In re RBO Group Financing Corp.
SEC-CFD Order No. 101-08 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Sep 15, 2008
Full text
September 15, 2008 SEC-CFD ORDER NO. 101-08 IN THE MATTER OF RBO GROUP 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 RBO GROUP FINANCING CORP. failed to pay its 2008 annual fee and submit its 1st semester interim financial statements within the period prescribed by Section 8 of the Rules and Regulations to Implement the Provisions of R.A. 8556 (The Financing Company Act of 1998) and Section 11.5 of SEC Memorandum Circular No. 13, Series of 2006, respectively. As a result, the company was ordered to pay a fine of Fifty Three Thousand Eight Hundred Pesos (P53,800.00) which it paid as shown by Official Receipt No. 0207518 dated September 11, 2008. The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with the said law and circular. Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided for by law and circular. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Metro Manila. September 15, 2008. CHTcSE (SGD.) JUSTINA F. CALLANGAN Director
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