Frequently Asked Questions: SEC
Q: What is the SEC?
SEC is the Securities and Exchange Commission. It is responsible for the registration of securities, evaluation of the financial condition and operations of the organization for security issue. It is an agency under the Office of the President of the Philippines.
Q: Are NGOs required to be registered at SEC?
Yes, an NGO must be registered at SEC.
Q: How can I register?
There are two ways: you can register at the SEC Verification Unit, located at the SEC Building, EDSA, Greenhills, Mandaluyong City, right across the Philippine Overseas Employment Administration (POEA) and the EDSA Shrine.
Or you can go online and use the SEC-iRegister, which is easier and more convenient.
After paying the reservation fee, you get a name verification slip — this is one of the main requirements.
Q: What do I need to register at SEC?
Name verification slip, articles of incorporation, bylaws, affidavit, list of members, list of donors, a notarized certificate of bank deposit of no less than Php1,000,000, and statement of willingness to allow the SEC to conduct an audit.
Q: How long does the SEC registration take?
Assuming that all required documents are submitted and all information therein provided is in order, applications for registrations of new corporation/partnerships with the SEC are processed within an approximate of 7 days from date of filing.
Q: How much does the SEC registration cost?
Filing fee and Legal Research Fee (LRF) are dependent on the Authorized Capital stocks.
Please refer to the SEC Fees calculator for the calculation of the Registration Fee of Stock Corporation