In re Camarines Minerals, Inc.
SEC-CFD Order No. 144-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Aug 29, 2007
Full text
August 29, 2007 SEC-CFD ORDER NO. 144-07 IN THE MATTER OF CAMARINES MINERALS, INC. VIOLATION OF SECTION 54 OF THE SECURITIES REGULATION C OD E ORDER Camarines Minerals, Inc. 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 Twenty Thousand Eight Hundred Pesos (P20,800.00) which it paid on August 28, 2007 under Official Receipt Number 00546922. 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, August 29, 2007. DEIHAa (SGD.) JUSTINA F. CALLANGAN Director
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