, with the knowledge, skill and expertise necessary for discharge of the responsibilities allocated to them, and having honest behaviors without notorious background. In case the personnel under the first
to discharge the approval in such portion. In issuing the orders under the first paragraph, the SEC Office shall take into account the following factors: (1) the severity of the facts or demeanors
correction has been made; (2) order the applicant to suspend the offer for sale of shares in the portion which has not been offered or subscribed, and order to discharge the approval in such portion. 1