Amendment of Guidelines and Procedures on the Use of Corporate and Partnership Names

July 18, 2018SEC MEMORANDUM CIRCULAR NO. 09-18TO : All Concerned   SUBJECT : Amendment of Guidelines and Procedures on the Use of Corporate and Partnership Names To prevent the formation of bogus organizations that could potentially misrepresent itself as an affiliate of an international governmental organization, and usurp the authority pertaining to said international governmental organizations, the Commission En Banc, in its meeting on 10 July 2018, resolved to amend SEC Memorandum Circular No. 14, series of 2017 (Consolidated Guidelines and Procedures on the Use of Corporate and Partnership Names) as follows: 1. A new paragraph designated as number eight (8) is hereby introduced to read as follows:"8. The name of an international governmental organization, such as "International Criminal Police Organization" (INTERPOL), "International Monetary Fund" (IMF), and "International Labour Organization" (ILO), may not be used as part of a corporate or partnership name unless when duly authorized or allowed by the Commission."2. The succeeding paragraphs shall be renumbered accordingly.This Memorandum Circular shall take effect immediately. CAIHTEJuly 18, 2018, Pasay City, Philippines.(SGD.) EMILIO B. AQUINOChairperson