In the Matter of Suburban Heights Ridgemont Tricycle Operators and Drivers Association, Inc.

February 12, 2009SEC CRMD CASE NO. 08-51IN THE MATTER OF SUBURBAN HEIGHTS RIDGEMONT TRICYCLE OPERATORS AND DRIVERS ASSOCIATION, INC.SEC REGISTRATION NO. 000121070AFOR : Petition for Revocation of Certificate of RegistrationDECISIONThis refers to the Petition dated November 19, 2008, for the revocation of the certificate of registration of the "Suburban Heights Ridgemont Tricycle Operators and Drivers Association, Inc." with SEC Registration No. 00012170A (SHRTODA for brevity). ECDaAcPetitioner, Suburban Heights Accessoria Ridgemont Tricycle Operators and Drivers Association, Inc. (SHARTODA, for brevity), is a domestic corporation, registered with the Commission on July 2, 2008 with principal office address at Blk. 4 Lot 12 Suburban Heights, Cainta, Rizal. Its primary purpose, as stated in its Articles of Incorporation, is to establish an organization that will represent the tricycle operators and drivers plying the route Suburban Heights-Accessoria Ridgemont and vice versa.Petitioner alleges the following:1. that the certificate of registration of SHRTODA was revoked by virtue of SEC Order dated July 8, 2003 due to non-filing of the reportorial requirements;2. that the officers of the SHRTODA in its desire to restore...