What happens if a corporation fails to submit reportorial requirements to the3 SEC three times?
If a corporation fails to submit the required reportorial documents three (3) times, consecutively or intermittently, within a period of five (5) years, the SEC may place the corporation under delinquent status (SEC. 177, Revised Corporation Code of the Philippines). This administrative action serves as a sanction for non-compliance with statutory reporting duties. Prior to placing companies under special regulatory jurisdiction into delinquent status, the SEC is required to give reasonable notice and coordinate with the appropriate regulatory agency. This ensures that regulatory actions are harmonized and special industry oversight is considered.
30 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
