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Nestle Philippines v. CA PDF
Nestle Philippines v. CA PDF
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* FIRST DIVISION.
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FELICIANO, J.:
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1 Section 139.
2 Record, pp. 12-13.
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3 Id., p. 11.
4 Id.
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„(b) The Commission may, from time to time and subject to such
terms and conditions as it may prescribe, exempt transactions other
than those provided in the preceding paragraph, if it finds that the
enforcement of the requirements of registration under this Act with
respect to such transactions is not necessary in the public interest
and for the protection of the investors by reason of the small
amount involved or the limited character of the public offering.‰
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The rationale for this rule relates not only to the emergence
of the multifarious needs of a modern or modernizing
society and the establishment of diverse administrative
agencies for ad-
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8 E.g., Abejo, et al. v. Hon. Rafael dela Cruz, etc., et al., 149 SCRA 654,
669-670 (1987).
9 29 SCRA 617 (1969).
10 Id. See also Ramos v. Court of Industrial Relations, 21 SCRA 1282
(1967); Cagayan Valley Enterprises v. Court of Appeals, 179 SCRA 218
(1989); Santiago v. Deputy Executive Secretary, 192 SCRA 199 (1990).
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