News and Updates

 SEC Memorandum Circular (MC) No. 13, Series of 2024, providing for the 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐧 (𝐄𝐂𝐈𝐏)

Under ECIP, non-compliant corporations, including those placed under “delinquent” status, may settle for P20,000 only their unassessed or unpaid fines and penalties for the non-filing or late submission of their annual financial statements (AFS), General Information Sheet (GIS) and compliance with SEC Memorandum Circular No. 28, Series of 2020 in previous years.

Meanwhile, suspended and revoked corporations, including those with pending petitions for the lifting of the suspension or revocation order issued against them, may settle only 50% of their assessed fines and pay the petition fee of P3,060.

Don't miss this opportunity! Applications will be accepted until November 30, 2024 only.

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