Our Corporation Law professor asked us to get some files for a certain company at the Securities and Exchange Commission. I found out that getting a copy of an 8-page document at the SEC would take me about 4 hours. This includes lining up, waiting for your number to be called, paying at the cashier, and being assisted by a technician who would be the one to print the document.
I got the chance to talk with one of their technicians/staff personnel. She told me that I could have easily accessed and printed the document online. Apparently, the SEC has now an Online Facility. It is called the SEC i-View and i-Report Project. Because of this project, the public can now access and print documents thru the Internet, such as Articles of Incorporation, By-Laws, General Information Sheets, and other documents submitted by corporations to the SEC. This project is a pay-per-use system. One needs to buy a pre-paid card at the SEC, which costs P100. Looking for pertinent documents can now be done using Internet-enabled PC units or laptops at our homes or offices. Though the system is only operational from 8 am to 8 pm, from Mondays to Fridays, still this is better than lining-up at the SEC. It saves more time and is more convenient.
No comments:
Post a Comment