LAST week, I wrote a column regarding the extension of the deadline for the submission of general information sheet (GIS) under Securities and Exchange Commission (SEC) notice dated March 31, giving all stock and nonstock corporations 90 days from the date of their annual stockholders’ meeting or annual members’ meeting fixed in their bylaws or as determined by the board of directors/trustees to submit their GIS.

In a notice issued by the commission on April 8, the SEC announced that it will allow corporations enrolled in the newly launched online submission tool (OST) to submit electronically signed annual financial statements (AFS) while Metro Manila and nearby provinces remain under enhanced community quarantine (ECQ), for the period ended Dec. 31, 2020, and for other fiscal years ending this 2021 will be accepted through the OST.

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