SEC issues guidelines for filing of GIS and extends deadline for filing of AFS

SEC issues guidelines for filing of GIS and extends deadline for filing of AFS

Legal & Compliance

Jason Rudolf Arteche

Jason Rudolf Arteche

4 Sep 2020, 17:00 — 3 min read

The Securities and Exchange Commission (SEC) has further adjusted the deadlines for filing the General Information Sheet (GIS) and Audited Financial Statement (AFS) of corporations due to the community quarantine in a notice dated 11 August 2020.

A. Filing of GIS

Situation

Deadline to file GIS

The corporation held its annual stockholders’ or members' meeting during the Enhanced Community Quarantine and Modified Enhanced Community Quarantine

30 September 2020


B. Filing of AFS

Corporations shall strictly follow the filing schedule below regardless of the last digit of the corporation's SEC registration or license number.

Fiscal year ending of the corporation

Filing deadline

30 November 2019 or 31 December 2019

30 September 2020

31 January 2020

28 August 2020

29 February 2020

28 September 2020
31 March 2020 27 October 2020
30 April 2020 11 November 2020
31 May 2020 28 October 2020
30 June 2020 27 November 2020


C. Mode of filing the GIS and AFS

Submissions to the SEC Main Office shall be made only through courier or registered mail using the SEC Express Nationwide Submission (SENS) facility as follows:

  1. Accomplish the application form at https://sens.secexpress.ph;
  2. Print the generated mailing label, along with the checklist and undertaking form;
  3. Bring the printouts and documents to any courier or Philippine Postal Corporation; and
  4. Pay the corresponding courier fees.


Corporations should submit 3 copies of each report or 4 copies if they wish to receive a return copy.


For corporations headquartered outside the NCR, they may submit the AFS and GIS to the nearest SEC Extension in person, subject to any travel restrictions and public health protocols in its area. Corporations may likewise submit through courier or registered mail without using the SENC facility.


D. Requesting a return copy of the filed GIS and AFS

Corporations may request for their return copies by including in their submissions prepaid return envelopes with stamps. No request for return copies may be processed on the same day.


Alternatively, they may request for plain or authenticated copies of their AFS, GIS, and other documents through the SEC Express System at https://secexpress.ph 2 months after receipt.

Image source: Freepik

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