February 14, 2019
SEC ADMIN. CASE NO. 02-19-181
IN THE MATTER OF: KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC.
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, petitioner.
| FOR | : | Petition for Revocation with Prayer for Issuance of a Cease and Desist Order |
CEASE AND DESIST ORDER
Before the Commission En Banc is the Petition for Revocation of the Certificate of Incorporation of KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC. with prayer for the issuance of a Cease and Desist Order 1 filed by petitioner Enforcement and Investor Protection Department (EIPD) of the Commission.
Per records of the Commission, KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC. ("KAPA" for brevity) was issued a Certificate of Incorporation 2 by the Commission through its Davao Extension Office on 03 March 2017, with Company Registration No. CN201707724. It is registered as an Independent Religious Corporation in accordance with Section 116 of the Corporation Code of the Philippines.
The Certificate of Incorporation issued to KAPA explicitly provides:
"This Certificate grants juridical personality to the corporation but does not authorize it to undertake business activities requiring a Secondary License from this Commission such as, but not limited to, acting as: broker or...
