THE Securities and Exchange Commission (SEC) on July 13, 2023 published a notice requesting the public to comment on the draft guidelines on the creation or increase of additional paid-in capital (APIC) pursuant to its mandate to supervise all corporations and persons acting on its behalf in the Philippines.
As a response to preventing stock watering or issuing stocks for an amount less than its par value, the guidelines cover all stock corporations' issuance of shares for cash at more than par value that will result in APIC or the creation of APIC without issuing new shares.
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