Regulatory Alerts2019-04-26
MC No. 07 s.2019 – Guidelines on the Establishment of a One Person Corporation (OPC)
The Securities and Exchange Commission issued these guidelines to regulate the registration process for One Person Corporations. The document specifies mandatory requirements including Articles of Incorporation, nominee consents, and specific filing fees based on capital stock and stockholder nationality. Applicants must follow a sequential procedure involving manual name reservation at the SEC Head Office, submission of notarized documents, and payment of fees to receive the Certificate of Registration.
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