NCRFA asks PFF to "cease and desist"
THE National Capitol Region Football Association has asked Philippine Football Federation president Juan Miguel Romualdez to "cease and desist from discharging his functions" after the PFF's certificate of registration was revoked by the Securities and Exchange Commission (SEC).
The PFF's registration was revoked last Nov. 3, 2003 yet but this was found out only last May. The PFF Board of Governor met last week to address the issue, while the Philippine Olympic Committee has asked former PFF president Rene Adad to help in having the registration reinstated.
The NCRFA argued in its letter to Romualdez, a copy of which was faxed to Sun.Star Cebu, "You and your cohorts are discharging functions and duties pertaining to validly and duly elected officers of a corporation, making it appear that you are possessed of such powers, when in truth and in fact, you have none."
The letter asks Romualdez to "cease and desist from performing and discharging acts in violation of Section 122 of the corporation code and to turn over the reign of the PFF to Adad."
Asked for his reaction, Romualdez said, "No comment, I have consulted this with my lawyer."
The NCRFA also argued that the person best suited to deal with the issue of the SEC registration is Adad.
"You will recall that Mr. Adad was not only the president prior to the revocation, but a member of the Board of Governors as well," the NCRFA letter, signed by its corporate secretary and counsel, Rommel A. Frias.
In an earlier interview, Adad said he is willing to help the PFF with the issue and also said they are not concerned with issues on the current official's legitimacy but are more focused on having the SEC registration re-instated.
The NCRFA also asked the PFF "to extend courtesy to our representatives whom we will send to PFF's principal office on Friday at 9 a.m. to inspect, examine and copy the records of business transactions, including, but not limited to the financial, operational and marketing activities of PFF."
The PFF's registration was revoked last Nov. 3, 2003 yet but this was found out only last May. The PFF Board of Governor met last week to address the issue, while the Philippine Olympic Committee has asked former PFF president Rene Adad to help in having the registration reinstated.
The NCRFA argued in its letter to Romualdez, a copy of which was faxed to Sun.Star Cebu, "You and your cohorts are discharging functions and duties pertaining to validly and duly elected officers of a corporation, making it appear that you are possessed of such powers, when in truth and in fact, you have none."
The letter asks Romualdez to "cease and desist from performing and discharging acts in violation of Section 122 of the corporation code and to turn over the reign of the PFF to Adad."
Asked for his reaction, Romualdez said, "No comment, I have consulted this with my lawyer."
The NCRFA also argued that the person best suited to deal with the issue of the SEC registration is Adad.
"You will recall that Mr. Adad was not only the president prior to the revocation, but a member of the Board of Governors as well," the NCRFA letter, signed by its corporate secretary and counsel, Rommel A. Frias.
In an earlier interview, Adad said he is willing to help the PFF with the issue and also said they are not concerned with issues on the current official's legitimacy but are more focused on having the SEC registration re-instated.
The NCRFA also asked the PFF "to extend courtesy to our representatives whom we will send to PFF's principal office on Friday at 9 a.m. to inspect, examine and copy the records of business transactions, including, but not limited to the financial, operational and marketing activities of PFF."
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