September 7, 1976
RULES ON UNIFORM LISTING
For the purpose of having uniform listing in the Commercial/Industrial, Big or Main, and Small Boards of the operating stock exchanges, to avoid confusion that may arise as a result of variations therein, and in the interest and for the protection of investors, the Commission, pursuant to the powers vested in it under existing laws, hereby promulgates the following rules: Cdpr
1. Commercial/Industrial Board — Corporations falling under the general category of financial, commercial or industrial firms, or those which are not engaged in mining or oil ventures, applying for the listing of their securities in the stock exchanges shall be listed in the Commercial/Industrial Board and must comply with the following requirements:
a) The company whose shares or securities are sought to be listed must be in actual operation;
b) Par value of shares must be at least P1.00;
c) Issuer company must have at least 300 stockholders for mining or oil companies, 100 for all other companies, 15 stockholders for banks,.
d) There must be so many shares fully paid the aggregate...
