Scale of Fines for Filing/Submitting the General Information Sheet or Financial Statements Beyond the Prescribed Period

August 19, 1993SEC-SMD * MEMORANDUM CIRCULAR NO. 04-93The following modified scale of fines for filing/submitting the General Information Sheet or Financial Statements beyond the prescribed period as mandated by existing rules and regulations by non-stock corporations shall become effective within fifteen (15) days after its publication in a newspaper of general circulation.For strict compliance. cdphil (SGD.) ROSARIO N. LOPEZChairmanMODIFIED SCALE OF FINES FOR NON-STOCK CORPORATIONSFOR LATE FILING OF GENERAL INFORMATION SHEET (GIS) OR FINANCIAL STATEMENTS (F/S) (APPROVED BY THE COMMISSION ON AUGUST 12, 1993)____________________________________________________________________FUND BALANCE/EQUITY (Based on Latest Financial Statements) ____________________________________________________________________    UPto5,000 *Basic Fine plus P10/Month but not to exceed P250   for the yearly GIS & F/S Violations5,001—10,000 *Basic Fine Plus P10/Month but not to exceed P275   for the yearly GIS & F/S Violations10,001—50,000Basic Fine Plus P10/Month but not to exceed P300   for the yearly GIS & F/S Violations50,001—75,000Basic Fine Plus P10/Month but not to exceed P400   for the yearly GIS & F/S Violations75,001—100,000Basic Fine Plus P15/Month but not to exceed P500   for the yearly GIS & F/S Violations100,001—300,000Basic Fine Plus P20/Month but not to...