Finality of the Revocation Orders
SEC Memorandum Circular No. 1, s. 2012 • Securities and Exchange Commission • Memorandum Circulars • Mar 8, 2012
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March 8, 2012 SEC MEMORANDUM CIRCULAR NO. 1, S. 2012 TO : All Concerned SUBJECT : Finality of the Revocation Orders This Circular covers corporations registered from 1936 to 2000 whose certificates of registration were revoked by the Commission for failure to comply with the reportorial requirements. aATEDS Considering that the Commission has, on several occasions, extended the periods within which the corporations concerned may file petitions to set aside such revocation, the Commission resolved to extend for the last time the period within which such corporations may file their petition in accordance with the following schedule: Year Date of Order Date of Revocation Deadline to File Registered Petition to Lift Order of Revocation 1936-1966 * April 22, 2003 May 26, 2003 December 31, 2013 1967-1975 May 27, 2003 July 2, 2003 December 31, 2013 1976-1984 July 8, 2003 August 11, 2003 December 31, 2013 1985-1991 August 20, 2003 September 29, 2003 December 31, 2013 1992-1995 September 30, 2003 November 3, 2003 December 31, 2013 1996-1997 February 10, 2004 March 15, 2004 December 31, 2014 1998-1999 ** October 25, 2005 December 1, 2005 December 31, 2015 2000 ** June 27, 2006 August 2, 2006 December 31, 2016 * Except those registered from 1936 to 1961 whose term expired and was not extended ** Order includes non-commencement of charter within two years from the date of incorporation and continuous inoperation for at least 5 years Failure to file the said petitions within the periods indicated above shall mean that the orders of revocation can no longer be lifted nor set aside. All affected corporations are advised to come to the Compliance Monitoring Division of the Company Registration and Monitoring Department of the Commission 2nd Flr., at the SEC Bldg., EDSA, Greenhills, Mandaluyong City or the nearest SEC-Extension Office, during working hours. Mandaluyong City, Philippines. (SGD.) TERESITA J. HERBOSA Chairperson
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