SEC extends submission of e-mail address and cellphone numbers

Last Jan. 13, 2021, I wrote about the Securities and Exchange Commission's (SEC) notice dated Dec. 28, 2020, which further extended the timeline for the mandatory submission of e-mail address and cellphone numbers for transactions with the commission to Feb. 22, 2021, in order to ease the business operations of corporations, partnerships, associations and individuals, pursuant to SEC Memorandum Circular 28, series of 2020 (MC 28, s. of 2020).

In a notice issued by the commission on May 7, 2021, and in line with efforts toward the full implementation of its electronic filing and monitoring system in the transmission and receipt of all official transactions regarding incorporation, submission of reports, notices and documents required under Section 180 of Republic Act (RA) 11232, otherwise known as the "Revised Corporation Code," the SEC has announced that the previous deadline for compliance of MC 28, s. of 2020 by the above entities and individuals has, again, been extended, without penalty, until June 30, 2021. Hence, filing of the forms/notices beyond June 30, 2021 shall be considered as non-compliant and be subject to administrative penalties thereof.