July 9, 2014
SEC CRMD CASE NO. 14-559
IN THE MATTER OF PARAGON VERTICAL CORPORATION
SEC Registration No. CS200260800, petitioner.
FOR : Correction, Replacement and Admission of Documents
ORDER
This refers to the Petition of PARAGON VERTICAL CORPORATION, represented by its President, Mr. Ross Raymond B. Ravelo, dated April 28, 2014, praying for the withdrawal and concomitant replacement of the following documents which were submitted in support of its application for increase of its capital stock, approved by the Commission on July 20, 2011:
1. Certificate of Increase of Capital Stock dated November 12, 2010;
2. Treasurer's Affidavit dated on July 15, 2011; and
3. Deed of Assignment with e-MERALCO VENTURES, INC. dated November 12, 2010.
Petitioner is a domestic stock corporation registered with the Commission on November 25, 2002. At the time of its incorporation, its authorized capital stock was One Million Pesos (P1,000,000.00) divided into ten thousand (10,000) shares with a par value of One Hundred Pesos (P100.00) each. DTCAES
On July 13, 2011, it filed an application for the increase of its capital stock to Five Hundred Million Pesos (P500,000,000.00) divided into...