In re Jushin Financing and Leasing Corp.
SEC-CFD Order No. 030-08 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Mar 19, 2008
Full text
March 19, 2008 SEC-CFD ORDER NO. 030-08 IN THE MATTER OF JUSHIN FINANCING AND LEASING CORP. VIOLATIONS OF THE IMPLEMENTING R ULE S OF R.A. NO. 8556 (THE FINANCING COMPANY ACT OF 1998) AND THE CORPORATION C OD E OF THE PHILS. ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that JUSHIN FINANCING AND LEASING CORP. failed to file its 2006 4th and 2007 1st quarterly reports, 2006 Audited Financial Statements and 2006 General Information Sheet within the period prescribed by Section 13 (a) of the Rules and Regulations to Implement the Provisions of R.A. 8556 (The Financing Company Act of 1998) and Sec. 141 of the Corporation Code of the Philippines, respectively. As a result, the company was ordered to pay a fine of Thirty Two Thousand Six Hundred Pesos (P32,600.00) as shown by Official Receipt No. 0140480 dated March 18, 2008. 1upsec08 The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with the said rule and law. Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided for by law. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Metro Manila. March 19, 2008. (SGD.) JUSTINA F. CALLANGAN Director
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.