SEC Admin Case No. 04-12-148 In the matter of: Madan Jiwan Lending and Trading Corp. Enforcement and Prosecution Department, Petitioner

PICC Secretariat Building, PICC Complex, Pasay City Securities and Exchange Commission Republic of the Philippines Department of Finance

MADAN JIWAN LENDING AND TRADING CORP In the matter of:

SEC Admin Case No. 04-12-148

DEPARTMENT, ENFORCEMENT AND PROSECUTION Petitioner

DECISION

corporation to immediately comply with the requirements of the as the Subpoena Duces Tecum / Ad Testificandum dated 26 ReVocation against MADAN JIWAN LENDING AND TRADING CORP for Refusal or Defiance of a Lawful Order of the Commission under Section 6[l][3] of P.D. 902-A, as amended. In its Letter-Order dated 26 PROSECUTION DEPARTMENT (EPD)1 directed the Respondent Lending Company Act, i.e. to deposit the Minimum Paid-up Capital and to obtain a Certificate of Authority to Operate as a Lending Company. Prior to this, Respondent had also refused the Notices of Conference dated 17 November 2011 and 14 December 2011, as well January December 2011. For the consideration of the En Banc is a Petition for 2012. the Commission's ENFORCEMENT AND

it appears that Respondent MADAN JIWAN LENDING & TRADING CORP. (SEC Registration. No. CS200619699) has not been submitting its reportorial requirements. from the time of its incorporation in 19 December 2006 to the present, or almost 11 years. Furthermore, there are reasonable grounds to believe that Respondent has not been operating since even before the filing of this case, since a Notice was posted in its corporate address stating that it Upon verification of its corporate records with the Commission,

1 Now known as the Enforcement and Investor Protection Department (EIPD).

In re: MADAN JIWAN LENDING v. EPD SEC Admin Case No. 04-12-148

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for continuous inoperation for more than 5 years. "M0VED 0UT" as early as February 2010, for more than 7 years now, without informing the Commission of any transfer/continuance of operations. Thus, the En Banc may alternatively grant Revocation pursuant to Section 6(1)(6) of PD 902-A as amended, for failure to file required reports, and Section 6(1)(4) of PD 902-A as amended.

Registration No. CS200619699 issued to MADAN JIWAN LENDING] AND TRADING CORP. is hereby REVOKED based on Sections 6(l)(6) and 6(l)(4). WHEREFORE, premises considered, the SEC Certificate of

(CRMD) be furnished a copy of this Decision. Let the Company Registration and Monitoring Department

SO ORDERED.

Pasay City, Philippines; 19 October 2017

TERESITA J.HERBOSA Chairperson

ANTONIETA F. IBE ix Atr.lhe Commissioner EPHYRO LUIS B. AMATONG Commissioner AWiAX

B Commissioner ERBO EMI Commi sioner OUINO