Finality of the Mass Revocation Orders
SEC Memorandum Circular No. 15-09 • Securities and Exchange Commission • Memorandum Circulars • Nov 5, 2009
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November 5, 2009 SEC MEMORANDUM CIRCULAR NO. 15-09 TO : All Concerned SUBJECT : Finality of the Mass Revocation Orders In the interest of public service and taking into consideration the recent natural calamities, the Commission resolved in its meeting on October 22, 2009 to extend by one (1) year the period within which corporations whose certificates of registration were revoked for failure to comply with the reportorial requirements to file petitions to lift the revocation order. Year Date of Date of Deadline to File Registered Order Revocation Petition to Lift Revocation 1936-1966* April 22, 2003 May 26, 2003 May 26, 2010 1967-1975 May 27, 2003 July 02, 2003 July 02, 2010 1976-1984 July 08, 2003 August 11, 2003 August 11, 2010 1985-1991 August 20, 2003 September 29, 2003 September 29, 2010 1992-1995 September 30, 2003 November 03, 2003 November 03, 2010 1996-1997 February 10, 2004 March 15, 2004 March 15, 2011 1998-1999** October 25, 2005 December 01, 2005 December 01, 2012 2000** June 27, 2006 August 02, 2006 August 02, 2013 * Except those registered from 1936 to 1953 whose term expired; ** Order includes non-commencement of charter within two years from the date of incorporation and continuous inoperation for at least five years. Failure to file the Petitions to Set Aside the Order of Revocation with the Commission within the periods cited above shall render the revocation orders final and executory. To verify on whether or not a corporation is covered by this Circular, please visit the Law and Regulation Division of the Company Registration and Monitoring Department at the 3rd Floor, SEC Building, EDSA-Greenhills, Mandaluyong City. DCASIT Mandaluyong City, Philippines. November 5, 2009. (SGD.) FE B. BARIN Chairperson Published in The Philippine Daily Inquirer and the Business Mirror on November 9, 2009 .
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