March 18, 2014
SEC-CRMD CASE NO. 13-479
NATIONWIDE DEVELOPMENT CORPORATION, represented by ATTY. DEOGRACIAS G. CONTRERAS, JR., petitioner, vs. ATTY. CYNTHIA CORAZON G. ROXAS, respondent.
FOR : Cancellation of the Registration of Volume IX of Stock and Transfer Book
ORDER
Before this Commission is the Petition dated August 15, 2013, filed by Atty. Deogracias G. Contreras, Jr. representing NATIONWIDE DEVELOPMENT CORPORATION, praying for the cancellation of the registration of Volume IX of its Stock and Transfer Book.
The pertinent facts of the case are briefly stated as follows:
NATIONWIDE DEVELOPMENT CORPORATION (hereinafter "NADECOR") is a domestic stock corporation registered with the Commission on September 6, 1956 under SEC Registration No. 11636 with an extended term of fifty (50) years from and after September 6, 2006.
On September 14, 1977, Volumes I to III of the Stock and Transfer Book of NADECOR were registered with the Commission. Volumes IV to VIII thereof were simultaneously registered with the Commission as additional volumes to the previous registrations in anticipation of a planned public offering. 1
On August 12, 2013, Atty. Cynthia Corazon G. Roxas (hereinafter...