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Philippine Stock Exchange, Inc. vs. Court Of Appeals, et al.

PHILIPPINE STOCK EXCHANGE, INC., petitioner, vs. THE HONORABLE COURT OF APPEALS, SECURITIES AND EXCHANGE COMMISSION and PUERTO AZUL LAND, INC., respondents.

G.R. No. 125469 | 1997-10-27

D E C I S I O N

TORRES, JR., J:

The Securities and Exchange Commission is the government agency, under the direct general supervision of the Office of the President, 1 with the immense task of enforcing the Revised Securities Act, and all other duties assigned to it by pertinent laws. Among its innumerable functions, and one of the most important, is the supervision of all corporations, partnerships or associations, who are grantees of primary franchise and/or a license or permit issued by the government to operate in the Philippines. 2 Just how far this regulatory authority extends, particularly, with regard to the Petitioner Philippine...