General Information Sheet

General Information Sheet is an annual document submitted to the SEC that contains information about a company’s corporate profile such as type of corporation, date of registration, date of annual meeting, principal office address, stockholder information, name of external auditor and other related information.

SEC is mandated by the Corporation Code and the Securities Regulation Code to regulate corporate sector. Thus, SEC collects from incorporators, stockholders, directors, trustees, officers, beneficial owners, external auditor, notary public, personal information such as but not limited to full name, signature, nationality, sex, address, accreditation number, roll of attorney number and taxpayer information number. Some of the information is acquired through the submitted and filed General Information Sheet (GIS) forms and related paper documents.

The collected personal information will be utilized for regulatory purposes to ensure full and timely disclosure of material information, protect the investors, and minimize if not eliminate fraudulent or manipulative devices and practices that create distortion in a free market.

Furthermore, SEC, as a supervising authority, is mandated to contribute in effectively implementing the provisions of Anti-Money Laundering Act, and to obtain, keep and make accessible information necessary to detect and prevent money laundering and terrorist financing in the country.

Also, information provided in the GIS must be true, accurate, timely and complete.

DEADLINE AND VENUE FOR FILING

All corporations shall file their GIS at the SEC Head Office or at one of the SEC satellite or extension offices within 30 calendar days from:

(a) Stock Corporations – date of actual annual stockholders’ meeting
(b) Non-Stock Corporations – date of actual annual members’ meeting
(c) Foreign Corporations – anniversary date of the issuance of the SEC License.

PENALTIES