In the Matter of Mega Dynamic Trading, Inc.

December 24, 2008 SEC EN BANC CASE NO. 11-08-0549 IN THE MATTER OF MEGA DYNAMIC TRADING, INC. SEC REGISTRATION NO. AS95008503 FOR : Setting Aside the Order of Revocation of the Certificate of Registration O R D E R Petitioner, MEGA DYNAMIC TRADING, INC., is a stock corporation registered with the Commission on 30 August 1995 under SEC Registration No. AS95008503, with principal office address at Scout Santiago cor. Marathon St., Quezon City, as stated in its Articles of Incorporation. cIDHSC On 3 November 2003, its Certificate of Registration was revoked by the Commission, by virtue of SEC Order dated 30 September 2003, published on 4 October 2003 in the Philippine Daily Inquirer, for non-filing of reports. Petitioner now prays for the setting aside of the Order of Revocation dated 30 September 2003, on the following grounds: 1. that Petitioner intends to continue its operation; and 2. that there was no intention to violate the law and the Commission's rules and regulations. In support of its Petition, Petitioner submitted the following documents: 1 1. Directors' Certificate dated 01 July 2008, certifying that at the special joint meeting of the Board of Directors and stockholders, held on 15 April 2008, at its principal office at Scout Santiago cor. Marathon St., Quezon, at which a quorum was present, the resolution allowing the filing of Petition to Set Aside Order of Revocation was approved; 2. Photocopies of Business Permit for the years 2005 to 2008, Quezon City; 3. Photocopies of Bureau of Internal Revenue Form 1702-Annual Income Tax return for the years 2005 to 2007, received by the BIR-Revenue District Office 39, Quezon City; 4. Photocopies of Bureau of Customs form and an Official Receipt dated 14 June 2007 issued by Land Bank of the Philippines BOC-MICP Extension Office (Collecting Agent). aHADTC Petitioner submitted its 2008 General Information Sheet and 2007 Financial Statements to prove its intention to continue its registration with the Commission. It also commits to immediately pay the fines as due. On 4 November 2008, Petitioner paid a fine of P11,000.00, under Official Receipt No. 0227330 for non/late filing of the following, on the years indicated hereunder: HCaIDS REQUIREMENTS NOT FILED FILED LATE General Information Sheet 1996-2006 2008 Financial Statements 1996-2005 WHEREFORE, finding the submitted documents sufficient to establish the Petitioner's operation since 2005 and its intent to continue as a juridical entity, the Order of the Commission dated 30 September 2003, revoking the Certificate of Registration of the MEGA DYNAMIC TRADING, INC., is hereby SET ASIDE. SDATEc SO ORDERED. Mandaluyong City, December 24, 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. Photocopies are faithful reproductions of the originals of the documents.