About this document
2026MC SEC MC No.10, Series of 2026 Guidelines On The Compliances of One Person Corporations (OPCs) 1 by Legal Group is a document available to read on EtoBox.
The SEC Memorandum Circular No. 10 outlines compliance guidelines for One Person Corporations (OPCs) in the Philippines, detailing requirements for the appointment of officers, submission of financial statements, and penalties for non-compliance. It establishes a scale of fines for late or non-filing of reports and mandates the posting of bonds for treasurers. Additionally, it addresses transitory provisions for existing OPCs and clarifies that by-laws are not required for OPCs.
- Author
- Legal Group
- Language
- EN