August 9, 2018
SEC EN BANC CASE NO. 05-10-201
Cancellation of Registration of STB
GOODGOLD REALTY AND DEVELOPMENT CORPORATION, appellant, vs. GILBERT G. GUY, appellee.
DECISION
For the consideration of the En Banc is the Memorandum on Appeal filed on 27 May 2010 by GOODGOLD REALTY AND DEVELOPMENT CORPORATION (GOODGOLD), which seeks to reverse the Order dated 29 April 2010 of the Commission's COMPANY MONITORING AND REGISTRATION DEPARTMENT (CRMD). The CRMD cancelled the registration of GOODGOLD's 17 September 1998 Stock and Transfer Book (1998 STB) and affirmed the validity of its previously-registered 6 June 1988 Stock and Transfer Book (1988 STB).
ANTECEDENTS
The 1988 and 1998 STB Registrations
GOODGOLD is a corporation duly-registered (SEC Reg. No. 151962) with the Commission on 6 June 1988. Its incorporators include Petitioner-Appellee GILBERT G. GUY (Gilbert), 1 viz.:
Name of Subscriber | Nationality | No. of Shares | Amount Subscribed |
FRANCISCO GUY CO CHIA | Filipino | 130,000 | P13,000,000.00 |
GILBERT G. GUY | Filipino | 519,997 | 51,999,700.00 |
BENJAMIN C. LIM | Filipino | 1 | 100.00 |
PAULINO DELFIN PE | Filipino | 1 | 100.00 |
SIMNY G. GUY | Filipino | 1 | 100.00 |
On the same day, the 1988 STB was registered with the Commission. The 1988 STB bears the names and signatures of CRMD employees, as authenticated by CRMD in the original case. CAIHTE
On 17...
