Notice of Non-acceptance of payments for corporate and partnership name reservations through UNIONBANK
Please be advised that effective June 8, 2015, payments for corporate and partnership name reservations through the UNIONBANK shall NOT be accepted. Payments for name reservations may only be made through the SEC Offices and Land Bank of the Philippines branches.
Also, fill-out forms for the Articles of Incorporation and By-Laws and Articles of Partnership in the i-Register of "online transaction" is already discontinued.
However, you may download forms at the SEC Website, http://www.sec.gov.ph under the "Forms and Fees".
Notice on Confirmation of Company Name Reservation
Please be advised that Company Names reserved online must be confirmed at Name Reservation Unit, G/F Secretariat Building PICC Complex, Roxas Boulevard Manila or at any of the SEC Satellite Offices within four (4) calendar days from date of online reservation. Non Confirmation of reservation within specified period will forfeit the online reservation.
Confirmation is required because the Corporation Code of the Philippines, Sec 18. provides that "No corporate name may be allowed by the Securities and Exchange Commission if the proposed name is identical or deceptively or confusingly similar to that of any existing corporation or to any other name already protected by law or is patently deceptive, confusing or contrary to existing laws."Compliance therewith compels us to personally determine if reserved names are not deceptively or confusingly similar or patently deceptive or confusing to registered entities.
After confirmation, applicant must secure a Reservation Payment Confirmation. A mere Reservation Notice is not sufficient for the acceptance of any application for registration, or charge of name of a corporation or partnership.
Once the Reservation Payment Confirmation has been issued, the reservation fee must be paid at the Cashier, SEC Main Office or at any of designated Landbank branches.
For the guidance of all concerned.
The Philippine SEC offers the public the convenience of online registration through SEC-iRegister, the web-based Company Registration System of the Philippines Securities and Exchange Commission (SEC).
SEC i-Register is a quick, affordable, and user friendly service that is available to the public 24 hours a day, 7 days a week. An easy, step-by-step guide allows everyone, even the computer novice, to use this web-based company registration system from the convenience of their desktop.
With SEC-iRegister, clients can do the following online:
a. Verifying the availability of the desired name for corporation or partnership
b. Reserving the verified name
c. Accomplishing and printing the registration online without the need to buy the SEC forms