(NAR) VOL. 25 NO. 3 / JULY - SEPTEMBER 2014
Whereas, prior to the issuance of SEC Memorandum Circular No. 3, series of 2006, the Commission had allowed registrant corporations and partnerships to indicate in their principal office address only the name of the city, town or municipality where they conduct business, and considered “Metro Manila" as a principal office address;
Whereas, on 16 February 2006, the Commission issued the abovementioned Circular directing registrant-corporations and partnerships to state in their Articles of Incorporation or Articles of Partnership, the specific address of their principal office, which shall, include, if feasible, the street number, street name, barangay, city or municipality; and that “Metro Manila” shall no longer be allowed as address of the principal office;
Whereas, on 20 February 2014, the Commission issued SEC Memorandum Circular No. 6, series of 2014, directing existing corporations and partnerships whose articles of incorporation or articles of partnership still indicate a general address as their principal office address, such as a city, town or municipality, or “Metro Manila”, to file, on or before 31 December 2014, an amended articles of incorporation or amended articles of partnership, as the case maybe, in order to specify their complete addresses, such that it has a street number, street name, barangay, city or municipality, and if applicable, the name of the building, the number of the building, and name or number of the room or unit.
Whereas, to ease the burden on the part of affected corporations and partnerships in effecting an amendment of their articles whenever they transfer or move to a new location, the following guidelines shall be observed:
This Circular shall take effect on 01 January 2015 after its publication in a newspaper of general circulation.
Mandaluyong City, Philippines.
August 13, 2014.
(SGD) TERESITA J. HERBOSA
Chairperson