An Act to Amend Paragraph "C", Section One of Republic Act Numbered Sixty-Two
Year:
1947
Category:
Other
Date Approved:
June 14, 1947
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act amends Paragraph C, Section One of Republic Act Numbered Sixty-Two, which pertains to the submission of evidence of ownership of securities by security holders to the issuer. It allows the Securities and Exchange Commission to grant extensions for the presentation of proof of ownership under certain conditions.Full Text
REPUBLIC ACT No. 148
An Act to Amend Paragraph "C", Section One of Republic Act Numbered Sixty-Two
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Paragraph C, section one of Republic Act Numbered Sixty-two is hereby amended to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 14, 1947.
"C. Security holders shall submit to the issuer the evidence of their ownership of securities within the period prescribed pursuant to paragraph A of this section. Upon proper cause shown, the Securities and Exchange Commission may, in general or specific cases, grant extensions of time for the presentation of proof of ownership of securities, for periods not exceeding six months at a time, but in no case shall the total extended period exceed two years from the expiration of the original period."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.