In re Marsteel Consolidated, Inc.
SEC-CFD Order No. 104-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jun 4, 2007
Full text
June 4, 2007 SEC-CFD ORDER NO. 104-07 IN THE MATTER OF MARSTEEL CONSOLIDATED, INC. VIOLATION OF SECTION 54 OF THE SECURITIES REGULATION C OD E ORDER MARSTEEL CONSOLIDATED, INC., having violated Section 54 of the Securities Regulation Code for the late filing of its Sworn Certification on the Attendance of its Directors to the 2006 board meetings, was penalized and required to pay a total penalty of THIRTY-NINE THOUSAND PESOS (P39,000.00). The company paid the aforementioned penalty on April 18, 2007 under Official Receipt Number 0049978. By this Order, the company is warned that, henceforth, it shall endeavor to take such measures as will ensure faithful compliance with the requirements of the said Rule. Otherwise, the Commission shall impose a heavier penalty upon the corporation and/or its responsible officers as warranted under SEC Memorandum Circular No. 6, Series of 2005 (Consolidated Scales of Fines). SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines, June 4, 2007. EcASIC (SGD.) JUSTINA F. CALLANGAN Director
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