AN ACT TO AMEND PARAGRAPH "C",
SECTION ONE OF REPUBLIC ACT NUMBERED SIXTY-TWO
Section 1. Paragraph C,
section one of Republic Act Numbered Sixty-two is hereby amended to
read as follows:
"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."
Sec. 2. This
Act shall take effect upon its approval.
