November 18, 2016
SEC-CGFD OFFICE ORDER NO. 216-16
IN THE MATTER OF ALPHALAND BALESIN ISLAND CLUB, INC.
ORDER
Before the Commission is the letter-request dated 19 October 2016 1 of Alphaland Balesin Island Club, Inc. (ABICI) for the lifting of the Commission's Order of Suspension of its Registration and Certificate of Permit to Sell Securities to the Public dated 06 March 2015 and its undertaking to submit within thirty (30) days an Amended Registration Statement (ARS) updating the information to reflect therein the titles on the properties used by the Club. ABICI also submitted certified copies of the new Transfer Certificates of Title (TCTs) covering the properties where it is located, as issued by the RD of Quezon, Infanta Branch, in its name.
Previously, an Order of Suspension was issued by the Commission En Banc in view of the Club's failure to transfer the titles of the properties, where the Club is located, in its name. The Club in its letter dated 06 April 2015, notified the Commission of the status of the transfer of the TCTs in its...
