The non-holding of elections under the Revised Corporation Code must be reported to the Commission within how many days from the date of the scheduled election?

• A. 20 days
• B. 30 days
• C. 10 days
• D. 25 days

Answer: (B)

Prompt reporting of a scheduled election not being held is about keeping the regulator informed of governance status. The Revised Corporation Code requires filing a report with the Commission within a fixed period after the date the election was scheduled. This deadline ensures timely disclosure, updates corporate records promptly, and helps protect shareholders by confirming that governance rules are observed even when an election doesn’t take place. The clock starts on the date the election was scheduled, so even if the meeting isn’t held, regulators have a predictable window to receive the report. Other options don’t fit because they wouldn’t align with this fixed, timely reporting framework; a longer or shorter window would risk delays in oversight.