January 20, 1997
SEC-AFD * MEMORANDUM
| TO | : | All SEC Employees |
| FROM | : | The Chairman |
| SUBJECT | : | SOP on Registration of Stock and Transfer Book and Membership Book |
Consistent with the One-Stop Customer Service Concept being implemented at the Commission today, the registration of Stock-and-Transfer Book and Membership Book shall now be handled by the Records Division/Central Receiving Unit as adopted by the Commission En Banc on January 16, 1997. Compliance monitoring, however, shall still be a function of the Supervision and Monitoring Department (SMD). prcd
The procedures to implement the above concept are embodied in the attached SOP. Highlights of the SOP are as follows:
1. A standard application form for registration shall be used. This shall be submitted by the Company to the Central Receiving Unit. SEC recognizes the signature of only the following officials:
a. For first time registration of newly registered companies, by any Incorporator per approved Articles of Incorporation.
b. For subsequent registrations, the duly designated Corporate Secretary/Assistant Secretary.
For the convenience of newly registered companies, the STB/MB registration form shall be included in the package of Express...
