SEC – LLB and Associates

SEC sets deadline for 2024 submission of annual reports

Please see attached for your reference.

Statement from PICPA – Supreme Court Ruling on Finality of CPA Accreditation with SEC

Please see attached for recent update on the subject.

SEC – Non-Imposition of Fines and Other Monetary Penalties for Non-Filing, Late Filing and Failure to Comply with Compulsory Notification and other Reportorial Requirements

The SEC issued MC No. 31 dated November 5, 2020, on the non-imposition of Fines and Other Monetary Penalties for Non-Filing, Late Filing and Failure to Comply with Compulsory Notification and other reportorial requirement like GIS and AFS.

Conversion of Corporations Either to One Person Corporation or to Ordinary Stock Corporation

The SEC has issued Memorandum Circular No. 27, series of 2020 on the Guidelines for the Conversion of Corporations either to One Person Corporation or to Ordinary Stock Corporation.