General Information Sheet Not Sufficient Proof Of Shareholding

This bulletin was prepared by SyCipLaw?s Corporate Services Department. Marietta A. Tibayan, Bhong Paulo A. Macasaet, and Alithea C. Soriano assisted in the preparation of this bulletin.

In an April 2025 decision, the Supreme Court clarified the evidentiary value of the General Information Sheet ("GIS") in proving shareholding in a corporation. The Supreme Court ruled that the GIS, by itself, is not sufficient proof of stock ownership, reaffirming that the stock and transfer book ("STB") is the controlling record of shareholders. The decision underscores the importance of complying with correct corporate record-keeping and transfer procedures to avoid disputes on share ownership in a corporation.