In re Fil-Estate Land, Inc.
SEC-CFD Order No. 098-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • May 28, 2007
Full text
May 28, 2007 SEC-CFD ORDER NO. 098-07 IN THE MATTER OF THE FIL-ESTATE LAND, INC. VIOLATION OF RULE 17.1 (1) (A) (ii) OF THE SECURITIES REGULATION C OD E ORDER FIL-ESTATE LAND, INC., having violated Rule 17.1 (1) (A) (ii) of the Securities Regulation Code for the late filing of its 2007 1st Quarter Report (SEC Form 17-Q), was penalized and required to pay a total penalty of FIFTY FIVE THOUSAND FOUR HUNDRED PESOS (P55,400.00). The same was paid to this Commission on May 28, 2007 under Official Receipt No. 062567. The company is warned that, henceforth, it shall endeavor to take such measures as will ensure full compliance with the requirements of the said Rule, otherwise, the Commission shall be constrained to impose penalties corresponding to such subsequent repetition of the same violation in accordance with SEC Memorandum Circular No. 6, Series of 2005 (Consolidated Scale of Fines). SO ORDERED. EDSA, Mandaluyong, Metro Manila, Philippines. May 28, 2007. IaHCAD (SGD.) JUSTINA F. CALLANGAN Director
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