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[DatePublished] => 2004-03-23 00:00:00 [ColumnID] => 135040 [Focus] => 0 [AuthorID] => 1488513 [AuthorName] => Margaret Jao-Grey [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 236089 [Title] => SEC tightens rules on non-profit organizations [Summary] => In line with efforts to curb fly-by-night foundations, the Securities and Exchange Commission (SEC) has tightened the registration requirements for non-stock, non-profit organizations.
In a circular issued yesterday, the SEC cited the need to ensure that donations are utilized according to the foundations’ purposes as stated in their articles of incorporation.
[DatePublished] => 2004-01-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 234607 [Title] => SEC requires 30-day period for registration of shares under FIA [Summary] => The Securities and Exchange Commission (SEC) has ruled that any application for registration under the Foreign Investments Act (FIA) resulting from the issuance of shares of stocks shall be filed within 30 days from the transfer of such shares.
Previously, the SEC had no policy on the period of time within which to file FIA application when the same is either the result of an issuance of shares of stocks out of the unissued portion of the authorized capital stock or through transfer of shares.
[DatePublished] => 2004-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 218596 [Title] => SEC threatens to revoke licenses of erring firms [Summary] => The Securities and Exchange Commission has directed corporations that failed to submit reportorial requirements for the past six consecutive years to settle their deficiencies by end-September this year or face the revocation of their registration.
The SEC has called on these delinquent corporations to appear before the agency’s Company Registration and Monitoring Department (CRMD) within 30 days from date of publication of order to show cause why their certificates of registration should not be revoked.
[DatePublished] => 2003-08-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 214176 [Title] => SEC set to cancel licenses of 240,000 erring firms [Summary] => Tightening its guard against delinquent corporations, the Securities and Exchange Commission is set to cancel the registration certificates of more than 240,000 firms for their failure to comply with the agency’s reportorial requirements.
The companies registered between 1936 to 1995 came under fire from the SEC for chronic violation of the rules on the submission of financial statements and general information sheets and for failure to pay the corresponding fines for the violations committed.
[DatePublished] => 2003-07-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
[DatePublished] => 2004-03-23 00:00:00 [ColumnID] => 135040 [Focus] => 0 [AuthorID] => 1488513 [AuthorName] => Margaret Jao-Grey [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 236089 [Title] => SEC tightens rules on non-profit organizations [Summary] => In line with efforts to curb fly-by-night foundations, the Securities and Exchange Commission (SEC) has tightened the registration requirements for non-stock, non-profit organizations.
In a circular issued yesterday, the SEC cited the need to ensure that donations are utilized according to the foundations’ purposes as stated in their articles of incorporation.
[DatePublished] => 2004-01-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 234607 [Title] => SEC requires 30-day period for registration of shares under FIA [Summary] => The Securities and Exchange Commission (SEC) has ruled that any application for registration under the Foreign Investments Act (FIA) resulting from the issuance of shares of stocks shall be filed within 30 days from the transfer of such shares.
Previously, the SEC had no policy on the period of time within which to file FIA application when the same is either the result of an issuance of shares of stocks out of the unissued portion of the authorized capital stock or through transfer of shares.
[DatePublished] => 2004-01-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 218596 [Title] => SEC threatens to revoke licenses of erring firms [Summary] => The Securities and Exchange Commission has directed corporations that failed to submit reportorial requirements for the past six consecutive years to settle their deficiencies by end-September this year or face the revocation of their registration.
The SEC has called on these delinquent corporations to appear before the agency’s Company Registration and Monitoring Department (CRMD) within 30 days from date of publication of order to show cause why their certificates of registration should not be revoked.
[DatePublished] => 2003-08-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 214176 [Title] => SEC set to cancel licenses of 240,000 erring firms [Summary] => Tightening its guard against delinquent corporations, the Securities and Exchange Commission is set to cancel the registration certificates of more than 240,000 firms for their failure to comply with the agency’s reportorial requirements.
The companies registered between 1936 to 1995 came under fire from the SEC for chronic violation of the rules on the submission of financial statements and general information sheets and for failure to pay the corresponding fines for the violations committed.
[DatePublished] => 2003-07-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
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