August 18, 2016
SEC MEMORANDUM CIRCULAR NO. 13-16
| TO | : | All Concerned |
| SUBJECT | : | Guidelines on the Issuance of Certification of Paid-Up Capital |
The Commission En Banc, in its meeting of 11 August 2016, resolved to issue the Guidelines on the Issuance of Certification of Paid-Up Capital, as follows:
1. A certification of paid-up capital shall be issued upon request to be filed at the Company Registration and Monitoring Department (CRMD) and Extension Offices (EOs) of the Commission.
2. A certification of paid-up capital may be based on the following:
a) Audited Financial Statements (AFS) as of the last fiscal year stamped received by the Bureau of Internal Revenue (BIR) and Securities and Exchange Commission (SEC); or
b) Audited Interim Financial Statements duly received by the Commission; or
c) Articles of Incorporation, with reference to the paid-up capital in the Treasurer's Affidavit and as certified by the Treasurer-in-Trust; or
d) Latest Approved Certificate of Filing of Increase of Capital Stock, supported by a report of the Financial Analysis and Audit Division (FAAD) or Corporate and Partnership Registration Division (CPRD) of CRMD or by...
