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SEC Fee Validity for GMA Amendment by Ghuilberth Eyts Pheelarh is a document available to read on EtoBox.

The Supreme Court ruled that SEC Memorandum Circular No. 2, Series of 1994, which imposed higher filing fees for extensions of corporate terms, was invalid because it was not properly published. SEC Circular No. 1, Series of 1986, which imposed lower filing fees, was the applicable regulation. While SEC has authority to set filing fees, the fees must be reasonable and imposed through a valid regulation. As Circular No. 2 was not published, it was an invalid exercise of SEC

Author

Ghuilberth Eyts Pheelarh

Language

EN