April 29, 2020
SEC MEMORANDUM CIRCULAR NO. 16-20
| TO | : | All Concerned |
| SUBJECT | : | Guidelines on Authentication of Articles of Incorporation in Applications for Registration of New Domestic Corporations |
WHEREAS, Section 13 of Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, requires corporations to file with the Securities and Exchange Commission, hereinafter referred to as the "Commission," Articles of Incorporation, duly signed and acknowledged or authenticated, in such form and manner as may be allowed by the Commission;
WHEREAS, documents filed with a government office pursuant to a provision of law become public documents;
WHEREAS, bolstering ease of doing business in the Philippines, particularly with respect to starting a new corporate business, will be beneficial to the economy and may improve the business climate in the country;
WHEREFORE, as the gateway to doing business in the Philippines, the Commission resolved to adopt the following guidelines on the authentication of Articles of Incorporation for easy company registration:
SECTION 1. Scope. — These guidelines shall apply to the registration of new domestic corporations.
SECTION 2. Authentication by Incorporators. —...
