In the Matter of Magdalena Estate, Inc.

May 20, 2014SEC CRMDIN THE MATTER OF MAGDALENA ESTATE, INC.SEC Registration No. PW-368FOR : Revocation of Certificate of Incorporation for Violation of the Corporation Code of the Philippines and the SEC Rules and Regulations on Reportorial RequirementsORDERWHEREAS, the records of this Commission show that MAGDALENA ESTATE, INC., (hereafter referred to as the "corporation"), registered with the Commission on 01 March 1922 (with extension of term approved by the Commission on 16 March 1972) under SEC Registration No. PW-368, failed to submit the following as required by the Corporation Code of the Philippines and the SEC rules and regulations on reportorial requirements: RequirementsNot Filed  General Information Sheet1996-2013Financial Statements1996-2012Stock and Transfer BookNot Registered WHEREAS, Section 141 of the Corporation Code of the Philippines requires corporations to submit their annual reports to the Commission, such as, General Information Sheet and the Financial Statements, thus:"Every corporation, domestic or foreign, lawfully doing business in the Philippines shall submit to the Securities and Exchange Commission an annual report of its operations, together with a financial statement of its assets and liabilities,...