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Phil. Asso. of Srock Transfer & Registry Agencies Inc. vs. The Hon. CA, et al

PHILIPPINE ASSOCIATION OF STOCK TRANSFER AND REGISTRY AGENCIES, INC., Petitioner, versus THE HONORABLE COURT OF APPEALS; THE HONORABLE SECURITIES AND EXCHANGE COMMISSION; AND SEC CHAIRMAN PERFECTO R. YASAY, JR., Respondents.

G.R. No. 137321 | 2007-10-15

DECISION
 

QUISUMBING, J.:

This is a petition for review on certiorari seeking to reverse the Decision[1] dated June 17, 1998 of the Court of Appeals in CA-G.R. SP No. 41320, as well as its Resolution[2] dated January 13, 1999, denying the motion for reconsideration.

The facts are as follows.

Petitioner Philippine Association of Stock Transfer and Registry Agencies, Inc. is an association of stock transfer agents principally engaged in the registration of stock transfers in the stock-and-transfer book of corporations.

On May 10, 1996, petitioner's Board of Directors unanimously approved a resolution allowing its members to increase the...