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PHILIPPINE AIR LINES EMPLOYEES' ASSOCIATION v. CIR

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GR No. 136821
2002-10-17
ROVELS ENTERPRISES v. EMMANUEL B. OCAMPO
SANDOVAL-GUTIERREZ, J.
(P108,000.00). This was done because under Section 4 (a) of the Revised Securities Act, no shares of stocks shall be transferred unless first registered with the SEC or permitted to be sold.[5] On May 7, 1976, the SEC, in its Resolution No. 260,[6] granted Eduardo Santos' application.