How to Register a Non-Profit Organization in the Philippines
The third step is revenue district office, municipal, barangay clearance. Again, this can take just a day if processed in one day, but the wheels of the Philippine government can move so slow on this one for many reasons, so you might have to wait for weeks or months. For the revenue district office, this is probably the one-time biggest single source of delay. The posting of your tax registration number (TIN) as a non-stock, non-profit corporation in the database of the Bureau of Internal Revenue is performed at the main office of RDO XXX, so it can take some time for the processing of this. Once approved or released, you can then secure the blanks that have not been filled in at the SEC by the BIR, and the business permit from the municipality where your office is located as well as the barangay clearance. With these things, your non-profit organization is now officially registered.
Registering a non-profit organization, more commonly known as a non-stock, non-profit corporation, with the Securities and Exchange Commission (SEC) of the Philippines is a three-step process. The first step is the application for reservation of the corporation name. You have to submit two name options, in case the first one is not available. The reservation of the name is valid for 30 days. The second step is the incorporation stage. For this, you have to submit the Articles of Incorporation, By-Laws, bank certificate of deposit, and the name reservation permit. As of March 2013, the SEC Registration Fee for a non-profit corporation is Php 2,500.00, but double-check with the SEC if it’s still the same. Your application will be assessed by an employee of the SEC. This can take just a day or more if the employee reviewing your application raises some issues. You have to correct this with another set of requirements, and then your application will be re-reviewed. Learn how to register a non profit organization in the Philippines by following the specific legal steps and documentation required by the government.
SEC Registration Requirements for Non-Profit Organizations
Under the revised rules of corporations, an organization intending to file for NPO status must have a minimum capital stock subscription of at least P1,000,000 or an amount sufficient to finance its proposed activities, as determined by the incorporators, and a minimum of at least five incorporators who must themselves subscribe to the capital stock at the amount stated. An NPO intending to register with the SEC is required to file the following documents: two original verified copies of Articles of Incorporation, in Filipino, English, or any other language; verified List of Names and Addresses of the first members; verified List of Names and Addresses of the first members of the board of trustees; copy of partnership papers, if the corporation holds a foreign name; letter request for release of the license or certificate of incorporation, signed by the majority of the incorporators or members; certified true copy of a treasury warrant; if an unregistered NPO, certified proof of exemption, donations from the Corporation Code as required by the BIR; rules and regulations signed by the majority of the incorporators; and verified bank deposit slip.
The SEC is the government body that is responsible for regulating securities and has expanded its regulatory powers to include the oversight of non-stock, non-profit organizations. Republic Act 8555, entitled “An Act Allowing the Registration of Charitable and Other Non-stock, Non-Profit Organizations for Proprietary Membership in Securities and Exchange Commission,” amends the Corporation Code of the Philippines to provide for the registration with the SEC of non-stock, non-profit corporations for proprietary membership, also called non-profit organizations (NPOs). Understanding the SEC registration requirements for non profit organizations is essential to ensure compliance and successful establishment in the Philippines.
Requirements for SEC Registration of Non-Profit Organization
The required documents and steps you need to go through for registration with the Securities and Exchange Commission (SEC) will differ according to how the POS is categorized. For instance, if you want to have your POS to be a corporate foundation, these are the requirements you will need to prepare: Articles of Incorporation, Verification sheet of Articles of Incorporation, By-laws, Affidavit of an incorporator or director undertaking to change corporate name, List of members and Directors, Verification sheet of List of members and directors, Treasurer’s affidavit, Statement of assets and liabilities verified before the Commissioner of Internal Revenue, Board Resolution or certification of the vote authorizing the amendment of the articles of incorporation, Minutes of the organizational meeting, Name verification slip, and A notice of registration.
The requisite documents needed for registration will differ with each classification (donor institution, foundation, nonprofit, non-stock corporation, religious group). If you are pursuing SEC registration as a non-stock corporation, the following are the requirements: Articles of Incorporation, Verification sheet of Articles of Incorporation, By-laws, Affidavit of an incorporator or director undertaking to change corporate name, List of members and Directors, Verification sheet of List of members and directors, Treasurer’s affidavit, Statement of assets and liabilities verified before the Commissioner of Internal Revenue, Minutes of the organizational meeting, Name verification slip, and A notice of registration would be necessary. The requirements for SEC registration of non profit organization include submitting necessary forms, documentation, and adhering to regulatory guidelines in the Philippines.
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