esparc.sec.gov.ph : Electronic Simplified Processing of Application for Registration of Company Philippines
Organisation : Securities & Exchange Commission (SEC)
Facility Name : Electronic Simplified Processing of Application for Registration of Company (eSPARC)
Country : Philippines
Website : https://esparc.sec.gov.ph/application
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How To Access SEC Philippines eSPARC?
To Access Securities & Exchange Commission (SEC) Philippines Electronic Simplified Processing of Application for Registration of Company (eSPARC) service, follow the below steps.
Related / Similar Facility :
Steps:
1. Go to the link given above
2. Please select the appropriate company type and nature of your business.
3. Make sure to read all the instructions first so that your application conforms with the conditions specified in the chosen registration type.
eSPARC OneSEC Processing
The One day Submission and E-registration of Companies (OneSEC) is a subsystem of the eSPARC that is currently catering to registration applications of DOMESTIC STOCK corporations which may be a ONE PERSON CORPORATION or CORPORATION with 2 to 15 incorporators, board of directors and stockholders. This eSPARC subsystem is considered pass through since it only requires minimal encoding of data on the part of the registrants, as most of the company information are already pre-filled.
The OneSEC processing is completely seamless and fully automated in the absence of human intervention on the part of the Commission starting from the name verification on the proposed corporate name, until the issuance of the Digital Certificate of Incorporation.
This system aims to provide the following:
** One -One day approval of the registration application anytime, anywhere
** S – Simple procedure to ensure that data encoded are protected and secured
** E – Efficient management of information
** C – Completely seamless and fully automated
Provisions On The Procedure:
** The proposed company name shall be subject to applicable provisions of the Revised Corporation Code of the Philippines (R.A. No. 11232) and SEC Memorandum Circular No. 21, series of 2013, or the Omnibus Guidelines on the Use of Corporate and Partnership Names, and related SEC rules and regulations. (Link: https://www.sec.gov.ph/mc-2013/sec-memorandum-circular-no-21-2/)
** The registrant undertakes to change the name of the corporation immediately upon receipt of notice from the Commission that another corporation, partnership or person has acquired a prior right to the use of such name, that the name has been declared not distinguishable from a corporation, or that it is contrary to law, public morals, good customs or public policy. (Secs. 14 and 17 of the Revised Corporation Code of the Philippines).
** The Name Reservation Fee shall be charged together with the filing fees and shall be included in the Payment Assessment Form (PAF) issued to the registrant.
** Registration applications that do not fall under all of the above conditions should proceed to the eSPARC Regular Processing.
** If during the process of encoding, one of the required data do not conform with the scope enumerated above, registrant has to cancel the application and proceed to eSPARC regular processing.
** Failure of the registrant to complete the application within one day shall cause the system to automatically purge the entire application, including the cancellation of a pre-approved Name Reservation.
** Only system-generated registration application forms are acceptable. Any alteration, erasure, modification or revision in the system generated registration application shall result in the automatic denial of the application.
** All communications regarding the status of the registration application shall be forwarded to the designated email address provided by the registrant.
** Such communication may contain information about the status of the application, instructions as well as the deadlines therefor.
** It shall be the sole responsibility of the registrant to regularly check his/her designated email address to ensure that he/she is sufficiently informed of the status of his/her application.
** Failure to pay the assessed registration fees within one day from the issuance of the PAF shall result in the automatic purging of the application from the system.
** Fees other than the computed filing fees (e.g. bank surcharges) shall be for the account of the registrant.
eSPARC Regular Processing
** The SEC – ESPARC is a facility to cater application for registration of One Person Corporation (OPC) and Domestic corporations (stock and non-stock) with 2 or more incorporators who may either be natural person, partnership, association or corporations, singly or jointly with others but not more than fifteen (15) in number.
** The system allows the applicant or his duly appointed representative to submit the proposed company name and input details of the articles of incorporation for review of the Commission.
** Aside from this, application for the recording of partnerships and license to do business for foreign corporations are now available in the ESPARC.
** Applicant will be advised on the status of the review through the email address indicated on the application form within seven (7) working days.
** Once the application is qualified for payment, applicant may pay the registration/license fees specified on the Payment Assessment Form (PAF) to any of the payment gateways (eSPAYSEC, Landbank Over-the-Counter).
** After payment, please submit a copy of the proof of payment together with the four (4) hard copies of originally signed AND authenticated* or notarized registration documents through a two-way transmittal system via courier/registered mail addressed to the SEC Main Office or to the selected Extension Office anytime within sixty (60) calendar days from the date of approval stated in the Certificate of Incorporation.
** However, if the registration application is disapproved, representative of the applicant corporation has to edit and/or correct the data in the application form/s as set forth in the compliance notice of the assigned name verifier/processor to facilitate the processing of its application.
** The applicant may opt to cancel the application and re-apply accordingly should it be deemed necessary.
Contact
For further inquiries and assistance, please email crmd_registration_opc@sec.gov.ph for OPC, crmd_registration_234@sec.gov.ph for Corporations with Less Than 5 Incorporators, crmd_registration_regular@sec.gov.ph for Corporations with 5 to 15 Incorporators, and crmd_publicassistance@sec.gov.ph for Partnerships and Foreign Corporations.