In re Organico Agribusiness Ventures Corp.

May 31, 2019ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTIN THE MATTER OF: ORGANICO AGRIBUSINESS VENTURES CORP.SEC REGISTRATION NO. CS201806980FOR :Revocation of Certificate of Registration/Incorporation for Violation of the Corporation Code of the Philippines in Relation to Presidential Decree No. 902-A for Serious Misrepresentation as to What the Corporation Can Do to the Great Prejudice of or Damage to the General PublicORDER OF REVOCATIONORGANICO AGRIBUSINESS VENTURES CORP. ("Organico") was registered with this Commission on 8 May 2018 with Company Reg. No. CS201806980 with primary purpose of: "To engage in the business of operating a commercial Hog, Livestocks and Farm Animal Raising Facility and providing services but not limited to hog, livestock and Farm Animal raising management, technical services and other related activities including farm to market service for Hog, Livestock and Farm Animals owners and growers. Provided that the corporation shall not solicit, accept or take investments/placements from the public neither shall it issue investment contracts. (emphasis ours)"On 02 November 2017, the department received information through i-Message Mo that Organico is apparently engaged in investment-solicitation activities without being...