NOTICE: Amendment of Requirements for Applications to Decrease Capital Stock

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#gsc.tab=0