Arrayit Corporation (ARYC)

[edward1981]

It says 5 years

Under the new policy, the SEC shall issue an order of suspension against a delinquent corporation which failed to comply with the reportorial requirements for five consecutive years. The order of suspension together with the list of delinquent corporations shall be published in a newspaper of general circulation. Thereafter, the delinquent corporation is given 30 days from the date of publication to comply with the reportorial requirements. However, if the delinquent corporation still fails to comply with the reportorial requirements within the prescribed period, the SEC shall enter a suspended status in said corporation’s records which can be viewed online through the SEC Web site. The order of suspension shall remain effective until the submission by the corporation of its latest reports and its payment of the corresponding fines and penalties.