Goodgold Realty and Development Corp. v. Guy

August 9, 2018SEC EN BANC CASE NO. 05-10-201Cancellation of Registration of STBGOODGOLD REALTY AND DEVELOPMENT CORPORATION, appellant, vs. GILBERT G. GUY, appellee.DECISIONFor 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). ANTECEDENTSThe 1988 and 1998 STB RegistrationsGOODGOLD 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 SubscriberNationalityNo. of SharesAmount SubscribedFRANCISCO GUY CO CHIAFilipino130,000P13,000,000.00GILBERT G. GUYFilipino519,99751,999,700.00BENJAMIN C. LIMFilipino1100.00PAULINO DELFIN PEFilipino1100.00SIMNY G. GUYFilipino1100.00 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....