shall form a quorum. If the Chairman of the SEC is not present at the meeting or cannot perform his duty, and if there is a Vice-Chairman, the Vice-Chairman present at the meeting shall be the Chairman of
position. SECTION 12. At least half of the commissioners of the SEC shall form a quorum. If the Chairman of the SEC is not present at the meeting or cannot perform his duty, and if there is a Vice-Chairman
the designated matters. SECTION 12. At least half of the subcommittee members shall form a quorum. In the subcommittee’s meeting, if the chairman is not present at the meeting or is unable to perform
dissolution and liquidation which are within the power and duty of the general meeting shall be within the power and duty of the SEC Office. Chapter 4 Competent Officer Section 30. In the execution of his
any acts in the process of dissolution and liquidation which are within the power and duty of the general meeting shall be within the power and duty of the SEC Office. Chapter 4 Competent Officer
be, except that any acts in the process of liquidation which are within the power and duty of the general meeting shall be within the power and duty of the Office of the SEC. 8 Chapter 4 Competent
: “SECTION 15. The SEC shall have the power to appoint a sub-committee to perform any matter as assigned by the SEC. 5 The provisions of Section 12 shall apply to the meeting of the sub-committee mutatis
of Limitation and Settlement Committee _________________ Division 1 Administrative Sanction _____________ SECTION 67 The administrative sanctions are as follows: (1) probation; (2) administrative fine
official shall be an official under the Criminal Code. Chapter 8 Sanctions, Statute of Limitation and Settlement Committee _________________ Division 1 Administrative Sanction _____________ SECTION 67 The