June 3, 2014
SEC CRMD
IN THE MATTER OF PHILIPPINE FOREST CORPORATION
SEC Registration No. CS200519117
FOR : Revocation of Certificate of Registration for Violation of the Corporation Code and SEC Rules and Regulations on Reportorial Requirements
ORDER
WHEREAS, 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 Requirements | Not Filed | Filed Late |
| General Information Sheet | 2007-2013 | - |
| Financial Statements | 2006-2012 | - |
| Stock and Transfer Book | Not 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...
