, provided that such person does not have any of the prohibited characteristics as prescribed in Section 23. In cases where it is subsequently found that the person acting as a director, manager, or holding a
, provided that such person does not have any of the prohibited characteristics as prescribed in Section 23. In cases where it is subsequently found that the person acting as a director, manager, or holding a
under the first paragraph shall be in compliance with the rules as specified in the notification of the SEC. 18 SECTION 73 The SEC Office shall gather the facts relating to the commission of an offence
73 The SEC Office shall gather the facts relating to the commission of an offence which falls under the administrative sanctions and shall also have the power to exercise an initial consideration in
appointment of panelists under the first paragraph shall be in compliance with the rules as specified in the notification of the SEC. SECTION 73 The SEC Office shall gather the facts relating to the commission
operation of an approved project, mutatis mutandis. Section 22. If the SEC Office has found that any special purpose juristic person fails to process the securitization under the approved project without any
not brought to the court or forwarded to the committee for settlement under Section 42 within one year from the date on which the registrar or the competent official found the commission of offense, or
-transfer of assets to the originator or the discharge of assets placed as collateral during the operation of an approved project, mutatis mutandis. Section 22. If the SEC Office has found that any special
prescription if it is not brought to the court or forwarded to the committee for settlement under Section 42 within one year from the date on which the registrar or the competent official found the commission of
. If the SEC Office has found that any special purpose juristic person fails to process the securitization under the approved project without any proper reason, the SEC Office has the power to revoke the