CEBU CITY — The Securities and Exchange Commission - Cebu Extension Office has offered its clients an easy way to transact business during the enhanced community quarantine through its interim online registration system.
Lawyer Alma Marie Dalena, officer-in-charge of the SEC-CEO, said clients who are transacting on behalf of corporations with less than five incorporators, including the one-person corporations , can use the IORS via internet.
Dalena said the IORS “allows applicants or their duly authorized representatives to input the necessary data to complete their corporate profiles such as corporate name, address, authorized capital stock, directors, and other essential information.
In this system of inputting data, the applicant must provide a valid and existing email address where the status of their applications shall be sent, she said.
Once the online registration is complete, processors from the SEC Cebu Extension Office would review the application forms after the corporate name has been verified by the SEC’s Company Registration and Monitoring Department.
“Before the interim online registration was rolled out, we would ask applicants to send their documents to firstname.lastname@example.org for initial review. Now that the system is available, I think it is much easier for interested parties to file applications,” Dalena said in a statement.
She said that the new system is similar to CRS or the company registration system where corporations with five or more incorporators can apply online.
She added that before the implementation of ECQ, applications with less than five incorporators had to be manually filed in our office.
“Now, interested applicants may file it in the comfort of their own homes. It is easier and much safer that way,” she added.
The IORS can be accessed effective Monday.
After approval of the online application, applicants are required to submit the signed and notarized hard copies. The payment for the filing fee will be done once the ECQ is lifted.
Interested applicants may visit https://apps004.sec.gov.ph:8001/application where a “user guide” is available for instructions on how to navigate around the IORS.