SEC issues guidelines on the extension of the deadline for submission of 2020 Annual Reports and/or Audited Financial Statements of companies with fiscal year ending 31 January 2020 to 30 April 2020, including applicable quarterly reports.
The Securities and Exchange Commission issued SEC Memorandum Circular N0. 17 Series of 2020, dated 07 May 2020, providing an extension of the deadline for submission of 2020 Annual Reports and/or Audited Financial Statements of companies with fiscal year ending 31 January 2020 to 30 April 2020, including applicable quarterly reports. This inline with the Office of the President’s declaration of state of public emergency and Bayanihan to Heal as One Act.
Extension of Deadlines for Annual Reports:
1. Companies with fiscal years ending 31 January 2020 to 31 March 2020 are given 60 calendar days extension from the regular filing dates.