In the Matter of Philippine Forest Corporation

June 3, 2014SEC CRMDIN THE MATTER OF PHILIPPINE FOREST CORPORATIONSEC Registration No. CS200519117FOR : Revocation of Certificate of Registration for Violation of the Corporation Code and SEC Rules and Regulations on Reportorial RequirementsORDERWHEREAS, PHILIPPINE FOREST CORPORATION ("subject corporation") is a domestic stock corporation registered with the Securities and Exchange Commission ("this Commission") on January 24, 2006 under SEC Registration No. CS200519117. It is a non-chartered government-owned and controlled corporation whose operations are being monitored and supervised by the Governance Commission for Government-Owned or Controlled Corporations ("GCG") pursuant to Republic Act No. 10149, also known as "GOCC Governance Act of 2011";WHEREAS, the records of this Commission show that subject corporation failed to submit the following reports within the prescribed period as required by the Corporation Code and prevailing rules and regulations on reportorial requirements:Reportorial RequirementsNot Filed Filed Late   General Information Sheet2007-2013-Financial Statements2006-2012-Stock and Transfer BookNot Registered WHEREAS, Section 141 of the Corporation Code requires every corporation to submit to this Commission its annual reports, such as General Information Sheet and Financial Statements, thus:"Every corporation, domestic or...