Mr. Edgardo H. Cayton
SEC Opinion • Securities and Exchange Commission • Opinions • Mar 18, 1982
Full text
March 18, 1982 Mr. Edgardo H. Cayton c/o National Housing Authority Provident Fund Association, Inc. Quezon Memorial Elliptical Road Diliman, Quezon City Sir : This is to acknowledge receipt of your letter dated February 12, 1982, requesting this Commission to allow the National Housing Authority Provident Fund Association, Inc. to waive the requirement provident under Articles VI, Sec. I, of its by-laws, to wit: "That the annual meeting of members shall be held at the NHA Building, Elliptical Road, Diliman, Quezon City, unless another place within the Philippines is so designated by the board of Trustees, in the afternoon of the last Friday of February." Please be informed that in view of the reasons stated therein and considering that the association will hold a general membership meeting a day earlier than the scheduled date prescribed in the By-laws, this Commission will not interpose any objection thereto; Provided, that proper notice is sent to all members indicating the date, time and the place of the meeting and provided, further, that the place of meeting shall be within the Philippines, pursuant to Section 93 of the Corporation Code. Please be guided accordingly. LexLib Very truly yours, (SGD.) ROSARIO N. LOPEZ Associate Commissioner
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