SEC starts new online registration system eSPARC sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
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+ April 19, 2021 THE Securities and Exchange Commission (SEC) has launched the Electronic Simplified Processing of Application for Registration of Company (eSPARC) to facilitate faster and easier registration of corporations in the country
Starting April 19, the commission will accept and process under eSPARC all applications for registration of one person corporations (OPCs) and both stock and non-stock domestic corporations with at least two but not more than 15 incorporators who may either be natural persons, partnerships, associations or corporations.
The new company registration system, which can be accessed at https://secwebapps.sec.gov.ph/application, replaced the Interim Registration System, which was previously used for the registration of OPCs and corporations with two to four incorporators, as well as the Company Registration System (CRS) for domestic and foreign-owned corporations with at least five incorporators.
Accounting in a world reshaped by COVID-19
April 16, 2021 | 8:05 am
Special Features Writer
There are few things in history that have caused a titanic upheaval to modern society like the coronavirus disease 2019 (COVID-19). Aside from plunging the world economy into the worst global recession since the Second World War, according to the World Bank, the pandemic has also exacerbated the risks associated with a decade-long wave of global debt accumulation, as well as steepening the long-expected slowdown in potential growth over the next decade.
In his foreword to this year’s
Global Economic Prospects report, World Bank Group President David R. Malpass noted that “making the right investments now is vital both to support the recovery when it is urgently needed and foster resilience. Our response to the pandemic crisis today will shape our common future for years to come. We should seize the opportunity to lay the foundations for a durable, equitable, and sustainable global ec
SEC allows e-signature for financial statements submitted via online tool newsbytes.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbytes.ph Daily Mail and Mail on Sunday newspapers.
The Securities and Exchange Commission (SEC) will allow the submission of electronically signed annual financial statements (AFS) by corporations enrolled in the newly launched Online Submission Tool (OST).
This is while Metro Manila and nearby provinces are under enhanced community quarantin