April 20, 2010
SEC ADMINISTRATIVE CASE NO. 10-08-99
CED Case No. 08-2875
IN THE MATTER OF FIRST EQUIS INC.
COMPLIANCE AND ENFORCEMENT DEPARTMENT, petitioner.
FOR : Revocation of Corporate Registration
ORDER
On 21 October 2008, the Compliance and Enforcement Department 1 ("CED") filed a Petition for Revocation of FIRST EQUIS INC.'s ("FEI") Corporate Registration on the ground of fraud in the procurement of its Certificate of Registration when it indicated false addresses of the company and its incorporators and directors in its Articles of Incorporation for purposes of registration, in violation of Section 6 (i) (1) of Presidential Decree No. 902-A.
On 21 November 2008, the Commission issued an Order directing FEI to file its answer on the Petition. The Order was not served upon respondent FEI and its concerned officers since the addresses reflected in its articles of incorporation submitted to the Commission were found to be fictitious.
WHEREFORE, premises considered, the CED is hereby ORDERED to cause this Order together with the Order dated 21 November 2008 to be published in the Commission's website (www.sec.gov.ph), and posted in a conspicuous place...
