sec_order REVOCATION ORDER AGAINST FORTY-SEVEN (47) DELINQUENT FINANCING CORPORATIONSREVOCATION ORDER AGAINST FORTY-SEVEN (47) DELINQUENT FINANCING CORPORATIONS

REVOCATION ORDER AGAINST FORTY-SEVEN (47) DELINQUENT FINANCING CORPORATIONS

Securities and Exchange Commission Republic of the Philippines Department of Finance PIL FINANCING AND LENDING COMPANIES DEPARTMENT IN THEMATTEROF SEC No. FinLenD ORDER No.2025- 29 PHILIPPINE SHARES CORPORATION COSMOPOLITAN REALTY CORP. ESNA FINANCING AND INV. CORP. FAITH UNLIMITED FINANCING CORP. PHIL.HOLDING INC E.T.KALAWMGT.CO.INC SMIFG XX INCORPORATED 37060 19893 26222 33889 34141 40829 3249 FOR: FINANCING AND LENDING COMPANY CERTIFICATE OF AUTHORITY TO OPERATE REVOCATION INCORPORATION OF AND REVOCATION ARTICLES OF OF A INANCING CORP 48608 UO FINANCE CORP. PACIFICSECURITIES INC 67821 72091 PTII TIVV ISLAND VENTURES INC. AND FINANCE CORPORATION ECHNOLOGY CORP. 84677 90205 93106 O 175649 TRANSFARM FINANCE & LEASING CO. INC. EBIZFINANCIALSERVICES.INC CENTENNIAL FINANCING CORP. WVISSF MIINTI INANCE &INV.INC I FINANCING CORPORATION E CARLOAN CORP NANCE PHILS.CORP. CIES INC. G CORP ION SERVICES INC. VICES HUB,INC AS199812118 AS200207593 AS199717088 AS199717088 CS200310782 CS200505016 CS200309925 CS200901044 CS201101541 A200015083 AS96000392 SUN FINANCE COMPANY,INC. HILIPPINES FINANCING CORPORATION RPORATION CS201102283 CS201118637 CS201304897 ADEQU8 FINANCING INC. JAS COMPREHENSIVE COLLECTION SERVICES, INC. YESCREDIT FINANCING.INC DKF AER UNE CREDIT AND FINANCE INC. VA NCECORPORATION CIFICCAPITALCOMPANY.INC CS201618995 CS201620865 CS201512738 CS201521861 CS201522020 CS201522179 STATE UNION FINANCE INC. ALTRIO GROUP OF COMPANIES MANILA INC SASHX DREMSTARL INANCING, INC CORPORATION CS201704135 CS201818195 CS201815273 CS201842082 MANGO CASH FINANCING CORPORATION ECREDIT FINANCE INC. OKANE FINANCING CORPORATION Sun( DG litPh Finar FINANCE CORPORATION nce Corp CS201909839 CS201904447 CS201906540 CS201918601 CS201919430 CASHONEXPRESS LIMITED, INC. CASHPAPA FINANCEINC ALWAYS FORTUNE INTERNATIONAL INC ASSET FORWARD FINANCING INC CS201956438 CS202000005 CS202002090 CS201918552 Respondents. ORDER OF REVOCATION already entered in the Commission's records. This refers to the Corporations enumerated above, all referred to as "Respondents," with Delinquent Status intermittently, within a period of five (5) years. under delinquent status in case of failure to submit the reportorial requirements three (3) times, consecutively or Section 177 of the Revised Corporation Code provides that the Commission may place any corporatior 21 and 166 of the Revised Corporation Code (Guidelines").Section 8 of the Guidelines provides that if a on Declaration of Delinquent Status and Revocation of Certificate of Registration of Corporations under Sections corporation fails to file its financial statements and/or General Information Sheet for three (3) times,consecutively corporation's records in the Commission's database and issue the corresponding order. or intermittently, within a period of five (5) years, the Commission shall enter a "Delinquent Status" in said Relative thereto, the Commission issued Memorandum Circular No. 19, Series of 2023, or the Guidelines Scan the QR to verify the document Re: Order of Revocation Page 2 of 2 in the Commission's records shall have a period of six (6) months from receipt of the Order of Delinquency to submit as applicable, its: (a) Audited Financial Statements; (b) General Information Sheet; (c) director or trustee compensation report; and (d) director or trustee appraisal or performance report and the standards or criteria used to assess each director or trustee. Section 9 of the Guidelines further provides that a corporation with a "Delinquent Status"already entered the Commission is authorized to enter a "Revoked Status" in said corporation's records in the Commission's database and issue an order of revocation. Section 10 of the Guidelines provides that if a corporation fails to comply with Section 9, as cited above, avail of the amnesty to avoid being classified as delinquent. All the Respondents failed to avail of the amnesty. Hence, the Respondents' corporate status was changed to Delinquent. times, within a period of five (5) years. On 17 October 2023, the Respondents were notified by the Commission to The Respondents failed to file their financial statements and/or their General Information Sheet three (3) and (d) director or trustee appraisal or performance report and the standards or criteria used to assess each their (a) Audited Financial Statements; (b) General Information Sheet; (c) director or trustee compensation report; director or trustee. As of this writing, all the Respondents failed to comply with Section 9 of the Guidelines by failing to submit TWENTY XX INCORPORATED, BATAAN FINANCING CORP., AMALGAMATED PACIFIC SECURITIES INC., CASH COLLECTION SERVICES INC., EBIZ FINANCIAL SERVICES, INC., CASH ANYWHERE SERVICES HUB, INC., INC., RUSH AND CASH PHILIPPINES FINANCING CORPORATION,YESCREDIT FINANCING, INC., CENTRAL PACIFIC CAPITAL COMPANY, INC., JAS COMPREHENSIVE COLLECTION SERVICES, INC., KERSON FINANCE existing rules, the Articles of Incorporation and Certificates of Authority to Operate a Financing or Lending Company of PHIL HOLDING INC., COSMOPOLITAN REALTY CORP., PHILIPPINE SHARES CORPORATION, E.T. KALAW MGT. CO. INC., ESNA FINANCING AND INV. CORP., FAITH UNLIMITED FINANCING CORP., OMEGA CORPORATION, CORPORATE ISLAND VENTURES INC., ISLA FINANCE CORP., TRANSFARM FINANCE & CORP., SWISS FINANCE & INV. INC., BOROUGH FINANCING CORP., UNITED TREE CAR LOAN COP., GREEN MUNTICASH FINANCING CORPORATION, LIFE BOND FINANCING CORPORATION, SUN FINANCE COMPANY revoke Certificates of Registration and of Authority of erring financing and lending companies in accordance with HOUSEHOLD FINANCE CORP.,FINANCE & INV.TECHNOLOGY CORP., ADVENT CAPITAL AND FINANCE LEASING CO. INC., MEGA CURRENCIES INC., CENTENNIAL FINANCING CORP., PACIFIC ACE FINANCE PHILS. CORPORATION,ADEQU8 FINANCING INC., PK FORTUNE CREDIT AND FINANCE INC,ALTRIO GROUP OF WHEREFORE, pursuant to SEC Office Order No. 545, series of 2023, granting the FinLenD the authority to COMPANIES MANILA INC.,CASHX FINANCING,INC.,STATE UNION FINANCE INC.,PREMSTAR CORPORATION, OKANE FINANCING CORPORATION EDUCREDIT FINANCE E CORPORATION, MANGO CASH FINANCING hereby REVOKED for their failure to comply with Section 9 of the Guidelines on Declaration of Delinquent Status FORTUNE INTERNATIONAL INC., CASHONEXPRESS LIMITED, INC., ASSET FORWARD FINANCING INC., are and Revocation of Certificate of Registration of Corporations under Sections 21 and 166 of the Revised Corporation CORPORATION,ECREDIT FINANCEINC.,SU UNCREDIT.PH FINANCE CORP.,CASHPAPA FINANCE INC.,ALWAYS Code. This Order shall be immediately executory. SO ORDERED. Done in Makati City, Philippines, this27th day of May 2025 ATTY. KENNETH JOYA. QUIMIO Mw OIC-Direqtbf Scan the QR to verify the document

Want an analysis of this document?

Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.