GPPB Resolution No. 14-2021 entitled: "Resolution Confirming that the Rule on the Application of a License to Transact Business in the Philippines by a Foreign Corporation is based on existing Securities and Exchange Commission (See) Rules and Opinions and that, unless otherwise ruled by the SEC, any of the allowable types of Registration for a Foreign Corporation under Sections 140 and 143 of Republic Act (RA) No. 11232 shall suffice for purposes of awarding a Contract under RA No. 9184, subject to the Specific Requirements of the Procuring Entity as demanded by its Procurement Project, and in the case of Foreign Corporations which will engage in Construction Activities, the Construction Industry Authority of the Philippines Rules and Guidelines require the submission of a valid SEC Certificate of Registration and Appointment of a new Foreign Resident Alien Representative or Authorized Managing Officer of the Philippines prior to the issuance of a Special License, and authorizing the Government Procurement Policy Board-Technical Support Office to respond to related inquiries to this effect".

Category: 

Department Memorandum Circulars

Sub Category: 

policies-regulations

Series: 

2021

No: 

55

File: 

DMC_055_s2021.pdf

Date: 

Wednesday, September 15, 2021

keywords: 

GPPB Resolution No. 14-2021 entitled: "Resolution Confirming that the Rule on the Application of a License to Transact Business in the Philippines by a Foreign Corporation is based on existing Securities and Exchange Commission (See) Rules and Opinions an