SCHEDULE OF FEES As of 25 March 2002
Following is the list of fees charged by SEC for its services, publications and other documents.
I. A. REGISTRATION OF NEW CORPORATIONS / PARTNERSHIPS Name Verification / P40.00 per allowed name (30 day-reservation) Reservation Fee Articles of Incorporation/Partnership Filing fee is 1/5 of 1% of the authorized capital Stock Corporation with par stock or the subscription price of the subscribed value capital stock whichever is higher but not less than P1,000.00 plus LRF *. Filing fee is 1/5 of 1% of the authorized capital stock computed at P100.00 per share or the Stock corporation without subscription price of the subscribed capital stock par value whichever is higher but not less than P1,000.00 plus LRF. Non-stock corporation (Foundation, association, non-government P 210.00 organization, religious organization, corporation sole, etc.) For capital contribution of P500,000.00 and below, filing fee is P510.00. Partnerships For capital contribution of more than P500,000.00, filing fee is 1/10 of 1% of the contributed capital plus LRF. By-laws P 210.00 Applications Under Foreign P2,000.00 (In addition to filing fee for articles of Investments Act incorporation) License to Operate – Foreign Corporations Filing fee is1% of the actual inward remittance of Branch Office the branch of foreign corporation, converted into Philippine currency plus LRF & P2,000.00. Filing fee is 1/10 of 1% of the amount actually Representative Office remitted to the Philippines, converted into Philippine currency plus LRF & P2,000.00. Regional Headquarters of P2,000.00 plus LRF Multinational Corporations Regional Operating Headquarters or petition Filing fee is 1% of the actual remittance but not for conversion of an area less than 1% of Philippine currency equivalent of or regional headquarters US$200,000.00 at the time of remittance, plus into regional operating LRF. headquarters Non-stock foreign P 510.00 corporation Registration fee - Stock & P 150.00 Transfer Book Registration fee P 75.00 Membership Book LRF – Legal Research Fee equivalent to 1% of filing fee but not less than P10.00
II. A. B. C. D.
REPUBLIC OF THE PHILIPPINES
SECURITIES AND EXCHANGE COMMISSION
A CITIZEN’S MANUAL ON
REGISTRATION SEC’s FEES AND CHARGES FUNCTIONS PARTNERSHIPS
25 III 2002
C. D. E.
REGISTRATION FOR SECONDARY LICENSE (In addition to filing fee for registration of corporation) Registration Fee License Renewal Fees Broker/Dealer Head Office P50,000.00 plus LRF P20,000.00 plus LRF Branch Office P10,000.00 plus LRF P 5,000.00 plus LRF Salesman P 2,000.00 plus LRF P 1,000.00 plus LRF Associated Person P 3,000.00 plus LRF P1,500.00 plus LRF P3,000.00 plus LRF & P200.00 per issue being Transfer Agent P 1,000.00 plus LRF handled but not more than P5,000.00 Investment House Head Office P50,000.00 plus LRF P10,000.00 plus LRF Branch Office P10,000.00 plus LRF P 5,000.00 plus LRF Associated Person P 1,000.00 plus LRF P 500.00 plus LRF Investment Company Adviser Head Office P10,000.00 plus LRF P 3,000.00 plus LRF Sales Agent ** Year 2002 P 420.00 P 415.00 Year 2003 P 630.00 P 520.00 Year 2004 P 945.00 P 650.00 Year 2005 P 1,420.00 P 815.00 Year 2006 P 2,125.00 P 1,015.00 1/10 of 1% of the paid 1/8 of 1% of the required up capital based on Financing Company paid- up capital based on principal office, plus principal office, plus LRF LRF Investment Company P 5,000.00 plus LRF Pre-need Company Dealer Head Office P10,000.00 plus LRF P 5,000.00 plus LRF Branch Office/Branch Transfer - Within Metro Mnl P 5,000.00 plus LRF P 2,500.00 plus LRF - Outside Metro Mnl P 2,500.00 plus LRF P 1,500.00 plus LRF General Agent P 5,000.00 plus LRF P 2,500.00 Plus LRF Salesman P200.00/salesman P200.00/salesman plus - Dealer plus LRF LRF P200.00/salesman P200.00/salesman plus - General Agent plus LRF LRF Approval of Trust P 2,500.00 plus LRF Agreement Accreditation of PreP 1,000.00 plus LRF Need Actuaries Certification P 300.00 plus LRF Staggered payments approved by the Commission on 21 March 2002 REGISTRATION / LICENSING OF SECURITIES Registration Statement (Based on maximum aggregate price of securities to be offered) 0.10% of the maximum aggregate price of Not more than P500 Million the securities to be offered More than P500 Million but not P500,000.00 plus 0.075% of the excess more than P750 Million over P500 Million
SEC Building, EDSA, Greenhills Mandaluyong City Tel. Nos. 726-0931 to 39 http://www.sec.gov.ph
F. G. H.
REGISTRATION / LICENSING OF SECURITIES (Continued) More than P750 Million but not P687,500.00 plus 0.05% of the excess more than P1 Billion over the P750 Million P812,500.00 plus 0.025% of the excess More than P1 Billion over P1 Billion Short-Term Commercial Paper (STCP) Registration (Sec. 15 (a)) Filing fee is 1/10 of 1% plus LRF Exempt Issuers Under Sec. 4(f) Exemption fee is 1/10 of 1% plus LRF Exempt Under Sec. 5 of STCP Annual exemption fee is P10,000.00 Rules plus LRF Long-Term Commercial Paper (LTCP) Registration (Sec. 14 (a)) Filing fee is 1/10 of 1% plus LRF Exemption fee of not more than 1/10 of Exempt Issuers Under Sec. 7(g) 1% plus LRF Exempt Under Sec. 8 of LTCP Annual exemption fee is P10,000.00 Rules plus LRF Preliminary Information Statement P5,000.00 plus LRF Preliminary Proxy Statement P5,000.00 plus LRF Proxy Solicitations in case of Acquisition, Merger, & 1/10 of 1% plus LRF Consolidation Tender Offer 1/10 of 1% plus LRF Exempt Under SRC Rule 19.1 P5,000.00 (3)(a) Exempt from Registration Under P5,000.00 SRC Sec. 72.1 Pre-Need 1/10 of 1% of maximum aggregate price at which securities are proposed to be New and Additional offered plus LRF Petition for Price Increase P2,500.00 plus LRF Petition for Amendment of Registration Statement, Contracts P2,500.00 plus LRF and All Applications Petition for Release of Balance P2,500.00 plus LRF Petition for Cancellation of P2,500.00 plus LRF Registration Petition for Suspension and/or P2,500.00 plus LRF Cancellation of Permit to Sell AMENDMENTS Articles of Incorporation By-Laws Articles of Partnership Foreign Corporations Articles of Incorporation By-Laws Increase in Capital Stock Corporation with par value
AMENDMENTS (Continued) Stock Corporation without par value Filing fee is 1/5 of 1% of the increase in authorized capital stock computed at P100.00 per share or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00 plus LRF Filing fee is 1/10 of 1% of the increase in contribution but not less than P500.00 plus LRF P3,000.00 plus LRF P2,000.00 plus LRF P1,010.00 Filing Fee is P3,000.00 plus LRF Filing Fee is 1/5 of 1% of the amount infused but not less than P1,000.00 plus LRF P500.00 plus LRF 1/5 of 1% of authorized capital plus LRF
OTHERS (Continued) Application for Revocation of License of Foreign Corporation Partnership
P500.00 plus LRF Filing fee is 1/10 of 1% of the increase in contribution but not less than P500.00 plus LRF P500.00 plus LRF P500.00 plus LRF P400.00 P300.00 P500.00 P300.00 plus LRF
F. G. H. I. J. K.
Partnership F. Decrease of Capital Stock Return of Capital All others Partnership Equity Restructuring To Wipe Out Existing Deficit Infusion as Additional Paid-up Capital H. I. V. A. B. C. Property Dividend Petition of Amendment of License Extension of Corporate Life DIVIDENDS For Stock/Cash Dividend Declaration up to P50 Million of Non-listed Corporation For Stock/Cash Dividend Declaration over P50 Million of Non-listed Corporation
Application for Revocation of Appointment of Resident Agent or Substitute Resident Agent Application for Cancellation of License of RHQ of Multinational Corporation Certification of Paid-Up Capital, Outstanding Stock, Percentage of Filipino Stockholdings, etc. Certification of Corporate Filing & Information Certificate of Good Standing Deed of Assignment of Shares of Stockholder
P500.00 plus LRF P1,000.00 plus LRF Filing fee is 1/5 of 1% of the amount declared but not less than P1,000.00 plus LRF
ORGANIZATION CHANGES Mergers or Consolidations Filing fee is 1/10 of 1% of the equity of the absorbed corporation which was used as basis of the merger or consolidation plus LRF. (If filed together with Increase in Capital, filing fee is the higher amount.) P3,000.00 plus LRF
IV. A. B. C. D. E.
VIII. PUBLIC REFERENCE UNIT CHARGES PRU Service Charge P 50.00 per transaction Direct On-Line P 2.00 per minute Hard Copy P 3.00 per page Soft Copy P 50.00 per diskette Companies/Individual Researchers P 500.00 Plain Microfilm Authenticated Reproduction of Documents Copy Copy Articles of Incorporation P100.00 P150.00 By-Laws P100.00 P150.00 General Information Sheet P 25.00 P 50.00 Increase in Capital Stock P 50.00 P100.00 Resolution P 15.00 P 50.00 Secretary’s Certificate P 15.00 P 50.00 Board Resolution P 15.00 P 50.00 Registration Data Sheet P 25.00 P 50.00 Deed of Assignment P 15.00 P 50.00 Borrowing Fee P50.00 per Document Reproduction Fee Actual Cost plus P20.00 per Corporation IX. PUBLICATIONS SEC Bulletin
P210.00 P210.00 P510.00 P500.00 plus LRF P500.00 plus LRF Filing fee is 1/5 of 1% of the increase in authorized capital stock or the subscription price of the subscribed capital stock whichever is higher but not less than P1,000.00 plus LRF
Application for QuasiReorganization
B. C. D.
OTHERS Petition to Set Aside Order of Suspension Stock Corporation P600.00 plus LRF Non-Stock Corporation P300.00 plus LRF Application for Approval of Voting P200.00 plus LRF Trust Agreement Custodian Fee for Acceptance of Deposit of Securities of Foreign P2,000.00 plus LRF Corporation Application for Appointment of Resident Agent or Substitute P500.00 plus LRF Resident Agent