As approved by the Commission en Banc, hereunder are the revised fees and charges for some applications, in addition to those fees approved on 23 July 2001, to be imposed and collected by the Securities and Exchange Commission.
A. Applications | Filing Fee |
1. Articles of Partnership
| 1/5 of 1% of the Partnership's capital but not less than P1,000.00 |
2. Increase of Capital of Partnership
| 1/5 of 1% of the increase in capital but not less than P1,000.00 |
3. Amended Articles of Partnership
| P1,000.00 |
4. Deed of Assignment of Partnership Interest
| P500.00 |
5. Articles of Dissolution of Partnership
| P500.00 |
6. Affidavit of Withdrawal of Partner
| P500.00 |
7. Articles of Incorporation of Non-stock corporation
| P500.00 |
8. By-Laws of both stock and non-stock corporation
| P500.00 |
9. Amended Articles of Incorporation of both stock & non-stock corporations.
| P500.00 |
10. Amended Articles of Incorporation where amendment consists of extending the term of corporate existence
| | 1/5 of 1% of the authorized capital stock but not less than P2,000.00 |
11. Amended Articles of Incorporation
| P2,000.00 |
| | Re: Conversion/Reclassificaiton of shares | |
12. Amended by-laws of both stock and non-stock corporation
| P500.00 |
13. Merger or consolidation of corporations
| | 1/5 of 1% of the equity of the absorbed corporation/s but not less than P3,000.00 |
(a) In merger, in case of simultaneous filing of application for increase of authorized capital stock by the surviving corporation
| | Filing fee for Increase in Capital Stock or the filing fee for Merger whichever is higher |
(b) In consolidation where the total equity of constituent corporations is different from the authorized capital of the consolidated corporation
| | 1/5 of 1% of total equity of the constituent corporations or the filing fee for Articles of Incorporation whichever is higher |
14. Valuation of Consideration for Shares of Stock
| | 1/5 of 1% of the amount of shares of stock to be issued but not less than P2,000.00 |
15. Application of Stock Foreign Corporations:
| 1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P2,000.00 |
| | a) branch office |
b) representative office
| 1/10 of 1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P2,000 |
16. Application of Non-Stock foreign corporation
| P2,000.00 |
17. Application for Area or Regional Headquarters
| P5,000.00 |
18. Application for Regional Operating Headquarters or petition for Conversion of an Area or Regional Headquarters into a Regional Operating Headquarters
| | 1% of the actual remittance but not less than 1% of peso equivalent of $200,000 at the time of remittance |
19. Petition for Amendment of License of a foreign corporation | | P2,000.00 |
20. Cancellation of license of a foreign corporation
| | P2,000.00 |
21. Cancellation of license of Regional Headquarters of multinational corporation
| | P1,0.00 |
22. Cancellation of license of Regional Operating Headquarters of multinational corporation
| | P2,000.00 |
23. Appointment of a Resident Agent or Substitute Resident Agent
| | P1,000.00 |
24. Revocation of Appointment of Resident Agent or Substitute Agent
| | P1,000.00 |
25. Amended Articles of Incorporation of a Foreign Corporation
| | P1,000.00 |
26. Amended By-Laws of a Foreign Corporation
| | P1,000.00 |
27. Filing fee for Petition to set aside Order of Suspension/Revocation
| | P1,000.00 |
28. Petition for Correction in Articles of Incorporation, By-laws or amendments thereto
| | P1,000.00 |
B. Public Reference Services | | Fees/Charges |
29. Reproduction of documents other than Articles of Incorporation, By-Laws, General Information Sheet, Increase in Capital Stock, Resolution, Secretary Certificate, Board Resolution, Registration Data Sheet and Deed of Assignment
| | P5.00/page plus P20.00/corporation |
30. Authentication of documens other than Articles of Incorporation, By-Laws, General Information Sheet, Increase in Capital Stock Resolution, Secretary Certificate, Board Resolution, Registration Data Sheet and Deed of Assignment
| | P5.00/page plus P20.00/document |
C. Preparation of statistical reports, company listings and related information on SEC-registered entities | | Fees/Charges |
31. Service Charge
| | P20.00 per transaction |
32. Computer usage/processing time
| | P2.00 per minute |
33. Special program fee for institutional/individual researchers
| | P500.00 per transaction |
34. Hard copyof documents with list containing various information such as address, industry classification, equity structure, etc.
| | P5.00 per page |
35. Soft copy of documents with list containing various information such as address, industry classification, equity structure, etc.
| | |
a. CD-RW media
| | P100.00 per piec |
b. 1.44 MB floppy diskette
| | P 50.00 per piece |
All other circulars, rules, orders and issuances, or part thereof inconsistent with this Memorandum Circular are hereby repealed or modified accordingly.
This circular shall take effect immediately after publication in a newspaper of general circulation.
Adopted: 25 March 2004
(SGD.) LILIA R. BAUTISTA
Chairperson
