July 21, 2014
SEC CRMD CASE NO. 14-587
IN THE MATTER OF BPO ASIA INSTITUTE INCORPORATED
SEC Registration No. CS201321989, petitioner.
FOR : Correction of the Articles of Incorporation and Amended Articles of Incorporation
ORDER
This refers to the Verified Petition of BPO ASIA INSTITUTE INCORPORATED ("Petitioner" for brevity) dated June 18, 2014, praying for the correction of its Articles of Incorporation, approved on November 15, 2013, and Amended Articles of Incorporation, approved on May 15, 2014.
Petitioner is a domestic stock corporation, registered with the Commission on November 15, 2013. It was established primarily to engage in the following line of business:
"To provide programs, systems and tools related to business process outsourcing courses and other related courses, to provide professional training in the use of these programs, systems and tools and to offer necessary back office support services to institutions and other entities."
Petitioner's authorized capital stock is One Million Pesos (P1,000,000.00), divided into one million (1,000,000) shares with the par value of One Peso (P1.00) per share. Its first stockholders are (1) BPO ASIA HOLDINGS CORPORATION, the majority shareholder, (2)...
