In the Matter of Tat Lakehill Golf & Country Club, Inc.
SEC-CFD Order No. 111-11 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • May 24, 2011
Full text
May 24, 2011 SEC-CFD ORDER NO. 111-11 IN THE MATTER OF TAT LAKEHILL GOLF & COUNTRY CLUB, INC. ORDER OF SUSPENSION The records on file with this Commission show the following violations committed by the subject company: Violations Penalty LATE FILING OF QUARTERLY REPORT (SEC FORM 17-Q) for the fiscal year October 1, 2009 to September 30, 2010 1st Quarter Report P80,600.00 2nd Quarter Report 204,600.00 3rd Quarter Report (4th violation) For Suspension NON-FILING OF CURRENT REPORT (SEC FORM 17-C) for Non-holding of Annual Meeting 2008 302,900.00 2009 130,800.00 NON-FILING OF GENERAL INFORMATION SHEET 2008 500.00 2009 500.00 Total P719,900.00 1 ========== In a letter dated October 26, 2010, the company requested reduction/waiver of penalties in view of its current financial situation. Pursuant to the Resolution of the Commission in its meeting on May 19, 2011, the company's request for reduction/waiver of the penalty is hereby DENIED and its Registration of Securities and Permit to Sell Securities are hereby SUSPENDED for a period of sixty (60) days from receipt of this Order or until it is able to pay the P719,900.00 penalty in full and file its Current Reports (SEC Form 17-C) for the non-holding of its 2008 and 2009 annual stockholders' meetings and General Information Sheets for 2008, 2009 and 2010. DCaSHI The Company is henceforth prohibited from offering or selling its securities to the public until this Order is lifted or set aside by the Commission. Failure of the Company to comply with this Order within the above-prescribed 60-day period shall be a ground for the Commission to immediately initiate proceedings for the revocation of its Registration of and Permit to Sell Securities. Let a copy of this Order be posted in the Commission's official website for the information and guidance of the public. SO ORDERED. EDSA, Mandaluyong City, May 24, 2011. (SGD.) JUSTINA F. CALLANGAN Director Footnotes 1. Computed as of July 5, 2010.
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