SunStar
+ April 05, 2021 THE Securities and Exchange Commission (SEC) has extended the deadline for the submission of the General Information Sheet (GIS) to allow corporations to cope with the new rounds of enhanced community quarantine (ECQ) and the transition to an online submission system.
In a notice issued on March 31, the commission announced that all stock and non-stock corporations shall have 90 days from the date of the annual stockholders’ meeting or annual members’ meeting fixed in their bylaws or as determined by the board of directors/ trustees to submit their GIS.
For instance, a corporation that held its annual meeting on March 30 will have until June 28 to submit its GIS. Meanwhile, a corporation originally due to submit the report on or before March 12 will have an additional 60 days, or until May 11, to comply with the requirement.