When must a licensed foreign corporation deposit additional securities with the SEC?
The SEC shall require the licensee to deposit additional securities if the licensee’s gross income for a fiscal year exceeds Ten million pesos (P10,000,000.00) (SEC. 143, Revised Corporation Code of the Philippines). The additional deposit required must be equivalent in actual market value to two percent (2%) of the amount by which the gross income exceeded the Ten million peso threshold. Additionally, the SEC shall require an additional deposit if the actual market value of the previously deposited securities has decreased by at least ten percent (10%) of their actual market value at the time they were originally deposited. These requirements ensure the deposit remains sufficient relative to the corporation’s size and protects local creditors.
02 November 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/.
