In re Things to Come Mission, Inc.

December 28, 2007 SEC EN BANC CASE NO. 09-07-0189 IN THE MATTER OF THINGS TO COME MISSION, INC. (SEC REG. NO. 13617) , petitioner . FOR : Lifting of Order of Revocation O R D E R Petitioner "Things To Come Mission, Inc." ("Petitioner") is a non-stock corporation registered with the Commission on February 20, 1958 under SEC Reg. No. 13617. Its principal office is located at Molave, Zamboanga del Sur. It was established as a corporate aggregate or a religious organization with a mission to evangelize the world, establish churches, to edify believers and to preach the distinctive message committed to the Apostle Paul. On May 26, 2003, Petitioner's Certificate of Registration was revoked pursuant to the Order dated April 22, 2003 for non-compliance with the Commission's reportorial requirements. Such Order was published in a newspaper of general circulation on April 25, 2003. It now prays for the lifting of the Order of Revocation based on the grounds that the "corporation is continuously operational, carrying out the purposes for which it was organized, and that it needs its registration for its legal existence". The grounds relied upon by petitioner in seeking the reconsideration of the Order of Revocation are justifiable. As proof of its continuous operation, Petitioner submitted the following documents, among others: a) 2006 Annual Income Tax Return; b) Minutes of Meeting of the Annual Workers Conference, April 24-27, 2007; and c) Minutes of the Board of Trustees' Meeting held on June 13, 2007. Petitioner further alleges that it has no intention to violate the law and henceforth, commits to immediately pay the penalties due and religiously comply with the SEC reportorial requirements. It also paid the penalty of Thirty Six Thousand Seven Hundred Fifty Pesos (Php36,750.00) the amount assessed by the Law and Regulation Division of the Company Registration and Monitoring Department (CRMD), under O.R. No. 0096050 dated September 10, 2007. AIcECS WHEREFORE, premises considered, the Order of Revocation dated April 22, 2003 of Things To Come Mission, Inc. is hereby SET ASIDE. Let a copy of this Order be furnished the Company Registration and Monitoring Department (CRMD) for implementation and attachment to the corporate records of Petitioner on file with the Commission. The Economic Research and Information Department (ERID) is hereby directed to delete the name of Petitioner from the List of Revoked Corporations immediately upon receipt of this Order. SO ORDERED. Mandaluyong City, December 28, 2007. (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