SEC to launch online company registration portal

ZAMBOANGA CITY, April 7 (PIA) – The Securities and Exchange Commission (SEC) is set to launch a new online portal called the Electronic Simplified Processing of Application for Registration of Company (eSPARC) on April 19.

In a press release, SEC Chairperson Emilio Aquino said “with eSPARC, our goal is to provide users with a complete, end-to-end company registration system linked to a unified and centralized company information database that will simplify the company registration process while also refining how we process information”.

The press release explains that this new online platform “will accept new applications for registration of One Person Corporations (OPC), corporations with two to four incorporators, as well as regular domestic and foreign-owned corporations – both stock and nonstock”. The online platform is “a more secure, transparent and efficient online facility for easy company registration”.

“On eSPARC, applicants or their duly appointed representatives may submit their proposed company names, input company information, and upload the documentary requirements for review of the Commission. The system will also feature a real-time inquiry facility on the status of their applications,” the press release added. (NBE/DIS/PIA9-Zamboanga City, with reports from SEC)

 



Source: Philippines Information Agency (pia.gov.ph)

Post a Comment

0 Comments