 2,000 II/
registration documents or the subscription
are forwarded to the price of the Securities Specialist
Receiving Officer. If subscribed capital I
returned to the Without par value: 1/5 15 minutes
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
Articles of
stock corporation:
PHP 1,000
806
RESPONSIBLE
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00

name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
than Ten Pesos (PHP
10.00)
4. Submits the proof of payment and 4. Officially receives and stamps None 5 minutes Frontline Staff/COS

prints Certificate 5 minutes COS
807
RESPONSIBLE
the application and 10 minutes Securities
supporting documents Specialists II/
4.3. If compliant, signing of I
the Certificate of
Registration (COR)
documents returned to
the processor, then to EO Director
the party/client
Certificate of Incorporation and signs the Masterlist and releases the Assistant II/ EO
receiving logbook as proof of receipt of the Certificate together with Frontline Staff/COS
receipt
TOTAL For stock corporation 3 days
based on the
authorized capital
stock:
808
RESPONSIBLE
less than PHP 2,000
or the subscription
price of the
subscribed capital
stock whichever is
higher
of 1% of the
authorized capital
stock computed at
PHP 100 per share
2,000 or the issue
value of the
subscribed capital
stock whichever is
higher
Foreign Investments
Act (FIA) Form 100:
PHP 3,000.00
Company Name
Reservation: PHP
100.00
name/s: PHP 100.00
Documentary Stamp
Tax: PHP 30.00
Legal Research Fee
(LRF): 1% of the
809
RESPONSIBLE
than Ten Pesos (PHP
10.00)

Cover Sheet (2 original; 1 photocopy) CRS-generated
Signed & notarized Articles of Partnership (1 original; 2 CRS-generated
photocopies)
Tax Identification Numbers (TIN) of Filipino partners including Bureau of Internal Revenue (BIR)
domestic partnership (to be written in the Articles of Partnership
Tax Identification Numbers (TIN) or passport numbers of foreign
partners (to be written in the Articles of Partnership and applicable Bureau of Internal Revenue (BIR)
document/s)
Proof of existence of foreign company (if a partner in the
partnership agreement is signed in the home country) http://www.sec.gov.ph/wp-content/uploads/2015/01/Minimum-Paid-Up-
Board Resolution of the Foreign Company authorizing it to be a Capital_Final1.pdf
partner in a Contract of Partnership (Authenticated/Apostilled
Document) and designating the authorized signatures
810
Minimum paid-up
If there are one (1) or more foreign partners CRS-generated
Signed & notarized F-105 (Foreign Investments Act Application
Form)
If documents were signed in a foreign jurisdiction,
If applicable, Endorsement/Clearance from other government BUSINESS ACTIVITIES REQUIRING ENDORSEMENTS FROM OTHER



account if inactive
811
1.2. Verifies, reserves, or 1.2. System approves/denies 10 minutes

1.3. If approved, proceeds 1.3. System approves the

with the encoding of proposed name/s
company information
1.4. Approves the appeal 30 minutes Name Verification Officer
1.4. *Reservation of
proposed company 1.5. Denies the appeal
name expires on the 4th
day if in-forms are not 1.6. None
filled up
1.7. System acknowledges
1.5. If denied, avails online submission of
appeal of rejected documents
names by uploading
appeal letter and/or
information

CRS generated
documents
812
2. Waits for the evaluation of 2. Evaluates uploaded None 1-6 hours per Securities Specialist II/ Securities
submitted documents documents application Specialist I

incomplete or with

the documentary
requirements

GCash or Landbank
then uploads
documentary
CRS

Order of Payment
813

(PAF)
4.1. If at SEC Head Office or
Extension Office, 4.1. Presents PAF to the 5 minutes Securities Specialist II / Securities
presents the Order of assigned CRS processor Specialist I
Payment for his/her
initial/signature
4.2. *Brings the documentary
requirements 4.2. Issues machine- 1 minute
validated Oncoll
4.3. If at any SEC-accredited Payment Slip/s
Landbank branches,
Payment
5. Presents the PAF at the SEC 5. Accepts payment and issues a) Articles of 5 minutes Cashier
fees machine-validated Payment of the Partnership’s
Assessment Form capital but not less
than PHP 2,000.00
plus
1% Legal Research
than PHP 20.00.
PHP 100.00 for each
trade name, if
applicable;
814
c) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00
5.1. Upon payment, 5.4. Uploads the proof of None 2 minutes Frontline Staff/
payment and COS
5.2. Proceeds to SEC-EO for documentary
the uploading of proof of requirements
payment and
documentary
requirements; or

payment and
documentary
requirements in CRS
6. Gets a number and proceeds 6. Calls the number None 1 minute Frontline Staff/
to the EO Counter COS
6.1. Checks the
6.1. Submits three (3) sets of completeness of the 5 minutes
2 photocopies) at the least one original set of
CRMD Receiving the application
Section
815

of Registration
7. Waits for the release of the 7. Checks the uploaded proof of None 5 minutes Securities Specialist II/
signed Certificate payment and documentary
requirements
7.1. If complete and 5 minutes Securities Specialist I

compliant, tags the
“For Receiving”
7.2. If incomplete and/or non- 5 minutes

application to the

7.4. Retrieves the hard 5 minutes Frontline Staff/COS
Analyst
816

through CRS and
payment and
documentary
requirements to the

10 minutes Director

for compliance.
5 minutes Frontline Staff/COS
Registration Records
(URRs) of the
to the EO Counter
8. Gets a number and proceeds 8. Calls the number None 1 minute Frontline Staff
to the EO Counter
8.1. Presents original proof of 8.1. Releases Certificate and 5 minutes

payment to the EO URR to the applicant
Certificate and URR
817

than PHP 2,000.00
plus
1% Legal Research
than PHP 20.00.
PHP 100.00 for each
trade name, if
applicable;
c) Documentary
Stamp – PHP 30.00
the Foreign
– PHP 3,000.00
818
This service details the procedure on Regular Monitoring of Domestic Corporations (Ordinary Stock and Non-Stock).

1. Copy of the Latest due Financial Statements and To be provided by client
any amendments thereto (duly stamped
received by BIR and SEC)
2. Copy of the Latest due General Information
Sheet and any amendments thereto (duly
stamped received by SEC)
3. Copy of the Certificate of Incorporation and
latest Certificate of filing of Amended Articles or
By-laws (if any) together with copies of the
latest Articles of Incorporation and By-laws
4. Copy of Registration of Stock and Transfer
Book/Membership Book
5. Copy of the latest Confirmation of Payment
(COP), if any
6. Other documents (per monitorer's instructions) Public Assistance and Complaint Desk/EO Counter
such as:
7. Secretary's Certificate explaining the double
filing of General Information Sheet;
8. Secretary's Certificate of No Intra-Corporate
Dispute;
9. Secretary's Certificate (Clarification)

819
10. Affidavit of the Corporate Secretary (Anti-
Dummy Law/One and the Same/Auditor);
11. General Formal for Financial Statements when
the gross revenue/total assets exceeds Five
Million Pesos (P5,000,000)
12. OGA's Acknowledgement on Functional
Currency
1. Submits completely 1. Pre-evaluates required documents None 15 minutes Frontline Staff/COS

filled-up "Request for
Monitoring" and the 1.1. If documents are not complete, Guidelines on the
required documents the same are returned together Imposition of fines or
with the checklist of the penalties for
requirements; noncompliance with
reportorial
1.2. If the documents are complete the requirements;
request is accepted and assigned Memorandum Circular
to monitoring staff the proposed No. 8, series of 2009
name/s (MC8-2009); Amended
rules governing the
1.3. Determines compliance, profits of corporation; 30-45 minutes on Administrative Assistant II
deficiencies and violations, and Memorandum Circular average per corporation
prepares the Monitoring No. 8, Series of 1998
Assessment Sheet (MSh) (MC8-1998); and
Series of 2010
820
2. Returns on assigned 2. Presents the findings to the applicant None 1-2 days Administrative Assistant II
day, and if is
agreeable to the 2.1. If there are no deficiencies, the
findings presented, MSh prepared by the Monitoring EO Director
signs the MS Staff will indicate such finding with
computation of penalties and will
be directly submitted to the EO
Director for signing
3. Pays the assessed 3. Receives payment of assessed fines None 10 minutes Cashier
fines and penalties and penalties and issues official receipt
TOTAL Guidelines on the 2 days
Imposition of fines or
penalties for
noncompliance with
reportorial
requirements;
Memorandum Circular
(MC8-2009); Amended
rules governing the
Memorandum Circular
(MC8-1998); and
Series of 2010
821
LIST OF EXTENSION OFFICES

SEC CONTACT CENTER
The Securities and Exchange Commission (SEC) Main Office, Satellite Offices and Extension Offices will continue to operate at limited capacity and
implement alternative work arrangements while quarantine measures remain in place across the country due to the COVID-19 pandemic.
In the meantime, the public may reach the Commission through the following email addresses and interim hotline numbers for queries and other
concerns during office hours. The Commission will set up more interim hotlines and update the SEC Contact Center accordingly.
EXTENSION OFFICE EMAIL ADDRESS INTERIM HOTLINE

SEC Baguio [email protected] (074) 309-5804
SEC Tarlac [email protected] [email protected] (045) 491-0140
SEC Legazpi [email protected] (052) 480-8272
(+63) 929-883-1917
SEC Cebu [email protected] (032) 416-9339
[email protected] (032) 253-5337
SEC Bacolod [email protected] [email protected] (034) 445-5714
SEC Iloilo [email protected] (033) 337-9984

(033) 335-0025
SEC Cagayan de Oro [email protected] [email protected] (088) 857-4325
(+63) 945-708-8317
SEC Davao [email protected] (+63) 915-327-4459
(+63) 933-455-3547
SEC Zamboanga [email protected] (062) 991-7163
(062) 993-1437
(+63) 977-671-5853

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2020

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 2

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 3

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 4

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 5

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 6

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 7

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 8

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 9

3/F Newton Square, Navy Base Road,

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 10

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 11

A. Banks, Pawnshops and other Financial Intermediaries with Quasi-

B. Insurance/Mutual Benefit Association/ Health Maintenance

C. Money Changer and Remittance Services- Bangko Sentral ng Pilipinas

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 12

2.1.2. If documents are

2.1.3. Returns documents to

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 13

3.1. If compliant, issues Payment

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 14

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 15

6.1. Signs the Certificate of Amended 10 minutes per

6.2. Encodes signed Certificate of None Administrative Assistant II

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 16

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 17

Office or Division: SEC Baguio Extension Office (SEC-BEO)

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 18

CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON

1.2. If name is rejected,

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 19

2.2. If documents are incomplete:

2.2.1. Returns documents to clients

3.2. If non-compliant, issues a checklist

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 20

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 21

6.1. Signs the Certificate of Amended 10 minutes per EO Director

6.2. Encodes signed Certificate of 10 minutes per Administrative Officer III

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 22

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 23

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 24

Office or Division: SEC Baguio Extension Office (SEC-BEO)

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 25

2.1.1. If for compliance, records

2.2. Advises the client when to follow 5 minutes Frontline Staff

2.3. Examines whether the Within 3 days Securities Counsel I

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 26

2.5.1. If approved for filing, orders

2.5.2. If not approved, returns the

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 27

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 28

Office or Division: SEC Baguio Extension Office (SEC-BEO)

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 29

iii. SUBSCRIPTION CONTRACT executed under oath among

Note: Per Memorandum Circular No. 11 Series of 2016

iv. For RURAL BANKS:

CITIZEN’S CHARTER 2020 (1ST EDITION) SEC EXTENSION OFFICES 30

CLIENT STEPS AGENCY ACTIONS FEES TO BE PROCESSING TIME PERSON RESPONSIBLE

2.1. For first time applicants,