In re Tanduay Holdings, Inc.
SEC-CFD Order No. 117-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jun 25, 2007
Full text
June 25, 2007 SEC-CFD ORDER NO. 117-07 IN THE MATTER OF TANDUAY HOLDINGS, INC. VIOLATION OF SECTION 54 OF THE SECURITIES REGULATION C OD E ORDER TANDUAY HOLDINGS, INC., having violated Section 54 of the Securities Regulation Code for the late filing of its Certification on the Extent of Compliance with its Manual on Corporate Governance for the year 2006, was penalized and required to pay a total penalty of THIRTY-SEVEN THOUSAND PESOS (P37,000.00). The company paid the aforementioned penalty on June 13, 2007 under Official Receipt Number 0064567. 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 25, 2007. ACTISE (SGD.) JUSTINA F. CALLANGAN Director
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