In re Amendment of the Articles of Incorporation and By-laws of Pamintuan Enterprises (Davao), Inc. v. Company Registration and Monitoring Department

October 19, 2017SEC EN BANC CASE NO. 02-17-422IN THE MATTER OF AMENDMENT OF THE ARTICLES OF INCORPORATION AND BY-LAWS OF PAMINTUAN ENTERPRISES (DAVAO), INC., doing business under the name and style APO VIEW HOTEL (SEC Reg. No. 28779), appellant, vs. COMPANY REGISTRATION AND MONITORING DEPARTMENT, appellee.DECISIONThis resolves the pending Appeal 1 filed on 14 February 2017, by PAMINTUAN ENTERPRISES (DAVAO), INC., doing business under the name and style of APO VIEW HOTEL (Appellant) seeking to reverse and set aside the Company Registration and Monitoring Department's (CRMD) denial of Appellant's application to amend its Articles of Incorporation: 1.) extending its corporate term; and 2.) increasing its authorized capital stock. The FactsAppellant is a domestic corporation duly registered with the Commission on 23 February 1966, under Company Registration No. 28779. Its principal office is at 150 J. Camus Street, Davao City. Its primary purpose is "to engage in and undertake the general management, operation, and promotion for any person, association or other juridical entity carrying on any industrial and commercial enterprise or business of any kind and...