SEC Memorandum Circular No. 5 (2004)

(NAR) VOL. 15 NOS. 1-2 / JANUARY - MARCH 2004

[ SEC MEMORANDUM CIRCULAR NO. 5, S. 2004, March 25, 2004 ]

REVISED SCHEDULE OF FEES AND CHARGES

As approved by the Commission en Banc, hereunder are the revised fees and charges for some applications, in addition to those fees approved on 23 July 2001, to be imposed and collected by the Securities and Exchange Commission.

A. Applications Filing Fee 1/5 of 1% of the Partnership's capital 1. Articles of Partnership but not less than P1,000.00 2. Increase of Capital of Partnership 1/5 of 1% of the increase in capital but not less than P1,000.00 3. Amended Articles of Partnership P1,000.00 4. Deed of Assignment of Partnership P500.00 Interest 5. Articles of Dissolution of P500.00 Partnership 6. Affidavit of Withdrawal of Partner P500.00 7. Articles of Incorporation of Non- P500.00 stock corporation 8. By-Laws of both stock and non-stock P500.00 corporation 9. Amended Articles of Incorporation P500.00 of both stock & non-stock corporations.

10. Amended Articles of Incorporation 1/5 of 1% of the authorized capital where amendment consists of stock but not less than P2,000.00 extending the term of corporate existence 11. Amended Articles of Incorporation P2,000.00Re: Conversion/Reclassificaiton of shares 12. Amended by-laws of both stock P500.00 and non-stock corporation 13. Merger or consolidation of 1/5 of 1% of the equity of the corporations absorbed corporation/s but not less than P3,000.00 (a) In merger, in case of simultaneous Filing fee for Increase in Capital filing of application for increase of Stock or the filing fee for Merger authorized capital stock by the whichever is higher surviving corporation (b) In consolidation where the total 1/5 of 1% of total equity of the equity of constituent corporations is constituent corporations or the filing different from the authorized capital of fee for Articles of Incorporation the consolidated corporation whichever is higher 14. Valuation of Consideration for 1/5 of 1% of the amount of shares of Shares of Stock stock to be issued but not less than P2,000.00 15. Application of Stock Foreign 1% of the actual inward remittance Corporations: of the corporation converted into Philippine currency but not less than P2,000.00 a) branch office b) representative office 1/10 of 1% of the actual inward remittance of the corporation converted into Philippine currency but not less than P2,000 16. Application of Non-Stock foreign P2,000.00 corporation 17. Application for Area or Regional P5,000.00 Headquarters 18. Application for Regional 1% of the actual remittance but not Operating Headquarters or petition for less than 1% of peso equivalent of Conversion of an Area or Regional $200,000 at the time of remittance Headquarters into a Regional Operating Headquarters 19. Petition for Amendment of P2,000.00 License of a foreign corporation20. Cancellation of license of a P2,000.00 foreign corporation 21. Cancellation of license of P1,0.00 Regional Headquarters of multinational corporation 22. Cancellation of license of P2,000.00 Regional Operating Headquarters of multinational corporation 23. Appointment of a Resident Agent P1,000.00 or Substitute Resident Agent 24. Revocation of Appointment of P1,000.00 Resident Agent or Substitute Agent 25. Amended Articles of Incorporation P1,000.00 of a Foreign Corporation 26. Amended By-Laws of a Foreign P1,000.00 Corporation 27. Filing fee for Petition to set aside P1,000.00 Order of Suspension/Revocation 28. Petition for Correction in Articles P1,000.00 of Incorporation, By-laws or amendments thereto B. Public Reference Services Fees/Charges 29. Reproduction of documents other P5.00/page plus P20.00/corporation than Articles of Incorporation, By- Laws, General Information Sheet, Increase in Capital Stock, Resolution, Secretary Certificate, Board Resolution, Registration Data Sheet and Deed of Assignment 30. Authentication of documens other P5.00/page plus P20.00/document than Articles of Incorporation, By- Laws, General Information Sheet, Increase in Capital Stock Resolution, Secretary Certificate, Board Resolution, Registration Data Sheet and Deed of Assignment C. Preparation of statistical reports, Fees/Charges company listings and related information on SEC-registered entities31. Service Charge P20.00 per transaction 32. Computer usage/processing time P2.00 per minute 33. Special program fee for P500.00 per transaction institutional/individual researchers 34. Hard copyof documents with list P5.00 per page containing various information such as address, industry classification, equity structure, etc.

35. Soft copy of documents with list containing various information such as address, industry classification, equity structure, etc.

a. CD-RW media P100.00 per piec b. 1.44 MB floppy P 50.00 per piece diskette All other circulars, rules, orders and issuances, or part thereof inconsistent with this Memorandum Circular are hereby repealed or modified accordingly. This circular shall take effect immediately after publication in a newspaper of general circulation. Adopted: 25 March 2004

(SGD.) LILIA R. BAUTISTA Chairperson