In re eBIZ Financial Services, Inc.
SEC-CFD Order No. 172-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Oct 25, 2007
Full text
October 25, 2007 SEC-CFD ORDER NO. 172-07 IN THE MATTER OF eBIZ FINANCIAL SERVICES, INC. VIOLATION OF THE IMPLEMENTING R ULE S OF R.A. NO. 8556 (THE FINANCING COMPANY ACT OF 1998) O R D E R eBIZ FINANCIAL SERVICES, INC. having violated Sections 8 and 13 (a) of the Rules and Regulations to Implement the Provisions of R.A. No. 8556 (The Financing Company Act of 1998) for late payment of its 2006 and 2007 annual fees and late filing of its 2006 and 2007 1st and 2nd quarterly reports was required to pay the penalty of One Hundred Thousand Pesos (P100,000.00) which it paid on October 19, 2007 under Official Receipt No. 106746. The corporation is warned that, henceforth, it shall endeavor to adopt such measures as will ensure faithful compliance with the requirements of the said Rules. Otherwise, a heavier penalty shall be imposed upon the corporation and/or its responsible officers. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Metro Manila. October 25, 2007. STcEaI (SGD.) JUSTINA F. CALLANGAN Director
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.