Regulatory Alerts2019-06-21
SEC Memorandum Circular No. 13 Series of 2019: Amended Guidelines and Procedures on the Use of Corporate and Partnership Names
The Securities and Exchange Commission issued this circular to update guidelines for registering corporate and partnership names, mandating specific suffixes like Corporation, Inc., OPC, or Foundation based on entity type. The rules enforce strict distinguishability from existing names, prohibit the use of special symbols as differentiators, and restrict the use of protected terms, geographical locations, and personal names without proper consent. Additionally, the document establishes a five-year moratorium on reusing names of dissolved corporations and requires an affidavit undertaking immediate name change if prior rights are infringed.
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