April 6, 2021 | 12:03 am
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PEXELS.COM/BURST
THE Securities and Exchange Commission (SEC) extended the general information sheet (GIS) submission deadline to give corporations time to adjust to the online submission tool and as the country’s strict lockdown measures are extended.
“The adjusted deadline applies to stock corporations, which held their annual stockholders’ meetings prior and during the enrollment period for the newly launched SEC Online Submission Tool (OST),” the corporate regulator said.
The enrollment period for the online portal will run from March 15 until Dec. 15. Stock corporations are required to use the OST beginning this year, while nonstock corporations have until 2022 before they are required to enroll and use the platform.