In the Matter of Floaran Financing Corporation
SEC-CFD Notice and Order • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jul 26, 2005
Full text
July 26, 2005 IN THE MATTER OF FLOARAN FINANCING CORPORATION APPLICATION FOR A CERTIFICATE OF AUTHORITY TO ESTABLISH OR OPERATE A BRANCH OFFICE NOTICE AND ORDER Notice is hereby given that the above-named corporation has filed an application for a Certificate of Authority to establish or operate a branch office in Lopez, Quezon, pursuant to Section 6 of the Rules and Regulations to Implement the Provisions of R.A. No. 8556 (The Financing Company Act of 1998). Capital Structure of the Applicant: Authorized Capital Stock P25,000,000.00 Subscribed Capital Stock 12,500,000.00 Paid-up Capital Stock 3,624,832.00 According to the papers/documents presented, the following persons are the directors/officers of the corporation: Name Position Elvira A. Florido President/Chairman Ester P. Arandela Director/Vice-President Joel Marciano A. Florido Director Henry L. Arandela Director Bella G. Olea Director/Secretary Ma. Encarnacion L. Lerum Treasurer Ditas O. Villanueva Branch Manager Merly D. Madronio Branch Cashier Roberto A. Olea Branch Administrative Officer This Notice and Order shall be published in a newspaper of general circulation in the Philippines once a week for two (2) consecutive weeks and shall be simultaneously posted in a public and conspicuous place in the City/Municipality where the office of the company is proposed to be located and in the office of the Commission. Any interested party may oppose the application in writing, personally or through counsel within two (2) weeks after the last publication of the Notice. If the Commission finds that the requirements of R.A. No. 8556, the Implementing Rules and Regulations and other pertinent laws have been complied with and no valid reason exists for the disapproval of the subject application, the Commission shall take appropriate action on said application. IEAHca SO ORDERED. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on July 27 & August 1, 2005 .
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