In the Matter of Charton Financing Corp.
SEC-CFD Order No. 076-09 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • May 19, 2009
Full text
May 19, 2009 SEC-CFD ORDER NO. 076-09 IN THE MATTER OF CHARTON FINANCING CORP. VIOLATION OF THE IMPLEMENTING R ULE S OF R.A. NO. 8556 (The Financing Company Act of 1998) ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that CHARTON FINANCING CORPORATION paid late its 2007-2009 annual fees, prescribed by Section 8 of the Rules and Regulations to Implement the Provisions of R.A. 8556 (The Financing Company Act of 1998). TDEASC As a result, the company was ordered to pay a fine of Twenty-Nine Thousand Four Hundred Sixty-Eight Pesos and Seventy-Five Centavos (P29,468.75) which it paid on May 13, 2009 as shown by Official Receipt No. 0290922. The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with the said rules. Any further violation shall subject the company and/or its responsible officers to heavier penalties pursuant to SEC Memorandum Circular No. 6, Series of 2005 or Consolidated Scales of Fines. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Metro Manila. May 19, 2009. (SGD.) JUSTINA F. CALLANGAN Director
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