In re Grepalife Fixed Income Fund Corporation
SEC-CFD Order No. 111-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jun 15, 2007
Full text
June 15, 2007 SEC-CFD ORDER NO. 111-07 IN THE MATTER OF GREPALIFE FIXED INCOME FUND CORPORATION VIOLATION OF SECTION 54 OF THE SECURITIES REGULATION C OD E ORDER Grepalife Fixed Income Fund Corporation having violated Section 54 of the Securities Regulation Code for the late filing of its Sworn Certification on the attendance of its directors during board meetings in 2006, was penalized in the amount of Forty Four Thousand Pesos (P44,000) which it paid on June 15, 2007 under Official Receipt Number 0064714. By this Order, the company is warned that, henceforth, it shall endeavor to take such measures that will ensure faithful compliance with its reportorial obligations. 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 Scale of Fines). SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines, June 15, 2007. SICaDA (SGD.) JUSTINA F. CALLANGAN Director
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