In the Matter of Foundation of Apostolic Christian Training-Fact, Inc.

January 2009SEC CRMD CASE NO. 08-11-0012IN THE MATTER OF FOUNDATION OF APOSTOLIC CHRISTIAN TRAINING-FACT, INC.SEC REGISTRATION NO. A200009119FOR : Setting Aside the Order of Revocation of the Certificate of RegistrationO R D E RPetitioner, FOUNDATION OF APOSTOLIC CHRISTIAN TRAINING-FACT, INC. is a non-stock corporation registered with the Commission on June 30, 2000 under SEC Registration No. A200009119, with principal office address at No. 8, Balete Drive, New Manila, organized to encourage development of qualified bible scholars and to provide scholarships, as stated in its Articles of Incorporation. On August 2, 2006, its Certificate of Registration was revoked by the Commission, by virtue of SEC Order dated June 27, 2006, published on July 3, 2006 in the Philippine Star, for non-filing of reports.Petitioner now prays for the setting aside of the Order of Revocation dated June 27, 2006, on the following grounds:1. that the officers were not aware of the Commission's reportorial requirements and the Order of Revocation;2. that it is in continuous operation since its incorporation and has acquired properties; HDTcEI3. that it has no...