Professional Documents
Culture Documents
SEC Verified Petition Promoworks (FINAL-01-16)
SEC Verified Petition Promoworks (FINAL-01-16)
SEC Verified Petition Promoworks (FINAL-01-16)
2/11 PROMOWORKS
MARKETING, INC.
Respondent.
x ---------------------------------x
PETITION
(To Compel Respondent to Change Its Corporate
Name)
-----------------------------------------------------------Petitioner
PROMO
WORKS,
INC.,
throughthe
undersigned counsel and unto this Securities and Exchange
Commission (SEC for brevity), most respectfully states
that:
I
PREFATORY STATEMENT
This petition seeks to compel the respondent to change
its corporate name and be barred from using the same on
the ground that respondents corporate name causes
confusion among its customers / clients, as well as the
public, under Section 18 of the Corporate Code which
provides that:
Section 18.
Corporate Name. No
corporate name may be allowed by the
Securities and Exchange Commission if
the proposed name is identical or
deceptively or confusingly similar to that
20.
In Manila Credit Corp. vs. Credit Manila, Inc., SEC
Case No. 3347, July 27, 1990, this Honorable Commission
required the change of respondent Credit Manila, Inc.s
corporate name:
Secondly, when respondent filed its
amend articles of incorporation changing
its previous name from Urban Credit, Inc. to
Credit Manila, Inc. on July 10, 1981,
complainant was already in existence having
been registered with SEC on June 8, 1977 and
therefore, complainant had acquired a
prior right to use its corporate name. To
allow respondent to continue using its
corporate name nothwithstanding the
continued existence of complainant will
certainly violate section 18 of the
Corporation Code. (Emphasis added)
21.
All told, the instant petition should be granted and the
defendant should be compelled to change its registered
corporate name and be forever banned from using the name
2/11 Promoworks Marketing, Inc.
PRAYER
WHEREFORE, it is respectfully prayed that after
Hearing, this Honorable Commission issue an Order as
follows:
(1)
(2)
(3)
2.
3.
4.