𝗡𝗢𝗧𝗜𝗖𝗘: 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁 𝗼𝗳 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗗𝗲𝗰𝗿𝗲𝗮𝘀𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗦𝘁𝗼𝗰𝗸

SEC releases an announcement on requirements for decrease of capital,

The Securities and Exchange Commission (SEC) no longer requires the written consent of each creditor for applications to decrease authorized capital stock filed via the Financial Analysis and Audit Department (FAAD). However, please be reminded that the publication requirement for such applications will be strictly enforced.

Read the full notice here: https://www.sec.gov.ph/notices/amendment-of-requirements-for-applications-to-decrease-capital-stock?fbclid=IwY2xjawMeTahleHRuA2FlbQIxMABicmlkETE5YUs3d1cxU2thUlhnblNBAR4Yrx-40ESfuOE7dWqPLWWS3mt7w-gywCvs2uHAwbyfwBD62RlJHVRscqRrRw_aem_sNdVYHSqF8Kjr3cJjxzb2Q