In re C.A. Network, Inc.

May 12, 2008 SEC EN BANC CASE NO. 08-07-0168 IN THE MATTER OF C.A. NETWORK, INC. (S.E.C. REG. NO. A1997-15182) , petitioner. FOR: SETTING ASIDE ORDER OF REVOCATION O R D E R Petitioner C.A. Network, Inc. is a stock corporation registered with the Commission on 29 August 1997. 1 Petitioner was organized primarily to engage in the marketing, distribution and sale of AMWAY products. 2 Petitioner holds office at B17, L3B Phase F. Francisco Homes, Brgy. Narra, San Jose del Monte City, Bulacan. On 15 March 2004, petitioner's Certificate of Registration No. A1997-15182 was revoked by virtue of SEC Order dated 10 February 2004 for non-compliance with the Commission's reportorial requirements. The said order was published in a newspaper of general circulation on 14 February 2004. Petitioner seeks reconsideration of the Order revoking petitioner's registration on the ground that the majority of the board of directors of petitioners' decided to activate the corporation and continue commercial operation. 3 Further, the non-submission of the required reports was due to plain oversight. As proof of its intent to continue its business operation, petitioner submitted copies of the following: 1. Business Permit No. Narra-15-59-2007 issued by the Office of the Mayor of City of San Jose del Monte, Bulacan; 2. Business Permit No. Narra-15-62-2008 issued by the Office of the Mayor of City of San Jose del Monte, Bulacan; 3. Certificate of Registration issued by the Bureau of Internal Revenue, Revenue Region No. 005, Revenue District No. 025; 4. Barangay Business Clearance issued by Barangay Captain Reynante B. Ponay on 14 January 2008; 5. Certificate of Creditable Tax Withheld at Source for the period From 01 January 2006 to 31 December 2006; and 6. Certification dated 10 January 2008 from Amway Philippines, LLC stating that under the Diamond Auto-Renewal Program, C.A. Network, Inc.'s Philippine business is automatically renewed in its database as an exclusive service for Independent Business Owners who have attained the minimum requirement of Diamond Distributorship in any global market. Petitioner further alleges that it has no intention to violate the law and henceforth, commits to comply with the rules and regulations of the Commission regarding the submission of reports. As a matter of fact, petitioner already paid the penalty in the amount of Nineteen Thousand Pesos (Php19,000.00) on 30 August 2007 as evidenced by Official Receipt No. 0089725. WHEREFORE, premises considered, the Order of the Commission dated 10 February 2004 revoking the Certificate of Registration of C.A. NETWORK, INC. is hereby SET ASIDE. Let a copy of this Order be furnished the Company Registration and Monitoring Department and the Economic Research and Information Department of this Commission for their appropriate action. SO ORDERED. Mandaluyong City. May 12, 2008. (SGD.) FE B. BARIN Chairperson (SGD.) MA. JUANITA E. CUETO Commissioner (SGD.) JESUS ENRIQUE G. MARTINEZ Commissioner (SGD.) RAUL J. PALABRICA Commissioner (SGD.) THADDEUS E. VENTURANZA Commissioner Footnotes 1. Petitioner's Certificate of Registration. 2. Petitioner's Articles of Incorporation, 2nd Article. 3. Petition, p. 1. TaHIDS