ALPHANETWORLD CORPORATION doing business under the name and style of NWORLD SEC Registration No. CS201513594

Securities and Exchange Commission Republic of the Philippines Department of Finance COMPANY REGISTRATION AND MONITORING DEPARTMENT IN THE MATTER OF: doing business under the name and style of NWORLD SEC Registration No. CS201513594, ALPHANETWORLD CORPORATION Respondent. SEC CRMD CaSe No. MP 22-038 For: Revocation of the Certificate of July 2015 on the ground of fraud in the procurement of Registration approved on 19 Certificate of Registration. ORDER on 9 July 2015 with SEC Reg. No. CS201513594 and with principal office address at 6th floor Belvedere Tower Condominium, San Miguel Avenue, Ortigas Business District, Pasig City. NWORLD ("Alphanetworld" or "Corporation") is a stock corporation registered with the Commission ALPHANETWORLD CORPORATION doing business under the name and style of of Internal Revenue ("BIR"), dated 15 October 2015, which provides that the respective Taxpayer Identification Number ("TIN") of Josarah L. Nolasco, Lazarus O. David and Emily Ann Bacolod are invalid, to wit: A Formal Charge, dated 09 March 2022, was issued on the basis of a validation from Bureau (Emphasis supplied. Juluis Allan G. Nolasco Emily Ann Bacolod Pierre Jasper Bacolod Josarah L. Nolasco June Paolo G. Nolasco Lazarus O. David Jennet S. Gorospe Ma. Jacyn Tecson Name 301-929-506-000 207-375-007-000 237-844-375-000 268-344-028-000 207-709-391-000 906-375-572-000 221-062-876-000 212-307-873-000 TIN Invalid TIN Invalid TIN Invalid TIN Remarks Valid TIN Valid TIN Valid TIN Valid TIN Valid TIN 2022, the Corporation, through counsel, filed its Verified Answer via registered mail. Alphanetworld to file its Verified Answer within fifteen (15) calendar days from receipt. On 25 March The Formal Charge, which was received by the Corporation on 10 March 2022, directed the 05 90 Scan the QR to verify the document SEC CRMD CASE NO. MP 22-038 Page 2 of 4 and Emily Ann Bacolod's TIN 716-970-885 was verified by BIR RD0-43 (Pasig City) and BIR RD0-38 (Quezon City), respectively. However, as verified by BIR RDO-43 (Pasig City), the TIN of Lazarus O. David is 481-385-430 and not 207-375-007, as reflected in the subject Articles of Incorporation. In its Verified Answer, Respondent manifested that Josarah L. Nolasco's TIN 301-929-506 ISSUE business under the name and style of NWORLD should be revoked on the ground of fraud in its procurement. Whether the Certificate of Registration of ALPHANETWORLD CORPORATION doing RULING a corporation and its relations with the State, to which it owes its privilege of license to exist.1 The the requirements under the law before a corporation can be issued its Certificate of Incorporation. It should be emphasized that among the laws that are required to be complied with is Executive Order Number 98, dated 28 April 1999. The said Executive Order mandates all government agencies to include the Tax Identification Number (TIN) as part of the essential requirements in all applications. Being an essential requirement, the fling of an Articles of Incorporation without the TIN would be Articles of Incorporation must be evaluated and approved by the Commission to be in accordance with Articles of Incorporation. disapproved. Likewise, providing an invalid TIN or non-existent TIN would cause the revocation of the A corporation's Articles of Incorporation is in essence the document defining the character of fraud in the procurement of the same2. Furthermore, under SEC Resolution No. 359, series of 2010, the Commission authorized the Company Registration and Monitoring Department to revoke the Certificate of Registration of registered corporations if any of the incorporator submits false tax identification number, among others. The Commission has the authority to revoke the Articles of Incorporation if finds that there is fraud attendant in the registration of the corporation and must be contained and connected with the documents and/or papers presented to the Commission for registration of the said corporation3 David) was due to human error and excusable oversight. Respondent attached in its Verified Answer argued that the erroneous TIN of Mr. Lazarus O. David (Mr. Fraud as a ground for the revocation of a Certificate of Registration of a corporation refers to We are not convinced. the Notary Public as proof of his competent evidence of identity, a screenshot of the acknowledgment page of said Articles of Incorporation is reproduced as follows: The subject Articles of Incorporation would reveal that Mr. David presented his TIN Card to Batas Pambasa Bldg. 68, otherwise known as the Corporaton Code of the Philippines. 3 Urban Poor of Pasig Incorporated vs Nonesto Rivera. SEC Case No. 02-94-4869 (December 26, 1995). 1 In the matter of Talbot and Reese, Inc., SEC Administrative Case No. 05-10-116, February 16, 2012; see Section 17 of the 2 Section 6(i) (1) of Presidential Decree No. 902-A 0e :0 Scan the QR to verify the document SEC CRMD CASE N0. MP 22-038 Page 3 of 4 X ACKNOWYLEDGFMENT X of tc Puippanow) WwEZUN a: SS BEFORE ME, Jb[Dtzm5ubic in ard for proaf of idemtity imdicate opposite their respect vo xanmes: E QUEZON H persors wt tetx eseetw Metro Maniln, the A Icutns JTJLUISALLAN G.NOLASCT 3 JOSARAHLNTIASC 0 EMILY ANN BACOLOD LAZARUSO PIPRRRJASPERBACOIOE AVE EE IENNET S GOROSPE MA JACYNTECSCN 771-7 T .C x X **2 etD PBYK Pote. No Book Seres of 0is established from the records of this case is that Mr. David deliberately presented TIN Card 207-375- The difference of the two TINs is very glaring 207-375-007 vis-a-vis 481-385-430. It is highly inconceivable for Mr. David and the Notary Public not to detect the disparity. What can clearly be 007 to the Notary Public. Thus, Respondents argument that the erroneous TIN of Mr. David was due to human error and excusable oversight does not hold water. contrary thereto, the Acknowledgement portion of the subject Articles of Incorporation states that Mr. David appeared before the Notary Public and presented his proof of identity, TIN Card 207-377-007. Respondent, in its Answer, alleged that the verified TIN of Mr David is 481-385-430. However, invalid. To reiterate, under SEC Resolution N0. 359, series of 2010, the Commission authorized the Company Registration and Monitoring Department to revoke the Certificate of Registration of SEc Resolution is clear, if any of the incorporator submits false TIN, the same will warrant the revocation of the Certificate of Registration. The number of incorporators that submitted false TINs is which is more than the minimum requirement of five (5) incorporators. In the present case, Respondent was able to allegedly validate two (2) out of the three (3) TINs initially declared to be registered corporations if any of the incorporator submits false tax identification number. The immaterial. Respondent further argued that the number of incorporators of Alphanetworld is eight (8) In the case at hand, Alphanetworld was given an opportunity to be heard. Respondent was able to file was violated is without basis. It is well to note that the Supreme Court in the case of Magcamit vs! Internal Affairs Services-Philippine Drug Enforcement Agency4 held that due process in administrative its Verified Answer; thus, Respondent's right to due process was not violated. cases is simply an opportunity to explain one's side or to seek a reconsideration of the action or ruling On the issue of due process, Respondent argued that its right to speedy disposition of cases 4 G.R. No. 198140, January 25, 2016 Dc Scan the QR to verify the document SEC CRMD CASE NO. MP 22-038 Page 4 of 4 be acted upon. As it stands, there is no valid Articles of Incorporation as the same was procured through fraud. Without a valid Articles of Incorporation, there is nothing to correct, to begin with. Finally, notwithstanding Respondent's filing of a Petition for Correction, the same could not ground for the revocation of the Corporation's Certificate of Incorporation. Incorporation constitutes fraud in the procurement of the certificate of registration, which is a valid All things considered, the use of an invalid and false TIN on Alphanet's Articles of of ALPHANETWORLD CORPORATION doing business under the name and style of NWORLD registered on 9 July 2015 under SEC Reg. No. CS201513594, is hereby REV0KED WHEREFORE, in view of the above-stated legal and factual bases, the Certificate of Registration this Department to the corporate records of the subject corporation on file with this Commission and its "revoked" status be entered in the SEC online database by the Information and Communications Let a copy of this Order be attached by the Corporate Filing and Records Division (CFRD) of Technology Department (ICTD) of this Commission. SO ORDERED Done in Pasay City, Philippines, this 28th day of July 2022 ATTY.GERARDQDEL ROSARIO Dye tor Scan the QR to verify the document