In re Minuyan Proper Farmers Association, Inc.

February 18, 2008 SEC EN BANC CASE NO. 12-07-0296 IN THE MATTER OF MINUYAN PROPER FARMERS ASSOCIATION, INC. (SEC REG. NO. ANO94-001297) , petitioner. FOR: LIFTING OF THE ORDER OF REVOCATION O R D E R Petitioner MINUYAN PROPER FARMERS ASSOCIATION, INC. is a non-stock, non-profit corporation registered with the Commission on March 30, 1994 for the purpose of improving the standard of living of its members and of imparting to them knowledge about farming. It has its principal office address at Ground Floor, Tolentino Bldg., Ipo Road corner Road 1, Brgy. Minuyan Proper, City of San Jose del Monte, Bulacan. On November 3, 2003, Petitioner's Certificate of Registration No. ANO94-001297 was revoked for non-compliance with the Commission's reportorial requirements, pursuant to the Order of Revocation dated September 30, 2003 which was published in the Philippine Daily Inquirer on October 4, 2003. Petitioner now prays for the lifting of said Order of Revocation based on the grounds that the "(m)embership is still intact and continues to embrace its common goals and objectives" and the "(b)rotherhood and camaraderie is still present." In support of its Petition, Petitioner submitted its 2007 General Information Sheet and 2006 Financial Statements. As proof of its continued operation, Petitioner also submitted the following documents: a) Barangay Business Clearance for the year 2007 issued on November 29, 2007; and b) Minutes of the Board of Directors' meeting held every 15th of the month from February to September 2007. AcIaST 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. It has also actually paid in full the penalty in the total amount of Eleven Thousand Pesos (P11,000.00) as assessed by the Law and Regulation Division of the Company Registration and Monitoring Department and evidenced by Official Receipt Number 0132132 dated January 16, 2008. 2008sec1strel WHEREFORE, premises considered, the Order of the Commission dated November 3, 2003 revoking the Certificate of Registration of Minuyan Proper Farmers Association, Inc. is hereby SET ASIDE . Let a copy of this Order be furnished the Company Registration and Monitoring Department (CRMD), Law and Regulation Division, and the Economic Research and Information Department (ERID) of this Commission for their appropriate action. SO ORDERED. Mandaluyong City. February 18, 2008. (SGD.) FE B. BARIN Chairperson (SGD.) MA. JUANITA E. CUETO Commissioner (SGD.) JESUS ENRIQUE G. MARTINEZ Commissioner (SGD.) RAUL J. PALABRICA Commissioner on official leave THADDEUS E. VENTURANZA Commissioner