When is the deadline for a corporation to furnish a stockholder with its most recent financial statement upon written request?
A corporation is mandated to furnish a stockholder or member with its most recent financial statement within ten (10) days from receipt of their written request (SEC. 74, Revised Corporation Code of the Philippines). The financial statement provided must be in the form and substance required by the SEC’s financial reporting rules. If the total assets or total liabilities of the corporation are less than Six hundred thousand pesos (P600,000.00), the financial statements may be certified under oath by the corporation’s treasurer or chief financial officer, rather than being audited by an independent CPA. At the regular meeting, the board must present a full financial report of the previous year’s operations.
30 October 2025
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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/.
